According to the research report titled ‘Global PET Preforms Market Size study, by Capacity (Up to 500 ml, 500 ml to 1000 ml, 1000 ml to 2000 ml, more than 2000 ml) by Neck Type (ROPP/BPV, PCO/BPF, Alaska/Bericap/Obrist, Others) by end use industries (Beverages, Food, Personal Care, Pharmaceuticals, Home Care, Others) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global PET preforms market is poised to record substantial gains by 2028.

The increased demand for recycled-PET packaging materials, rising awareness for sustainable recycling packaging materials, and the expanding food service sector are some of the major factors driving the expansion of the market for PET preforms.

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A preform is a term used to describe a packaging container created from PET material through the injection molding technique. Preforms differ in terms of shape, weight, color, and neck finish.

To cut down on the excessive carbon footprints, leading manufacturers in the beverage packaging space are quickly updating and improving their recycling programs. In addition, shifting preferences toward PET bottles created using recycled material is stimulating the overall industry outlook.

Leading beverage firms are also opting for recycled-PET material for their beverage bottles to improve their brand image and meet sustainability goals. For instance, the Coca-Cola Company obtained 7% of the resources it used overall from recycled sources.

However, fluctuating raw material costs and supply chain disruptions brought on by COVID-19 pandemic are likely to negatively impact the overall market growth in the ensuing years.

Worldwide PET preforms industry space is segmented based on capacity, neck type, end-user landscape, and regional analysis. By capacity, the market is divided into 500 ml, up to 500 ml, more than 200 ml, and 1000-2000ml.

In terms of neck type, this marketplace is segregated into ROPP/BPV, Alaska/Bericap/Obrist, PCO/BPF, and others. By end-user scope, the market is split into beverages, home care, personal care, food, pharmaceuticals, and others.

The geographical reach of this industry landscape extends to Asia-Pacific, Latin America, North America, Europe, and the rest of the world. Asia-Pacific PET preforms market is expected to witness continuous growth during the forecast timeline, owing to growing pharmaceuticals and beverages sectors in the region.

The leading companies of the global PET preforms business sphere are Retal Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co. KG, Rawasy Al Khaleej Plastic Ind., Plastipak Holdings, Inc., Zhuhai Zhongfu Enterprise Co. Limited, Taiwan Hon Chuan Enterprise Co., Ltd., RESILUX NV, KOKSAN Pet Packaging Industry Co., Indorama Ventures Public Company Limited, and Societe Generale des Techniques.