BIO-BASED PET MARKET Global Industry Share, Size, & Analysis 2017-2025
BIO-BASED PET (POLYETHYLENE TEREPHTHALATE) MARKET “The bio-based polyethylene terephthalate market size is anticipated to expand at a CAGR of 21.76% . “ The market revenue is also expected to rise from $4099 million in 2016 to $24091 million by 2025 The base year considered for the rubber additives market report is 2016 and the forecast period is from 2017 to 2025. Rising utilization of sustainable packaging, and instability in crude oil prices are the dominant drivers of the global bio PET market. Inkwood Research
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Market Insights The Bio-Based PET (POLYETHYLENE TEREPHTHALATE) market is segmented by application on the basis of bottles, packaging, automotive, fibers and others. Irregular supply of feedstock, lack of cultivable land and easy availability of alternate products are restricting the growth of the market. Supportive government regulations, hazardous nature of conventional plastics, increasing production activity and rising government support in the Asia-pacific region are some of the factors that may open up new doors for the bio based pet market.
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Presence of alternative biopolymers and industrialization and urbanization leading to conversion of agricultural land into industrial area are the challenges faced by the bio based pet market.
Regional Insights
North America
Asia-pacific
Europe
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The Bio-based PET Market of North
The Bio-based PET Market of Europe
The Asia-pacific Bio-based PET Market size
America region is expected to develop
region is to expand from the year 2016
is anticipated to expand from $1418 million
from the year 2016 $1156 million to $6900
$1041 million to $6467 million by 2025, the
in 2016 to $8024 million by 2025, at a CAGR
million by 2025, the CAGR during the
CAGR during the estimated period is
of 21.27% between 2017 and 2025
forecast period is 21.95%.
22.49%.
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Global Bio-based PET Market Forecast 2017-2025 Request Free Sample! Download Now The Global bio-based PET (polyethylene terephthalate) market size is anticipated to expand from $4099 million in 2016 to $24091 million by 2025, at a CAGR of 21.76% between 2017 and 2025. Inkwood Research
Global Bio-based PET Ma rket Growing at a
CAGR 21.76% During the Forecast Period of
2017-2025
North America Biobased PET Market Forecast 2017-2025 Request Free Sample! Download Now The Bio-based PET Market of North America region is expected to develop from the year 2016 $1156 million to $6900 million by 2025, the CAGR during the forecast period is 21.95%. Inkwood Research
North America Bio-based PET Market Growing at a
CAGR 21.95% During the Forecast Period of
2017-2025
Europe Bio-based PET Market Forecast 2017-2025 Request Free Sample! Download Now The Bio-based PET Market of Europe region is to expand from the year 2016 $1041 million to $6467 million by 2025, the CAGR during the estimated period is 22.49%. Inkwood Research
Europe Bio-based PET Market Growing at a
CAGR 22.49% During the Forecast Period of
2017-2025
Asia-pacific Bio-based PET Market Forecast 2017-2025 Request Free Sample! Download Now The Asia-pacific Bio-based PET Market size is anticipated to expand from $1418 million in 2016 to $8024 million by 2025, at a CAGR of 21.27% between 2017 and 2025 Inkwood Research
Asia-pacific Bio-based P ET Market Growing at a
CAGR 21.27% During the Forecast Period of
2017-2025
Competitive Insights Major players in the bio PET market are Braskem, Dak America, Indorama Ventures, M&G Chemicals, Novamont S.p.A, Teijin Limited, Tianjin Greenbio Materials, Toray Industries, Toyota Tsusho, BASF, Avantium Technologies, Gevo Inc, Du Pont, Plastipak Packaging Inc and Lotte Chemical.
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