Global Bio-PET Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Bio-PET market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- TOYOTA TSUSHO CORPORATION
- ARKEMA S.A
- COCA COLA CO.
- EXXON MOBIL CORPORATION
- FORD MOTORS
- GEVO INC.
- H.J. HEINZ
- INDORAMA VENTURES
- PROCTER & GAMBLE
- PROCTER & GAMBLE
- TEIJIN LIMITED
- TORAY INDUSTRIES INC.
- VIRENT INC.
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Description of Bio-PET Market: The global bio-PET market is expected to witness a CAGR of over 11% during the forecasted period, majorly driven by growing popularity of bio-PET in food & beverage packaging, especially bottles, which is experiencing huge demand from global soft drink majors, like Coca-Cola and Pepsi Co.
Favorable Regulatory Policies towards Bio-PET Driving the Market
Bio-PET (Polyethylene Terephthalate) is made of sustainable raw materials and is deemed to be less harmful than PET bottles made of raw materials derived from crude oil. Many people from developed nations, worldwide are voluntarily giving up the consumption of plastic bottles that are difficult to recycle, due to their harmful effects on environment in terms of greenhouse emissions. Bio-PET offers a sustainable alternative to these petroleum based ones and the government regulations that are drafted to reduce the greenhouse emissions are expected to favorably affect the Bio-PET market.
Bottle the Dominating Application
Bottles are the major application for PET and bio-PET is expected to be used largely in the manufacture of these bottles in the future. The demand for these bottles, especially from soft drink manufacturers, like Pepsi Co. and Coca-Cola is expected to hugely boost the bio-PET market. These companies are actively spending huge resources in the manufacture of bio-PET bottles and are doing their part in order to protect the environment.
Asia Pacific, the Principal Region in Growth of bio-PET
The Asia-pacific is home to half of the population in the world and its consumption of PET bottles is in a huge scale. This region is expected to play a prominent role in the growth, in usage of bio-PET, as it is massively helps for the wide-scale acceptance of bio-PET in multiple applications like textile, packaging etc. The high cost of bio-PET is a deterrent or its wide acceptance in this region due to the cost conscious nature of the consumer. Major manufacturers are focusing on lowering the price of bio-PET, and the success in lowering the prices hugely affects the market shift towards bio-PET.
Bio-PET Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Bio-PET Market players in detail. Bio-PET Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reason to Purchase this ReportTo understand the impact of various applications on the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisTo understand the dominating application in the marketCountries expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel
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The Global demand for Bio-PET Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Bio-PET Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Bio-PET Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Bio-PET Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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