Global Polyethylene Terephthalate (PET) Preforms Market, By Type (Type 1, Type 2, Type 3, Type 4, Type 5), Capacity (Up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, More than 2000 ml), Neck Finish (Non-Crystallized Neck Finish, Crystallized Neck Finish), Neck Standards (Standard 28/410, Standard 29/25, Standard 29/25, Standard 29/21, Standard 30/25, Standard 38 mm, Standard 48 mm, Standard 48/41, Standard 52 mm, Standard PCO), Application (Beverages, Food, Cosmetics and Chemicals, Pharma, Others), End Use Industry (Bottle, Food and Beverages, Pharmaceutical and Liquor, Cosmetics), Distribution Channel (Wholesaler, Online), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Polyethylene Terephthalate (PET) Preforms Market
Data Bridge Market Research analyses the polyethylene terephthalate (PET) preforms market will exhibit a CAGR of 5.66% for the forecast period of 2022-2029 and is expected to reach the USD 29.88 billion by 2029.
PET preforms are the preparatory products that are used in the molding and formulation of PET materials into various shapes, sizes, and products. These preforms are used to make various shapes of bottles, jars, and packaging products, and they are introduced into the blowing machine to go through several procedures that allow the PET material to be adjusted as needed.
The rising demand for packaged drinking water and beverages will influence the growth rate of the polyethylene terephthalate (PET) preforms market. Favourable properties of PET as packaging material the key elements driving market expansion. Along with this, increasing consumption in carbonated soft drinks and water will increase the demand for the polyethylene terephthalate (PET) preforms market. The polyethylene terephthalate (PET) preforms market is also being driven by significant factors such as the upsurge in the level of disposable income and upgrading lifestyle of people. Furthermore, continuous thrust on product development will enhance the growth rate of polyethylene terephthalate (PET) preforms market. Also, consumerism and and increasing urbanization will act as major factors influencing the growth of polyethylene terephthalate (PET) preforms market. The advancement in technologies and rising adoption of product in cosmetic and healthcare sector will have positive impact on the growth rate of polyethylene terephthalate (PET) preforms market.
Moreover, expansion of end-user industries and the use of PET in new application such as edible oil, beer, pharmaceuticals and dairy will create beneficial opportunities for the growth of the polyethylene terephthalate (PET) preforms market. Additionally, rise in the demand from developing countries and untapped potential in emerging market will provide lucrative opportunities for market’s growth.
However, the high cost associated with polyethylene terephthalate (PET) preforms will hamper the polyethylene terephthalate (PET) preforms market’s growth rate. Also, the fluctuating prices of raw materials and emergence of unfavourable conditions due to COVID-19 outbreak will further pose challenges to the growth of polyethylene terephthalate (PET) preforms market. Strict government regulations linked with the use of plastic products and unavailability of recycling facilities will act as major restrains and further impede the growth rate polyethylene terephthalate (PET) preforms market.
This polyethylene terephthalate (PET) preforms market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) preforms market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyethylene Terephthalate (PET) Preforms Market Scope and Market Size
The polyethylene terephthalate (PET) preforms market is segmented on the basis of type, capacity, neck finish, neck standards, application, end use industry and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- PET preforms market on the basis of type has been segmented into type 1 (Carbonated bpf/Carbonated PCO/PCO), type 2 (Alaska/Bericap/Crown Obrist/Others), type 3 (CTC/Oil Bericap/Special Oriented/Others), type 4 (Bericap/PCO/Hexalite/Affaba and Ferrari/Others) and type 5 (29-23/29-23 Special/Din 28-410).
- Based on capacity, the market has been segmented as up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml and more than 2000 ml.
- Based on neck finish, the market consists of non-crystallized neck finish and crystallized neck finish.
- Based on neck standards, the market has been segmented into Standard 28/410, Standard 29/25, Standard 29/25, Standard 29/21, Standard 30/25, Standard 38 mm, Standard 48 mm, Standard 48/41, Standard 52 mm and Standard PCO.
- PET preforms market is also segmented into beverages, food, cosmetics and chemicals, pharma and others on the basis of application. Beverages have been further sub-segmented into bottled water, carbonated drinks, RTD (Ready-To-Drink) tea, juice, sports drinks, oil/edible oil, RTD (Ready-To-Drink) coffee, non-carbonated soft drinks, alcoholic drinks, others. Others segment of application have been further sub-segmented as pesticides, households and chemicals.
- On the basis of end use industry, the market has been segmented into bottle, food and beverages, pharmaceutical and liquor and cosmetics.
- On the basis of distribution channel, the market has been segmented into wholesaler and online.
Polyethylene Terephthalate (PET) Preforms Market Country Level Analysis
The polyethylene terephthalate (PET) preforms market is analysed and market size, volume information is provided by country, type, capacity, neck finish, neck standards, application, end use industry and distribution channel as referenced above.
The countries covered in the polyethylene terephthalate (PET) preforms market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominate the polyethylene terephthalate (PET) preforms market during the forecast period of 2022-2029 due to the rising consumption of packaged soft drinks, functional drinks, bottled water in this region. Asia-Pacific is the growing region of polyethylene terephthalate (PET) preforms market during the forecast period of 2022-2029 due to the rising awareness about health and changing lifestyle of people in this region.
The country section of the polyethylene terephthalate (PET) preforms market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polyethylene Terephthalate (PET) Preforms Market Share Analysis
The polyethylene terephthalate (PET) preforms market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyethylene terephthalate (PET) preforms market.
Some of the major players operating in the polyethylene terephthalate (PET) preforms market are Chemco Group, GR PET, TPAC, PLASTIPAK HOLDINGS, INC., Retal Industries LTD., RESILUX NV, ALPLA, Honeywell International Inc., Taiwan Hon Chuan, Indorama Ventures Public Company Limited, Manjushree Technopack Ltd., PDG Plastiques, Mpact, SGT, Logoplaste UK Ltd., and Koksan Pet Plastik, among others.
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