The global bottle-grade polyethylene terephthalate market could rebound in the first half of 2021 if demand recovers alongside an uptick in economic activity, should the coronavirus pandemic be tamed.
Bottle-grade PET demand may get a boost from the Tokyo Olympics due to take place in 2021, with large-scale sporting events traditionally lifting beverage consumption.
The return of sporting, music and other large-scale events in 2021 would push up demand after global bottle-grade PET markets sank to record lows in 2020.
