According to the report published by Allied Market Research, the PET preforms market was valued at $27.8 billion in 2021 and is estimated to reach $42.8 million by 2031, exhibiting a CAGR of 4.5% from 2022 to 2031.
The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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The major players operating in the global PET preform market 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 several innovative strategies to increase their market share.
Covid-19 Scenario-
The packaging industry experienced a significant decline in demand for PET preform due to the COVID-19 pandemic, which led to disruptions in the supply chain and the enforcement of lockdown measures in various countries.
However, as the industry has begun to resume its production process smoothly, the demand for PET preform has gradually increased, indicating a positive trend in the post-COVID era.
The PET preform market is segmented based on type, neck size, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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On the basis of neck type, the standard PCO segment was the largest revenue contributor in 2021, holding more than one-fourth of the total market share. The same segment and is also anticipated to register the highest CAGR of 4.9% during the forecast period. The ROPP, alaska, and CTC performs segments are also analyzed in the study.
On the basis of neck size, the 28 Mm segment contributed to the major share in 2021, holding around half of the global PET preform market revenue. The same segment would also register the fastest CAGR of 4.8% during the forecast period. The other segments analyzed through the report include 25, 29, and 30.
On the basis of application, the carbonated soft drinks segment accounted for the highest share in 2021, generating more than one-fourth of the global PET preform market revenue. The same segment would also cite the fastest CAGR of 4.9% during the forecast period. The other segments discussed in the report include water, food, non-carbonated drinks, and cosmetics & chemical.
By region, Asia-Pacific garnered the major share in 2021, generating nearly two-fifths of the global PET preform market revenue. The same region would also showcase the fastest CAGR of 4.9% during the forecast period. The other provinces studied through the report include North America, Europe, and LAMEA.
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