PET products have various properties such as light weight, long shelf life, and are easy to handle, owing to these advantages PET products are widely used in packaged food & beverages industries. PET products are widely used in healthcare and cosmetics industries, due to the innovations in packaging industry.
Among neck size segments, 28mm segment in the global PET preforms market is estimated to account for a majority revenue share of US$ 5,817.5 Mn in 2017, owing to its wide application across soft drinks, food items, cosmetics, and others. These preforms are used for producing bottles sizes ranging between 200 ml and 1500ml, and more.
Among the application segments, carbonated drinks segment is expected to account for US$ 5,507.4 Mn in 2017. Increasing demand for pack weight reduction, the rise in consumption of carbonated soft drink, and new product developments are some of the major drivers for the growth of PET preform market.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to account for major revenuce share of US$ 6,079.4 Mn in 2017.
Key players in the global market are Retal Industries LTD., Plastipak Holdings, Inc., RESILUX NV, Taiwan Hon Chuan Enterprise Co., Ltd., Zhuhai Zhongfu Enterprise Co. Ltd., Rawasy Al Khaleej Plastic Ind., Societe Generale des Techniques, Indorama Ventures Public Company Limited, ALPLA Werke Alwin Lehner GmbH & Co KG, and KOKSAN Pet Packaging Industry Co.