PET Preform Machines Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

The PET preform machines market size is projected to surpass US$ 12 billion by 2027.

PET preform machines are preferred for manufacturing bottles, jars, and containers by the end users. It helps to increase the production rate of the PET-based packaging containers. VRR team segmented the analysis of PET preform machines market based on various factors such as orientation, screw diameter, mould cavity, and demand in end-use industries across five regions.

As per VRR analysis, linear PET preform machines is expected to hold the largest market share and outpacing rotary PET preform machines during the forecast period.

The PET preform machines market is anticipated to be driven by growing demand of PET based packaging containers in the food & beverages industry. The global PET preform machines market is anticipated to grow at a CAGR of 6.1% during the forecast period. Increasing demand for PET bottles for mineral water, energy drinks, and many other products packaging further boosting growth of PET preform machines market across the globe.

Food & Beverage Industry Holds Significant Share of PET Preform Machines Market

PET bottles and jars are gaining more traction in food & beverages industry from the past three years. As the PET bottles and jars are BPA (Bisphenol-A) free. Besides this, PET containers has less impact on the environment. Therefore, FDA approved PET containers for packaging of consumable products such as mineral water, cold drinks, and others. PET preform machines provides continent and time saving approach for bottles and packaging container manufacturing. Therefore, as per TMR analysis, the demand for PET preform machines is anticipated to boost during the 2020 – 2027, owing to increasing demand for PET bottles and jars for food & beverages packaging.

Key Players Eyeing on Product Innovations and Increasing Global Footprints

Owing to the expansion of key industries such as beverages, pharmaceuticals, personal care, cosmetics, etc., soaring demand for PET preform machines is expected during the forecast period. Therefore, key players are planning to increase investment in developing new technology-based PET preform machines and increasing their presence in the untapped regions.

  • In early 2020, S.I.P.A. Spa introduced XFORM PET preform machines having no vibration and no stress at high speed. Moreover, in December 2019, S.I.P.A. introduced GEN4XP, 250, 350, and 500 tonnes PET preform injection molding technology.
  • In 2019, Polymechplast Machines Ltd. is planning to increase its production capabilities in the African countries, owing to the increasing demand for PET preform machines. The company is also participating in the various exhibitions for presenting their product innovations.

COVID 2019 Hindering Growth of PET Preform Machines Market in 2020

COVID 2019 pandemic is expected to add economic challenges for manufacturers and consumers across various regions. In spite of huge demand for PET preform machines, manufacturers are facing numerous challenges in terms of limited work resources, disrupted product management, fluctuating economic conditions, and continuous lockdowns in early 2020.

However, by the end of 2020, PET preform machines market in Asia Pacific countries, especially in China and India is expected to recover at the fastest growth rate in comparison with other regions post the COVID 2019 crisis. Recently, China has slowly started production of machineries with minimum workforce. Therefore, PET preform machines market is expected to regain its demand with two-fold investments by key players in advanced technologies, which will result in to significant growth of the market.

Need for Advanced Technologies for Increasing Production Efficiencies Driving PET Preform Machines Market

  • Increasing production costs results in minimized profits. Nowadays, end users are planning to reduce production cost to achieve better profits in future. Cost of PET preform machines plays an important role in making strategic decisions. 
  • Also, it is a major influencing factor in the decision-making process to adopt advanced packaging technology 
  • Key players in PET preform machines market are focusing on developing such products, which will optimize the cost of the products with increasing production rate. PET preform machines are proving to be instrumental in decreasing costs, along with significant increment in the production capabilities through increased speed, reduction of bottlenecks, and capability to run 24/7. Industries, especially in some countries, are facing high labor costs and lack of skilled labor. 
  • Adoption of new technology-based PET preform machines eliminates the need to constantly find and train a new workforce, which allows employers to allocate more value-adding tasks to the available workforce, which in turn can reduce labor turnover through improved workplace conditions

Integration of Components and Reduction in Change-over Time

  • Change-over time is the single major challenge faced by most of the manufacturers in different end-use industries. A recent trend observed in the market is the growing demand for the PET preform machines offering less change-over time. 
  • This will not only help companies to reduce the shutdown period of the plant but also increase their production output. Significant reduction in the change-over time is encouraging manufacturers to opt for automated packaging solutions.

Full-hydraulic PET Preform Machines Bolster Production Rates for Clients in F&B Sector

Companies in the PET preform machines market are entering into strategic partnerships to accelerate the production of products. For instance, K-Tec— a provider of professional engineering services collaborated with Trexel Inc.— a specialist in placing microcellular bubbles inside injection-molded parts and Foboha GmbH, a tools manufacturer in Germany, to deploy fast cycle times and high-speed injection rates in developing PET preforms. There is the growing demand for high accuracy and high uptime PET preform machines that are capable of delivering exceptional precision and repeatability in production processes.

Novel injection molding machines that require minimum maintenance are gauging high demand in the PET preform machines market. Such innovative machines are boosting the expansion of the market for PET preform machines. Thus, equipment manufacturers are increasing the availability of machines with full hydraulic configurations to bolster production outputs. These novel machines are meeting requirements for customized solutions of clients in F&B and pharmaceutical sectors.

Special Recycling Lines Eliminate Challenges Associated with Effective PET Disposal

The circular economy is growing as a buzzword in the PET preform machines market. Hence, recyclers play a major role in successfully disposing off PET products and containers. However, technical limitations such as material losses after washing and grinding of PET bottles are affecting the process of recycling activities.

Recyclers lack the equipment to process PET fines into high-quality materials, thus resulting in inferior application of recycled PET. Thus, stringent regulations pertaining to plastic are slowing down the growth of the PET preform machines market. Hence, recyclers are increasing their R&D efforts to establish advanced recycling lines that maintain the special characteristics of PET fines. For instance, Starlinger— a supplier of machinery for producing woven plastic packaging, plastic recycling, and refinement is increasing efforts to develop special recycling lines for PET fines. As such, beverage producer Vöslauer Mineralwasser in Austria is making circular economy as part of its company philosophy and is increasing efforts to utilize 100% recycled raw materials. Thus, circular innovations are boosting the growth for the market for PET preform machines.

Competition Landscape

The global PET preform machines market is anticipated to witness tough rivalry among key players. This market includes many well-established market participants. Besides this, many other local players and start-ups are entering into this market attributing to significant revenue creation with the raising demand for PET containers.

Some of the key players operating in the global PET preform machines market are Toshiba Machine Co Ltd, Pet All Manufacturing Inc., KraussMaffei Group GmbH, Magnum Group, Polymechplast Machines Ltd., Pet All Manufacturing Inc., Husky Injection Molding Systems Ltd., S.I.P.A. S.p.A, Nissei Asb Machine Co., Ltd., Iboplast Srl, OIMA Srl, Powerjet Plastic Machinery Co., Ltd., Demark (Shanghai) Packaging Technology Co., Ltd., CYPET Technologies, Huayan Americas, and Jon Wai Machinery Works Co., Ltd., among others.

The Tier structure is formulated on the basis of segmental revenue and market share of the company. As per Tier structure, Husky Injection Molding Systems Ltd. and Toshiba Machines Co. Ltd. are the Tier 1 players in the PET preform machines Market. These players are focusing on development of flexible and versatile PET preform molding solutions. Furthermore, Tier 2 players are S.I.P.A. Spa, Nissei Asb Machine Co., and KraussMaffei Group GmbH among others. These companies hold 1/5 of the global PET preform machines market share.

Market Segmentation

By Orientation

  • Linear
  • Rotary

By Mould Cavity

  • Less than 50
  • 50 to 100
  • 101 to 150
  • More than 150

By Screw Diameter

  • Less than 30 mm
  • 30 to 60 mm
  • 60 to 120 mm
  • More than 120 mm

By End Use

  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Personal Care & Cosmetics
  • Homecare
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Scope of the Report

Vision Research Reports started a new study on the global PET preform machines market, providing forecast for the period of 2020-2028. In the study, growth opportunity for the PET preform machines market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the PET preform machines market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.

Key Questions Answered

  • What will be market size for PET preform machines by the end of 2028?
  • What will be the impact of COVID 2019 on PET preform machines market?
  • Which paper grade is expected to be most preferred for PET preform machines? What was its market size in 2019?
  • Which is the most preferred mould cavity for PET preform machines in the global market?
  • Which region will remain most lucrative for market growth?
  • Which are the top five countries of PET preform machines market?
  • Which application holds maximum market share in the global PET preform machines market?
  • Who are major key players in the PET preform machines market?

Key indicators associated with the PET preform machines market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global PET preform machines market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of PET preform machines. Furthermore, forecast factors and forecast scenarios of the PET preform machines market have been covered in the report to understand future prospects of the market.

A comprehensive evaluation and forecast on the PET preform machines market are provided on the orientation, mould cavity, screw diameter, end use, and region.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The PET preform machines market is analyzed at both regional and country levels.

The report delivers an exhaustive assessment on the structure of the PET preform machines market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of PET preform machines manufacturers by leveraging an intensity map. It also highlights key end users for PET preform machines.

Research Methodology

A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the PET preform machines market for the study evaluation period. The VRR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.

Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the PET preform machines market. The report has further gone through a cross-validation by in-house professionals to make the PET preform machines market report one-of-its-kind, with the highest credibility.

Report Detail

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