PPT-Bio Based Polyethylene Terephthalate (PET) Market: Global Market Insights, Inc.

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Bio Based Polyethylene Terephthalate (PET)
Market 2016 2023
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Global Market Scenario of Bio Based PET

• Biobased Polyethylene Terephthalate (Bio PET)
  market size is forecast to increase from over 490
  kilo tons in 2015, at more than 42 CAGR gains up
  to 2023.
• Global sustainable packaging market generated
  over USD 195 billion in revenue for 2015 and is
  set to exceed USD 265 billion in 2023, growing at
  more than 4.7 CAGR up to 2023.
• Rising consumer awareness accompanied by
  stringent environmental regulations by EU
  pertaining to promote eco-friendly products is
  expected key trending factor to drive global
  biobased PET market growth.
• Australia launched APC (Australian Packaging
  Covenant) and PPSS (Packaging Product Stewardship
  Scheme) to facilitate sustainable packaging.
• multinational companies including Coca-Cola, Ford
  Motor, H.J. Heinz, Nike, and Procter Gamble
  have signed a Plant PET Technology Collaborative
  (PTC), to accelerate the development and use of
  100 bio based polyethylene terephthalate
  intended for plastic bottles, apparels, footwear,
  technical seat trims and floor carpets.
• https//www.gminsights.com/industry-analysis/bio-b
  ased-PET-market

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Continue.....

• Global biomass derived chemicals demand is set
  to surpass over 8.5 million tons by 2023, from
  around 4.5 million tons in 2014, growing at more
  than 9.5 CAGR.
• Growing biomass derived chemicals consumption
  owing to consumer awareness related to the
  benefits associated with it may stimulate bio
  based PET market size.
• Bio based polyethylene terephthalate is a sugar
  derived ethanol product and have 30 bio MEG. 
• Shift in focus to reducing green house gas (GHG)
  emission owing to increasing pollution health
  hazards may fuel bio based polyethylene
  terephthalate market.
• Kyoto protocol adoption in various countries such
  as Australia, Japan, and Canada along with
  Montreal protocol by the U.S. and Canada may
  restrict products usage contributing GHG
  emission.
• https//www.gminsights.com/industry-analysis/bio-b
  ased-PET-market

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Latin America bio PET market size, by
application, 2012-2023 (Kilo Tons)

https//www.gminsights.com/industry-analysis/bio-b
ased-PET-market
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360 Analysis

• Application Analysis
• Bottling applications dominated the global demand
  and were worth over USD 910 million in 2015.
  Growing beverage consumption in BRICS coupled
  with company initiatives to promote green
  technology is forecast to drive packaging
  activities, which should fuel bio based
  polyethylene terephthalate market. 
• Regional Analysis
• North America, dominated by the U.S. bottle
  application, is forecast to gain over 41 CAGR up
  to 2023. 
• Latin America, benefiting from Brazilian
  sugarcane feedstock supply, may witness
  significant growth rates up to 2023.   
• Competitive Market Share
• Global bio based PET market share is fairly
  competitive owing to limited manufacturers
  presence. Coca Cola, Toray Industries, Teijin
  Limited, MG chemicals, Toyota Tsusho, and
  Plastipak holdings are some of the key market
  players. Raw material manufacturers, Gevo, Virent
  and Anellotech, have invested to develop
  bio-based PTA to aim for 100 bio based PET
  production.  

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