What is Global PET Preform Making Machine Market?
The Global PET Preform Making Machine Market is a comprehensive study of the current trends, growth indicators, and market dynamics that revolve around the production of PET preforms. PET preforms are essentially the first form of PET bottles that are later blown into the desired shape and size. The machines that produce these preforms are the subject of this market. The global market for these machines was valued at US$ 1366.4 million in 2022 and is projected to reach US$ 1650.2 million by 2029. This indicates a steady Compound Annual Growth Rate (CAGR) of 2.7% from 2023 to 2029.
Hydraulic Type, Electric Type, Hybrid Type in the Global PET Preform Making Machine Market:
The Global PET Preform Making Machine Market is segmented based on the type of machine used for the production of PET preforms. These include Hydraulic Type, Electric Type, and Hybrid Type machines. Each type has its own set of advantages and disadvantages, and their usage depends on various factors such as production volume, cost-effectiveness, and energy efficiency. Hydraulic machines are known for their robustness and high production capacity, but they consume more energy compared to electric and hybrid machines. Electric machines, on the other hand, are more energy-efficient and provide higher precision, but they may not be suitable for high-volume production. Hybrid machines combine the advantages of both hydraulic and electric machines, offering high production capacity with energy efficiency. However, they can be more expensive than the other two types. The choice of machine type depends on the specific requirements of the PET preform manufacturers.
Consumer Goods, Personal Care & Cosmetics, Bottled Water & Beverages, Others in the Global PET Preform Making Machine Market:
The Global PET Preform Making Machine Market also varies based on the end-use industries. These machines are widely used in industries such as Consumer Goods, Personal Care & Cosmetics, Bottled Water & Beverages, and Others. In the Consumer Goods industry, these machines are used for the production of PET preforms for packaging various products such as food items, household products, and others. In the Personal Care & Cosmetics industry, they are used for packaging products like shampoos, lotions, and cosmetics. The Bottled Water & Beverages industry is the largest user of these machines, accounting for about 74% of the global usage in 2019. These machines are used for producing PET preforms for water bottles, soft drink bottles, and other beverage bottles. Other industries that use these machines include pharmaceuticals, chemicals, and others.
Global PET Preform Making Machine Market Outlook:
In terms of geographical distribution, the Asia Pacific region dominated the Global PET Preform Making Machine Market in 2019, accounting for 60% of the global market. This can be attributed to the high demand for PET preforms in this region, driven by the growing consumption of bottled water and beverages. The region also hosts several key players in the PET preform making machine industry, further contributing to its dominant position in the market.
| Report Metric | Details |
| Report Name | PET Preform Making Machine Market |
| Accounted market size in 2022 | US$ 1366.4 million |
| Forecasted market size in 2029 | US$ 1650.2 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Shibaura Machine (Toshiba Machine), KraussMaffei(ChemChina), Husky Injection Molding Systems, Polymechplast Machines, SIPA, SacmiImola S.C., Nissei Asb Machine, Demark Holding Group, Pet All Manufacturing, Powerjet Plastic Machinery, CYPET Technologies, Jon Wai Machinery Works, Magnum Group, Ningbo Hautek Industries Co.,Ltd., Hisson Plastic Machinery Co.,Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
