The beverage industry remains the key end user with the largest revenue share
According to recent market assessments, the PET preform market is expected to be dominated by the beverage industry for end users. It is estimated that by the end of 2028, the market value of this market segment will exceed 22 billion US dollars, and the compound annual growth rate during the forecast period is 4.4%. However, in terms of growth rate, it is expected that the compound annual growth rate of the food sector will remain around 5.5% during the forecast period. According to reports, the personal care industry will also have a profitable share in the market.
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More and more use of ready-to-eat beverages and single-serve beverages in the PET preform market
PET packaging is an economical packaging solution that makes it a clear choice for beverage packaging manufacturers. The growth of the PET preform market is associated with increased consumption of convenient (mobile) food and beverage products in developed and developing countries, such as carbonated soft drinks, RTD tea, coffee and juice. Despite the growing health awareness of consumers in developed countries, the consumption rate of carbonated beverages is still high, and the trend of single-serve beverages is growing. A single RTD coffee did not exist a few years ago, but currently only accounts for more than 30% of total sales in US grocery stores. The single-serve coffee market in the United States has been growing at an alarming rate for several years after the product was launched, and will continue to stimulate US demand for PET preforms in the near future.
The major Pet Preform Manufacturers have been focusing on the development of lightweight preforms without compromising quality. Reducing the weight of preforms involves redesigning the packaging material, which helps pet preform manufacturers reduce shipping costs. Also See: Pet Preform, Single Serve, Pet Preforms, Beverage Industry, Pet, Market, PreformTop Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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