Fresh PET capacities: Unviable in the world's largest market but vialble in India – 3 Sep 2024

Polyethylene Terephthalate (PEY) is a type of plastic commonly used in packaging, especially for beverages, food, and other consumer goods. PET is valued for its strength, durability, and recyclability.

In the world's largest PET market however, fresh capacities are unviable

Yet in India new capacities are coming up fast and quick

What explains this dichotomy