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LONDON, July 24, 2017 /PRNewswire/ -- "PET preforms market to grow at a CAGR of 5.31% (2017-2022)" The global PET preforms market is projected to reach USD 23.35 billion by 2022, at a CAGR of 5.31% between 2017 and 2022. The increased demand for PET preforms in different applications, such as carbonated soft drinks, water, food (oil/sauces), cosmetics & chemicals, pharma & liquor, and others acts as a key driving factor influencing the growth of the global PET preforms market.
The report "PET Preforms Market by Type (Type 1, Type 2, Type 3, Type 4, Type 5), Application (Carbonated Soft Drinks, Water, Food, Non-Carbonated Drinks, Cosmetics & Chemicals, Pharma & Liquor), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Global PET Preforms Market was at USD 17.14 Billion in 2016 and is projected to reach USD 23.35 Billion by 2022, at a CAGR of 5.31% from 2017 to 2022.
Airopack Technology Group AG ("ATG" or the "Group") is pleased to announce it has reached an agreement regarding the acquisition of 50% of the Airolux AG ("Airolux") joint venture currently owned by Resilux NV ("Resilux"). The acquisition will allow ATG to fully exploit ATG's Airopack technology and unlock its growth potential, reduce cost price, enhance time to market and improve the organizational footprint.