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Bio-based Polyethylene Terephthalate Market Size, Growth, Analysis and Forecasts 2012 to 2020: Hexa Research

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Bio-based Polyethylene Terephthalate (PET) Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2012 To 2020
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Bio-based Polyethylene Terephthalate (PET) Market Analysis, Size,
Growth, Trends and Forecasts 2012 to 2020: Hexa Research
Volatile crude oil prices and increasing awareness towards eco-friendly sources is expected to
foster the global bio-based polyethylene terephthalate (PET) market growth over the next eight
years. Bio-based PET is manufactured from bio MEG and petroleum derived PTA. Presently,
bio-based PET contains only up to 30% bio-content. Major companies are investing heavily to
investigate feasibility for 100% renewable content bio-based PET, and this is expected to create
immense opportunities for the market participants. The Torray Industries and Coca-Cola
Company has formed partnership with Anellotech and Virent to develop bio PTA. This is
anticipated to drive bio-based PET market growth over the forecast period. The development is
also anticipated to resolve the PET supply problem for many industries to meet the demand.
Impulsive petrochemical prices and crude oil reserves depletion is projected to shift the
synthetic PTA based companies towards bio-based PTA. Sustainable growth of packaging
market is anticipated to have positive impact on bio-based PET market growth over the
foreseeable future.
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Hexa Research
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The European Commission and U.S. EPA are converging on diminishing conventional products
and development of renewable sources such as bio plastics and bio diesels. Most of the
countries in North America and Europe have framed regulatory protocols to minimize
greenhouse gases emission, which led industries to shift towards unconventional sources.
Stringent regulations are also expected to create favorable scenario for bio-based PET market
in the region over the forecast period. Uncertain bio-based MEG supply due to increasing
ethanol demand in food & beverage and bio-fuel industries is projected to hinder the bio-based
PET market over the next eight years. Growing substitutes demand such as Polyethylene
Furanoate (PEF) owing to high temperature sustainability and lower weight is expected to have
negative effect on global bio-based PET market growth over the forecast period.
Segmentation on the basis of application is majorly governed by carbonated soft drink (CSD)
packaging. It covered about 75% market share in 2013. Increasing focus of major companies
including Coca-Cola and PepsiCo towards sustainable packaging and increasing CSD demand
in BRICS is anticipated to fuel the global bio-based PET market growth over the forecast period.
Technical applications include bottles and exterior & interior parts of automobiles. Owing to
lightweight characteristic, PET is used as interior as well as exterior components of automobiles
which are expected to boost the bio-based PET application market growth over the foreseeable
period. AT&T, Nissan and Toyota have announced to implement bio-based product in their
vehicles which is anticipated to have positive impact on bio-based PET market. Other
applications of the product include carrier bag and consumer goods packaging.
Asia Pacific was the largest market in 2013 accounting for over 30% market share, and the
same trend is expected over the next eight years on account of increasing consumption of
alcoholic beverage and CSD particularly in emerging economies such as China and India.
Australian government has formed APC department to impose sustainable packaging materials
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
which is projected to drive the bio-based PET market growth. Japanese government has
targeted to consume 20% bio-plastics by 2020 which is anticipated to have positive impact on
global bio-based PET market. North American EPA and European Commission framed stringent
regulations to limit the conventional resources usage which is expected to bolster the global biobased PET market growth over the forecast period.
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Major players in global bio-based PET market include Coca-Cola, Torray Industries, Toyota
Tsusho, Teijin Limited and M&G Chemicals. Coco-cola has its branded PET bottles named as
PLANTBOTTLE, while other participants use PLANT FIBER and GLOBIO. Participants are
collaborating with other biotechnology companies to develop new bio-based sources which are
anticipated to create immense opportunities to increase global market share. They are also
merging with bio MEG manufacturing firms to maintain raw material supply for sustainable
market growth.
Table of Contents
Chapter 1 Executive Summary
1.1 Bio based PET - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Bio based PET Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Bio based PET Value Chain Analysis 2.4 Bio based PET Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Volatility in crude oil prices
2.4.1.2 Growing sustainable packaging market
2.4.1.3 Eco-friendly substitution
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
2.4.2 Market restraint analysis
2.4.2.1. Uncertain feedstock supply
2.4.2.2. Threat of substitutes
2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's
2.7 Bio based PET Competitive Landscape
2.8 Bio based PET - PESTEL Analysis
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help our clients obtain
clarity about their business environment and enable them to undertake strategic growth
initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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