Global PET Preform Machine Market is expected to reach US$ 12 Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
PET Preform Machine Definition:
Polyethylene terephthalate, commonly abbreviated PET, is the most common thermoplastic polymer resin of the polyester family and is used in fibers for clothing, containers for liquids and foods, thermoforming for manufacturing.
Global PET Preform Machine Market Dynamics:
PET bottles are more durable, transparent, lightweight, non-reactive, cost-effective, and thermally stable. Moreover, they are environment-friendly and can be recycled repeatedly which further reduces their manufacturing cost. Primarily used in the packaging of drinking water and beverages, PET bottles are also gaining prominence as a packaging solution for salad dressings, household cleaners, medicines, dish detergents, and mouthwashes.
The rising trend of westernization, inflating disposable incomes, and altering food patterns of consumers have increased the demand for bottled beverages, particularly in developing countries like India and China, which is expected to boost the growth of the Global PET Preform Machine Market.
Preform design is of critical importance in beverage packaging. Every gram saved will deliver a long-term reduction in production costs. Then again, designing complete preform families that share design features while covering a range of container sizes will reduce the cost of mold conversion kits thereby boosting the growth of the Global PET Preform Machine Market
The demand for PET blow molded items is increasing, on an everyday basis. A lot of consumer products are packed in PET molded items.
Hence, the market potential is not a hurdle for any new entrepreneurs as the personal care sector is growing rapidly. The consuming sector such as shampoo and other personal care products are growing at the rate of 14% per annum. PET is a popular choice of packaging for beverages such as soft drinks and bottled water, owing to its advantages including ease of molding into desired shapes, which is expected to boost the growth of the Global PET Preform Machine Market.
The straightforward stripping process and easy swap cooling plates mean that widely differing preform designs can be produced efficiently on the same machine. This includes special shapes such as wide-neck or pharmaceutical preforms. All that has to be done for a new preform shape is to swap the gripper and the cooling plates. It contributes to less time resulting in a time-saving advantage acting as a driver to the growth of the Global PET Preform Machine Market.
The high cost of the machine is expected to hamper the growth of the Global PET Preform Machine Market.
Global PET Preform Machine Market Segment Analysis:
The report groups the Global PET Preform Machine Market in different segments By Technology Type, end-use and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Based on End Use, the Global PET Preform Machine Market is segmented into Food and beverages, Pharmaceutical, Personal Care and Cosmetics, Chemical and Others. The Food and Beverages segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Primarily used in the packaging of water and beverages, PET bottles are also gaining shares in other industries like- juices, salad dressings, household cleaners, medicines, dish detergents, mouthwashes, etc. Being light in weight and easy to handle, they are preferred in the packaging of carbonated soft drinks (CSD’s) and are continuously replacing glass bottles due to their tendency to break and the inconvenience created while returning them after consumption.
Pharmaceutical preforms are often designed without a support ring to save weight and material costs. In a PET Form system, special preforms such as wide-neck or pharmaceutical preforms are stripped in the same way as standard preforms. Changing cooling plates and the gripper is fast and easy – each cooling plate is fixed by only 4 screws. There’s no need for extra fixtures to demould special preforms. The outcome is constantly good product quality, consistent machine operation, and maintenance for any type of preform, no need for expensive system modifications, which is expected to boost the PET Preform Machine Market in the pharmaceutical segment.
Based on technology type, the Global PET Preform Machine Market is segmented into Hydraulic, Mechanical, Pneumatic, and Electric.
The Asia Pacific is expected to command the largest market share of xx% by 2026
Asia Pacific region was the largest manufacturer of PET bottles globally, due to significant demand from China, India, and Japan. The region held a market share of 35% in 2018 in the global PET bottles market. Growing demand for PET bottles from various developing industries such as food and beverages, personal care industry is also driving the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global PET Preform Machine Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global PET Preform Machine Market dynamics, structure by analyzing the market segments and projects Global PET Preform Machine Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global PET Preform Machine Market make the report investor’s guide.
Scope of the Global PET Preform Machine Market:
Global PET Preform Machine Market Key Players:
• ALPLA Werke Alwin Lehner GmbH & Co KG
• Plastipak Holdings, Inc.
• RETAL Industries Ltd.
• Resilux NV
• Societe Generale Des Techniques (SGT)
• Taiwan Hon Chuan Enterprises Co., Ltd.
• Zhongfu Enterprise Co Ltd.
• Manjushree Technopack Limited Co.
• Logoplaste UK Ltd.
• Indorama Ventures Public Co., Ltd.
• Exelsior Packaging a.s.
• Husky Injection Molding Systems Ltd.
• Marck Hydraulics
• Pavan Zanetti Metallurgical Ind
• PET Technologies GmbH
• SACMI IMOLA S.C.
• S.I.P.A. S.p.A
• Shanghai lisong Plastic Machinery Technology Co., Ltd
• SMF Maschinenfabrik GmbH
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