Bio-Based Pet Market - Global Industry Analysis, Forecast, 2013 – 2019

Transparency Market Research

Single User License:

Bio-based PET Market - Global

USD 4315.5

Industry Analysis, Size, Share,

 Flat 10% Discount!!

 Free Customization as per your requirement

Growth, Trends and Forecast, 2013  You will get Custom Report at Syndicated Report

2019

price



Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.co

m

Report will be delivered with in 15-20 working days

Request Sample

Buy Now

REPORT DESCRIPTION

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...