QYResearch: Global market for PET preforms is expected to reach 633.8 billion pcs by 2021

PET preforms are pre-production tubes made from PET resin that are used in an SBM machine to produce the final PET bottle.

According to QYResearch, The global PET preforms production market was 470 billion pcs in 2015 and is expected to grow at a CAGR of 5.1% from 2016 to 2021 The global PET preforms market was valued at USD 12.1 billion in 2015 and is expected to reach USD 13.9 billion by 2022. Overall, the PET preforms products performance is positive with the global economic recovery.

The technical barriers of PET preforms are relatively low, resulting in numerous manufacturing enterprises. In the market, there are some relatively large enterprises, such as RETAL, Plastipak, Alpla, Hon Chuan Group, Resilux NV, Zhuhai Zhongfu Enterprise, La Seda de Barcelona, Amraz Group, Zijiang Enterprise, and SGT. And their plants mainly distribute in Europe and Asia. Asia is the largest producer, more than 40% production share, followed by Europe with about 24% production share in 2015.

PET preforms have a wide range of applications. PET preforms are blown into bottles by preforms enterprises or by the customer, and then filled with water, soft drinks, edible oils, ketchup, detergents, milk, beer, wine, fruit juices, etc. With the increasing of global population and dispensable income, growing demand for consumer goods has driven the growth of global PET preforms market. The demand for PET preforms is expected to continue increasing during the remaining years of the forecast period of 2016-2021. PET preforms industry will usher in a stable growth space.

In the past few years, the price of PET preforms has sharply decreased and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of PET preforms.

As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in PET preforms industry will become more intense.

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