Pet Products Business and Its Market

Pet Products Business and Its Market Basics -

The full form of PET is polyethylene terephthalate, which is a form of polyester. PET being easily moldable, is usable for manufacturing many daily use things such as plastic bottles, containers for beverages, medicines, and many other products. It is highly recommended among people as robust yet lightweight, non-reactive, economical, and shatterproof. Various health authorities worldwide have given the green light for its safety in medical applications.

PET Market Size – The growth of PET market is solely due to the rising demands of PET in packaging foods and beverages. Also the demand for replacement of glass and plastic in the bottled water and soft drink industries have made the PET markets to rise enormously.

The graph clearly demonstrates the rise of PET market size in passing years. If a company desires to begin a start-up in this sector then it would be the best thing to do. There is a clear rise in the use of PET in the coming years as well which is sufficient enough to convey that yes PET has a good future in market.

The manufacture –

Ethylene glycol and terephthalic acid combine and polymerize themselves to form the PET. Heat is applied to the PET resins convert to a molten liquid, which can then be molded into any desired shape with utter ease. To distinguish PET bottles from regular bottles, we can look at the special symbol, which is imprinted on every PET bottle on the bottom or on the side. The character has a number 1 surrounded by three arrows following each other in a triangular manner below, which is written PET.

Related Videos;- Plastics Projects

Uses – -

Manufacturing PET has successfully replaced the use of glass bottles for storing soda and water. This is because of its number of qualities such as hygienic, healthy, resistant against microbes, doesn't react with foods or beverages, and will not biologically degrade. - The FDA had approved both single and repeated use of the PET bottles. The PET bottles are absolutely stable and inert, which does not degrade biologically or chemically. So the thought that the reuse of bottles can contaminate them and release harmful substances is absolutely a misconception. PET Safety Numerous health safety agencies worldwide, including the FDA, have approved PET as safe for contact with food materials and beverages. Extensive studies have proved the PET to be safe and secure. Being extraordinarily stable and inert, it doesn't react with food materials and provides resistance against micro-organisms. It is safe to such an extent that its static properties don't allow it to cause any human problems if ingested by mistake. People usually doubt whether PET release dioxins or not. The PET doesn't emit or produce dioxins as its productions require very high temperature and chlorine. PET is devoid of chlorine, so there is no chance of producing dioxins. There are no medical proofs that show the endocrine-disrupting activity of PET.

Recycling and Sustainability

PET is a highly recyclable and sustainable material. We can recycle it numerous times into containers of various shapes for storing food items, beverages, snacks, and many others. If we look at the stats, collection of around 1.5 billion pounds of PET bottles is done for recycling every year in the United States of America. Comparing the recycling rates of the United States and Europe, the Europeans seem more advanced in understanding the value of recycling packaging materials. In 2012, the recycling rate of PET was approximately 31%. By comparison, the PET recycling rate in Europe for the year 2012 was 52%. An actual example of the environmental benefits and sustainability of PET as a packaging material is the allowance a person can get for recycling the PET bottles and jars into new food-grade PET bottles and containers.

Conclusion This report on PET and its market stakes shows that PET has very high hopes of breaking records in the market. The Niir Project Consultancy Services (NPCS) provides its users detailed reports and start-up ideas which can prove to be very helpful for an entrepreneur. The scope of the report includes examining the market size, growth rate and all other aspects that may be required for a successful business. You can get all the reports on the official website of NPCS.

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Properties
BIS (Bureau of Indian Standards) Provision & Specification
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Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
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Market Opportunity

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Properties of Raw Materials
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Laboratory Equipments & Accessories
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Packaging Required
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Assumptions for Profitability workings	Plant Economics
Production Schedule
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Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
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Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
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Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR