PET Preform Market

Industry Overview

The PET Preforms Market Size is forecast to reach $ 27848 Million by 2030, at a CAGR of 3.80% during forecast period 2024-2030. PET (polyethylene terephthalate) Preforms are products derived from polyamide namely polyethylene terephthalate which is a mixture of ethylene glycol and purified terephthalic acid.

The preforms are mainly used for manufacturing bottles and containers which are used for packaging pharmaceutical, cosmetics products and food & beverage items such as carbonated drinks, mineral water and ready-to-drink items such as juices & soft drinks.

High demand for PET preforms in packaging applications in food & beverage, medical & pharmaceutical and cosmetic & personal care sectors is driving the PET preforms industry. Factors such as high demand for beverages, bolstering the growth of the cosmetic & personal care sector and an increase in the sale of medicine have provided growth opportunities to the PET preforms market.

Asia-Pacific dominates the PET Preform Industry on account of the rapidly growing food & beverage and cosmetic & personal care sectors which are significantly influencing the market growth in the region.

High-performance properties provided PET Preforms an advantage in comparison with conventional packaging materials such as glass and metals, thereby positively impacting the PET preforms industry outlook.