PET Preforms Market Share, Industry Analysis & Forecast Report 2024-2029.

According to the latest research report published by Market Data Forecast, the global PET preforms market is expected to grow at a CAGR of 5.29% during the forecast period 2024-2029. The market value was at USD 18.11 billion in 2023, and the value is expected to reach USD 24.67 billion by the end of 2029.

The market for PET preforms, which are used to make plastic bottles, is growing. This is because people are drinking more bottled drinks and companies are looking for lighter packaging. New designs for PET preforms and a focus on helping the environment are also making this market bigger. Companies that make PET preforms are trying to be more sustainable and develop new technologies to win more business.

Global PET Preforms Market Report Scope:

• Market Size (2029): USD 24.67 Billion
• Market Size (2023): USD 18.11 Billion
• CAGR (2024 to 2029): 5.29%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Neck Size, Application, and Geography.
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Retal Industries Ltd. (Cyprus), Plastipak Holdings, Inc. (US), RESILUX NV (Belgium), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Zhuhai Zhongfu Enterprise Co. Limited (China), Societe Generale des Techniques (France), Indorama Ventures Public Company Limited (Thailand), KOKSAN Pet Packaging Industry Co. (Turkey), Taiwan Hon Chuan Enterprise Co., Ltd (Taiwan), and Rawasy Al Khaleej Plastic Ind. (UAE), and Others.

Market Drivers:

The increasing health awareness among people has caused a rise in the demand for wholesome beverage options. This includes natural juices and bottled water. This market behaviour is propelling the demand for PET preforms in packing these goods.
Moreover, the incorporation of technologies like Industry 4.0 and automation in the manufacturing procedures can improve effectiveness, lower manufacturing costs and enhance the overall quality of PET preforms. Also, customer preferences are changing like the shift to premium packing or functional beverages are providing potential opportunities for designing and innovating PET preforms.
Promotion and brand recognition are significantly boosted by packaging. The industry players are gaining a competitive advantage in the market by creating attractive and innovative packing products from PET preforms.
Furthermore, the market is likely to experience significant growth in the coming years. The increased demand for packed products and beverages is generally associated with patterns in urbanization. Also, because of hectic schedules urban people depend more on lightweight PET bottles with portable packaging. The development of biodegradable PET substitutes is encouraged by the growing focus on ecological sustainability. Industry players are exploring and implementing these alternatives to enter into the untapped niche market.

Market Restraints:

The PET preforms market growth is restricted by alternative packaging materials. These are more environmentally friendly. For example, glass, metal and bio-based polymers. The acceptance of substitutes fuelled by the developments in regulations and consumer preferences.
The price of raw materials changes depending on world markets. PET preform makers' profit margins are impacted by price volatility.
The usage of plastics and also especially in single-use plastics like PET bottles is subject to strict restrictions and growing environmental awareness, which has raised scrutiny and pressure on the industry to adopt more sustainable practices. These worries have put the conventional usage of PET in the packaging sector under pressure and sparked a move towards eco-friendly packaging options and recycling programmes. Manufacturers in the PET performs market confront challenges as regulations become more stringent and consumer tastes shift towards sustainable packaging solutions. These challenges stem from the requirement to comply with environmental standards and meet evolving market needs.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/pet-preforms-market

Key Insights from The Report:

• Based on neck size, the 28mm segment led the market and accounted for the largest share of the global market in 2023.
• Based on application, the carbonated drinks segment occupied the majority of the global market share in 2023.
• Asia-Pacific dominated the PET Preforms Market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the North America region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Neck Size
• 25mm
• 28mm
• 29mm
• 30mm

By Application
• Carbonated drinks
• Bottled water
• Other drinks
• Edible oil
• Food items

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year, and Forecast Periods
1.4 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline

3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market

5. Market Segmentation
5.1 PET Preforms Market By, Type
5.1.1 Introduction
5.1.2 Type 1
5.1.3 Type 2
5.1.4 Type 3
5.1.5 Type 4
5.1.6 Type 5
5.1.7Y-o-Y Growth Analysis, By Type
5.1.8Market Attractiveness Analysis, By Type
5.1.9Market Share Analysis, By Type
5.2 PET Preforms Market By, Application
5.2.1 Introduction
5.2.2 Carbonated Soft Drinks
5.2.3 Water
5.2.4 Food
5.2.5 Non-Carbonated Drinks
5.2.6 Cosmetics & Chemicals
5.2.7 Pharma & Liquor
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application

6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa

7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis
8.1 Retal Industries Ltd.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Plastipak Holdings Inc
8.3 Resilux NV
8.4 Alpha Werke Alwin Lehner GmbH & Co KG
8.5 Zhuhai Zhongfu Enterprise Co. Ltd
8.6 Societe Generale Des Techniques
8.7 Indorama Ventures Public Company Limited
8.8 KOKSAN Pet Packaging Industry Co
8.9 Taiwan Hon Chuan Enterprise Co. Ltd.
8.10 Raawasy AI Khaleej Plastic Ind.

9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches

Chapter 10. Market Outlook and Investment Opportunities

11. Appendix
a) List of Tables
b) List of Figures

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