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Bio-based PET Market - Global Industry Analysis, Growth, Forecast, 2013 - 2019

Polyethylene terephthalate (PET) is primarily used is packaging applications of food and beverages. It is used to package water, soft drinks, alcoholic beverages, and food among others. The demand for PET has been surging at a robust growth rate of
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Polyethylene terephthalate (PET) is primarily used is packaging applications of food and beverages. It is used to package water,
soft drinks, alcoholic beverages, and food among others. The demand for PET has been surging at a robust growth rate of more
than 9%, with its estimated global annual demand of more than 50 million tons per year. However as polyethylene terephthalate
is a downstream derivative of crude oil, the market is susceptible to the price volatility of crude oil.Moreover, the growing public
consciousness coupled with environmental sustainability factors has led to the development of bio-based polyethylene
terephthalate. Bio-based PET utilizes chemical intermediates which reduce the dependence on petroleum resources. Bio-based
PET is at a nascent stage in the market, and is commercially available as partially bio-based product. Most of the bio-based PET
available in the market is manufactured from bio-based ethylene glycol. However most of the market is still dominated by
traditional PET, utilizing fossil fuel, while bio-based PET accounts for about 40% of the global bio plastics production capacity.
The share of bio-based PET in bio plastics production is expected to rise astronomically in the foreseeable future.
Government initiatives have been undertaken to reduce carbon emission. The American Chemistry Council recently launched a
bio-based chemistry network; in order to educate policy makers to draft effective regulatory programs for the high growth biobased chemical industry. The popular craving for green plastics is another growth driver, as green packaging is marketed as an
USP by several companies to attract customers. Coca Cola introduced a concept called plant bottle, which essentially focused on
bio-based PET and promoted environmental consciousness among consumers. The company has plans to replace PET bottles by
plant bottles by the year 2020. The volatility of crude oil prices also indirectly affected the cost of production of PET. Lower cost
technologies and increasing manufacturing capacities have substantially increased the market attractiveness of bio-based PET.
Most of the bio-based PET is manufactured by fermentation of agricultural feed stocks such as sugarcane, corn and rice hull. The
introduction of innovative technologies for the production of bio-based PET is also expected to propel the market for bio-based
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Although bio-based PET is an environmentally sustainable alternative to traditional PET, according to some experts, even though
the climate impact of bio-based PET scores well, some other environmental factors are not taken care of. According to them the
farming and processing of the plants that are used as raw materials for the production of bio-based PET, cause severe
acidification of the soil and ground water, and adversely affects the environment.
Europe and North America leads the research and development of bio-based PET, while Europe accounts for the largest market
share of the product followed closely by North America.. The manufacturing base of bio-based PET has shifted to Asia Pacific and
South America due to the favorable and cost effective manufacturing scenario in the region. The consumption of bio-based PET
is expected to grow at the swiftest pace in Asia Pacific in the foreseeable future.
Some of the leading companies involved in the manufacturing of bio-based PET products are FMCG brands such as Coca Cola,
Pepsico, and Danone. Other manufacturers include Anellotech, Inc.,Gevo, Inc., Draths Corporation and Virent, Inc. among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
North America
Asia Pacific
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
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It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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Bio-Based PET Market, Global Bio-Based PET Market
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