Heavily populated China and India driving global PET demand According to Merchant Research & Consulting Ltd. The lifestyles undergoing considerable changes globally and the packaging industry being in its prime, the world market of polyethylene terephthalate (PET) is seeing healthy demand rise. The growing pace of the demand is strictly following the dynamics of the key PET end-use industries -- carbonated soft drinks and bottled water -- which take up more than 65% of the PET consumption globally. From the geographical angle the major drivers of the PET demand growth are China and India that represent heavily populated regions with growing packaging industry. Another large market for PET is Russia. The total annual increase rate on the world PET market is expected to reach up to 5% in the next decade. Detailed review of the present and past of the polyethylene terephthalate market and its forecast future is offered within the new market research study "Polyethylene Terephthalate (PET) 2011 World Market Outlook and Forecast up to 2016". It examines the market at the global, regional and country level and provides analysis of the market projections through 2016.