A recent report published by Infinium Global Research on Bio Based Polyethylene Terephthalate (PET) Market provides in-depth analysis of segments and sub-segments in global as well as regional bio based polyethylene terephthalate market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional bio based polyethylene terephthalate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bio based polyethylene terephthalate market. According to the report the global bio based polyethylene terephthalate market is projected to grow at a CAGR of 10.8% over the forecast period of 2018-2024.
Polyethylene Terephthalate plays an important and varied role in the packaging and the consumer good industry. The polyethylene Terephthalate is the lightweight and durable material that serves the various functions in the packaging industries including produce water bottles, carbonated drinks bottles and food packaging among many others. The polyethylene Terephthalate is may harmful to human health so the continuous developments in the PET have been done to produce safe consumers product. In the Bio-based PET the petroleum materials are replaced with the plant-based materials. Nowadays. A bio-based PET provides an environmentally friendly new packaging alternative.
The Bio-based PET is the best suitable alternative for conventional plastic as they have high strength, high flexibility, and recyclability. Due to their unhazardous properties of the bio-based PET they vastly used in the beverage packaging. Growing packaging industry is the key factors strengthening the growth of Bio-based PET market. In addition, government support for the production of bio-based PET products is anticipated to boost the growth of Bio-based PET market. The factors such as the growing awareness about the hazardous nature of the conventional plastic and rising demand of less carbon emission products are likely to escalate the market growth. However, the fluctuation in the raw material availability has detained the growth of bio-based PET market. Moreover, ongoing technological development and innovations in the PET and growing use of bio-friendly products are projected to create several opportunities in bio-based PET market.
Among the geographies, Asia Pacific is the largest and fastest growing region in the bio based PET market. The growing consumer good and packaging industries in the Asia pacific region drives the growth of bio based PET market. In addition, the growing awareness about the bio based products led to the high adoption bio based PET products across various industries are contribute in the growth of bio based PET market.
The report on global bio based polyethylene terephthalate market covers segments such as application. On the basis of application the global bio based polyethylene terephthalate market is categorized into bottles, consumer-goods, automotive, electronics, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the bio based polyethylene terephthalate market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period.
The report provides profiles of the companies in the global bio based polyethylene terephthalate market such as The Coca-Cola Company, Toyota Tsusho, Toray Industries, M& G Chemicals, Teijin Limited, Braskem, Dak America, Indorama Ventures, Draths Corporation, and Avantium Technologies.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global bio based polyethylene terephthalate market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bio based polyethylene terephthalate market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the bio based polyethylene terephthalate market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the bio based polyethylene terephthalate market to understand the present and future trends in this market and formulate their strategies accordingly.
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