Global PET Preforms Market Size Study, By Neck 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 & Chemical, Ot

Global PET Preforms Market Size Study, By Neck 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 & Chemical, Others) and Regional Forecasts 2022-2032

The Global PET Preforms Market was valued at approximately USD 23.0 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2032. PET preforms are intermediate products that are subsequently blown into polyethylene terephthalate (PET) containers. These preforms, produced in a wide variety of neck finishes, colors, weights, and shapes, serve the packaging needs of numerous sectors, including food & beverages and cosmetics. The demand for PET preforms is on the rise, primarily driven by the increasing consumption of packaged beverages. PET preforms are extensively utilized by manufacturers of domestic products for packaging items such as edible oil and cleaning solutions. The hot filling method, popular in industrialized countries, is often employed in manufacturing bottles from PET preforms. This method is cost-effective and does not require preservatives. PET's combination of clarity, mechanical properties, and gas barrier properties makes it ideal for making containers for various packaged beverages, including carbonated beverages, juice, and water.

The manufacturing of PET preforms involves heating the PET polymer starting material to form a PET polymer melt and introducing it into mold cavities shaped like the desired preform. After cooling, the preform can be used to create PET bottles through blow molding, a process comprising two steps: injection stretch blow molding. This two-step process results in bottles with excellent transparency, water-resistance, and impermeability, which are crucial advantages offered by the PET preforms industry.

The global PET preforms market benefits significantly from the growing ready-to-drink (RTD) market. The popularity of single-serve RTD beverages, available in local supermarkets and convenience stores, is driving market expansion. Changing lifestyles and the increased consumption of RTD beverages are contributing factors. Additionally, the Asia-Pacific region's growing economies are boosting the pharmaceutical sector, with continuous research, development, and installation of advanced equipment, further fuelling the PET preforms market.

The key regions considered for the global PET Preforms Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the PET Preforms Market in terms of revenue. Key factors driving the growth of the PET preforms market in North America include increasing demand for bottled beverages, sustainability concerns promoting recyclable materials, advancements in manufacturing technology, and the expanding food and beverage industry. Additionally, rising consumer preference for convenience packaging and stringent regulations on alternative packaging materials contribute to market expansion. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

PLASTIPAK HOLDINGS, INC.

RAWASY

Taiwan Hon Chuan

Esterform Ltd.

Manjushree Technopack Ltd.

Retal Industries LTD.

KOKSAN Pet Packaging Industry Co.

Eskapet Pet Product Ltd.

CAIBA

RESILUX NV

The detailed segments and sub-segment of the market are explained below:

By Neck Type
• ROPP
• Standard PCO
• Alaska
• CTC Preforms
• Others

By Neck Size
• 25 Mm
• 28 Mm
• 29 Mm
• 30 Mm
• 38 Mm
• Others

By Application
• Carbonated Soft Drinks
• Water
• Food
• Non-Carbonated Drinks
• Cosmetics & Chemical
• Others

By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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