Taiwan’s third-largest PET producer, South Asia, produces 7,000 metric tons per month. The company stated that due to the low threshold of PET production technology and the low interest rate, South Asia has no plans to expand production in recent years. In addition, the company believes there is still room for growth in the US PET bottle market, but given the fierce market competition, there is no intention to expand South America's PET capacity in the Americas. New Fiber also stated that since the PET bottle has been developed in Taiwan for more than 20 years, the market is close to saturation and the expansion line will not be considered in the short term.
The use of PET bottles for packaging beer is a new trend in Europe and the United States. However, some Taiwanese plastic bottle manufacturers said that most consumers in Taiwan feel that drinking with glass bottles or aluminum can only have the taste of drinking beer. Therefore, under the prevailing market acceptance, manufacturers will not enter the field rashly. Taiwan's Far East Textile has entered a strategic alliance with the downstream breweries last year. It plans to complete the breakthrough in this technology within two years. The latest progress has not yet been released and it has not yet been measured.
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