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Organisations ' cash and short-term allocation to bank deposits drop to the lowest in four years
Forty-seven percent of organisations ' cash and short-term allocation are maintained in bank deposits , according to the 2023 Association for Financial Professionals ( AFP ) Liquidity Survey , underwritten by Invesco . This figure is down eight percentage points from 2022 and is the lowest recorded in four years .
In response to the bank failures that occurred in March 2023 , organisations began moving their cash and short-term investments from banks into government / treasury money market funds ( up four percentage points ), treasury bills ( up two percentage points ) and agencies ( up two percentage points ).
Thirty-eight percent of treasury professionals report that their organisations plan to continue increasing their cash allocations to government / treasury money market funds into the next year , while only 8 % indicate that their companies plan to decrease allocations to these funds . However , 27 % plan to increase allocations in bank deposits , while 25 % are looking to decrease their deposits in banks .
An organisation ' s overall relationship with its bank remains the primary determinant in choosing where to maintain deposits ( cited by 83 % of respondents ).
However , this figure is down 10 percentage points from 2022 and suggests that treasury professionals are choosing to be more cautious in their approach to relationships with banking partners in response to recent bank failures .
Recycled PET market worth US $ 15 billion by 2028 , report says
The global recycled PET market size is expected to grow from
US $ 11 billion in 2023 to US $ 15 billion by 2028 , at a CAGR of 6.5 % during the forecast period , according to a report by MarketsandMarkets called Recycled PET Market .
The increasing global demand for sustainable and environmentally friendly packaging solutions is a major driving factor for the recycled PET market . Consumers are increasingly aware of the environmental impact of plastic waste and are actively seeking more eco-friendly alternatives . This heightened consumer demand , coupled with corporate sustainability initiatives , has pushed businesses to adopt recycled PET as a viable solution .
Bottles are expected to be the biggest and fastest-growing application in the Recycled PET market during the forecast period . manufacturers have responded to this consumer demand by incorporating rPET into their bottle packaging .
The demand for rPET in the bottle market has experienced significant growth due to various factors . One of the primary reasons for this is the increasing consumer awareness and preference for sustainable packaging solutions . Consumers are seeking alternatives to traditional plastic bottles , and rPET offers a more environmentally friendly option . Many brands and
Additionally , government regulations and initiatives have played a crucial role in driving the adoption of rPET bottles . Many countries have implemented regulations that promote the use of recycled materials in packaging , including minimum rPET content requirements . This has further accelerated the growth of the rPET bottle market . x
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