A research study titled, “Bio-Based Pet Market by application - global industry analysis and forecast to 2025”, published by crystal market research.
Market Highlights:
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.
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Market Highlights:
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.
Get sample pages of this report @
https://www.crystalmarketresearch.com/report-sample/CM09207
The Global Bio-Based Polyethylene Terephthalate Market Is Segmented As Follows:
Bio-based PET Market Assessment and Forecast, By Application, 2016-2025:
Consumer Goods
Consumer Goods
Packaging (Bottles)
Technical (Electronics and Automotive)
Others
Bio-based PET Market Assessment and Forecast, By Region, 2016-2025 ($Million):
North America
U.S
Canada
Bio-based PET Market Assessment and Forecast, By Region, 2016-2025 ($Million):
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Africa
Saudi Arabia
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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).
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 ($Million), 2016-2025
Table 6.Bio-based PET Market, By Region ($Million), 2016-2025
Table 7.North America Bio-based PET Market, By Country, 2016-2025 ($Million)
Table 8.North America Bio-based PET Market, By Application, 2016-2025 ($Million)
Table 9.U.S. Bio-based PET Market, By Application, 2016-2025 ($Million)
Table 10.Canada Bio-based PET Market, By Application, 2016-2025 ($Million)
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
