Global Bio-based Polyethylene Terephthalate (PET) Market Analysis & Forecasts to 2027: U.S. Market is Estimated at $833.1 Million, While China is Forecast to Grow at 14.3% CAGR - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Bio-based Polyethylene Terephthalate (PET) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Bio-based Polyethylene Terephthalate (PET) estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at a CAGR of 14.9% over the analysis period 2020-2027.

Bottles, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$5.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Technical segment is readjusted to a revised 15.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $833.1 Million, While China is Forecast to Grow at 14.3% CAGR

The Bio-based Polyethylene Terephthalate (PET) market in the U. S. is estimated at US$833.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 14.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.

Consumer Goods Segment to Record 16.4% CAGR

In the global Consumer Goods segment, USA, Canada, Japan, China and Europe will drive the 16.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$131.2 Million in the year 2020 will reach a projected size of US$375.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$890.5 Million by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• M&G Chemicals SA
• Teijin Ltd.
• The Coca-Cola Company
• Toray Industries, Inc.
• Toyota Tsusho Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Bio-based Polyethylene Terephthalate (PET) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

• World 15-Year Perspective for Bio-based Polyethylene Terephthalate (PET) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
• World 15-Year Perspective for Bottles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
• World 15-Year Perspective for Technical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
• World 15-Year Perspective for Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
• World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

• Market Facts & Figures
• Bio-based Polyethylene Terephthalate (PET) Market Share (in %) by Company: 2019 & 2025
• Market Analytics
• Current & Future Analysis for Bio-based Polyethylene Terephthalate (PET) by Application - Bottles, Technical, Consumer Goods and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
• Historic Review for Bio-based Polyethylene Terephthalate (PET) by Application - Bottles, Technical, Consumer Goods and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019
• 15-Year Perspective for Bio-based Polyethylene Terephthalate (PET) by Application - Percentage Breakdown of Value Sales for Bottles, Technical, Consumer Goods and Other Applications for the Years 2012, 2020 & 2027

IV. COMPETITION

• Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/kafbnj.