The PET preforms market is likely to record 3.8% growth by 2024. Prominent verticals such as food and beverage, personal care, pharmaceuticals and home care are generating massive demand for PET preforms solutions to meet the consumers’ demands. The global PET Preforms market is meant to witness a CAGR of 3.9% between 2022 and 2030, reaching US$ 21.9 Bn.
PET preforms market is projected to reach over US$ 21.9 Bn by 2030. Alaska/Bericap/Obrist neck type PET preforms at the growth forefront. Beverages vertical to remain a prominent end user of PET preforms and are expected to witness an expansion of ~1.4x of its current market value by 2030.
PET Preforms Market – Key Highlights
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PET Preforms Market – Drivers
PET Preforms Market – Restraints
COVID-19 Impact on the Market
The PET preforms market is foreseeing a significant drop in demand due to COVID-19 led lockdowns all over the world. Shortage of raw materials, supply chain disruptions, and absence of skilled workers and labors from plants have been few factors that impacted the market. However, the PET preforms demand will foresee significant expansion in the 1st quarter of 2021, as production activities recommence and PET preforms demand from end user sectors reinstates to normal.
Major players identified in the PET preforms market are
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Key Segments Covered in PET Preforms Industry Research
PET Preforms Market by Capacity:
PET Preforms Market by Neck Type:
PET Preforms Market by End-use:
PET Preforms Market by Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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