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Bio Based Polyethylene Terephthalate Market 2019 to 2024 Recent Trends and Growth Opportunities By Major Players - The Coca-Cola Company, M&G Chemicals, Danone, Toyota Tsusho, Plastipak Packaging, Inc., Toray Industries, PepsiCo

Bio Based Polyethylene Terephthalate Market

Bio Based Polyethylene Terephthalate Market

Global Market Insights, Inc. has recently added a report on Bio Based Polyethylene Terephthalate Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Global biobased PET market size may generate USD 13.1 billion by 2023. Increasing importance of sustainable packaging, especially in China and India, may positively influence bio based polyethylene market size growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/446

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Teijin Limited
• Toray Industries
• Coca Cola
• Toyota Tsusho
• Plastipak holdings
• M&G chemicals
• Gevo
• Anellotech
• Virent

Key Industry participants, The Coca-Cola Company and Toray, have formed strategic partnerships with bio based product manufacturers such as Gevo and Virent, for the development 100% bio PET.

Coca-Cola, H.J. Heinz, Nike, Procter & Gamble and Ford Motor have collaborated Plant PET Technology Collaborative (PTC) for 100% bio polyethylene terephthalate production acceleration intended for apparels, technical seat trims, plastic bottles, floor carpets and footwear.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/446

Australian government formed (APC) The Australian Packaging Covenant for sustainable packaging promotion which may favor on bio-based PET market growth. The Japanese government has set a target of 20% bioplastics production in the plastics market by 2020, which may favor bio based polyethylene terephthalate market growth over the next several years.

Bio based polyethylene terephthalate (PET) Market Application Analysis (Volume: Kilo Tons, Revenue: USD Billion, 2012 - 2023)
• Consumer goods
• Technical
• Bottles
• Others

Bio polyethylene terephthalate weighs lower in comparison to their fossil fuel counterparts, which helps its use in exterior and interior automotive parts. AT&T, Nissan and Toyota Motors have announced plans to use bioplastics in their products, which may positively influence bio PET market growth in technical applications.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/bio-based-PET-market

Key raw material, sugarcane, is used for MEG manufacturing. Sugarcane is majorly used for sugar and bio ethanol production and may fall short as feedstock for MEG production. This may hamper product supply and affect bio based PET market price trend.

Petrochemical derived polyethylene terephthalate are showcasing stiff competition to bio based counter parts with decrease in crude oil prices, However, bio based polyethylene terephthalate prices are expected to compete with petrochemical derived counterparts with correction in crude oil prices and capacity expansion on bio based polyethylene terephthalate.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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