Bio-based PET Market to Grow At a CAGR of 15.32% during the Period 2016 – 2025 ; The Coca-Cola Company, Gruppo Mossi Ghisolfi chemicals, Toray Industries, Toyota Tsusho

Bio-based PET Market:
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.

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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).

The Global Bio-based polyethylene terephthalate market is segmented as follows-
By Application:
Consumer Goods
Packaging (Bottles)
Technical (Electronics and Automotive)
Others

Regional Segment Analysis:
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

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Growth Booster Of Market:
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.

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
6.1.Toyota Tsusho Corporation
6.2. The Coca-Cola Company
6.3.PepsiCo Inc.
6.4.Toray Industries
6.5.TEIJIN LIMITED

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

List of Tables:
Table 1.Bio-based PET Market, By Application ($Million), 2016-2025
Table 2.Consumer Goods Market, By Region ($Million), 2016-2025
Table 3.Packaging (Bottles) Market, By Region ($Million), 2016-2025
Table 4.Technical (Electronics and Automotive) Market, By Region ($Million), 2016-2025
Table 5.Other Applications Market, By Region ($Million), 2016-2025

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