More report information will load here after submitting the form. PET Preform Market Size, 2022 To 2030 (USD Billion) While the impact of COVID-19 on the PET Preform Market is still unfolding, it is already clear that the pandemic is having a significant impact on the beverage industry. This growth provides an opportunity for suppliers to expand their businesses and capture a larger share of the market. As the beverage industry continues to grow, the demand for PET Preforms is expected to increase. Nestle Waters North America has announced that it will use 100% recycled PET (rPET) for all of its bottles by 2025. This increase in demand will lead to an increase in demand for PET Preforms. According to Packaged Facts, U.S sales of bottled water are expected to reach USD 16 billion by 2022. Global bottled water consumption reached 278 billion liters in 2021.

The growing demand for packaged food & beverages, as well as other consumer goods, is anticipated to drive the growth of the PET Preform Market.

PET Preforms are extensively used in the packaging of food & beverages, pharmaceuticals, cosmetics, and other consumer goods. These companies accounted for a combined market share of over 60%. In 2020, big companies like Amcor, Plastipak, and Jabil controlled most of the PET Preform Market. The packaging industry's growing need for PET Preforms is the main thing that is making the market grow. This is because several industries are using PET products more and more in their packaging and manufacturing. One of the most important growth factors is the increasing demand for PET products. This was followed by Mexico (10%), Brazil (9%), and the United States (8%). Looking at individual countries, China was once again the largest market for PET Preforms, accounting for 36.4% of the global market. Global PET Preform Market is valued at USD 14.48 Billion in 2022 and is projected to reach a value of USD 18.91 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 3.40% over the forecast period.

China pet preform bottle