Rinsing consumption of FMCG such as carbonated drinks, juices, cosmetics, and food items, has led to an increased usage of PET preforms for the production of PET bottles, jars, tubes, and others. Rapid development of the fast-moving consumer goods (FMCG) industry is one of the key driver expected to boost growth of the global PET preforms market. PET bottles are gaining preference owing to its lightweight, good resistance, durable, non-breakable, cost-effective, and reusable nature. A key characteristic of PET preform is that the products (or bottles) made from it are durable, sturdy, transparent, smooth and sparkly, which can attract buyer’s attention. PET preforms are molded products of certain shape, form, and size, which are then further blown to make bottles in blowing machines.
PET preforms are made of PET (polyethylene terephthalate), one of the most common thermoplastic polymer resin in polyester family.
The global PET preforms market was valued at US$ 17.6 Bn in 2017 and is expected to register a CAGR of over 5%.
