Global Bio-based Polyethylene Terephthalate Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global bio-based polyethylene terephthalate market in its upcoming report titled, “Global Bio-based Polyethylene Terephthalate Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global bio-based polyethylene terephthalate market is estimated to register a CAGR of 15.0 % in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bio-based polyethylene terephthalate market has been segmented on the basis of application, end use industry, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Polyethylene Terephthalate is also termed as PETE or PET. Polyethylene Terephthalate is a plastic resin of polyester which is extensively used as a packaging material owing to its properties such as high versatility, strength, and recyclability. Bio-based polyethylene terephthalate is a resin manufactured from terephtalic acid, and ethylene glycol which is obtained from plants such as sugar cane and sugar beet by thermo-chemical process. Polyethylene Terephthalate possess environment friendly qualities, such as reduction in GHG emissions, and carbon footprint.

Growing consumption of bio-based polyethylene terephthalate, owing to the regulations imposed by various governments to reduce greenhouse gases emission, is a major factor driving growth of the global bio-based polyethylene terephthalate market. In addition, rising demand for bio-based polyethylene terephthalate due to increasing consumption of beverages is another factor expected to fuel growth of the target market over the forecast period.

However, availability of substitutes such as bio-based polyethylene furanoate (PEF) is major factor expected to limit growth of the global bio-based polyethylene terephthalate market over the forecast period.

Currently, market in Asia-Pacific accounts for highest market share in the global bio-based polyethylene terephthalate market in terms of revenue. This can be attributed to increasing support from regulating bodies to reduce greenhouse emissions, in the region. The market in North-America is also expected to witness significant growth over the forecast period, owing to increasing demand for bio-based polyethylene terephthalate due to rising initiatives to reduce greenhouse emissions and use of sustainable packaging, in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.

Global bio-based polyethylene terephthalate market segmentation:

By application:

• Bottles
• Foam
• Pressure sensitive adhesive tape
• Substrate in thin film solar cells
• Cosmetics

By end-use industry:

• Packaging
• Consumer goods
• Automotive
• Semiconductor Electronics

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa