Growing Popularity of the Bio-Based PET Market
Polyethylene terephthalate or PET is mainly used for packaging of food and beverages. Bio-based PET and traditional PET are the two primary materials used for the packaging of soft drinks, water, alcoholic beverages, and food. With growing environmental consciousness, the bio-based PET market has received tremendous impetus in recent times. Owing to its benefits, the global demand for bio-based PET has surged to over 50 million tons per year and the market is expected to grow at an estimated CAGR...
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