Bio Polyethylene Terephthalate Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
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Bio Polyethylene Terephthalate Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
The Bio Polyethylene Terephthalate Market is segmented by Application Type (Consumer Goods, Technical, Bottles, and Other Packaging) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The Bio Polyethylene Terephthalate Market is segmented by Application Type...
The Bio Polyethylene Terephthalate Market is estimated to grow at a healthy CAGR of 12.5% during the forecast period.
Bio Polyethylene Terephthalate Market Features
Market Growth (2022-2027)
12.5% CAGR
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2027
Bio Polyethylene Terephthalate is a plastic that is usually based on 30% renewable raw material and 70% oil-based raw material and is frequently utilized in the packaging sector. Consumer awareness of biomass-derived products is growing, and the EU's stringent government regulations to encourage environmentally friendly products are likely to drive the bio-based PET market during the forecast period.
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Application Type
Consumer Goods
Technical
Bottles
Other Packaging
By Region
North America
Europe
Asia-Pacific
Rest of the World
By Application Type
The market is bifurcated into consumer goods, technical, bottles, and other packaging. Bottles are expected to account for the major share of the market owing to growing food and beverage consumption in emerging economies, as well as corporate initiatives to promote green technology, fuelling the segment growth over the forecast period. Technical application, on the other hand, is likely to witness significant growth due to its lightweight and high shatter resistance, positively influencing the manufacturing of exterior and interior technical parts.
Regional Analysis
In terms of regions, North America is estimated to witness significant growth in the market with the U.S. being the major growth engine of the region. Growing demand for green packaging and new technological innovations are likely to accelerate the regional market growth during the forecast period. Asia-Pacific, led by Japan, India, and China, is expected to hold a significant share of the market due to the rising consumption of alcoholic beverages and fizzy soft drinks in the region.
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Key Players
The following are some of the key players in the bio polyethylene terephthalate market:
M&G Chemicals S.A.
Plastipak Holdings Inc.
Teijin Limited
The Coca-Cola Company
Toray Industries, Inc.
Toyota Tsusho Corporation.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s bio polyethylene terephthalate market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Bio Polyethylene Terephthalate Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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Consumer awareness of biomass-derived products is growing, and the EU's stringent government regulations to encourage environmentally friendly products are likely to drive the bio-based PET market during the forecast period.
North America is estimated to dominate the market during the forecast period, with the United States serving as the primary growth engine due to rising demand for green packaging and new technological innovations, accelerating regional market growth.
Asia-Pacific is estimated to grow at the highest pace in the market on account of the increasing consumption of alcoholic beverages and fizzy soft drinks in the region.
Bottles are estimated to remain dominant in the market on account of growing food and beverage consumption in emerging economies, as well as corporate initiatives to promote green technology, fuelling the segment growth over the forecast period.
M&G Chemicals S.A., Plastipak Holdings Inc., Teijin Limited, The Coca-Cola Company, Toray Industries, Inc., and Toyota Tsusho Corporation are some of the key players in the bio polyethylene terephthalate market.
