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Bio Based Polyethylene Terephthalate Market Registering a Strong Growth by 2025

Global industry analysis

The bio-based polyethylene terephthalate market has experienced tremendous growth in recent years. This is due to the increasing demand for sustainable packaging materials as well as growing environmental concerns. Bio-based PET is made from renewable resources such as sugar cane, corn and other biomass-derived materials.

Purified terephthalic acid and modified ethylene glycol are combined to produce polyethylene terephthalate monomer, which is then converted to a polymer via an esterification reaction. It is mainly used in the manufacture of synthetic fibers, bottles, etc. It is temperature resistant and durable. The main difference between PET and bio-based PET is that PET is made from non-biodegradable materials in the former while in the latter biodegradable materials are used to make the resulting polymer.

MEG (monoethylene glycol), a by-product of sugar cane ethanol, and purified PTA (terephthalic acid), a chemical by-product of crude oil, form bio-based polyethylene terephthalate. Due to its light weight and biodegradable properties, bio-based polyethylene terephthalate is used in the packaging of food, soft drinks, alcoholic beverages, cosmetics, pharmaceuticals and edible oils.Electronics, building materials, bottles, packaged goods and vehicle interiors are made from bio-based polyethylene terephthalate. The demand for polyethylene terephthalate bio-based materials has increased due to the global trend of using green products and strict environmental regulations that promote the use of polyethylene terephthalate as green products in enterprises.

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The advancement in manufacturing technology and the speed at which achievements are being made in R&D sectors in chemistry and materials in the major regions of the bio-based polyethylene terephthalate market are expected to boost consumption. Bio-based PET.

Bio-Based Polyethylene Terephthalate Market: Dynamics

Bio-based polyethylene terephthalate market growth is expected to be driven by increasing demand in various industries such as food and beverage industry and strict regulatory framework to reduce CO2 emissions. At an accelerated pace, government initiatives to promote the use of biodegradable products have led to the use of bio-based polyethylene terephthalate materials. Furthermore, the advancement in technology and research and the shift in focus towards the use of eco-friendly plastics are expected to fuel the growth of the bio-based polyethylene terephthalate market.

Largely due to the lightweight and biodegradable nature of bio-based polyethylene terephthalate, the market is expected to serve the automotive, bottling and packaging industries. The European and US commissions have established standards to improve vehicle efficiency and the market for bio-based polyethylene terephthalate is expected to expand as bio-based polyethylene terephthalate materials are lightweight.

Bio-Based Polyethylene Terephthalate Market: Segmentation

Consumer industry 
  • Packaging
  • consumer goods
  • Car
  • semiconductor electronics
Application as:
  • bottles
  • foam
  • pressure sensitive tape
  • Substrate in thin film solar cells
  • cosmetic products

Bio-Based Polyethylene Terephthalate Market: Regional Outlook

Bio-based production is a key European Commission priority that is expected to increase the market share of bio-based PET materials. Increasing consumer preference for using eco-friendly packaging coupled with advances in technology is expected to drive the expansion of the North American market.

Japan, Canada and Australia have adopted the Kyoto Protocol which restricts the use of synthetic polyethylene terephthalate as it causes GHE (Greenhouse Emissions). These standards could help develop the bio-based polyethylene terephthalate market. Latin America would benefit from large sugar cultivation in Brazil, which should boost the market for bio-based polyethylene terephthalate.

The increased awareness of using more environmentally friendly materials compared to synthetic polymer products is expected to boost the polyethylene terephthalate bio-based materials market in the Asia-Pacific region, including Japan and South Korea.

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Bio-Based Polyethylene Terephthalate: Market Players

Some examples of key players in the global bio-based polyethylene terephthalate market are:

  • Torey Industries
  • PlastiPak stocks
  • Source Materials
  • metabolix
  • braskem
  • Virent Inc
  • Advance payment
  • what
  • PepsiCo
  • Anellotech
  • Drath Corporation

The research report represents a comprehensive assessment of the market and contains detailed information, facts, historical data, as well as statistically backed and industry-validated market data.

It also includes forecasts using appropriate assumptions and methods. The research report provides analysis and information by market segments such as regions, applications, and industry.

The report includes exhaust gas analyzes for:

  • market segments
  • Market dynamics
  • market size
  • supply and demand
  • Current trends/issues/challenges
  • Competition and companies involved
  • Technology
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The regional analysis includes:

  • Nordamerika (USA, Kanada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, UK, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia and New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, South Africa, North Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, input from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of the key market trends, macroeconomic indicators and driving factors, and market attractiveness based on segments. The report also maps the qualitative impact of various market factors across market segments and geographies.

Report Highlights:

  • Detailed overview of the parent market
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  • Deep market segmentation
  • Historical, current and forecast market size in terms of volume and value
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  • Potential and niche segments, geographic regions with promising growth
  • A neutral perspective on market performance
  • Essential information for market participants to maintain and improve their market presence

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