The global Bio based PET market was valued at US$ 4496.4 million in 2020 and it is expected to reach US$ 8857.8 million by the end of 2027, growing at a CAGR of 10.0% during 2021-2027.
Bio-based PET is a biomass-derived fully recyclable, biodegradable, compostable, and renewable bioplastic material. The material is composed of 30% plant-derived ethanol glycol and 70% fossil-derived terephthalic acid (TPA).
First of all，the reason for growth of Bio based PET market is that bioplastics, increasing research and development (R&D) activities by key players in the packaging industry, and rising environmental issues caused by synthetic PET products. Second growing concerns regarding greenhouse gasses coupled with the emergence of bioplastics as an alternative in the packaging and automotive industry are expected to play a major role in driving growth in the near future. Furthermore, increasing importance of sustainable packaging, especially in China and India, is expected to have a positive impact on market demand over the few years.
Global Bio based PET Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bio based PET Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are H.J. Heinz, Ford Motor, Coca-Cola, Toyota Tsusho, Toray Industries, M& G Chemicals, Braskem, Novamont, Avantium Technologies and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bio-based-pet-market-outlook
Segment by Type
- 3D Printing
- Cosmetic Containers
Segment by Application
- Packaging Industry
- Automotive Industry
- Electronics Industry
- Textile Industry
Table of Content:
1 Bio based PET Market Overview
2 Bio based PET Market Competition by Manufacturers
3 Bio based PET Retrospective Market Scenario by Region
4 Global Bio based PET Historic Market Analysis by Type
5 Global Bio based PET Historic Market Analysis by Application
6 Key Companies Profiled
7 Bio based PET Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bio based PET Market Dynamics
10 Global Bio based PET Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.