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Bio-Based PET Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2023

Global Bio-Based PET Market Information: By Raw Material Source (Sugar, Molasses, Corn), Application (Bottles, Consumer Goods, Automotive, Electronics, And Others) And Region- Forecast Till 2023

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Bio-Based PET Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2023

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  1. Bio-Based PET Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

  2. Bio-Based PET Market Research Report- Forecast to 2023 Bio-Based PET Market -Overview Bio-based Polyethylene Terephthalate (PET) is produced from ethylene glycol that is obtained from plants. These plant sources include non-toxicity, recyclability, reduced carbon footprint, and a high resistance to shattering. Market Research Future (MRFR) has reported that the global bio-based PET market is anticipated to expand at a significant rate through the conjecture period. Attributable factors to the ascension of the bio-based PET market include the increasing adoption of environment-friendly products to curb climate change and its impact on human health and the fluctuating cost of petroleum-based products. The hazardous nature of traditional plastics is pushing governments all over the world to introduce stringent regulations to curb carbon emissions and the usage of harmful plastic products. This is also estimated to provide momentum to the upscaling of the global bio-based PET market. Moreover, rising demand for eco-friendly packaging in several end-use industries is leading to a surge in the consumption of bio-based PET products. Such industries include automotive, food & beverages, electrical & electronics, as well as consumer appliances. Such an upsurge in demand for bio-based PET products is expected to contribute significantly to market growth. Additionally, technological developments have allowed the production of 100% bio-based PET. For instance, the Plant PET Technology Collaborative (PTC) by Virent, Inc uses paraxylene using beet sugar instead of fossil fuels. These technological developments are anticipated to promote higher adoption of bio-based PET products, fueling growth in the market. www.marketresearchfuture.com

  3. Bio-Based PET Market Research Report- Forecast to 2023 Segmental Analysis The Global Bio-Based PET Market is segmented based on the Raw Material Source, Application and Region. The Raw Material Source to produce bio-based PET are sugar, molasses, and corn. The Global Bio-Based PET Market is segmented Based on the Application as bottles, consumer goods, automotive, electronics, and others. View Full Press Release @ https://www.marketresearchfuture.com/reports/bio-based-pet-market-5823 www.marketresearchfuture.com

  4. Bio-Based PET Market Research Report- Forecast to 2023 Regional Outlook The Global Bio-Based PET Market is spanned across five regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is the leading region in the Global Bio-Based PET Market due to the high production and use of the product in the packaging of food products, medical products, and automotive. The U.S. Toxic Substances Act, Clean Water Act, and Clean Air Act are few of the initiatives taken by the Government to protect the environment and human health, thereby, increasing the demand for Bio-Based Polymers. Furthermore, the presence of National Association for PET Container Resources (NAPCOR) in the U.S. and Canada to promote PET packaging is anticipated to drive the global market during the assessment period. The Asia Pacific is anticipated to be the fastest growing region in the Global Bio-Based PET Market due to high demand for the product from the consumer goods, electronics, and automotive industries. The increasing demand for these products can be attributed to the changing lifestyle and the high disposable income. The increasing production and sales of lightweight and efficient electronics and automotive in Japan and China have augmented the market growth. The Chinese government has implemented the VOC control policies in the country to limit the CO2 emissions, which are likely to fuel the market growth over the next seven years. Europe is the second largest region in the Bio-Based PET Market due to the increasing demand for the product from food & beverage, automotive, and pharmaceuticals industries in the region. The EU Commission has approved Reach to control the carbon emissions, which will boost the market growth. The high availability of raw material such as corn and maize in Brazil and Mexico may increase the production of Mono-Ethylene Glycol, which may further drive the Global Bio-Based PET Market in Latin America. www.marketresearchfuture.com

  5. Bio-Based PET Market Research Report- Forecast to 2023 Major Players in this Research Bio-Based PET Market Prominent Players: • Braskem (Brazil) • Gevo, Inc. (U.S.) • TEIJIN LIMITED (Japan) • Anellotech, Inc. (U.S.) • TORAY INDUSTRIES, INC. (Japan) • Indorama Ventures Public Company Limited (Thailand) • M&G Chemicals (Italy) • NatureWorks LLC (U.S.) • Novamont S.p.A (Italy) • Plastipak Holdings, Inc. (U.S.) • Amyris (U.S.) • Toyota Tsusho Corporation (Japan) Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5823 www.marketresearchfuture.com

  6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

  7. MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) www.marketresearchfuture.com

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