PET Preforms Market By Type (ROPP, Standard PCO, Alaska, CTC Preforms, Others), By Neck Size (25 Mm, 28 Mm, 29 Mm, 30 Mm, Others), By Application (Carbonated Soft Drinks, Water, Food, Non Carbonated Drinks, Cosmetics and Chemical, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global pet preforms market was valued at $27.8 billion in 2021, and is projected to reach $42.8 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
A preform is an intermediate product that is eventually blown up into bottles or containers. Preform made from polyethylene terephthalate (PET) are called PET Preforms. PET Preforms are an excellent way of manufacturing PET bottles quickly. PET preforms are normally manufactured using a mold on an injection system, which is subsequently blown into a container for edible or non-edible liquids (water, soft drinks, milk, alcohol, oils, detergents, personal care) on a blow molding system.
Standard PCO preforms are used to produce PET bottles for carbonated soft drinks, juices, sauces, and industrial chemicals. Their normal neck measures 28 millimeters. The growth of the PET preforms market is driven by the rise in popularity of serving carbonated beverages as a side drink in various restaurants and cafes. The demand for carbonated drinks is expanding due to rise in innovations and the introduction of new products including diet, sugar-free, and zero-calorie beverages, leading to the expansion of the PET perform market.
Beverage preforms often known as the precursor to a blown bottle, is a crucial carbonated soft drinks packaging option. Carbonated soft drinks (CSD) and carbonated water require specific handling; the integrity of the product and the customer's comfort and safety depending on the tightness and handling of bottle closures under pressure. The quality of the product can be compromised by even minor dents or scratches on the exterior of the neck or inside of the bore seal. Standard PCO preform is best suited for use in the dimensionally accurate production of bottles for carbonated drinks.
It is best utilized with th ermoplastic polymer made of polyethylene terephthalate, which guarantees non-toxicity and provides flexibility for usage with water products. The supplied standard PCO preform is good for increasing manufacturing effectiveness while producing things of higher quality. It is well recognized to have a sturdy structure, which contributes to the development of stronger walls and a smooth surface finish. In addition, a standard PCO preform with fewer threads is available in a reduced version. These PET preforms have 28mm neck diameters. Furthermore, they come in a variety of weights, from 12 grams to 54 grams. Owing to these factors, the standard PCO preforms segment is expected to increase the demand for the PET performs market during the forecast period.
Furthermore, on the basis of neck size, 28 mm segment is expected to grow at the highest CAGR during the forecast period. The carbonated soft drinks industry is expanding due to several factors such as rise in population and increased healthcare awareness. Modern-day consumers can be seen focusing on convenience, and thus a large part of everyday purchase includes single grab-and-go products rather than the conventional bulk buying products.
This has led to shelf-stable innovations and eco-friendly packaging, made with clean, renewable PET material, with fewer preservatives and chemicals. The products are continually being improved and innovated to manufacture precisely sized PET preforms. Owing to rise in consumer health awareness, companies are now more focused on including natural, low-calorie, and low-sugar ingredients in their products, such as using stevia sweeteners instead of conventional or synthetic sweeteners. Thus, increased consumption of carbonated soft drinks is projected to boost the 28mm PET preform market growth during the forecast period.
The PET preform market is segmented on the basis of neck type, neck size, application and region. On the basis of neck type, global PET Preform market is classified into ROPP, Standard PCO, Alaska, CTC Preforms, and others. By neck size, the market is categorized into 25 Mm, 28 Mm, 29 Mm, 30 Mm and others. On the basis of application, the market is divided into carbonated soft drinks, water, food, non-carbonated drinks, cosmetics & chemical, and others. On the basis region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include PLASTIPAK HOLDINGS, INC., Retal Industries LTD., RESILUX NV, Taiwan Hon Chuan, Manjushree Technopack Ltd., KOKSAN Pet Packaging Industry Co., Esterform Ltd, RAWASY, CAIBA, and Eskapet Pet Product Ltd. These players have adopted product launch as their key strategy to increase their market shares.
IMPACT OF COVID-19 ON THE GLOBAL PET PREFORMS MARKET
The COVID-19 pandemic hit the major end users of PET preform s such as carbonated soft drinks and water packaging, thereby hampering the growth of the market during the forecast period. Due to labour shortages and practical issues with wide social distances, the packaging industries are also hampered in their ability to continue operating. The situation is expected to recover, which is likely to restore market growth in the forecast period.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pet preforms market analysis from 2021 to 2031 to identify the prevailing pet preforms market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pet preforms market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global pet preforms market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
ROPP
Standard PCO
Alaska
CTC Preforms
Others
By Neck Size
25 Mm
28 Mm
29 Mm
30 Mm
Others
By Application
Carbonated Soft Drinks
Water
Food
Non Carbonated Drinks
Cosmetics and Chemical
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
India
South Korea
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
Retal Industries LTD.
Taiwan Hon Chuan
RESILUX NV
Manjushree Technopack Ltd.
PLASTIPAK HOLDINGS, INC.
Esterform Ltd
CAIBA
RAWASY
KOKSAN Pet Packaging Industry Co.
Eskapet Pet Product Ltd.
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