Bio based PET Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.
Los Angeles, CA -- (SBWIRE) -- 03/16/2019 -- 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.
The global Bio based PET market is valued at 5000 million US$ in 2018 is expected to reach 9740 million US$ by the end of 2025, growing at a CAGR of 10.0% during 2019-2025.
This report focuses on Bio based PET volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bio based PET market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
M& G Chemicals
Segment by Regions
Segment by Type
Segment by Application
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