LONDON, July 24, 2017 /PRNewswire/ -- "PET preforms
market to grow at a CAGR of 5.31% (2017-2022)"
The global PET preforms market is projected to reach USD 23.35 billion by 2022, at a CAGR of 5.31%
between 2017 and 2022. The increased demand for PET preforms in
different applications, such as carbonated soft drinks, water, food
(oil/sauces), cosmetics & chemicals, pharma & liquor, and
others acts as a key driving factor influencing the growth of the
global PET preforms market. However, due to the growing awareness
about health, customers are moving from sugary beverages and
inclining more towards healthier options such as juices, bottled
water, and sports and energy drinks, which is affecting the
carbonated soft drinks market. This might act as a restraint for
the growth of the PET preforms market.
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"Type 2 (Alaska/Bericap/Crown
Obrist/Others) PET preforms segment is expected to be the
fastest-growing type during the forecast period"
Type 2 (Alaska/Bericap/Crown
Obrist/Others) PET preforms segment expected to be the
fastest-growing type segment of the global PET preforms market
during the forecast period, in terms of volume. The growth in this
segment is directly related to the rising demand for packaged water
bottles due to the changing drinking habits of the people regarding
drinking hygienic water. Thus, the rising demand for packaged
drinking water acts as a key driver for the Type 2 PET preforms
market.
Carbonated soft drinks application is expected to be the
fastest-growing application segment during the forecast
period
The carbonated soft drinks application segment is expected to be
the fastest-growing application segment in the global PET preforms
market during the forecast period, in terms of volume. The growth
in the PET preform market is directly related to the activities in
the carbonated soft drinks market. The rising demand for carbonated
soft drinks acts as a key driver for the PET preforms market.
"Asia Pacific expected to be
the largest market for PET preforms"
Asia Pacific is expected to be the
largest market for PET preforms. The PET preforms market in this
region is expected to register the highest growth, owing to the
high demand for PET preforms from countries such as Japan, China,
and India. China is estimated to be the largest market
for PET preforms in Asia Pacific,
followed by Japan and India. However, India is projected to be the fastest-growing
market for PET preforms in this region. The growth of application
industries such as carbonated soft drinks, water, food,
non-carbonated drinks, pharma & liquor, and others has led to
the increased demand for PET preforms in this region.
Extensive primary interviews were conducted to determine and verify
the market size for several segments and subsegments gathered
through secondary research.
The break-up of primary interviews is given below.
• By Company Type: Tier 1 – 43%, Tier 2 – 30%, and Tier 3 – 27%
• By Designation: C Level – 40%, Director Level – 23%, and Others –
37%
• By Region: North America – 27%,
Europe – 19%, Asia Pacific – 43%, South America – 6%, and Middle East & Africa – 5%
The companies profiled in this market research report are Retal
Industries Ltd. (Cyprus),
Plastipak Holdings, Inc. (US), RESILUX NV (Belgium), ALPLA Werke Alwin Lehner GmbH &
Co KG (Austria), Zhuhai Zhongfu
Enterprise Co. Limited (China),
Societe Generale des Techniques (France), Indorama Ventures Public Company
Limited (Thailand), KOKSAN Pet
Packaging Industry Co. (Turkey),
Taiwan Hon Chuan Enterprise Co., Ltd (Taiwan), and Rawasy Al Khaleej Plastic Ind.
(UAE).
Research Coverage:
This research report categorizes the global PET preforms market
based on type, application, and region. The report includes
detailed information regarding major factors influencing the growth
of the global PET preforms market, such as drivers, restraints,
challenges, and opportunities. A detailed analysis of key industry
players has been done to provide insights on business overviews,
products & services, key strategies, investments &
expansions, mergers & acquisitions, and other recent
developments associated with the market.
Reasons to Buy the Report:
The report will help market leaders/new entrants in this market in
the following ways:
1. This report segments the global PET preforms market
comprehensively and provides the closest approximations of market
sizes for the overall market and its subsegments across
regions.
2. The report will help stakeholders understand the pulse of the
market and provide them information on key market drivers,
restraints, challenges, and opportunities.
3. This report will also help stakeholders understand major
competitors and gain insights to enhance their competitive
positions in the market. The competitive landscape section includes
major industry players from all the regions contributing to the
market. The landscape consists of top 25 companies ranked and
grouped based on their competency parameters, such as geographical
presence, recent strategic developments, and number of
employees.
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https://www.reportbuyer.com/product/5014866/
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