![]() ![]() Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.Furthermore, the revenue generated from alcoholic beverages in India was estimated to reach USD 51.5 billion in 2022, increasing from USD 44.34 billion in 2021, thus augmenting the studied market's growth.Further, around USD 24.07 billion was contributed by the food manufacturing sector to the total profits. According to the National Bureau of Statistics of China, the total profit of the Chinese food industry in 2021 was about ~USD 90 billion, down from ~USD 90.37 billion the year before.This positive momentum in the packaging industry is expected to ignite the market demand for PET preforms in the country. Furthermore, according to Interpak, in China, in the foodstuff packaging category, total packaging is expected to reach 447 billion units in 2023. ![]()
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