Pet Bottle Preform have been in use for quite some time, but demand has surged worldwide in recent years. The availability of PET materials places great emphasis on packaging because high quality production reduces costs. In the next five years, there will be a sustained annual growth rate of 4.6% year-on-year. This is an amazing growth from any size. In addition to established economies, transition economies and emerging economies have become important players in the market.
Sustainable growth will bring new demands on PET packaging materials to new heights
Increasing attention to attractive packaging and personal hygiene is the main reason behind growth. Due to the reliability and robustness of PET bottles, PET bottles for wine, spirits, pharmaceuticals and dairy products are required.
According to the market report, the global market will grow significantly from the current $48 million to $60 million, with an annual growth rate of approximately 4.6%. As it continues to grow, it will open up new horizons in the next five years. It is estimated that during the above period, the consumption per ton will reach 20 million tons.
The reason for such amazing performance
Experts say that in 2010, PET bottles were popular around the world for their simplicity, durability, convenience and affordability. This trend indicates a bright future. Very lightweight, ideal for mobile applications. There are various reasons behind it:
1. Due to the prevalence of bottled water, ready-to-drink beverages, soft drinks and juices, the demand for premium and durable packaging materials PET is the best alternative.
2. Household cleaning products and pharmaceuticals use PET instead of traditional packaging materials. This is a cost-effective and convenient alternative.
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