Press release
Bio Based Polyethylene Terephthalate (PET) Market 2024: Toyota Tsusho, Plastipak Packaging, Inc., The Coca-Cola Company, M&G Chemicals, Danone, Toray Industries, PepsiCo
Growing concerns towards GHG emissions coupled with bioplastics emergence as an alternative in packaging and automotive industry may stimulate global bio based PET market size.
Global biobased PET market size may generate USD 13.1 billion by 2023. Increasing importance of sustainable packaging, especially in China and India, may positively influence bio based polyethylene market size growth. Key Industry participants, The Coca-Cola Company and Toray, have formed strategic partnerships with bio based product manufacturers such as Gevo and Virent, for the development 100% bio PET.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/446
Coca-Cola, H.J. Heinz, Nike, Procter & Gamble and Ford Motor have collaborated Plant PET Technology Collaborative (PTC) for 100% bio polyethylene terephthalate production acceleration intended for apparels, technical seat trims, plastic bottles, floor carpets and footwear.
APAC bio PET marker size, led by China & India, was dominant and accounted for over 32.5% of the overall demand in 2015. Growing CSD (carbonated soft drinks) & alcohol beverage demand in China and India have resulted in increased scope for packaging.
Australian government formed (APC) The Australian Packaging Covenant for sustainable packaging promotion which may favor on bio-based PET market growth. The Japanese government has set a target of 20% bioplastics production in the plastics market by 2020, which may favor bio based polyethylene terephthalate market growth over the next several years.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/446
Bio polyethylene terephthalate weighs lower in comparison to their fossil fuel counterparts, which helps its use in exterior and interior automotive parts. AT&T, Nissan and Toyota Motors have announced plans to use bioplastics in their products, which may positively influence bio PET market growth in technical applications.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Teijin Limited
2. Toray Industries
3. Coca Cola
4. Toyota Tsusho
5. Plastipak holdings
6. M&G chemicals
7. Gevo
8. Anellotech
9. Virent
Key raw material, sugarcane, is used for MEG manufacturing. Sugarcane is majorly used for sugar and bio ethanol production and may fall short as feedstock for MEG production. This may hamper product supply and affect bio based PET market price trend.
Petrochemical derived polyethylene terephthalate are showcasing stiff competition to bio based counter parts with decrease in crude oil prices, However, bio based polyethylene terephthalate prices are expected to compete with petrochemical derived counterparts with correction in crude oil prices and capacity expansion on bio based polyethylene terephthalate.
Bio based polyethylene terephthalate (PET) Market Application Analysis (Volume: Kilo Tons, Revenue: USD Billion, 2012 - 2023)
• Consumer goods
• Technical
• Bottles
• Others
Global bio PET market size may attain 44.2% CAGR up to 2023 and reach 6.74 million tons by 2023. Europe, with food & beverage industry growth in Germany, France & UK, is set to gain significant growth rates and register over USD 2.8 billion by 2023.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/bio-based-PET-market
Europe bottling applications are forecast to grow at over 37% CAGR in revenue terms and register over USD 2.3 billion by 2023.
North America technical application occupied a small chunk of the share may register over USD 235 million by 2023 with expected gains at above 36% CAGR.
Latin America, with Brazil contributing to regional demand, may witness significant growth rates at over 46.5% CAGR up to 2023. Latin America bottling applications may register over USD 1.5 billion by 2023.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Global biobased PET market size may generate USD 13.1 billion by 2023. Increasing importance of sustainable packaging, especially in China and India, may positively influence bio based polyethylene market size growth. Key Industry participants, The Coca-Cola Company and Toray, have formed strategic partnerships with bio based product manufacturers such as Gevo and Virent, for the development 100% bio PET.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/446
Coca-Cola, H.J. Heinz, Nike, Procter & Gamble and Ford Motor have collaborated Plant PET Technology Collaborative (PTC) for 100% bio polyethylene terephthalate production acceleration intended for apparels, technical seat trims, plastic bottles, floor carpets and footwear.
APAC bio PET marker size, led by China & India, was dominant and accounted for over 32.5% of the overall demand in 2015. Growing CSD (carbonated soft drinks) & alcohol beverage demand in China and India have resulted in increased scope for packaging.
Australian government formed (APC) The Australian Packaging Covenant for sustainable packaging promotion which may favor on bio-based PET market growth. The Japanese government has set a target of 20% bioplastics production in the plastics market by 2020, which may favor bio based polyethylene terephthalate market growth over the next several years.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/446
Bio polyethylene terephthalate weighs lower in comparison to their fossil fuel counterparts, which helps its use in exterior and interior automotive parts. AT&T, Nissan and Toyota Motors have announced plans to use bioplastics in their products, which may positively influence bio PET market growth in technical applications.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Teijin Limited
2. Toray Industries
3. Coca Cola
4. Toyota Tsusho
5. Plastipak holdings
6. M&G chemicals
7. Gevo
8. Anellotech
9. Virent
Key raw material, sugarcane, is used for MEG manufacturing. Sugarcane is majorly used for sugar and bio ethanol production and may fall short as feedstock for MEG production. This may hamper product supply and affect bio based PET market price trend.
Petrochemical derived polyethylene terephthalate are showcasing stiff competition to bio based counter parts with decrease in crude oil prices, However, bio based polyethylene terephthalate prices are expected to compete with petrochemical derived counterparts with correction in crude oil prices and capacity expansion on bio based polyethylene terephthalate.
Bio based polyethylene terephthalate (PET) Market Application Analysis (Volume: Kilo Tons, Revenue: USD Billion, 2012 - 2023)
• Consumer goods
• Technical
• Bottles
• Others
Global bio PET market size may attain 44.2% CAGR up to 2023 and reach 6.74 million tons by 2023. Europe, with food & beverage industry growth in Germany, France & UK, is set to gain significant growth rates and register over USD 2.8 billion by 2023.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/bio-based-PET-market
Europe bottling applications are forecast to grow at over 37% CAGR in revenue terms and register over USD 2.3 billion by 2023.
North America technical application occupied a small chunk of the share may register over USD 235 million by 2023 with expected gains at above 36% CAGR.
Latin America, with Brazil contributing to regional demand, may witness significant growth rates at over 46.5% CAGR up to 2023. Latin America bottling applications may register over USD 1.5 billion by 2023.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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