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PET Preform Machines Market Trends

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

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PET Preform Machine Market Trends

The demand for high-speed and high-output PET preform machines was rising due to the need for increased production efficiency and capacity. These machines allowed manufacturers to meet the growing demand for PET bottles and containers in various industries. The packaging industry's focus on sustainability and cost-effectiveness drove the trend of lightweighting PET bottles. PET preform machines were designed to produce thinner and lighter preforms, resulting in material savings and reduced environmental impact. Thus, the growing prevalence of chronic and blood-related disorders is expected to expedite the market demand.

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).