Bio-Based PET Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2023

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Bio-Based PET Market Research Report - Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Bio-Based PET Market Research Report- Forecast to
2023
Bio-Based PET Market - Overview
Bio-based Polyethylene Terephthalate (PET) is
produced from ethylene glycol that is obtained
from plants. These plant sources include
non-toxicity, recyclability, reduced carbon
footprint, and a high resistance to shattering.
Market Research Future (MRFR) has reported that
the global bio-based PET market is anticipated to
expand at a significant rate through the
conjecture period. Attributable factors to the
ascension of the bio-based PET market include the
increasing adoption of environment-friendly
products to curb climate change and its impact on
human health and the fluctuating cost of
petroleum-based products. The hazardous nature of
traditional plastics is pushing governments all
over the world to introduce stringent regulations
to curb carbon emissions and the usage of harmful
plastic products. This is also estimated to
provide momentum to the upscaling of the global
bio-based PET market. Moreover, rising demand
for eco-friendly packaging in several end-use
industries is leading to a surge in the
consumption of bio-based PET products. Such
industries include automotive, food beverages,
electrical electronics, as well as consumer
appliances. Such an upsurge in demand for
bio-based PET products is expected to contribute
significantly to market growth. Additionally,
technological developments have allowed the
production of 100 bio-based PET. For instance,
the Plant PET Technology Collaborative (PTC) by
Virent, Inc uses paraxylene using beet sugar
instead of fossil fuels. These technological
developments are anticipated to promote higher
adoption of bio-based PET products, fueling
growth in the market.
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Bio-Based PET Market Research Report- Forecast to
2023
Segmental Analysis
The Global Bio-Based PET Market is segmented
based on the Raw Material Source, Application and
Region. The Raw Material Source to produce
bio-based PET are sugar, molasses, and corn. The
Global Bio-Based PET Market is segmented Based on
the Application as bottles, consumer goods,
automotive, electronics, and others. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/bio-based-pet-market-5823

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Bio-Based PET Market Research Report- Forecast to
2023
Regional Outlook
The Global Bio-Based PET Market is spanned across
five regions namely North America, Asia Pacific,
Europe, Latin America, and the Middle East
Africa. North America is the leading region in
the Global Bio-Based PET Market due to the high
production and use of the product in the
packaging of food products, medical products, and
automotive. The U.S. Toxic Substances Act, Clean
Water Act, and Clean Air Act are few of the
initiatives taken by the Government to protect
the environment and human health, thereby,
increasing the demand for Bio-Based Polymers.
Furthermore, the presence of National Association
for PET Container Resources (NAPCOR) in the U.S.
and Canada to promote PET packaging is
anticipated to drive the global market during the
assessment period. The Asia Pacific is
anticipated to be the fastest growing region in
the Global Bio-Based PET Market due to high
demand for the product from the consumer goods,
electronics, and automotive industries. The
increasing demand for these products can be
attributed to the changing lifestyle and the high
disposable income. The increasing production and
sales of lightweight and efficient electronics
and automotive in Japan and China have augmented
the market growth. The Chinese government has
implemented the VOC control policies in the
country to limit the CO2 emissions, which are
likely to fuel the market growth over the next
seven years. Europe is the second largest region
in the Bio-Based PET Market due to the increasing
demand for the product from food beverage,
automotive, and pharmaceuticals industries in the
region. The EU Commission has approved Reach to
control the carbon emissions, which will boost
the market growth. The high availability of raw
material such as corn and maize in Brazil and
Mexico may increase the production of
Mono-Ethylene Glycol, which may further drive the
Global Bio-Based PET Market in Latin America.
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Bio-Based PET Market Research Report- Forecast to
2023
Major Players in this Research

• Bio-Based PET Market Prominent Players
• Braskem (Brazil)
• Gevo, Inc. (U.S.)
• TEIJIN LIMITED (Japan)
• Anellotech, Inc. (U.S.)
• TORAY INDUSTRIES, INC. (Japan)
• Indorama Ventures Public Company Limited
  (Thailand)
• MG Chemicals (Italy)
• NatureWorks LLC (U.S.)
• Novamont S.p.A (Italy)
• Plastipak Holdings, Inc. (U.S.)
• Amyris (U.S.)
• Toyota Tsusho Corporation (Japan)

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