The global PET preform market is valued at US$ 15.2 billion in 2022 and is expected to grow at a CAGR of 3.9% during the forecast period to reach a value of US$ 22.28 billion by 2032.
The PET preforms market is projected to grow at a CAGR of 3.8% by 2024. Several prominent segments are driving high demand for PET preforms to meet consumer demands, such as food and beverage, personal care, pharmaceuticals, and home care.
The use of PET preforms is growing due to the increasing use of packaged beverages. PET preforms are used in food and beverage packaging, pharmaceutical packaging, home care packaging, personal care packaging, and home appliance packaging. In addition to edible oil, cleaning solutions and other products, PET preform is also used in the packaging of domestic products.
In the global PET preforms market, Asia Pacific is a key region. With the growth of the economies of Japan, China and India and the organic growth of end-use industries such as purified water, soft drinks, medicinal alcohol, and food and beverages, the plastics industry in this region has flourished. As a result, the market for PET preforms has grown significantly. Europe and North America may also compete for the top spot in the global market for PET preforms.
