ASEAN PET Preform Market is Supposed to Rise at a CAGR of 5.4% from 2025 to 2035 | FMI

The PET preform market in the ASEAN region is witnessing significant growth, driven by the robust demand from the beverage sector. According to the latest market forecast, the sales of PET preform in ASEAN are expected to reach USD 875.0 million by 2025 and are projected to grow to USD 1,480.5 million by 2035, marking a remarkable CAGR of 5.4% during the forecast period from 2025 to 2035.

In 2024, the PET preform industry in ASEAN generated USD 846.2 million in revenue, demonstrating a healthy increase of 5.2% year-over-year growth. This positive trend is expected to continue as demand for PET bottles, particularly in the beverage sector, continues to rise.

The region is increasingly relying on PET packaging for its light weight, durability, and recyclability-making it a preferred material for a wide range of beverages including water, carbonated soft drinks, juices, and ready-to-drink (RTD) beverages.

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Key Drivers of Growth in the PET Preform Market

The primary driver of the PET preform market's growth in ASEAN is the expanding beverage industry. The beverage sector continues to be one of the largest consumers of PET bottles, as manufacturers increasingly prioritize sustainability and convenience. With a rise in consumer demand for bottled water, soft drinks, and juices across ASEAN countries, PET bottles remain the packaging material of choice due to their ability to preserve product quality while offering cost-effective and environmentally friendly solutions.

The increased production of RTD beverages, which are rapidly gaining popularity among busy consumers looking for quick, on-the-go options, also plays a pivotal role in driving the demand for PET preforms. As consumer preferences shift toward healthier drink options, such as fruit juices and flavored waters, beverage producers are leaning toward PET packaging as an ideal solution for these fast-moving goods.

Sustainability Efforts Driving Packaging Trends

Sustainability is another crucial factor propelling the growth of the PET preform market. As governments across the ASEAN region introduce stricter regulations and sustainability standards for packaging materials, companies are prioritizing environmentally friendly options.

PET bottles are not only recyclable but are also lightweight, which helps to reduce carbon footprints during transportation. The push for circular economies and improved recycling programs has led to greater investment in PET recycling facilities, ensuring that PET preforms are a key player in the future of sustainable packaging solutions.

Furthermore, the trend toward producing bottles made from recycled PET (rPET) is gaining traction. More manufacturers are incorporating rPET into their production processes, aligning with global efforts to reduce plastic waste and support the growing demand for sustainable packaging. This shift is expected to further bolster the market for PET preforms, as companies in ASEAN adapt to meet both consumer expectations and regulatory requirements.

Regional Market Insights

The ASEAN region, comprising countries such as Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Vietnam, offers immense growth potential for the PET preform market. The region's expanding middle class, increasing urbanization, and rising disposable incomes are contributing to a growing demand for bottled beverages.

This demographic shift is particularly evident in fast-growing countries such as Indonesia and Vietnam, where consumer spending on packaged drinks is accelerating.

Competitive Landscape and Future Outlook

The competitive landscape of the ASEAN PET preform market is fragmented, with numerous local and international manufacturers operating in the region. Companies are focusing on technological advancements, such as the development of lighter, stronger, and more sustainable PET preforms.

Key Players of the ASEAN PET Preform Industry

• Duy Tan Plastics Manufacturing Corporation
• Ennai Plastics Malaysia
• Hon Chuan Group
• RETAL
• Resilux NV
• Alpla
• Koksan
• Eskapet
• Seda de Barcelona
• Amraz Group

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Key Segments of the PET Preform Industry

By Capacity:

In terms of capacity, the industry is divided into up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, and more than 2000 ml.

By Neck Type:

In terms of neck type, the industry is segregated into ROPP/BPV, PCO/BPF, Alaska/Bericap/Obrist, and Others.

By End Use:

The market is classified by end use such as beverage, food, personal care, pharmaceuticals, home care. Beverages are sub categorised as bottled water, carbonated drinks, RTD tea and coffee, juice, sports drinks, other soft drinks, and alcoholic drinks.

By Sub-Region:

Key countries of Indonesia, Thailand, Malaysia, Philippines, Vietnam, Myanmar, Singapore, and Rest of ASEAN have been covered in the report.

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This release was published on openPR.