PET preforms market was valued at US$ 17.6 Bn in 2017

The global PET preforms market was valued at US$ 17.6 Bn in 2017 and is expected to register a CAGR of over 5%.

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Rapid development of the fast moving consumer goods (FMCG) industry is one of the key driver expected to boost growth of the global PET preforms market. Rinsing consumption of FMCG such as carbonated drinks, juices, cosmetics, and food items, has led to an increasing usage of PET preforms for production of PET bottles, jars, tubes, and others.

PET preforms and bottles are also extremely cost-effective, durable, and safe. PET bottles cost less than US$ 0.60 for a 500 ml bottle or lesser when bought in bulk. Food & beverages, and personal care product companies find PET bottles highly cost-effective, as compared to other alternatives such as glass, and aluminum bottles.

PET bottles have rose to prominence, and are continuously replacing glass bottles, which are suscepOn 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.

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.

This can be attributed increasing usage of 28mm neck size for making bottles for carbonated drinks, mineral water, juices, and edible oil. tible to breakage and are not user-friendly.

The market shares of bottled water, and others segment in the global PET preforms market is expected to register a steady growth during the forecast period (2016–2026), owing to increasing processed food & beverages demand, coupled with rising population.

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%.

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