In terms of market share, Asia Pacific is a prominent region in the global PET preform machines market.As per screw diameter, most of the end users are preferring 61 to 120 mm diameter based PET preform machines.Following this, the global market of PET preform machines in pharmaceutical industries is expected to gain by 100 bps of current market share, by the end of 2028. Therefore, by the end of 2028, these applications are expected to account for more than 30% cumulative market share. It has been witnessed that the PET preform machines are highly preferred for food and beverage product packaging.This segment is anticipated to hold more than 1/3rd market share of the global PET preform machines market. In order to increase production rate, end users have more demand for 50 to 100 mould cavity PET preform machines.PET preforms manufactured using linear machines are used for large capacity packaging products. Linear PET preform machines are expected to create incremental revenue opportunity of nearly US$ 2.7 Bn during the forecast period. As per orientation, linear PET preform machines remains prominent in the global market.PET Preform Machines Market: Key Findings Significant reduction in the change-over time is encouraging manufacturers to opt for automated packaging solutions. This will not only help companies to reduce the shutdown period of the plant but also increase their production output.A recent trend observed in the market is the growing demand for the PET preform machines offering less change-over time. Change-over time is the single major challenge faced by most of the manufacturers in different end-use industries.Integration of Components and Reduction in Change-over Time Adoption of new technology-based PET preform machines eliminates the need to constantly find and train a new workforce, which allows employers to allocate more value-adding tasks to the available workforce, which in turn can reduce labor turnover through improved workplace conditions.Industries, especially in some countries, are facing high labor costs and lack of skilled labor. PET preform machines are proving to be instrumental in decreasing costs, along with significant increment in the production capabilities through increased speed, reduction of bottlenecks, and capability to run 24/7. Key players in PET preform machines market are focusing on developing such products, which will optimize the cost of the products with increasing production rate.Also, it is a major influencing factor in the decision-making process to adopt advanced packaging technology.Cost of PET preform machines plays an important role in making strategic decisions. Nowadays, end users are planning to reduce production cost to achieve better profits in future. Increasing production costs results in minimized profits.Need for Advanced Technologies for Increasing Production Efficiencies Driving PET Preform Machines Market Increasing demand for PET bottles for mineral water, energy drinks, and many other products packaging further boosting growth of PET preform machines market across the globe. The global PET preform machines market is expected to grow at a CAGR of 6% during the forecast period. According to the latest report on the global PET preform machines market for the historical period of 2014 - 2019 and forecast period of 2020 - 2028, the market is anticipated to be driven by growing demand of PET based packaging containers in the food & beverages industry.Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.ĭownload Sample of This Strategic Report: PET Preform Machines Market: Overview This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. "The report on PET Preform Machines Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. Shibuya-ku, Tokyo, Japan, Japan, Jul 20, 2021, 03:01 /Comserve / - PET Preform Machines Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)
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