What Are The Types And Applications Of Bio based PET

A bio-based PET is manufactured from ethylene glycol which is extracted from plant sources including sugar, molasses, and corn and is composed of 25%-30% of mono-ethylene glycol (MEG) and terephthalic acid. Bio-based PET is known for its characteristic features including non-toxicity, recyclability, minimal carbon footprint, and high resistance to shatter. It is widely used for the production of several packaging solutions, including in the food and beverages and automotive industries.

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The Bio based PET market has witnessed a significant growth owing to factors growing demand for bio-based PET across diversified application bases. Moreover, increase in government initiatives across several countries to promote the use of bio-based and biodegradable materials provides a huge market opportunity for the key players operating in the Bio based PET market. However, high cost associated with bio based PET is projected to hamper the overall growth of the Bio based PET market.

The "Global Bio based PET Market Analysis to 2027" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Bio based PET market with detailed market segmentation by raw material and application and geography. The global Bio based PET market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Bio based PET market players and offers key trends and opportunities in the market.

The global Bio based PET market is segmented on the basis of raw material and application. On the basis of raw material, the Bio based PET market is segmented into sugar, molasses and corn. On the basis of application, the Bio based PET market is segmented into consumer goods, automotive, electronics and others.

Key Players

Amyris

Anellotech, Inc

Braskem

Draths Corporation

Gevo, Inc.

M and G Chemicals

NatureWorks LLC

Novamont S.p.A

TEIJIN LIMITED

TORAY INDUSTRIES, INC.