PET Preform Machine Market Business Revenue Forecast, Leading Competitors and Growth Trends 2028

November 17 14:23 2021
PET Preform Machine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028

Despite many technological advancements, flexible packaging is not as efficient as rigid packaging in the handling of liquid products. PET being the nonhazardous, U.S. and European food & drug administration approved material, is used extensively for liquid packaging. PET preforms machines are used for manufacturing of PET bottles for beverages, bottled water, consumer goods, chemicals, pharmaceuticals and personal care & cosmetics end-use industries.

Production of PET bottle has risen from 300 Bn unit to 480 Bn during the last decade and is expected to expand further at CAGR of 4% during next decade and with the increasing demand for PET bottles, sales of PET preform machines is also expected to grow during the forecast period.

PET Preform Machine Market: Market Dynamics

Use of PET preforms machine adds an advantage for product manufacturers as it allows to offset the fluctuation in market demand for beverages and bottled water. Moreover, increasing sales of packaged goods and consumer preference for products packed in small quantity has increased the use of PET for packaging and positively influencing PET preform machine market. High speed and application in various end-use industries of PET preform machines are some other factors supporting the growth in PET preform machine market. However, high cost associated with PET preform machines may hamper the growth in PET preform machine market. Diminishing gap between the cost of single step PET blow molding machines and PET preform machine may further limit the use of PET preform machine.

PET Preform Machine Market: Company Developments and Industry Level Trends

Husky Injection Molding Systems Ltd. has innovated new multilayer preform technology for improving the barrier properties of its PET products.

S.I.P.A. S.p.A has developed world’s first PET preform machines for producing PET inline preforms

PET preform machinery manufacturers are focusing on developing systems suitable for producing light weight PET preforms, without altering the performance of the bottle, as the packaging industry is reducing its carbon footprint.

There have been technological advancements in PET preform machine market. With the development of electric press machine technology, manufacturers are now capable of reducing operation costs by cutting energy consumption.

PET Preform Machine Market: Market Segmentation

PET preform machine market is segmented by technology type, by orientation type, application type and end use industry.

Based on the technology type, PET preform machine market is segmented into:

  • Hydraulic
  • Mechanical
  • Electric
  • Pneumatic

Based on the orientation type, PET preform machine market is segmented into:

  • Linear
  • Rotary

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PET Preform Machine Market – Key Players:

Some major players of PET preform machine market are Magnum Group, Polymechplast Machines Ltd., Husky Injection Molding Systems Ltd., Toshiba Machine Co Ltd, Netstal-Maschinen AG, S.I.P.A. S.p.A, Global Plastech, Sacmi Imola S.C., Nissei Asb Machine Co., Ltd., Demark (Shanghai) Packaging Technology Co., Ltd., Pet All Manufacturing Inc., Iboplast Srl, OiMA, Ningbo Hautek Industries Co., Ltd., Powerjet Plastic Machinery Co., Ltd. and L&t-demag Plastics Machinery Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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