What changes has the COVID-19 brought to plastic drinking bottles in the international market?

So far, the COVID-19 has caused huge losses to many countries and regions around the world.At the same time, the repeated outbreaks of the COVID-19 have also had a huge impact on the local economy.

Regarding the procurement of plastic water, huge changes have also taken place in the global procurement and consumption of plastic water cups, which can only be reflected in the following aspects.The epidemic has directly caused the suspension of many industries in many countries and regions, especially the butlers mainly engaged in transportation and tourism.At the same time, it caused heavy losses in the catering industry.

These industries will indirectly cause a decline in sales in other industries, a loss of production orders, an increase in unemployment, and ultimately a decline in personal income and a decline in market procurement expectations.

Taking the first half of 2019 as an example, the procurement volume of plastic water cups in areas dominated by developed regions in the world is much lower than that of stainless steel water cups.However, in the first half of 2021, the demand for plastic water cups is far greater than that of stainless steel water cups.This shows that the reduction in income and production costs also reduce.

The epidemic has caused a reduction in production efficiency and production capacity, which directly caused an increase in raw material costs.Taking the first half of 2019 as an example, when purchasing plastic drinking glasses in Europe, America and some other developed regions, tritan is the main focus.

However, in the first half of 2021, although purchase orders for plastic water cups increased sharply, the materials with the highest proportion were AS/PC/PET/PS, etc.On the contrary, the tritan material continued to decline, mainly because the cost of the tritan material rose too fast.

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