Published on : Aug 09, 2018
Albany, New York, August 9, 2018: Market Research Hub (MRH) has freshly publicized a study titled “PET Preforms Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment, 2018 – 2028” to its online repository, which offers a clear picture of the current market scenario of PET preforms, along with its future growth prospects till 2028. This 250-page in-depth report reveals insight into the crucial aspects of the global market important segments, competitive landscape and major factors fueling growth. Also, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA.
About PET preforms, it has been stated that these are perhaps the most popularly mini-bottles, which is soaring in demand in the beverage industry. Analysts of the report found that developed regions will continue to experience rising demand for PET preforms due to continued consumption of bottled water. As per the active research evaluations, the market for PET preforms will moderate a CAGR of 4.6% during the mentioned forecast period of 2018-2028, and attain the revenues beyond US$ 25 Bn by the end of 2028.
In the market overview section, an in-depth qualitative assessment of factors that are responsible for driving and limiting the growth of this market and for its future opportunities has been presented. As per the research, although the market is expected to witness stable growth due to growing beverage consumption, increasing health consciousness among people in developed regions may still hinder the growth of market. On the other hand, the PET preforms market is expected to be dominated by beverage industry in terms of end user. This segment is expected to hold a market value of over US$ 22 Bn by the end of 2028, growing at a CAGR of 4.4% during the forecast period. Other end-use industries where the PET preforms market has wide scope include packaging applications, pharmaceuticals, personal care, home care, and food.
Globally, beverage brands are preferring PET preforms while packaging their products in order to achieve safe and convenient transport over long distances. This will remain a major factor boosting the performance of market over the next few years.
Above all, company profiles of the market participants are deliberated in the final chapters of the report. This information is merged with awareness about recent developments achieved by these market participants. At present, key players in the market include Esterform Packaging Limited, Amraz Group, Societe Generale Des Techniques (SGT), Taiwan Hon Chuan Enterprises Co., Ltd., Resilux NV, PDG Plastiques S.A.S, Zhongfu Enterprise Co Ltd., Koksan AS, Rawasy Al Khaleej Plastic Ind, and Gatronova Industries etc.
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