A research study titled, “Bio-based PET Market by Product, Application, Source Type, and Modality – Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the Bio-based PET Market is projected to be around $7.54 billion by 2025.
Bio-based PET Market – Report Overview:
In 2016 the global bio-based polyethylene terephthalate (PET) market size was approximated at nearly USD 2.09 billion and is anticipated to reach approximately USD 7.54 billion by 2025 at a compound annual growth rate (CAGR) of 15.32% during forecast period. The rising requirement for bio based polyethylene terephthalate for manufacturing different packaging solutions such as bottles is anticipated to spur the growth of this market.
Bio-based polyethylene terephthalate is a polyester resin that is naturally derived and is utilized for production of various products like construction goods, automotive interiors, electronics, bottles and packaged goods. The development of these sectors along with regulations in support, is anticipated to boost the growth of the market. One of the biggest consumers of bio-based polyethylene terephthalate has been the United States where the material is widely utilized for the manufacturing of technical and consumer goods and bottles.
Check sample pages of this report:
Bio-based PET Market: Regional Outlook:
The largest market in 2015 was the Asia Pacific which was worth USD 499.4 million. The rising awareness regarding significance of bioplastics in emerging economies like South Korea and Japan as a result of regulations with the aim of reducing dependence of synthetic polymer products is one of the major factors to boost the growth of this market. In order to encourage investments in the industry of domestic biopolymers, Japan is expected to be the largest destinations for the manufacturing of bio-based polyethylene terephthalate.
In 2015, companies such as Toyota Tsusho, Toray Industries and Teijin Limited were the largest manufacturers of biopolymers in Japan. Factors such as increasing concerns related to greenhouse emissions or increasing requirement of sustainable packaging coupled with technical advancements are anticipated to boost the growth of the bio-based polyethylene terephthalate significantly in North America.
Key Findings of the Research Study:
What was the Bio-based PET Market size in 2016 and forecast from 2017 to 2025?
What will be the industry Bio-based PET Market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Bio-based PET Market forecast?
What are the major segments leading the Bio-based PET Market growth and why?
Which are the leading players in the Bio-based PET Market and what are the major strategies adopted by them to sustain the Bio-based PET Market competition?
List of Tables:
Table 1.Bio-based PET Market, By Application ($Million), 2016-2025
Table 2.Consumer Goods Market, By Region ($Million), 2016-2025
Table 3.Packaging (Bottles) Market, By Region ($Million), 2016-2025
Table 4.Technical (Electronics and Automotive) Market, By Region ($Million),
Table 5.Other Applications Market, By Region ($Million), 2016-2025
Table 6.Bio-based PET Market, By Region ($Million), 2016-2025
Table 7.North America Bio-based PET Market, By Country, 2016-2025 ($Million)
Table 8.North America Bio-based PET Market, By Application, 2016-2025 ($Million)
Table 9.U.S. Bio-based PET Market, By Application, 2016-2025 ($Million)
Table 10.Canada Bio-based PET Market, By Application, 2016-2025 ($Million)
Table 11.Mexico Bio-based PET Market, By Application, 2016-2025 ($Million)
List of Figures
Figure 1.Bio-based PET Market, By Application, 2016 & 2025 ($Million)
Figure 2.Bio-based PET Market, By Region, 2016, ($Million)
Figure 3.Toyota Tsusho Corporation: Net Revenues, 2014-2016 ($Million)
Figure 4.Toyota Tsusho Corporation: Net Revenue Share, By Segment, 2016
Figure 5.Toyota Tsusho Corporation: Net Revenue Share, By Geography, 2016
Figure 6.The Coca-Cola Company: Net Revenues, 2014-2016 ($Million)
Figure 7.The Coca-Cola Company: Net Revenue Share, By Segment, 2016
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107, United States.
Toll Free: +1-888-213-4282
Author: stephenbThis author has published 43 articles so far. More info about the author is coming soon.