Global Bio-Based Polyethylene Terephthalate (PET) Market was valued at USD 3.42 billion in 2021 and is expected to reach USD 16.80 billion by 2029, registering a CAGR of 22.03% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Analysis and Insights
Over the recent years, the industries across the globe have largely inclined toward the sustainable packaging solutions. Moreover, the rising initiatives to reduce greenhouse emissions have further provided immense popularity to the bio-based polyethylene terephthalate (PET). For instance, according to the Australian Government's Department of Environment and Energy, Australia committed to reducing emissions under the 2015 Paris Agreement by promoting technical innovation and increasing the renewable energy sector. As a result, with the growing attempts towards reduced greenhouse emissions and sustainable packaging solutions, the bio-based polyethylene terephthalate (PET) is projected to witness an accelerated market growth rate over forecasted period.
Polyethylene terephthalate (PET) is a resin made by esterifying two monomers, pure terephthalic acid and modified ethylene glycol, to make a polymer called polyethylene terephthalate. MEG, a component of sugarcane ethanol (monoethylene glycol), and refined PTA (terephthalic acid), a chemical component of crude oil, make up bio-based polyethylene. Foam, pressure sensitive adhesive tapes, bottles, and cosmetics are all examples of where they are used.
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Bio-Based Polyethylene Tetraphlate (PET) Market Scope
The bio-based polyethylene terephthalate (PET) market is segmented on the basis of type, manufacturing process, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- From Biomass
- From Bio-Based Precursors
- From Bacteria
Manufacturing Process
- Extrusion
- Injection Molding
- Blow Molding
- Thermoforming
- Film Blowing
- Fiber Spinning
Application
- Bottles
- Foam
- Pressure Sensitive Adhesive Tape
- Substrate in Thin Film Solar Cells
- Cosmetics
End Use Industry
- Packaging
- Consumer Goods
- Automotive
- Semiconductor Electronics
Competitive Landscape and Bio-Based Polyethylene Tetraphlate (PET) Market Share Analysis
The bio-based polyethylene terephthalate (PET) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio-based polyethylene terephthalate (PET) market.
Some of the major players operating in the Bio-Based Polyethylene Tetraphlate (PET) market are,
- AVERY DENNISON CORPORATION (U.S.)
- Dupont (U.S.)
- Dow (U.S.)
- 3M (U.S.)
- H.B. Fuller Company (U.S.)
- Sealed Air (U.S.)
- SABIC (Saudi Arabia)
- Arkema (France)
- LyondellBasell (Netherlands)
- Exxon Mobil Corporation (U.S.)
- Mitsui Chemicals Inc., (Japan)
- Braskem (Brazil)
- TotalEnergies (France)
- Novamont SpA (Italy)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Biome Bioplastics (UK)
- PTT Global Chemical Public Company Limited (Thailand)
- KURARAY CO., LTD. (Japan)
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