Market Size of PET Preform Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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PET Preforms Market Analysis
The PET Preform Market size is expected to grow from 25.38 million tons in 2023 to 30.16 million tons by 2028, at a CAGR of 3.51% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The increasing demand from the food and beverage segment is the major factor driving the market growth. Moreover, the carbonated soft drinks and water segment is expected to drive the market further due to its high global demand.
- Conversely, the recycling issues due to large-scale waste production will likely hinder market growth.
- The increasing usage of recycled PET in the prefroms is expected to provide an opportunity to the market during the forecast period.
