Despite many technological advancements, flexible packaging is not as efficient as rigid packaging in the handling of liquid products. PET being the nonhazardous, U.S. and European food & drug administration approved material, is used extensively for liquid packaging. PET preforms machines are used for manufacturing of PET bottles for beverages, bottled water, consumer goods, chemicals, pharmaceuticals and personal care & cosmetics end-use industries.
Production of PET bottle has risen from 300 Bn unit to 480 Bn during the last decade and is expected to expand further at CAGR of 4% during next decade and with the increasing demand for PET bottles, sales of PET preform machines is also expected to grow during the forecast period.
PET Preform Machine Market: Market Dynamics
Use of PET preforms machine adds an advantage for product manufacturers as it allows to offset the fluctuation in market demand for beverages and bottled water. Moreover, increasing sales of packaged goods and consumer preference for products packed in small quantity has increased the use of PET for packaging and positively influencing PET preform machine market. High speed and application in various end-use industries of PET preform machines are some other factors supporting the growth in PET preform machine market. However, high cost associated with PET preform machines may hamper the growth in PET preform machine market. Diminishing gap between the cost of single step PET blow molding machines and PET preform machine may further limit the use of PET preform machine.
PET Preform Machine Market: Company Developments and Industry Level Trends
Husky Injection Molding Systems Ltd. has innovated new multilayer preform technology for improving the barrier properties of its PET products.
S.I.P.A. S.p.A has developed world’s first PET preform machines for producing PET inline preforms
PET preform machinery manufacturers are focusing on developing systems suitable for producing light weight PET preforms, without altering the performance of the bottle, as the packaging industry is reducing its carbon footprint.
There have been technological advancements in PET preform machine market. With the development of electric press machine technology, manufacturers are now capable of reducing operation costs by cutting energy consumption.
PET Preform Machine Market: Market Segmentation
PET preform machine market is segmented by technology type, by orientation type, application type and end use industry.
Based on the technology type, PET preform machine market is segmented into:
Based on the orientation type, PET preform machine market is segmented into:
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PET Preform Machine Market – Key Players:
Some major players of PET preform machine market are Magnum Group, Polymechplast Machines Ltd., Husky Injection Molding Systems Ltd., Toshiba Machine Co Ltd, Netstal-Maschinen AG, S.I.P.A. S.p.A, Global Plastech, Sacmi Imola S.C., Nissei Asb Machine Co., Ltd., Demark (Shanghai) Packaging Technology Co., Ltd., Pet All Manufacturing Inc., Iboplast Srl, OiMA, Ningbo Hautek Industries Co., Ltd., Powerjet Plastic Machinery Co., Ltd. and L&t-demag Plastics Machinery Ltd.
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