Polyethylene terephthalate (PET) preforms
are essentially unfinished products formulated by injection molding of
polyethylene terephthalate. The latter is a widely available
thermoplastic polyester. The global PET preforms market is growing
steadily and is expected to maintain the momentum in the next couple of
years. One reason behind it is the various unique perceived benefits of
PET. It is stiff, strong, and dimensionally stable. Further, it is water
and chemical resistant. It is highly transparent and colorless too.
Hence, it is increasingly replacing glass and metal bottles.
An upcoming report on the global PET
preforms market promises to be a valuable repository of information for
key stakeholders in it. This is because it is expected to throw light on
the growth drivers and restraints, competitive dynamics, and various
segments in the market.
Global PET Preforms Market: Key Trends
In the near term, the global PET
preforms market would rise owing to themany advantages of PET products.
Foremost among them is their long shelf life and light weight. They are
easy to handle as well. This has made them extremely popular in the food
and beverage industry. The products are also finding massive uptake in
the cosmetic and healthcare industries that are constantly on the
lookout for innovative packaging.
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The global PET preforms market could
also receive a fillip from the increasing consumption of carbonated and
other drinks. Another factor that is believed be fuelling the market is
the continued thrust on product development. Manufacturers and
independent research bodies are coming up with better techniques to
churn out more evolved products. Thanks to such initiatives, PET bottles
are finding usage in a range of areas. Those include carbonated soft
drink (CSD) bottles, water bottles, food packaging, oil/edible oil
bottles, alcoholic drinks bottles, juice and milk bottles, and chemicals
and pesticides bottles.
Posing a challenge to the global PET
preforms market, on the flipside, are the strict rules restricting
plastic usage. This is because plastic is considered non-biodegradable.
Not just government bodies, but NGOs and other organizations too are
creating awareness about the need to recycle plastic or limit their
usage. Despite such challenges, the global PET preforms market is set to
rise owing to the massive demand for PET bottles from different end use
industries. This is because of the rising urbanization, disposable
incomes, and consumerism.
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