Bio-Based PET Market Quadruples by 2025; with a ~ 15.32 % of Whooping CAGR | The Coca-Cola Company, Gruppo Mossi Ghisolfi chemicals, Toray Industries, Toyota Tsusho and Teijin Chemicals Company

Crystal Market Research has announced the addition of "Bio-based polyethylene terephthalate Market Analysis and Forecasts 2018-2025" Market Research report to their database.

Bio-Based PET - Competitive insights:

The major companies in the global Bio-based polyethylene terephthalate market are The Coca-Cola Company, Gruppo Mossi Ghisolfi chemicals, Toray Industries, Toyota Tsusho and Teijin Chemicals Company. The Coca-Cola Company distributes its bio-based polyethylene terephthalate under the name of PlantBottle. A few other brands that are available in the market are GLOBIO and Eco Circle Plantfiber. The nature of this industry is extensively competitive due to the existence of a restricted number of companies. These companies get into a partnership with companies that manufacture raw materials to have an uninterrupted supply of purified terephthalic acid (PTA).

Sample copy of this report: https://www.crystalmarketresearch.com/report-sample/CM09207 .

Bio-Based PET - Industry Trend Analysis:

In 2016 the global bio-based polyethylene terephthalate (PET) market size was approximated at nearly USD 2.09 billion and is anticipated to reach approximately USD 7.54 billion by 2025 at a compound annual growth rate (CAGR) of 15.32% during forecast period. The rising requirement for bio based polyethylene terephthalate for manufacturing different packaging solutions such as bottles is anticipated to spur the growth of this market. Bio-based polyethylene terephthalate is a polyester resin that is naturally derived and is utilized for production of various products like construction goods, automotive interiors, electronics, bottles and packaged goods. The development of these sectors along with regulations in support, is anticipated to boost the growth of the market. One of the biggest consumers of bio-based polyethylene terephthalate has been the United States where the material is widely utilized for the manufacturing of technical and consumer goods and bottles. Factors such as increasing requirement of food and beverages packaging materials that are eco-friendly are anticipated to have a significant impact on the growth of this market. Increasing concerns related to greenhouse gasses along with bioplastics being utilized as a substitute in the automotive and packaging industry are anticipated to play a vital role in the growth of this market. Additionally, riding importance for durable packaging is anticipated to spur the growth of this market in the upcoming years. However, the introduction of alternatives such as polyethylenefuranoate (PEF) may inhibit the growth of this market. In 2011, an agreement was made by the Coca-Cola Company with Avantium for the enhancement of polyethylenefuranoate which contains higher stability and glass transition temperature as compared to bio-based polyethylene terephthalate which may result in increased utilization of polyethylenefuranoate by major companies, thus hindering the growth of this market.

The Global Bio-based polyethylene terephthalate market is segmented as follows-

Bio-Based PET - By Application:

Consumer Goods
Packaging (Bottles)
Technical (Electronics and Automotive)
Others

Bio-Based PET - Application Outlook and Trend Analysis:

Bio-based polyethylene terephthalate was extensively utilized in bottles that registered 86.4 percent of the market volume in the year 2015. These containers are extremely useful for packing carbonated drinks and alcoholic beverages like spirits, beer and wine. Increasing importance of long lasting packaging in carbonated soft drinks manufacturers including companies like Coca-Cola and PepsiCo is anticipated to boost the growth of the market significantly. Further, increasing consumption of carbonated soft drinks is said to increase the demand of the bio-based polyethylene terephthalate. Bottles are expected to be the most swiftly growing segment. The application of the bio-based polyethylene terephthalate in the technical sector registered 10.4 percent of the global volume in the year 2015. Increasing awareness regarding reduction of greenhouse emissions in the sector of manufacturing is anticipated to fuel the market.

Bio-Based PET - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Bio-Based PET - Regional Outlook and Trend Analysis:

The largest market in 2015 was the Asia Pacific which was worth USD 499.4 million. The rising awareness regarding significance of bioplastics in emerging economies like South Korea and Japan as a result of regulations with the aim of reducing dependence of synthetic polymer products is one of the major factors to boost the growth of this market. In order to encourage investments in the industry of domestic biopolymers, Japan is expected to be the largest destinations for the manufacturing of bio-based polyethylene terephthalate. In 2015, companies such as Toyota Tsusho, Toray Industries and Teijin Limited were the largest manufacturers of biopolymers in Japan. Factors such as increasing concerns related to greenhouse emissions or increasing requirement of sustainable packaging coupled with technical advancements are anticipated to boost the growth of the bio-based polyethylene terephthalate significantly in North America. The Montreal protocol has been implanted by the government of Canada and the United States with the aim of decreasing greenhouse gas emissions and forbidding the utilization of products that cause global warming.

Bio-Based PET - Table of Contents:

1. Introduction
2. Executive Summary
3. Market Overview
4. Bio-based PET Market, By Application
5. Bio-based PET Market, By Region
6. Company Profiles

Browse complete report with TOC: https://www.crystalmarketresearch.com/report/bio-based-pet-market .

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends.

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

Continued…

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