Bio-Based Polyethylene Terephthalate (Pet) Market Share Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Bio-based Polyethylene Terephthalate (PET) Market Share

Market Size, Application Analysis, Regional Outlook,

Competitive Strategies And Forecasts, 2012 To 2020

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 Inc.

Industry Research,Custom Research & Consulting

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...