This can be attributed increasing usage of 28mm neck size for making bottles for carbonated drinks, mineral water, juices, and edible oil. On the basis of neck size, 28mm segment is expected to contribute major revenue share in the global PET preforms market, and witness highest CAGR of over 5%, in terms of revenue over the forecast period. PET preforms are the most efficient and economical way of producing PET bottles of various shapes, and sizes Market Analysis by Neck Size: These factors are driving growth of the global PET preforms market over the forecast period. PET bottles have rose to prominence, and are continuously replacing glass bottles, which are susceptible to breakage and are not user-friendly. In addition, increasing incidence of waterborne diseases such as typhoid, hepatitis A, diarrhea, and others, and increasing health awareness are fueling consumption of bottled mineral water. Rise in tourism is also expected to boost consumption of bottled water, which is another factor expected to boost growth of the global PET preforms market over the forecast period. Also, PET bottles or plastic is considered most environmentally friendly among glass, and aluminum, and is more durable compared to other options. Food & beverages, and personal care product companies find PET bottles highly cost-effective, as compared to other alternatives such as glass, and aluminum bottles. PET bottles cost less than US$ 0.60 for a 500 ml bottle or lesser when bought in bulk. PET preforms and bottles are also extremely cost-effective, durable, and safe. In addition, availability of PET bottles in all sizes, and other properties such as convenience to carry, hygienic, ease of handling, durable, and lightweight, is increasing adoption of PET bottles globally, thus driving consumption of PET preforms globally. 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.
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