PET Preforms Market Expected To Hit CAGR Of 5% By 2026

The global PET preforms market was valued at US$ 17.6 Bn in 2017 and is expected to register a CAGR of over 5%.

PET preforms are preforms made of PET (polyethylene terephthalate), which is one of the most common thermoplastic polymer resin in polyester family. PET preforms are molded products of certain shape, form, and size, which are then further blown to make bottles in blowing machines. A key characteristic of PET preform is that the products (or bottles) made from it are durable, sturdy, transparent, smooth and sparkly, which can attract buyer’s attention. PET bottles are gaining preference owing to its lightweight, good resistance, durable, non-breakable, cost effective, and reusable nature.

Global PET preforms Dynamics:

Rapid development of the fast moving consumer goods (FMCG) industry is one of the key driver expected to boost growth of the global PET preforms market. Rinsing consumption of FMCG such as carbonated drinks, juices, cosmetics, and food items, has led to an increasing usage of PET preforms for production of PET bottles, jars, tubes, and others. In addition, availability of PET bottles in all sizes, and other properties such as convenience to carry, hygienic, ease of handling, durable, and lightweight, is increasing adoption of PET bottles globally, thus driving consumption of PET preforms globally.

Get a Free Sample Copy Of PET Preforms Market Research Report Here: https://marketresearch.biz/report/pet-preforms-market/request-sample/

*** NOTE: Our Free Complimentary Sample Report Offers a Brief Summary Of The Report, TOC, Company Profiles and Geographic Segmentation, List of Tables and Figures, and Future Estimation ***

PET preforms and bottles are also extremely cost-effective, durable, and safe. PET bottles cost less than US$ 0.60 for a 500 ml bottle or lesser when bought in bulk. Food & beverages, and personal care product companies find PET bottles highly cost-effective, as compared to other alternatives such as glass, and aluminum bottles. Also, PET bottles or plastic is considered most environmentally friendly among glass, and aluminum, and is more durable compared to other options.

Market Analysis by Neck Size:

On the basis of neck size, 28mm segment is expected to contribute major revenue share in the global PET preforms market, and witness highest CAGR of over 5%, in terms of revenue over the forecast period. This can be attributed increasing usage of 28mm neck size for making bottles for carbonated drinks, mineral water, juices, and edible oil. 28mm segment accounts for highest share among the other segments, owing to its wide application across soft drinks, food items, cosmetics, and others

Market Analysis by Application:

Among application segment, the market share of carbonated drinks segment in the global PET preforms market is projected to increase considerably during the forecast period (2016–2026). This can be attributed to increasing consumption of carbonated soft drinks, owing to increasing young population, and increasing disposable income of consumers.

The market shares of bottled water, and others segment in the global PET preforms market is expected to register a steady growth during the forecast period (2016–2026), owing to increasing processed food & beverages demand, coupled with rising population.

Request Here For The Covid-19 Impact On PET Preforms Market: https://marketresearch.biz/report/pet-preforms-market/covid-19-impact/

*** NOTE: MarketResearch.Biz crew are reading Covid19 updates and its effect at the increase of the PET Preforms Market and wherein important we can take into account Covid-19 footmark for a higher evaluation of the market and industries. Contact us cogently for extra targeted facts.***

Market Analysis by Region:

Asia Pacific is the fastest growing region in PET preforms market. There is high demand for PET preforms in emerging economies such as China, Japan, and India. China is the largest market for PET preform in this region. Increasing demand for carbonated soft drinks, purified water, food, beverages, and pharmaceutical liquor due to the growing population in economies such as India and China has increased the demand for plastic products and plastic industries, in turn fueling the PET preform market in this region.

Revenue from the PET preforms market in Asia Pacific is projected to register highest CAGR of over 6% between 2016 and 2026. The market in Asia Pacific also accounted for highest revenue contribution in the global PET preforms market in 2016, and is expected to continue its dominance over the forecast period. China is estimated to be the largest market for PET preforms in Asia Pacific, followed by Japan and India. China is projected to be the fastest-growing market for PET preforms in this region. Increasing young population, with high disposable income has increased consumption of carbonated soft drinks, liquor, personal care products, food products, and others. The health conscious population has led to an increased consumption of juices, and non-carbonated drinks.

Do You Have Any Query Or Specific Requirement? Drop Your Query Here: https://marketresearch.biz/report/pet-preforms-market/#inquiry

Key players in the global market are Retal Industries LTD., Plastipak Holdings, Inc., RESILUX NV, Taiwan Hon Chuan Enterprise Co., Ltd., Zhuhai Zhongfu Enterprise Co. Ltd., Rawasy Al Khaleej Plastic Ind., Societe Generale des Techniques, Indorama Ventures Public Company Limited, ALPLA Werke Alwin Lehner GmbH & Co KG, and KOKSAN Pet Packaging Industry Co.