PET Preform Machines Market Size - By Technology (Injection molding, Stretch Blow molding), By End-use (Beverages, Food, Personal Care & Cosmetics, Pharmaceuticals, Chemicals & Petrochemicals), Type, Number of Cavities, Application & Forecast, 2023 – 2032

PET Preform Machines Market Size - By Technology (Injection molding, Stretch Blow molding), By End-use (Beverages, Food, Personal Care & Cosmetics, Pharmaceuticals, Chemicals & Petrochemicals), Type, Number of Cavities, Application & Forecast, 2023 – 2032

PET Preform Machines Market Size

PET Preform Machines Market size was valued at USD 8.4 billion in 2022 and is estimated to witness 5.7% CAGR from 2023 to 2032. The increasing demand for PET bottles and containers in various industries, including beverages, food, personal care, and pharmaceuticals, fuels the need for efficient PET preform machines to produce a large volume of preforms. The beverage industry is a major consumer of PET bottles, and the rising popularity of bottled water, carbonated drinks, juices, and energy drinks drives the demand for PET preform machines.

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The packaging industry's focus on sustainability and cost-effectiveness has led to a trend of adopting lightweight PET bottles, which requires high-speed and precision PET preform machines for efficient production.

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PET preform machines require a substantial initial investment, which can be a significant barrier for small and medium-sized enterprises (SMEs) or companies entering the market. Fluctuating raw material prices, especially for steel, aluminum, and advanced components used in PET preform machines, can impact manufacturing costs and profitability. The PET preform machines market is highly competitive, with several established players and new entrants vying for industry share. Intense competition can lead to price wars and profit margin pressure.

COVID-19 Impact

Many pet preform machine manufacturers faced production delays and temporary shutdowns due to lockdowns and social distancing measures. This impacted their ability to meet customer demand and fulfill orders in a timely manner. The pandemic caused a decline in demand for pet preform machines, especially in sectors that heavily relied on pet bottles and containers, such as the beverage and food industries.

Many businesses reduced or postponed their capital investments in machinery due to uncertainties and financial constraints. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.

PET Preform Machine Market Trends

The demand for high-speed and high-output PET preform machines was rising due to the need for increased production efficiency and capacity. These machines allowed manufacturers to meet the growing demand for PET bottles and containers in various industries. The packaging industry's focus on sustainability and cost-effectiveness drove the trend of lightweighting PET bottles. PET preform machines were designed to produce thinner and lighter preforms, resulting in material savings and reduced environmental impact. Thus, the growing prevalence of chronic and blood-related disorders is expected to expedite the market demand.

PET Preform Machines Market Analysis

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The PET preform machines market from single phase segment held over USD 5.2 billion revenue in 2022. Single-stage machines combine injection molding and stretch blow molding in a single process, streamlining production and reducing operational complexities. The single-stage process can lead to faster production cycles, meeting the demand for higher productivity.

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The injection molding segment accounted for 60% of the PET preform machines market share in 2022. Injection molding machines are known for their high production output and fast cycle times, making them suitable for large-scale PET preform manufacturing. Stretch blow molding machines have been optimized for energy efficiency, reducing overall production costs and minimizing environmental impact.

The PET preform machines market from multiple cavities segment is anticipated to expand at 5.2% CAGR through 2032. Machines with a higher number of cavities can produce a larger quantity of preforms in a single cycle, leading to high-volume production. This demand driver is crucial for industries with substantial packaging requirements, such as beverages and bottled water. Thus, the high-quality services and growing usage of PET preform machines are anticipated to expedite the business growth.

Based on application, the carbonated beverages segment will gain remarkable momentum during the forecast timeline. Carbonated beverage companies require PET preform machines to produce preforms for various soda and sparkling water products.

Based on end-use, the PET preform machine market from beverages segment is slated to show tremendous growth till 2032. The bottled water industry is one of the largest consumers of PET preforms and PET preform machines due to the extensive use of PET bottles for packaging water.

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U.S. PET preform machines market size was reached USD 1.76 billion in 2022. The beverage industry in North America, including bottled water, carbonated drinks, juices, and energy drinks, is a significant consumer of PET preform machines. The region's increasing population and changing consumer preferences for packaged beverages drive the demand for PET bottles and, consequently, PET preform machines.

PET Preform Machines Market Share

Some of the major companies operating in the PET preform machines market are

• Husky Injection Molding Systems Ltd. (Canada)
• Sacmi Imola S.C. (Italy)
• Nissei ASB Machine Co., Ltd. (Japan)
• SIPA S.p.A. (Italy)
• Sidel Group (France)
• KraussMaffei Group GmbH (Germany)
• Urola S.Coop. (Spain)
• Powerjet Plastic Machinery Co., Ltd. (China)
• Sumitomo (SHI) Demag Plastics Machinery GmbH (Germany)
• Preform Technologies Inc. (United States)
• Milacron LLC (United States)
• Ferromatik Milacron India Pvt. Ltd. (India)
• H-PET Personalengesellschaft mbH (Germany)
• PET All Manufacturing Inc. (Canada)
• SANTSAI MACHINERY (China) 

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

PET Preform Machines Industry News

• In December, 2022, SACMI has enhanced the preform injection machine range with the cutting-edge IPS 300. SACMI launched the IPS 300, the updated addition to the IPS (Injection Preform System) platform, for PET preforms that offers good flexibility, user-friendliness, reliability, and performance.

This PET preform machine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments

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Market, By Type

• Single stage
• Two stage

Market, By Technology

• Injection molding
• Stretch blow molding

Market, By Number of Cavities

• Single cavity
• Multiple cavity

Market, By Application

• Carbonated Beverages
• Bottled Water
• Edible Oil
• Non-Carbonated Beverages
• Alcoholic Beverages
• Others

Market, By End-use

• Beverages
• Food
• Personal Care & Cosmetics
• Pharmaceuticals
• Chemicals & Petrochemicals
• Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt