Global Bio-Based Polyethylene Terephthalate (PET) Market to Grow at a CAGR of 68.25% over the Period 2015-2019
Bio-based PET is a biodegradable product made from materials such as monoethylene glycol (MEG) and terephthalic acid (PTA). About 30% of bio-based PETs are composed of monoethylene glycol (MEG), a product of sugarcane ethanol, and the rest is composed of purified terephthalic acid (PTA), a chemical-based product of crude oil.
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