Wednesday, October 30, 2019

Bio-based Polyethylene Terephthalate Market Size, Share, Growth and Forecast 2018-2026

According to the latest report published by Credence Research, Inc. the global bio-based polyethylene terephthalate market is expected to grow at the CAGR of 20.8% from 2018 to 2026.
Market Insights
Due to the eco-friendly nature and superior properties of PET, bio-PET is subject to high demand from various end-use industries, such as food & beverage, cosmetics & pharmaceuticals, automotive, textile and so on. Traditionally, bio-PET is made up of 30 per cent bio-based MEG and 70 per cent petroleum-based resins, but many companies are investing in increasing the production of bio-based MEG to address the problem of inconsistent supply of raw materials for the development of 100 per cent bio-based PET. For example, Avantium has invested in the construction of a bio-MEG demonstration plant in the Netherlands to boost the production of bio-based mono-ethylene glycol (MEG) made directly from renewable sugars.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/bio-based-polyethylene-terephthalate-market
Bio-based polyethylene terephthalate can be used in all existing applications of conventional PETs such as beverage containers, food containers, non-food containers, films & sheets, molded parts & components and fabrics. Beverages containers accounted for the largest share in 2017, followed by films & sheets and food containers. Properties such as good physical, optical and lightweight properties along with environmentally friendly nature make bio-based polyethylene terephthalate a key material for these applications. The segment of beverages containers is also identified as the fastest growing use of bio-PET resin during the forecast period. Raising consumer awareness of the use of green products and government efforts to reduce the GHG emissions market in order to achieve the climate and energy objectives expected to catapult demand on the bio-PET market in the coming years. However, the high cost of bio-ethylene glycol and the emergence of competitive substitutes such as polyethylene furanoate (PEF) are still expected to reduce market growth in the coming years.
Food & Beverages held the largest market share of the bio-based polyethylene terephthalate by the end-use industry in 2017. In the food & beverage sector, bio-based polyethylene terephthalate is used in water packaging, sweet drink packaging, fruit juice packaging, beer containers, food containers and others. Features such as good compatibility with food grade materials, superior gas barrier properties, and carbonation retention during normal distribution & use of carbonated beverages fuelling material growth in the food & beverage industry. The market for bio-based polyethylene terephthalate also has a positive outlook in the automotive and textile end-use industries as a result of moving towards greater efficiency materials while addressing the prevailing environment problem across the world.
Based on the geography, the value and volume of Asia-Pacific dominated the market in 2017. The majority of demand comes from economies such as India and China due to booming food and beverage, textile and automotive industries, rising middle-class populations with high disposable incomes, and rapid economic growth. North America follows Asia-Pacific closely due to technical innovation, increasing consumer awareness of the use of green products, and strict government and environmental regulations to reduce the market for GHG emissions.
Key manufacturers of bio-based polyethylene terephthalate operating in the market includes The Coca-Cola Company, Teijin Limited, Gevo Inc., Virent Inc., M&G Chemicals, Toray Industries Inc., and Toyota Tsusho Corporation among others.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59331
Table of Content
Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I - Secondary Research 17
1.3.2 Phase II - Primary Research 18
1.3.3 Phase III - Expert Panel Review 18
1.3.4 Approach Adopted 18
1.3.5 Top-Down Approach 19
1.3.6 Bottom-Up Approach 19
1.3.7 Assumptions 20
 1.4 Market Segmentation 20
Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global Bio-based Polyethylene Terephthalate Market 22
2.1.1 Global Bio-based Polyethylene Terephthalate Market, by Application, 2017 (Kilo Ton) (US$ Mn) 24
2.1.2 Global Bio-based Polyethylene Terephthalate Market, by End-use Industry, 2017 (Kilo Ton) (US$ Mn) 24
 2.1.3 Global Bio-based Polyethylene Terephthalate Market, by Geography, 2017 (Kilo Ton) (US$ Mn) 25
Chapter 3 Market Overview 26
3.1 Introduction 26
3.2 Market Dynamics 27
3.2.1 Market Drivers 27
3.2.1.1 Rising Demand from Asia-Pacific End-use Industries Driving the Bio-PET Market 27
3.2.1.2 Driver 2 28
3.2.2 Challenges 29
3.2.2.1 Challenge 1 29
3.2.2.2 Challenge 2 30
3.2.3 Opportunities 31
3.2.3.1 Opportunity 1 31
3.2.3.2 Opportunity 2 32
3.3 Attractive Investment Proposition, by Geography, 2017 33
 3.4 Competitive Landscape: Market Positioning of Key Players, 2017 34
Chapter 4 Global Bio-based Polyethylene Terephthalate Market, by Application 35
4.1 Overview 35
4.1.1 Global Bio-based Polyethylene Terephthalate Market Value Share, by Application, 2017 & 2026 (Value, %) 36
4.1.2 Global Bio-based Polyethylene Terephthalate Market, by Application, 2016 - 2026 (Kilo Ton) (US$ Mn) 36
4.2 Beverages Containers 38
4.2.1 Global Bio-based Polyethylene Terephthalate Market, by Beverages Containers, 2016 - 2026 (Kilo Ton) (US$ Mn) 38
4.3 Food Containers 39
4.3.1 Global Bio-based Polyethylene Terephthalate Market, by Food Containers, 2016 - 2026 (Kilo Ton) (US$ Mn) 39
4.4 Non-food Containers 40
4.4.1 Global Bio-based Polyethylene Terephthalate Market, by Non-food Containers, 2016 - 2026 (Kilo Ton) (US$ Mn) 40
4.5 Non-food Containers 41
4.5.1 Global Bio-based Polyethylene Terephthalate Market, by Non-food Containers, 2016 - 2026 (Kilo Ton) (US$ Mn) 41
4.6 Films & Sheets 42
4.6.1 Global Bio-based Polyethylene Terephthalate Market, by Films & Sheets, 2016 - 2026 (Kilo Ton) (US$ Mn) 42
4.7 Moulded Parts & Components 43
4.7.1 Global Bio-based Polyethylene Terephthalate Market, by Moulded Parts & Components, 2016 - 2026 (Kilo Ton) (US$ Mn) 43
4.8 Fabrics 44
 4.8.1 Global Bio-based Polyethylene Terephthalate Market, by Fabrics, 2016 - 2026 (Kilo Ton) (US$ Mn) 44
Chapter 5 Global Bio-based Polyethylene Terephthalate Market, by End-use Industry 45
5.1 Overview 45
5.1.1 Global Bio-based Polyethylene Terephthalate Market Value Share, by End-use Industry, 2017 & 2026 (Value, %) 46
5.1.2 Global Bio-based Polyethylene Terephthalate Market, by End-use Industry, 2016 - 2026 (Kilo Ton) (US$ Mn) 46
5.2 Food & Beverages 48
5.2.1 Global Bio-based Polyethylene Terephthalate Market, by Food & Beverages, 2016 - 2026 (Kilo Ton) (US$ Mn) 48
5.3 Cosmetics & Pharmaceuticals 49
5.3.1 Global Bio-based Polyethylene Terephthalate Market, by Cosmetics & Pharmaceuticals, 2016 - 2026 (Kilo Ton) (US$ Mn) 49
5.4 Automotive 50
5.4.1 Global Bio-based Polyethylene Terephthalate Market, by Automotive, 2016 - 2026 (Kilo Ton) (US$ Mn) 50
5.5 Textile 51
5.5.1 Global Bio-based Polyethylene Terephthalate Market, by Textile, 2016 - 2026 (Kilo Ton) (US$ Mn) 51
5.6 Others 52
 5.6.1 Global Bio-based Polyethylene Terephthalate Market, by Others, 2016 - 2026 (Kilo Ton) (US$ Mn) 52
Chapter 6 Global Bio-based Polyethylene Terephthalate Market, by Geography 53
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You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59331
About Credence Research (Original Publisher)
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