0
New
New
2023
Australia Pet Preform Market

Australia PET preform Market

by Type (ROPP, Standard PCO, Alaska, CTC Preforms, and Others), Neck Size (25 Mm, 28 Mm, 29 Mm, 30 Mm, and Others) And End Use Industry (Carbonated Soft Drinks, Water, Food, Non-Carbonated Drinks, Cosmetics and Chemical, and Others): Country Opportunity Analysis and Industry Forecast 2022-2031

Report Code: A74459
Pages: 121
Feb 2023 | 212 Views
Author(s) : Bhagyashri P, Devashree P , Eswara P
Tables: 32
Charts: 25
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Australia Pet Preform Market

Request Now !

Australia PET Preform market was valued at $108.3 million in 2021 and is estimated to reach $167.0 million by 2031, exhibiting a CAGR of 4.6% from 2022 to 2031. 

Preforms are intermediary materials that are blown into polyethylene terephthalate (PET) containers afterward. Polyethylene Terephthalate (PET) preforms are manufactured in a variety of neck finishes, colors, weights, shapes, and are custom-made to satisfy the needs of customers in various markets including food & beverages and cosmetics. PET preforms are used for packaging in a variety of industries, including food & beverage, pharmaceuticals, home care, personal care, and household products. Owing to the rise in use of packaged beverages, the demand for PET preforms is increasing.  

Australia-PET-Preform-Market 1

PET preforms are used by domestic product makers for packaging of products such as edible oil, cleaning solutions, and a variety of other products. Companies are using PET preforms to make bottles, which are then utilized to store their products. The method used for manufacturing of bottles using PET preforms is known as hot filling and it is quite popular in industrialized countries as it does not require the use of preservatives and is cost-effective. 

Polyethylene terephthalate and its co-polyesters are widely used for making containers such as bottles for various packaged beverages including carbonated beverages, juice, and water. PET has an excellent combination of clarity, mechanical properties, and gas barrier properties; however, these properties can be improved. PET preforms, are manufactured by heating the PET polymer starting material to form a PET polymer melt and then introducing the polymer melt into one or more mold cavities having the shape of the desired preform.  

Upon cooling, a polymer preform is produced. PET preforms are used in manufacturing of PET bottle by blow molding method. These PET bottles are made according to a two-step process known as injection stretch blow molding. In the first step, a molten crystallizable PET resin is introduced into a mold cavity having the shape of the desired preform. Upon cooling, the molten polymer material produces a solid preform. In the second step, the preform is heated rapidly and then inflated against a two-part mold to form it into the final shape of the PET bottle. 

PET preforms offer number of advantages such as excellent transparency, water-resistance and are impermeable. Furthermore, it also has a good electrical insulation and it does not produce toxic gas when burned. Moreover, they have a long shelf life and are light in weight, which have made PET preforms immensely popular in the food and beverage market. Moreover, PET preforms are also gaining a lot of popularity in the cosmetics and healthcare industries, which are always looking for new ways to package their products. Owing to the numerous benefits of PET products, the Australia PET preforms market is expected to grow in the near future. The beverage industry is expected to be a major end user of PET preforms.  

The Australia PET preforms market is benefiting from the growth of the ready-to-drink (RTD) market. Single-serve RTD beverages are becoming increasingly popular in Australia. The availability of such products in local supermarkets and convenience stores is likely to aid market expansion and expedite growth. Owing to the changing lifestyles, ready-to-drink (RTD) beverages have become more popular.

Food and beverage product packaging is carefully designed by producers with target clients in mind, are also contributing to the causes for growing popularity. In addition, the need for PET preforms for water packaging is rapidly increasing due to high demand for bottled water in the country. Bottled water is expected to be the most popular beverage as it is the only beverage that is calorie-free, additive-free, sugar-free, and nourishing.  

Increased demand for packaged beverages.

PET preforms are used for making bottles or containers for mineral water, juices, liquors, soft drinks, and carbonated drinks. HF PET preforms are used for packaging beverages and sauces that are filled with they are hot. Mostly, products like juices, ice-tea, ketchup, sports drinks, and flavoured water make use of bottles built using HF preforms. HF or hot fill preforms are used to make PET bottles that do not deform in high temperatures. They can tolerate temperatures up to 85°C. 

The market is expected to expand during the forecast period due to changing customer preferences for ready-to-drink beverages and increased per capita beverage consumption owing to rising in disposable income .Furthermore, the growing per capita consumption of alcoholic drinks and consumer preferences regarding premium products is also expected to augment the market growth. Furthermore, during the COVID-19 pandemic, the demand for ready-to-drink beverages witnessed a huge surge, driven by the stockpiling nature of the consumers. In addition, owing to the work-from-home culture during the lockdown, the demand for ready-to-drink (RTD) increased rapidly. Post and during COVID-19, the consumers increased consciousness and awareness made them switch to more immunity-boosting RTD drinks. The players innovated and introduced immunity-boosting drinks in various flavours to cater to the rising consumer demand. 
Increasing consumer demand for interesting flavours and more pleasant beverages has generated lots of new beverage concepts, such as functional beverages and infused beverages, among others. Owing to the addition of more than one component in ready-to-drink beverages, they are attracting customers' attention due to their excellent nutritional value and lively flavor. 

Functional RTD beverages provide an opportunity for brands that can differentiate themselves through health claims. Consumers are looking for products that offer a multitude of functional benefits, such as antioxidants, anti-inflammatory, low sugar, added protein, probiotics, and others. Moreover, dairy-free and vegan options are increasingly being launched in the market to deliver convenience and healthy on-the-go beverage categories. PET preform products have various properties such as lightweight, long shelf life, and easy to handle, owing to which PET preform are widely used in packaged food and beverages industries. Increased demand of packaged beverages and juices will lead to an increase the demand of PET preforms during the forecast period.

The Australia PET Preform market is segmented on the basis of neck type, neck size, and application. On the basis of neck type, Australia PET Preform market is classified into ROPP, Standard PCO, Alaska, CTC Preforms, and others. By neck size, the market is categorized into 25 Mm, 28 Mm, 29 Mm, 30 Mm, and others. On the basis of application, the market is divided into carbonated soft drinks, water, food, non-carbonated drinks, cosmetics & chemical, and others.  

The major players operating in the industry include Visy, IC-Plastica, Vision Packaging, Amcor Plc, and Wellman Packaging. These players have adopted product launch as their key strategy to increase their market shares.

Australia PET preform Market
By Type

Your browser does not support the canvas element.

Standard PCO in Australia PET Preform is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Australia PET preform market, by type

On the basis of type, the standard PCO segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 5.0% during the forecast period. Standard PCO PET preforms are widely used in the packaging of carbonated soft drinks, juices, sauces (water products), and industrial chemicals, thus it will boost the market growth during the forecast period.   

Australia PET preform Market
By Neck Size

Your browser does not support the canvas element.

28 Mm Australia PET Preform is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Australia PET preform market, by neck size

On the basis of neck size, the 28mm segment was the largest revenue contributor, in 2021 and is anticipated to register the highest CAGR of 4.8% during the forecast period owing to increased demand for 28 mm PET preform from a wide number of end-use industries such as pharmaceutical, personal care, food & beverages, and others.

Australia PET preform Market
By Application

Your browser does not support the canvas element.

Carbonated Soft Drinks Application is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Australia PET preform market, by application

On the basis of application, the carbonated soft drinks segment was the largest revenue contributor, in 2021 and is anticipated to register a highest CAGR of 5.0% during the forecast period owing to increased consumption of carbonated soft drinks in Australia country.

IMPACT OF COVID-19 ON THE PET PREFORM MARKET

The COVID-19 pandemic severely affected the PET preform demand across the packaging industry. With the outbreak of COVID-19, the PET bottles market was affected owing to factors such as supply chain disruption that slackened the demand for PET resins and lockdowns being enforced in various countries. Moreover, the Russia-Ukraine war has an impact on the overall packaging ecosystem. 
PET preform is widely used in food & beverages packaging and other sectors. Packaging industries have gained momentum and begun started their production process smoothly. Hence, the demand for PET preform has increased post covid.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an in-depth analysis of the Australia PET preform market trends along with the current and future market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the PET preform industry for strategy building.
  • A comprehensive Australia PET preform market analysis covers factors that drive and restrain the market growth.
  • The qualitative data in this report aims at market dynamics, trends, and developments.

Australia PET preform Market Report Highlights

Aspects Details
By Type
  • ROPP
  • Standard PCO
  • Alaska
  • CTC Preforms
  • Others
By Neck Size
  • 25 Mm
  • 28 Mm
  • 29 Mm
  • 30 Mm
  • Others
By Application
  • Carbonated Soft Drinks
  • Water
  • Food
  • Non-Carbonated Drinks
  • Cosmetics and Chemical
  • Others
Key Market Players Wellman Packaging, Visy, IC-Plastica, Vision Packaging, Amc or Plc
 

Loading Table Of Content...


 
 

According to the opinions of various CXOs of leading companies, with an increase in the consumption of carbonated drinks, the Australia PET preform market is expected to grow during the forecast period. PET preforms are utilized in the manufacturing of PET bottles for carbonated soft drinks due to their properties, including lightweight, simplicity, specialized execution, and longer shelf-life. 

The surgee in consumption of carbonated and other soft drinks is further expected to propel the market growth. Furthermore, the market for PET preforms has grown as Australia’s plastic industries have been boosted by the organic expansion of the applications of plastic such as for purified water, soft drinks, medicinal liquor, and food & beverages. However, stringent environmental regulations and threat of substitutes are expected to affect the overall market growth in Australia.    

 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. A surge in consumption of carbonated and other soft drinks is further expected to propel the market growth. Furthermore, the market for PET preforms has grown as Australia’s plastic industries have been boosted by the organic expansion of the applications of plastic such as for purified water, soft drinks, medicinal liquor, and food & beverages.

A. Australia PET Preform market was valued at $108.3 million in 2021 and is estimated to reach $167.0 million by 2031, exhibiting a CAGR of 4.6% from 2022 to 2031.

A. The major players operating in the industry include Visy, IC-Plastica, Vision Packaging, Amcor Plc, and Wellman Packaging. These players have adopted product launch as their key strategy to increase their market shares.

A. Packaging industry is projected to increase the demand for PET preform market

A. Australia PET preform market is segmented based on type, neck size, and applications.

A. Carbonated soft drinks industry in the Australia PET preform market is projected to increase the demand of PET preform during the forecast period

A. Ever since the pandemic, the packaging industry has experienced supply chain disruptions and significant delays in new installations in their offices as well as commercial applications. These steps hamper industries and pose challenges to their growth potential.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Australia Pet Preform Market

Start reading instantly.
This Report and over 55,057+ more Reports, Available with Avenue Library. T&C*.

  • Data Pack
  • $2,327
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2024 - Feb 2025)
  • Single User
  • $3,255
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2024 - Feb 2025)
  • Five Users
  • $3,910
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2024 - Feb 2025)
  • Enterprise
    License/PDF

  • $5,452
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2024 - Feb 2025)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers