Albany, NY -- (SBWIRE) -- 07/08/2015 -- About Bio-based Polyethylene Terephthalate

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. There are different types of bioplastics: polymers directly extracted from biomass and processed, polymers made from bio-based precursors (polylactic acid or PLA), and polymers made from bacteria (PHA and PHBs). They can be used to manufacture tools, bags, beds, furniture, carpets, films, bottles, cups, and other packaging materials. In landfills, they emit about 30-70% less CO2 compared to conventional plastics.

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In 2014, Germany was the major contributor to the market, followed by Asia, the US, and Brazil.

Technavio's analysts forecast the global bio-based PET market to grow at a CAGR of 68.25% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of bio-based PET market for the period 2015-2019. The market is segmented based on the following:

Application (packaging, automotive, electronics, consumer goods, and others)
Geography (APAC, Europe, North America, and Latin America)

Technavios report, Global Bio-based PET Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various applications, and end-uses and composition of bio- based PET. The report provides comments on both the existing market landscape and the growth prospects in the coming years.

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Key Vendors

Anellotech
Coca Cola
Gevo
PepsiCo
Toyota Tsusho

Other Prominent Vendors

Ford Motors
H.J. Heinz
Nike
Plastipak
Procter & Gamble

Market Drivers

Growing Consumption of Beverages in Emerging Markets of BRICS
For a full, detailed list, view our report

Market Challenges

Intense Competition from Fossil Fuel Products
For a full, detailed list, view our report

Market Trends

Increased use of Bioreagents
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the various end-uses and potential applications for the product?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space and what is the nature of competition between them?
What are the market opportunities and threats faced by the key vendors?

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