Our pet preform Advantages are - Wide range of sizes(28PCO. use advance technology from Europe to manufacture quality products. Sonnex Packaging is a leading Pet preform, Bottles, Caps, Hotfilled bottles, Crates manufacturer. Īddress:Ojota Lagos, Lagos Business type:Manufacturer Our pet preformAdvantages are - Wide range of sizes(28PCO &30/25 neck finish)- Lower weight and with better. use Uropian technology to manufacture quality preform. The plant would also include a PET bottle cap production plant using PP resin as raw materials.ġ.5 Critical Success Factor of the Businessġ.8 Contribution to Local and National Economyģ.Sonnex Packaging is a leading Pet preform manufacturer. This report is to examine the financial viability or otherwise of establishing a PET (polyethylene terephthalate) preform blowing plant in Nigeria using PET preform as raw materials. With the growing demand for carbonated soft drinks, water and edible oil, PET Preform bottles are also increasing in demand. The demand for PET plastics is estimated to rise at about seven percent (7%) annually over the next ten (10) years. Our research indicates that the main driver of growth for PET bottles in Nigeria has been the food and beverage sector with water industry accounting for about sixty-five percent (65%) of PET usage in Nigeria. With a population of over one hundred and seventy (170,000,000) million people and an estimated national population growth rate of 5.7% per annum, an average economic growth rate of 3.5% per annum in the past five (5) years, Nigeria has a large market for PET preform and bottles. The market for PET preform and bottles is national. The above data suggest a large, expending and sustainable market for PET preform and bottles in Nigeria. We anticipate the sector will become more segmented as competition grows and consumers preferences and taste evolve. Growth drivers for the bottled water industry are the hot weather, growing population and health considerations. At that rate, it is expected that the sale of bottled water will overtake carbonates as the most widely consumed beverage by volume. The market is segmented into large multi-nationals, large corporate firms and hundreds, if not thousands of small and medium size enterprises (SMEs).Īnalysts (BMI) expect the growth to reach 8.5 litres per capita in 2016. Other new entrant are rite foods Nigeria Limited (Bigi Brand).īottled Water Industry has seen growth of over thirty-one percent (31%) volume in the last ten (10) years. La Casera is experiencing unprecedented growth because it is a non-cola carbonate soft drink and has a popular Apple flavour variant that appeals to Nigerian consumers. In the last ten (10) years, new competitor has emerged in this sector. The carbonated soft drink industry in Nigeria is dominated by the world’s biggest soft drink manufacturers, Coca Cola with its Fanta, Sprite, and Schweppes brands and PepsiCo, with its Pepsi and Miranda brand. The growth drivers in the food and beverage industry are the growth in the population, 170 million by some estimates, and the rise in income levels over the last 10 years, improvement in marketing strategies implored by the bottlers, better distribution channels, introduction of new products and better packaging. The Nigerian food and beverage industry is expected continue to experience growth amid uncertainties in the economy. Kitchen containers are another major usage centre. Others include processed foods, edible oils and sauces. Mineral water and soft drinks account for a major share of the total demand. It has now been adopted for storing all types of foods. PET (polyethylene terephthalate) is a packaging medium for a wide variety of liquid food products such as edible oils, syrups, mineral water, alcoholic beverages, juices and honey. Today, the food and beverages industry is increasingly using PET to replace glass and other materials. PET excels by its inherent values like strength, safety, cost-effectiveness and being lightweight, unbreakable and recyclable. PET (polyethylene terephthalate) has recorded the fastest growth rate in the global plastics market and this is evident from the revolution witnessed in the fields of mineral water, beverages, edible oil, detergents etc. A global trend has emerged to produce hi-tech, sophisticated and eye-catching plastic packaging. Plastic packaging has become indispensable to the world. From packaging to agriculture, automobiles and electronics plastics have revolutionized all areas because of its functionality, economics, aesthetics and reliability. Plastic have played a vital role in the growth phase of the Nigerian economy and continue to do so.
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