A bio-based PET is manufactured from ethylene glycol which is extracted from plant sources including sugar, molasses, and corn and is composed of 25%-30% of mono-ethylene glycol (MEG) and terephthalic acid. Bio-based PET is known for its characteristic features including non-toxicity, recyclability, minimal carbon footprint, and high resistance to shatter. It is widely used for the production of several packaging solutions, including in the food and beverages and automotive industries.
MARKET DYNAMICS
The Bio based PET market has witnessed a significant growth owing to factors growing demand for bio-based PET across diversified application bases. Moreover, increase in government initiatives across several countries to promote the use of bio-based and biodegradable materials provides a huge market opportunity for the key players operating in the Bio based PET market. However, high cost associated with bio based PET is projected to hamper the overall growth of the Bio based PET market.
MARKET SCOPE
The "Global Bio based PET Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Bio based PET market with detailed market segmentation by raw material and application and geography. The global Bio based PET market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Bio based PET market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Bio based PET market is segmented on the basis of raw material and application. On the basis of raw material, the Bio based PET market is segmented into sugar, molasses and corn. On the basis of application, the Bio based PET market is segmented into consumer goods, automotive, electronics and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Bio based PET market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Bio based PET market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Bio based PET market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Bio based PET market in these regions.
MARKET PLAYERS
The reports cover key developments in the Bio based PET market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Bio based PET market are anticipated to lucrative growth opportunities in the future with the rising demand for Bio based PET in the global market. Below mentioned is the list of few companies engaged in the Bio based PET market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Bio based PET market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amyris
- Anellotech, Inc
- Braskem
- Draths Corporation
- Gevo, Inc.
- M and G Chemicals
- NatureWorks LLC
- Novamont S.p.A
- TEIJIN LIMITED
- TORAY INDUSTRIES, INC.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.