Bio-Based PET In-Depth Industrial and Market studies - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2017 - 2019
Albany, New York, Feb 03, 2017
"Bio-Based
PET Market - Global Industry Analysis, Size, Share, Growth, Trends
And Forecast, 2013 - 2019"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
Polyethylene
terephthalate (PET) is primarily used is packaging applications of
food and beverages. It is used to package water, soft drinks,
alcoholic beverages, and food among others. The demand for PET has
been surging at a robust growth rate of more than 9%, with its
estimated global annual demand of more than 50 million tons per year.
However as polyethylene terephthalate is a downstream derivative of
crude oil, the market is susceptible to the price volatility of crude
oil.
Moreover,
the growing public consciousness coupled with environmental
sustainability factors has led to the development of bio-based
polyethylene terephthalate. Bio-based PET utilizes chemical
intermediates which reduce the dependence on petroleum resources.
Bio-based PET is at a nascent stage in the market, and is
commercially available as partially bio-based product. Most of the
bio-based PET available in the market is manufactured from bio-based
ethylene glycol. However most of the market is still dominated by
traditional PET, utilizing fossil fuel, while bio-based PET accounts
for about 40% of the global bio plastics production capacity. The
share of bio-based PET in bio plastics production is expected to rise
astronomically in the foreseeable future.
Government
initiatives have been undertaken to reduce carbon emission. The
American Chemistry Council recently launched a bio-based chemistry
network; in order to educate policy makers to draft effective
regulatory programs for the high growth bio-based chemical industry.
The popular craving for green plastics is another growth driver, as
green packaging is marketed as an USP by several companies to attract
customers. Coca Cola introduced a concept called plant bottle, which
essentially focused on bio-based PET and promoted environmental
consciousness among consumers. The company has plans to replace PET
bottles by plant bottles by the year 2020. The volatility of crude
oil prices also indirectly affected the cost of production of PET.
Lower cost technologies and increasing manufacturing capacities have
substantially increased the market attractiveness of bio-based PET.
Most of the bio-based PET is manufactured by fermentation of
agricultural feed stocks such as sugarcane, corn and rice hull. The
introduction of innovative technologies for the production of
bio-based PET is also expected to propel the market for bio-based
PET.
Although
bio-based PET is an environmentally sustainable alternative to
traditional PET, according to some experts, even though the climate
impact of bio-based PET scores well, some other environmental factors
are not taken care of. According to them the farming and processing
of the plants that are used as raw materials for the production of
bio-based PET, cause severe acidification of the soil and ground
water, and adversely affects the environment.
Europe
and North America leads the research and development of bio-based
PET, while Europe accounts for the largest market share of the
product followed closely by North America.. The manufacturing base of
bio-based PET has shifted to Asia Pacific and South America due to
the favorable and cost effective manufacturing scenario in the
region. The consumption of bio-based PET is expected to grow at the
swiftest pace in Asia Pacific in the foreseeable future.
–
Some of the leading companies involved in the manufacturing
of bio-based PET products are FMCG brands such as Coca Cola, Pepsico,
and Danone. Other manufacturers include Anellotech, Inc.,Gevo, Inc.,
Draths Corporation and Virent, Inc. among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
– This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
– Reasons
for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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