Market footprint,Competitive benchmarking of PET Preforms Market With Forecast.

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

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.

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

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%. Rising demand for carbonated soft drinks, bottled mineral water, juices, liquor, and personal care products is expected to drive growth of the PET preforms market in the region.

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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.

Key Players:
Industries LTD., Plastipak Holdings, Inc., RESILUX NV, Taiwan Hon Chuan Enterprise Co., Ltd., Zhuhai Zhongfu Enterprise Co. Ltd., Rawasy Al Khaleej Plastic Ind.

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