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.
PET bottles are gaining preference owing to its lightweight, good resistance, durable, non-breakable, cost effective, and reusable nature.
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.
Rise in tourism is also expected to boost consumption of bottled water, which is another factor expected to boost growth of the global PET preforms market over the forecast period
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.
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).
Though, carbonated drinks market has seen a decline in matured markets such as North America, and Europe, due to consumers looking to cut down their sugar and calorie intake, these soft drinks are still highly popular in emerging markets.
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.
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.
The market in North America accounted for revenue share of XX% in the global PET preforms market in 2016, and was valued at US$ 3,955.2 Mn, and is projected reach US$ XXXX.X Mn in 2026 at a CAGR of over 5%.
The alcoholic beverages market in Europe is one of the largest in the world, and is estimated to be valued at approximately US$ 87.5 billion in 2017, which is also expected to drive growth of the PET preforms market in the region.
Among the application segments, carbonated drinks segment is expected to account for US$ 5,507.4 Mn in 2017.Key players in the global market are Retal Industries LTD., Plastipak Holdings, Inc., RESILUX NV, Taiwan Hon Chuan Enterprise Co.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to account for major revenuce share of US$ 6,079.4 Mn in 2017.
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