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.
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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 the many 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.
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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