DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Bio-based Polyethylene Terephthalate (PET) Market, 2014 - 2025" report to their offering.
The global bio-based Polyethylene Terephthalate (PET) market is expected to reach USD 6.73 billion by 2025. Growing demand for sustainable packaging solutions including bottles and cartons is expected to drive the demand for bio-based PET. The adoption of Kyoto Protocol in economies, such as Japan, Australia, and Canada, and the Montreal Protocol in the U.S. and Canada, are expected to further restrict the use of products contributing to GHG emission, thus, driving the demand for bio-based products such as PET.
Consumer goods are projected to witness growth at a CAGR of 11.2%, in terms of volume, from 2016 to 2025. Rising demand for eco-friendly packaging among personal care companies including P&G is expected to play a vital role in increasing the market size for bio-based PET in consumer goods.
Central & South America is projected to be one of the most lucrative destinations for producing bio-based PET on account of abundance availability of sugar alcohol sources including corn and sugarcane in Brazil. In addition, rapid growth of soft drinks market in Brazil is expected to remain a key driving factor over the next nine years.
Rapid industrialization across the Middle East is anticipated to drive the growth of various sectors such as construction, packaging, electronics, and automotive in the region which is expected to play a fundamental role in increasing the demand for bio-based PET over the next nine years. The market is estimated to be worth USD 241.6 million by 2025.
- The Coca-Cola Company
- Toyota Tsusho
- Toray Industries
- M& G Chemicals
- Teijin Limited
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Bio-based PET Market Variables, Trends & Scope
4. Bio-based PET Market: Application Estimates & Trend Analysis
5. Bio-based PET Market: Regional Estimates & Trend Analysis
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/8wfxj7/biobased