PETpla.net Insider 07+08 / 2012

REGIONAL MARKET REPORTS 10 PET planet insider Vol. 13 No. 07+08/12 www.petpla.net China PET market driven by booming beverage sector A glance at the economic data for the years 2005 and 2010 / 2011 by way of comparison: GNP China 2005 2,226 billion US$ GNP 2010 5,500 billion US$ Growth over period of 5 years in total plus 165% Compared with Europe 2010 17,600 billion US$ USA 2010 14,400 billion US$ GNP per capita China 2005 1,714 US$ China 2010 4,330 US$ Growth over period of 5 years in total plus 153% Compared with Europe 2010 34,500 US$ USA 2010 46,500 US$ by Wolfgang von Schroeter PETplanet Insider reported from China approximately five years ago (see our Regional Reports in issues 04/2007 and 05/2007). Our objective in undertaking a further trip in March 2012 to explore the PET world in China was to update our PET research activities dating back from that time. What developments there have been in China! What developments there have been in the markets – in particular the PET- oriented markets associated with the linked group comprising of machine manufactur- ers, converters and bottlers. In 2005/2006 China’s economy was already well into an explosive boom. This development continued on an impressive scale. In the second half of the last year the emerging market of China metamorphosed into an indus- trial dynamo to challenge the world market leaders. Regional market reports China Part 1