PET Preform Machines Market by Size, Challenges, Opportunities, Trends, Share and Forecast 2028

Companies in the PET preform machines market are joining the fight against the coronavirus (COVID-19) pandemic. Sidel— a global provider of PET solutions for liquid packaging, transformed its stretch-blow molding development center to a production of PET hand sanitizer bottles to support hospitals and pharmacies in France. Looking at such instances, other companies in the PET preform machines market are increasing efforts to distribute disinfectant bottles to healthcare facilities amidst the COVID-19 outbreak.

Due to the unprecedented demand for hand sanitizers and disinfectants in healthcare and pharmacies, PET manufacturers are increasing their production capabilities to reduce the shortage of medical products. These manufacturers are capitalizing on the COVID-19 crisis to boost their credibility by donating preforms and caps to make PET hand sanitizer bottles.

Ensuring total quality control over products is boosting the credibility of companies in the PET preform machines market. For instance, SACMI— a leading manufacturer of processing machines has gained efficacy in the artificial vision technology to deploy cavity recognition and grid inspection during production processes. Companies in the PET preform machines market are increasing efforts to develop proprietary technologies that ensure total quality control over products. Such introduction of new technologies is boosting the revenue for the market, which is estimated to reach a value of ~US$ 12 Bn by the end of 2028.

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The computer vision technology is bringing about a change in the industry 4.0 revolution. Hence, companies in the market for PET preform machines are increasing their production capabilities to develop remote vision monitoring systems that allow complete inspection of products. They are increasing efforts to develop systems that provide a wealth of data about the machine status, counters, and alarms.

Full-hydraulic PET Preform Machines Bolster Production Rates for Clients in F&B Sector

Companies in the PET preform machines market are entering into strategic partnerships to accelerate the production of products. For instance, K-Tec— a provider of professional engineering services collaborated with Trexel Inc.— a specialist in placing microcellular bubbles inside injection-molded parts and Foboha GmbH, a tools manufacturer in Germany, to deploy fast cycle times and high-speed injection rates in developing PET preforms. There is the growing demand for high accuracy and high uptime PET preform machines that are capable of delivering exceptional precision and repeatability in production processes.

Novel injection molding machines that require minimum maintenance are gauging high demand in the PET preform machines market. Such innovative machines are boosting the expansion of the market for PET preform machines. Thus, equipment manufacturers are increasing the availability of machines with full hydraulic configurations to bolster production outputs. These novel machines are meeting requirements for customized solutions of clients in F&B and pharmaceutical sectors.

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Special Recycling Lines Eliminate Challenges Associated with Effective PET Disposal

The circular economy is growing as a buzzword in the PET preform machines market. Hence, recyclers play a major role in successfully disposing off PET products and containers. However, technical limitations such as material losses after washing and grinding of PET bottles are affecting the process of recycling activities.

Recyclers lack the equipment to process PET fines into high-quality materials, thus resulting in inferior application of recycled PET. Thus, stringent regulations pertaining to plastic are slowing down the growth of the PET preform machines market. Hence, recyclers are increasing their R&D efforts to establish advanced recycling lines that maintain the special characteristics of PET fines. For instance, Starlinger— a supplier of machinery for producing woven plastic packaging, plastic recycling, and refinement is increasing efforts to develop special recycling lines for PET fines. As such, beverage producer Vöslauer Mineralwasser in Austria is making circular economy as part of its company philosophy and is increasing efforts to utilize 100% recycled raw materials. Thus, circular innovations are boosting the growth for the market for PET preform machines.