Bio Based PET Market Key Product, Revenue Analysis by Regions, Application to 2025
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.
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