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PET Preform Machines Market Size

  • Report ID: GMI6315
  • Published Date: Jul 2023
  • Report Format: PDF

PET Preform Machines Market Size

PET Preform Machines Market size was valued at USD 8.4 billion in 2022 and is estimated to witness 5.7% CAGR from 2023 to 2032. The increasing demand for PET bottles and containers in various industries, including beverages, food, personal care, and pharmaceuticals, fuels the need for efficient PET preform machines to produce a large volume of preforms. The beverage industry is a major consumer of PET bottles, and the rising popularity of bottled water, carbonated drinks, juices, and energy drinks drives the demand for PET preform machines.

 

The packaging industry's focus on sustainability and cost-effectiveness has led to a trend of adopting lightweight PET bottles, which requires high-speed and precision PET preform machines for efficient production.

 

PET preform machines require a substantial initial investment, which can be a significant barrier for small and medium-sized enterprises (SMEs) or companies entering the market. Fluctuating raw material prices, especially for steel, aluminum, and advanced components used in PET preform machines, can impact manufacturing costs and profitability. The PET preform machines market is highly competitive, with several established players and new entrants vying for industry share. Intense competition can lead to price wars and profit margin pressure.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of PET preform machines reached USD 8.4 billion in 2022 and will reach USD 14.7 billion by 2032.

The single-phase segment was nearly USD 5.2 billion in 2022 and is expected to grow as it has faster production cycles, meeting the demand for higher productivity.

U.S. market accounted for a revenue of USD 1.76 billion in 2022 and will expand at a significant pace from 2023 to 2032, owing to the expanding beverage industry, with high demand for bottled water, carbonated drinks, juices, and energy drinks.

Husky Injection Molding Systems Ltd. (Canada), Sacmi Imola S.C. (Italy), Nissei ASB Machine Co., Ltd. (Japan), SIPA S.p.A. (Italy), Ferromatik Milacron India Pvt. Ltd. (India), H-PET Personalengesellschaft mbH (Germany), PET All Manufacturing Inc. (Canada), SANTSAI MACHINERY (China).

PET Preform Machines Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 301
  • Countries covered: 21
  • Pages: 150
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