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PPT-Bio Based Polyethylene Terephthalate (PET) Market: Global Market Insights, Inc.

Biobased Polyethylene Terephthalate (Bio PET) Market size is forecast to increase from over 490 kilo tons in 2015, at more than 42% CAGR gains up to 2023.

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PPT-Bio Based Polyethylene Terephthalate (PET) Market: Global Market Insights, Inc.

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  1. Bio Based Polyethylene Terephthalate (PET) Market 2016 – 2023

  2. Global Market Scenario of Bio Based PET • BiobasedPolyethylene Terephthalate(Bio PET) market size is forecast to increase from over 490 kilo tons in 2015, at more than 42% CAGR gains up to 2023. • Global sustainable packaging market generated over USD 195 billion in revenue for 2015 and is set to exceed USD 265 billion in 2023, growing at more than 4.7% CAGR up to 2023. • Rising consumer awareness accompanied by stringent environmental regulations by EU pertaining to promote eco-friendly products is expected key trending factor to drive global biobased PET market growth. • Australia launched APC (Australian Packaging Covenant) and PPSS (Packaging Product Stewardship Scheme) to facilitate sustainable packaging. • multinational companies including Coca-Cola, Ford Motor, H.J. Heinz, Nike, and Procter & Gamble have signed a Plant PET Technology Collaborative (PTC), to accelerate the development and use of 100% bio based polyethylene terephthalate intended for plastic bottles, apparels, footwear, technical seat trims and floor carpets. • https://www.gminsights.com/industry-analysis/bio-based-PET-market

  3. Continue..... • Global biomass derived chemicals demand is set to surpass over 8.5 million tons by 2023, from around 4.5 million tons in 2014, growing at more than 9.5% CAGR. • Growing biomass derived chemicals consumption owing to consumer awareness related to the benefits associated with it may stimulate bio based PET market size. • Bio based polyethylene terephthalate is a sugar derived ethanol product and have 30% bio MEG.  • Shift in focus to reducing green house gas (GHG) emission owing to increasing pollution & health hazards may fuel bio based polyethylene terephthalate market. • Kyoto protocol adoption in various countries such as Australia, Japan, and Canada along with Montreal protocol by the U.S. and Canada may restrict product’s usage contributing GHG emission. • https://www.gminsights.com/industry-analysis/bio-based-PET-market

  4. Latin America bio PET market size, by application, 2012-2023 (Kilo Tons) https://www.gminsights.com/industry-analysis/bio-based-PET-market

  5. 360° Analysis • Application Analysis • Bottling applications dominated the global demand and were worth over USD 910 million in 2015. Growing beverage consumption in BRICS coupled with company initiatives to promote green technology is forecast to drive packaging activities, which should fuel bio based polyethylene terephthalate market. • Regional Analysis • North America, dominated by the U.S. bottle application, is forecast to gain over 41% CAGR up to 2023.  • Latin America, benefiting from Brazilian sugarcane feedstock supply, may witness significant growth rates up to 2023.  • Competitive Market Share • Global bio based PET market share is fairly competitive owing to limited manufacturers’ presence. Coca Cola, Toray Industries, Teijin Limited, M&G chemicals, Toyota Tsusho, and Plastipak holdings are some of the key market players. Raw material manufacturers, Gevo, Virentand Anellotech, have invested to develop bio-based PTA to aim for 100% bio based PET production.

  6. Latest Research Report On Bio based PET Market@ https://www.gminsights.com/industry-analysis/bio-based-PET-market Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/446

  7. Stay In Touch You can visit us at: www.gminsights.com

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