The global pet preforms market size was valued at $23.0 billion in 2022, and is projected to reach $35.4 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
PET preforms can be used for the packaging of mineral water, juices, liquors, soft drinks, carbonated drinks, oils suitable for consumption, medicines, pickles, jams, and consumer products, and others. The small volume of PET preform contributes a lot to environmental measures and reduces costs. Another advantage of preforming is that it can be used to produce bottles and containers with various designs. It is enough to heat the preforms body to about 100 degrees Celsius and put it in the mold. It can be then shaped as desired with high-pressure air. Multilayer containers and bottles can also be made using preforms. These containers can prevent oxygen from entering and keep the food quality unchanged for an extended period. Moreover, the flavor and aroma of the substance that is inside is not lost.
Increase in consumption of carbonated and other beverages could further boost the Global PET preforms industry. For instance, according to Global Bureau of Statics, in 2019-20, an estimated 14.5 million tons of foods and non-alcoholic beverages were sold from supermarkets, grocery stores, convenience & specialty food stores, and fresh food markets, which was 4% more than previous year. The continuing focus on the development of product packaging using recyclable PET material is another reason that is thought to be fueling the industry. Manufacturers and independent research organizations are developing new techniques to manufacture products that are more advanced. Owing to recycling nature of PET preform, they are widely used in a variety of applications as they have a recycling nature including CSD bottles, water bottles, food packaging, oil/edible oil bottles, alcoholic drinks bottles, juice & milk bottles, and chemical & pesticide bottles.
On the other hand, severe restrictions prohibiting the use of plastic is a threat to the PET preforms industry. This is due to the fact that plastic is non-biodegradable. Not just governments, however, also NGOs and other organizations are raising awareness about the importance of recycling plastic or limiting its use. Despite these obstacles, the PET preforms market growth is expected to boost due to high demand for PET bottles from various end-use sectors owing to increased urbanization, disposable income, and consumerism. The PET preform market is segmented on the basis of neck type, neck size, application and region.
On the basis of neck type, global PET Preform market is classified into ROPP, Standard PCO, Alaska, CTC Preforms, and others. By neck size, the market is categorized into 25 Mm, 28 Mm, 29 Mm, 30 Mm and others. On the basis of application, the market is divided into carbonated soft drinks, water, food, non-carbonated drinks, cosmetics & chemical, and others. On the basis region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the standard PCO segment was the largest revenue contributor in 2022. Standard PCO (Plastic Closure Thread) PET preforms are a vital component in the beverage and packaging industry. These preforms play a crucial role in the production of plastic bottles, particularly for carbonated drinks, water, and various other liquid products. Standard PCO PET preforms are cylindrical-shaped, injection-molded plastic components made from PET (Polyethylene Terephthalate) resin. They are characterized by their threaded necks, designed to facilitate the sealing of bottles with compatible caps.
On the basis of neck size, the 28mm segment was the largest revenue contributor, in 2022. PET preforms with a 28mm neck size play a crucial role in various industries, particularly in the production of plastic containers and bottles. These preforms serve as the initial stage in the manufacturing process, where they are transformed into the final PET containers that we encounter in our daily lives. One of the most common uses of PET preforms with a 28mm neck size is in the production of bottled beverages. These preforms are the starting point for manufacturing a wide range of drinks, including water, soft drinks, juices, and more. The 28mm neck size is a standard in the industry and accommodates various types of closures and caps, making it suitable for different beverage categories.
On the basis of region, the Asia- segment was the largest revenue contributor in 2022. The market for PET preforms will rise at a faster rate because of technological development and increased product usage in the pharmaceutical sector. In addition, a continuous effort in product development will boost the market for PET preforms. Manjushree Technopack Ltd. and Taiwan Hon Chuan are some of the players operating in this region.
The major players operating in the PET preform market share include PLASTIPAK HOLDINGS, INC., Retal Industries LTD., RESILUX NV, Taiwan Hon Chuan, Manjushree Technopack Ltd., KOKSAN Pet Packaging Industry Co., Esterform Ltd, RAWASY, CAIBA, and Eskapet Pet Product Ltd. These players have adopted product launch as their key strategy to increase their market share.
PET preforms can be used for the packaging of mineral water, juices, liquors, soft drinks, carbonated drinks, oils suitable for consumption, medicines, pickles, jams, and consumer products, and others. The small volume of PET preform contributes a lot to environmental measures and reduces costs. Another advantage of preforming is that it can be used to produce bottles and containers with various designs. It is enough to heat the preforms body to about 100 degrees Celsius and put it in the mold. It can be then shaped as desired with high-pressure air. Multilayer containers and bottles can also be made using preforms. These containers can prevent oxygen from entering and keep the food quality unchanged for an extended period. Moreover, the flavor and aroma of the substance that is inside is not lost.
Increase in consumption of carbonated and other beverages could further boost the Global PET preforms industry. For instance, according to Global Bureau of Statics, in 2019-20, an estimated 14.5 million tons of foods and non-alcoholic beverages were sold from supermarkets, grocery stores, convenience & specialty food stores, and fresh food markets, which was 4% more than previous year. The continuing focus on the development of product packaging using recyclable PET material is another reason that is thought to be fueling the industry. Manufacturers and independent research organizations are developing new techniques to manufacture products that are more advanced. Owing to recycling nature of PET preform, they are widely used in a variety of applications as they have a recycling nature including CSD bottles, water bottles, food packaging, oil/edible oil bottles, alcoholic drinks bottles, juice & milk bottles, and chemical & pesticide bottles.
On the other hand, severe restrictions prohibiting the use of plastic is a threat to the PET preforms industry. This is due to the fact that plastic is non-biodegradable. Not just governments, however, also NGOs and other organizations are raising awareness about the importance of recycling plastic or limiting its use. Despite these obstacles, the PET preforms market growth is expected to boost due to high demand for PET bottles from various end-use sectors owing to increased urbanization, disposable income, and consumerism. The PET preform market is segmented on the basis of neck type, neck size, application and region.
On the basis of neck type, global PET Preform market is classified into ROPP, Standard PCO, Alaska, CTC Preforms, and others. By neck size, the market is categorized into 25 Mm, 28 Mm, 29 Mm, 30 Mm and others. On the basis of application, the market is divided into carbonated soft drinks, water, food, non-carbonated drinks, cosmetics & chemical, and others. On the basis region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the standard PCO segment was the largest revenue contributor in 2022. Standard PCO (Plastic Closure Thread) PET preforms are a vital component in the beverage and packaging industry. These preforms play a crucial role in the production of plastic bottles, particularly for carbonated drinks, water, and various other liquid products. Standard PCO PET preforms are cylindrical-shaped, injection-molded plastic components made from PET (Polyethylene Terephthalate) resin. They are characterized by their threaded necks, designed to facilitate the sealing of bottles with compatible caps.
On the basis of neck size, the 28mm segment was the largest revenue contributor, in 2022. PET preforms with a 28mm neck size play a crucial role in various industries, particularly in the production of plastic containers and bottles. These preforms serve as the initial stage in the manufacturing process, where they are transformed into the final PET containers that we encounter in our daily lives. One of the most common uses of PET preforms with a 28mm neck size is in the production of bottled beverages. These preforms are the starting point for manufacturing a wide range of drinks, including water, soft drinks, juices, and more. The 28mm neck size is a standard in the industry and accommodates various types of closures and caps, making it suitable for different beverage categories.
On the basis of region, the Asia- segment was the largest revenue contributor in 2022. The market for PET preforms will rise at a faster rate because of technological development and increased product usage in the pharmaceutical sector. In addition, a continuous effort in product development will boost the market for PET preforms. Manjushree Technopack Ltd. and Taiwan Hon Chuan are some of the players operating in this region.
The major players operating in the PET preform market share include PLASTIPAK HOLDINGS, INC., Retal Industries LTD., RESILUX NV, Taiwan Hon Chuan, Manjushree Technopack Ltd., KOKSAN Pet Packaging Industry Co., Esterform Ltd, RAWASY, CAIBA, and Eskapet Pet Product Ltd. These players have adopted product launch as their key strategy to increase their market share.
Key Findings Of The Study
- By form, the standard PCO segment was the highest revenue contributor and anticipated to register the highest CAGR of 5.0% during the forecast period.
- By neck size, the 28 Mm segment was the highest revenue contributor and is anticipated to register the highest CAGR of 5.3% during the forecast period
- By region, Asia-Pacific is expected to witness considerable CAGRs of 4.9%, during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pet preforms market analysis from 2022 to 2032 to identify the prevailing pet preforms market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pet preforms market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pet preforms market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Neck Size
- Lower
- 25 Mm
- 28 Mm
- 29 Mm
- 30 Mm
- 38 Mm
- Larger
By Type
- ROPP
- Standard PCO
- Alaska
- CTC Preforms
- Others
By Application
- Others
- Carbonated Soft Drinks
- Water
- Food
- Non Carbonated Drinks
- Cosmetics and Chemical
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Viet Nam
- Rest of Asia-Pacific
- Africa
- South Africa
- Egypt
- Rest Of Africa
- South America
- Brazil
- Argentina
- Rest Of South America
- Middle East
- Saudi Arabia
- UAE
- Rest Of Middle East
- Key Market Players
- Retal Industries LTD.
- Esterform Ltd.
- RAWASY
- PLASTIPAK HOLDINGS, INC.
- Manjushree Technopack Ltd.
- CAIBA
- Eskapet Pet Product Ltd.
- RESILUX NV
- Taiwan Hon Chuan
- KOKSAN Pet Packaging Industry Co.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PET PREFORMS MARKET, BY TYPE
CHAPTER 5: PET PREFORMS MARKET, BY NECK SIZE
CHAPTER 6: PET PREFORMS MARKET, BY APPLICATION
CHAPTER 7: PET PREFORMS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the pet preforms market was valued at $27.8 billion in 2021, and is estimated to reach $42.8 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.PET is the most widely utilized material to make preforms and bottles for carbonated soft drinks. The demand for PET preforms is expanding as a result of the rise in popularity of carbonated soft drinks, particularly among young people. PET preforms for carbonated soft drinks feature a unique design that increases their resistance to internal pressure, ensuring that the bottle keeps its functionality and form throughout transportation or refrigeration. Furthermore, the demand from consumers for portable drink options is growing leading to the expansion of the PET preforms market.
The extensive use of thermoplastic polymer as a packing material is due to a variety of its properties, including its glass-like transparency, lightness, flexibility, solid surface, and mechanical strength, which refers to its resistance to breaking even under the most trying transit conditions. PET withstands abrasion well. Furthermore, it exhibits resistance to diluted acids, alkaline solutions, fats, and oils.
PET preforms can be shaped and colored in any way because processing them is also quite simple, giving the finished product a pleasant and distinctive appearance. Specialized packaging is needed for carbonated soft drinks to preserve the carbonation that gives them their distinctive flavor. The barrier technologies make this possible so that consumers may appreciate the bubbly flavor of each carbonated beverage. Owing to these excellent features of the PET preforms, it is widely used in the production of carbonated soft drinks leading to the growth of the PET preforms market.
Furthermore, growing urbanization, increasing consumer desire for environmentally friendly packaging, and user safety concerns have emerged as key drivers that are expected to propel the PET preforms market growth during the forecasted period. Moreover, customers' busy lifestyles, evolving dietary preferences, growing global population, and processed & ready-to-eat food consumption have increased, leading to the increasing demand for PET preforms.
Food packaging is expanding significantly due to rising disposable income, declining household sizes, and population growth. PET preforms are widely used in the packaging of food. The market for PET preforms is expected to grow faster due to increased efficiency in preventing content contamination and improved shelf-life. The packaging of edible oil also makes use of PET preforms. The packaging of edible oils employs the non-crystallized neck finish preforms. These products do not require any additional processing and can be put directly into bottles. This improves the product's shelf life and reduces processing time overall.
PET is the ideal material for food packaging due to its durability, flexibility, impact resistance, low weight, and unmatched barrier qualities that ensure the food is kept free from outside contamination. PET preforms have barrier coated packaging that helps the food products retain their aroma, flavor, and nutritional value. Owing to these factors, the food segment is anticipated to boost the demand for PET preforms market during the forecast period.
Increased demand for PET preforms from wide range of end-use industries.
The pharmaceutical industry presents potential for PET preforms market in global. Moreover, there is a surge in the number of small and major pharmaceutical packaging companies in Global, which provide PET preforms producers with a chance to produce high-quality goods for various purposes. In addition, there is a growing knowledge of the benefits of PET preforms, which has raised their demand. This has led to a rise in pharmaceutical PET preforms production in the country. In addition, multinational firms wishing to participate in joint ventures and other mutually advantageous collaborations with counterparts may find the Global pharmaceutical industry interesting. Strong government backing, manufacturing and R&D incentives, rising per capita income, a growing middle-class population, and other factors all contribute to the attractive climate for pharmaceutical investments in Global. These reasons drive the global PET preforms market.
The PET preform market is segmented on the basis of type, neck size, application and region. On the basis of neck type, global PET Preform market is classified into ROPP, Standard PCO, Alaska, CTC Preforms, and others. By neck size, the market is categorized into 25 Mm, 28 Mm, 29 Mm, 30 Mm and others. On the basis of application, the market is divided into carbonated soft drinks, water, food, non-carbonated drinks, cosmetics & chemical, and others. On the basis region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include PLASTIPAK HOLDINGS, INC., Retal Industries LTD., RESILUX NV, Taiwan Hon Chuan, Manjushree Technopack Ltd., KOKSAN Pet Packaging Industry Co., Esterform Ltd, RAWASY, CAIBA, and Eskapet Pet Product Ltd. These players have adopted product launch as their key strategy to increase their market share.
Key findings
By type, the standard PCO segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 4.9% during the forecast period.On the basis of neck size, the 28mm segment was the largest revenue contributor, in 2021 and is anticipated to register the highest CAGR of 4.8% during the forecast period.
On the basis of application, the carbonated soft drinks segment was the largest revenue contributor, in 2021 and is anticipated to register the highest CAGR during the forecast period.
On the basis of region, the Asia- segment was the largest revenue contributor, in 2021 and is anticipated to register the highest CAGR during the forecast period.
Companies Mentioned
- Retal Industries LTD.
- Esterform Ltd.
- RAWASY
- PLASTIPAK HOLDINGS, INC.
- Manjushree Technopack Ltd.
- CAIBA
- Eskapet Pet Product Ltd.
- RESILUX NV
- Taiwan Hon Chuan
- KOKSAN Pet Packaging Industry Co.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 474 |
| Published | October 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 23 billion |
| Forecasted Market Value ( USD | $ 35.4 billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
