PET Preforms Market By Type (ROPP, Standard PCO, Alaska, CTC Preforms, Others), By Neck Size (Lower, 25 Mm, 28 Mm, 29 Mm, 30 Mm, 38 Mm, Larger), By Application (Carbonated Soft Drinks, Water, Food, Non Carbonated Drinks, Cosmetics and Chemical, Others): G

PET Preforms Market By Type (ROPP, Standard PCO, Alaska, CTC Preforms, Others), By Neck Size (Lower, 25 Mm, 28 Mm, 29 Mm, 30 Mm, 38 Mm, Larger), By Application (Carbonated Soft Drinks, Water, Food, Non Carbonated Drinks, Cosmetics and Chemical, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global pet preforms market size was valued at $23.0 billion in 2022, and is projected to reach $35.4 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.

PET preforms can be used for the packaging of mineral water, juices, liquors, soft drinks, carbonated drinks, oils suitable for consumption, medicines, pickles, jams, and consumer products, and others. The small volume of PET preform contributes a lot to environmental measures and reduces costs. Another advantage of preforming is that it can be used to produce bottles and containers with various designs. It is enough to heat the preforms body to about 100 degrees Celsius and put it in the mold. It can be then shaped as desired with high-pressure air. Multilayer containers and bottles can also be made using preforms. These containers can prevent oxygen from entering and keep the food quality unchanged for an extended period. Moreover, the flavor and aroma of the substance that is inside is not lost.

Increase in consumption of carbonated and other beverages could further boost the Global PET preforms industry. For instance, according to Global Bureau of Statics, in 2019–20, an estimated 14.5 million tons of foods and non-alcoholic beverages were sold from supermarkets, grocery stores, convenience & specialty food stores, and fresh food markets, which was 4% more than previous year. The continuing focus on the development of product packaging using recyclable PET material is another reason that is thought to be fueling the industry. Manufacturers and independent research organizations are developing new techniques to manufacture products that are more advanced. Owing to recycling nature of PET preform, they are widely used in a variety of applications as they have a recycling nature including CSD bottles, water bottles, food packaging, oil/edible oil bottles, alcoholic drinks bottles, juice & milk bottles, and chemical & pesticide bottles.

On the other hand, severe restrictions prohibiting the use of plastic is a threat to the PET preforms industry. This is due to the fact that plastic is non-biodegradable. Not just governments, however, also NGOs and other organizations are raising awareness about the importance of recycling plastic or limiting its use. Despite these obstacles, the PET preforms market growth is expected to boost due to high demand for PET bottles from various end-use sectors owing to increased urbanization, disposable income, and consumerism.  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.

On the basis of type, the standard PCO segment was the largest revenue contributor in 2022. Standard PCO (Plastic Closure Thread) PET preforms are a vital component in the beverage and packaging industry. These preforms play a crucial role in the production of plastic bottles, particularly for carbonated drinks, water, and various other liquid products. Standard PCO PET preforms are cylindrical-shaped, injection-molded plastic components made from PET (Polyethylene Terephthalate) resin. They are characterized by their threaded necks, designed to facilitate the sealing of bottles with compatible caps.

On the basis of neck size, the 28mm segment was the largest revenue contributor, in 2022. PET preforms with a 28mm neck size play a crucial role in various industries, particularly in the production of plastic containers and bottles. These preforms serve as the initial stage in the manufacturing process, where they are transformed into the final PET containers that we encounter in our daily lives.  One of the most common uses of PET preforms with a 28mm neck size is in the production of bottled beverages. These preforms are the starting point for manufacturing a wide range of drinks, including water, soft drinks, juices, and more. The 28mm neck size is a standard in the industry and accommodates various types of closures and caps, making it suitable for different beverage categories.

On the basis of region, the Asia- segment was the largest revenue contributor in 2022. The market for PET preforms will rise at a faster rate because of technological development and increased product usage in the pharmaceutical sector. In addition, a continuous effort in product development will boost the market for PET preforms. Manjushree Technopack Ltd. and Taiwan Hon Chuan are some of the players operating in this region.

The major players operating in the PET preform market share 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 share.

Key findings of the study
By form, the standard PCO segment was the highest revenue contributor and anticipated to register the highest CAGR of 5.0% during the forecast period.
By neck size, the 28 Mm segment was the highest revenue contributor and is anticipated to register the highest CAGR of 5.3% during the forecast period
By region, Asia-Pacific is expected to witness considerable CAGRs of 4.9%, during 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 2022 to 2032 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.
Consumer Buying Behavior Analysis
End user preferences and pain points
Product Benchmarking / Product specification and applications
Product Life Cycles
Upcoming/New Entrant by Regions
Technology Trend Analysis
New Product Development/ Product Matrix of Key Players
Patient/epidemiology data at country, region, global level
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Volume Market Size and Forecast

Key Market Segments

By Neck Size

Lower
25 Mm
28 Mm
29 Mm
30 Mm
38 Mm
Larger

By Type

ROPP
Standard PCO
Alaska
CTC Preforms
Others

By Application

Others
Carbonated Soft Drinks
Water
Food
Non Carbonated Drinks
Cosmetics and Chemical

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Viet Nam
Rest of Asia-Pacific
Africa
South Africa
Egypt
Rest Of Africa
South America
Brazil
Argentina
Rest Of South America
Middle East
Saudi Arabia
UAE
Rest Of Middle East

Key Market Players

Retal Industries LTD.
Esterform Ltd.
RAWASY
PLASTIPAK HOLDINGS, INC.
Manjushree Technopack Ltd.
CAIBA
Eskapet Pet Product Ltd.
RESILUX NV
Taiwan Hon Chuan
KOKSAN Pet Packaging Industry Co.

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