for the improved design , collection and recycling of post-consumer product packaging to move the country towards a more circular economy .
Polyoak Packaging , one of the leading manufacturers of packaging materials that include PET bottles for dairy , food , beverage and industrial markets across southern Africa and beyond , has adopted the Circular Plastics Economy contributing to the system that seeks to tackle global challenges like climate change , biodiversity loss , waste , and pollution .
According to the company , about 55 % of PET beverage bottles are collected for recycling in South Africa already . These are recycled into strapping , roof insulation and polyester staple fibre or filament used for apparel ( clothing ), home textiles ( duvets , pillows , carpeting ), automotive parts ( sound insulation , boot linings and seat covers ).
Some of Polyoak ’ s outstanding packaging products range include dairy , beverage , food and industrial packaging among others . Under its Dairypack division , the company designs and manufactures fully recyclable plastic bottles for dairy , juice and traditional beverage and beer applications , specialising in food safety .
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PET bottles packaging in East Africa Last year Sidel opened its office in Kenya to enable it serve its customers in East Africa . “ We are investing in the country and the region , partnering for growth whilst increasing customer satisfaction in business areas of beverages ( including liquid milk products ), food , home and personal care packaging ,” said Vishal Gupta , Managing Director for Sidel Services East Africa .
Global PET market According to the latest report on the Global Industry Trends , Share , Size , Growth , Opportunity and Forecast 2023-2028 by the International Market Analysis Research and Consulting Group ( IMARC Group ) a leading advisor on management strategy and market research worldwide , the global PET bottle market size reached US $ 41.8 Billion in 2022 .
Looking forward , IMARC Group expects the market to reach $ 54.3 Billion by 2028 , exhibiting a growth rate ( CAGR ) of 4.29 % during 2023-2028 .
The rising demand for PET bottles in the beverage industry , extensive product utilization in the personal care industries , and the growing environmental consciousness among the masses represent some of the key factors driving the market .
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