What is Global PET Preform Making Machine Market?
The Global PET Preform Making Machine Market is a vast and dynamic sector that plays a crucial role in the packaging industry. PET, or Polyethylene Terephthalate, is a type of plastic that is widely used in the production of various consumer goods, including bottles for beverages, personal care products, and cosmetics. The PET Preform Making Machine is a device that manufactures these PET preforms, which are then blown into the desired shape to create the final product. The global market for these machines was valued at a substantial US$ 1366.4 million in 2023, and it is projected to grow even further, reaching an estimated value of US$ 1650.2 million by 2030. This growth is driven by the increasing demand for PET products in various sectors, including the beverage industry, personal care and cosmetics, and other consumer goods.
Hydraulic Type, Electric Type, Hybrid Type in the Global PET Preform Making Machine Market:
The Global PET Preform Making Machine Market is segmented into three main types based on the technology used: Hydraulic, Electric, and Hybrid. Hydraulic machines are traditional and widely used due to their high force generation capacity and cost-effectiveness. However, they are gradually being replaced by electric and hybrid machines, which offer higher precision, speed, and energy efficiency. Electric machines use electric motors for all movements, resulting in faster cycle times and lower energy consumption. Hybrid machines, on the other hand, combine the best features of hydraulic and electric technologies, offering a balance of performance and cost. Each of these types has its own advantages and applications, contributing to the diversity and versatility of the PET Preform Making Machine Market.
Consumer Goods, Personal Care & Cosmetics, Bottled Water & Beverages, Others in the Global PET Preform Making Machine Market:
The Global PET Preform Making Machine Market finds its applications in various sectors, including Consumer Goods, Personal Care & Cosmetics, Bottled Water & Beverages, and Others. In the Consumer Goods sector, PET preforms are used to manufacture packaging for a wide range of products, from food items to household cleaning products. In the Personal Care & Cosmetics sector, they are used to create containers for products like shampoos, lotions, and makeup. The Bottled Water & Beverages sector is the largest consumer of PET preforms, using them to produce bottles for water, soft drinks, juices, and other beverages. Other sectors also use PET preforms for various purposes, contributing to the overall demand in the Global PET Preform Making Machine Market.
Global PET Preform Making Machine Market Outlook:
In 2023, the Global PET Preform Making Machine Market was valued at a significant US$ 1366.4 million. The market is expected to grow at a steady pace, with projections indicating a value of US$ 1650.2 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2024 to 2030. The Bottled Water & Beverages sector was the most significant contributor to this market, accounting for about 74% of the global total in 2019. Furthermore, the Asia Pacific region dominated the global market, holding a 60% share in 2019. These figures highlight the importance and potential of the Global PET Preform Making Machine Market.
| Report Metric | Details |
| Report Name | PET Preform Making Machine Market |
| Accounted market size in 2023 | US$ 1366.4 million |
| Forecasted market size in 2030 | US$ 1650.2 million |
| CAGR | 2.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
