PET Preforms

PET Preforms

Global PET Preforms Market to Reach $23.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for PET Preforms estimated at US$18.8 Billion in the year 2020, is projected to reach a revised size of US$23.9 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Below 500 ml, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$7.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 500 - 1,000 ml segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 6% CAGR

The PET Preforms market in the U.S. is estimated at US$5.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2027.

1,000 - 2,000 ml Segment to Record 2.5% CAGR

In the global 1,000 - 2,000 ml segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.6% CAGR through the analysis period.

Select Competitors (Total 11 Featured) -

• Ahimsa Industries Limited
• Alpla Werke Alwin Lehner GmbH & Co., KG
• Caiba SA
• Eskapet Pet Product Ltd. Sti.
• Esterform Packaging Ltd.
• Gtx Hanex Plastic Sp. Z O.O.
• Indorama Ventures Public Company Limited
• INTERGULF - EMPOL
• KOKSAN Pet Packaging Ind. Co.
• Manjushree Technopack Limited Co.
• National Polyplast (India) Ltd.
• Novatex Limited
• Nuovaplast S.R.L.
• Plastipak Holdings, Inc.
• Rawasy Al Khaleej Plastic Industries
• Resilux NV
• Retal Industries Ltd.
• S.C. Petstar Holding S.R.L. (Romania)
• SNJ Synthetics Limited
• Societe Generale Des Techniques (Sgt)
• Sunrise Containers Ltd.
• Taiwan Hon Chuan Enterprise Co., Ltd.
• Uab Putoksnis
• Ultrapak Manufacturing Company Ltd.
• Zhuhai Zhongfu Enterprise Co. Limited.

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