PET Preforms Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
PET Preforms Market Analysis
The PET Preform Market size is expected to grow from 25.38 million tons in 2023 to 30.16 million tons by 2028, at a CAGR of 3.51% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The increasing demand from the food and beverage segment is the major factor driving the market growth. Moreover, the carbonated soft drinks and water segment is expected to drive the market further due to its high global demand.
- Conversely, the recycling issues due to large-scale waste production will likely hinder market growth.
- The increasing usage of recycled PET in the prefroms is expected to provide an opportunity to the market during the forecast period.
PET Preforms Market Trends
Carbonated Soft Drinks and Water to be the Largest Segment in the Market
- The rising demand from the carbonated soft drinks and water segment drives the PET preform market.
- PET preforms are utilized in the packaging of carbonated soft drinks because of their properties, including lightweight, simplicity, specialized execution, and longer shelf-life. Increasing carbonated and other soft drink consumption is further expected to propel the market.
- Like glass, PET is hygienic, strong, resistant to attack by microorganisms, does not react with different types of beverages, and will not biologically degrade. Its safety for beverage use is recognized by health authorities like European Directive EC 98/1983, US Environmental Protection Agency (EPA), UNESDA Soft Drinks Europe, European Food Safety Authority (EFSA), and World Health Organization (WHO) around the region.
- PET packaging solutions for carbonated soft drinks and water applications ensure maximum product integrity, spreading across the supply chain and optimizing the uptime and costs.
- In May 2022, Clearly Drinks Ltd invested about USD 7.45 million in the United Kingdom, which involved expanding to triple the production capacity. This investment is supported by the Sustainable Advanced Manufacturing(SAM) Project. In addition, in September 2021, Evian unveiled a new prototype container made of recycled plastic that uses cutting-edge technology from Loop Industries. It is a big step forward in Evian's circularity journey. It will see the company speed up the move to 100% recycled plastic in all of its plastic bottles by 2025.
- The carbonated soft drinks segment is expected to show a volume growth of 1.5% in 2023. The average volume per person in the segment was expected to amount to 24.99 l in 2022.
- All the factors above are expected to drive the PET preform market during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region holds a prominent share market share globally. It is expected to dominate the market during the forecast timeline.
- China includes one of the largest food industries in the world. The country is expected to witness consistent growth during the forecast period due to the rise of customized packaging in the food segment, like microwave, snack, and frozen foods, along with increasing exports.
- China's packaging industry is expected to grow tremendously, reaching USD 0.29 Trillion by 2025. Furthermore, according to Interpak, in China, in the foodstuff packaging category, total packaging is expected to reach 447 billion units in 2023. This positive momentum in the packaging industry is expected to ignite the market demand for PET preforms in the country.
- According to the National Bureau of Statistics of China, the total profit of the Chinese food industry in 2021 was about ~USD 90 billion, down from ~USD 90.37 billion the year before. Further, around USD 24.07 billion was contributed by the food manufacturing sector to the total profits.
- Furthermore, the revenue generated from alcoholic beverages in India was estimated to reach USD 51.5 billion in 2022, increasing from USD 44.34 billion in 2021, thus augmenting the studied market's growth.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
PET Preforms Industry Overview
The market for PET preform is consolidated. Some of the players in the market (not in any particular order) include Chemco and KÖKSAN Pet Packaging Ind. Co., Esterform, RETAL Industries Ltd, Esterform Ltd, and PLASTIPAK HOLDINGS INC.
PET Preforms Market Leaders
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KÖKSAN Pet Packaging Ind. Co.
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Retal Industries LTD
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PLASTIPAK HOLDINGS, INC
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Chemco
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Esterform
*Disclaimer: Major Players sorted in no particular order
PET Preforms Market News
- November 2022: Plastipak Packaging Inc. announced a major recycling investment at its manufacturing site in Toledo, Spain. The recycling facility converts PET flakes into food-grade recycled PET (rPET) pellets for direct use in new preforms, bottles, and containers.
PET Preforms Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from the Food and Beverage Application
- 4.1.2 High Consumption in Carbonated Soft Drinks and Water
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Recycling Issues due to Large-scale Waste Production
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Application
- 5.1.1 Carbonated Soft Drinks and Water
- 5.1.2 Food and Dairy
- 5.1.3 Personal Care
- 5.1.4 Alcoholic Beverages
- 5.1.5 Other Applications (Household Cleaning)
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Chemco
- 6.4.2 Esterform Ltd
- 6.4.3 Fresh Pet
- 6.4.4 Indorama Ventures Public Company Limited
- 6.4.5 KÖKSAN Pet Packaging Ind. Co.
- 6.4.6 OZEMBAL
- 6.4.7 PLASTIPAK HOLDINGS INC.
- 6.4.8 Polisan Hellas
- 6.4.9 RESILUX NV
- 6.4.10 RETAL Industries LTD
- 6.4.11 SGT
- 6.4.12 TPAC PACKAGING INDIA PRIVATE LIMITED
- 6.4.13 Varioform PET
- 6.4.14 Winley Polymers Pvt. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand from Developing Countries
- 7.2 Other Opportunities
PET Preforms Industry Segmentation
PET preforms are raw materials in the manufacturing process of ready-made packages and the final product for customers with technological possibilities of blowing bottles. They are more durable, smaller, and, thus, easier to transport. The PET preform market is segmented by application and geography. The market is segmented by application into carbonated soft drinks and water, food and dairy, personal care, alcoholic beverages, and other applications. The report also covers the market size and forecasts in 15 countries across the major regions. Each segment's market sizing and forecasts are based on volume (tons).
| Application | Carbonated Soft Drinks and Water | |
| Food and Dairy | ||
| Personal Care | ||
| Alcoholic Beverages | ||
| Other Applications (Household Cleaning) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
PET Preforms Market Research FAQs
What is the current PET Preform Market size?
The PET Preform Market is projected to register a CAGR of 3.51% during the forecast period (2024-2029)
Who are the key players in PET Preform Market?
KÖKSAN Pet Packaging Ind. Co., Retal Industries LTD, PLASTIPAK HOLDINGS, INC, Chemco and Esterform are the major companies operating in the PET Preform Market.
Which is the fastest growing region in PET Preform Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in PET Preform Market?
In 2024, the Asia Pacific accounts for the largest market share in PET Preform Market.
What years does this PET Preform Market cover?
The report covers the PET Preform Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the PET Preform Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
PET Preforms Industry Report
Statistics for the 2024 PET Preforms market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PET Preforms analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
