Transparency Market Research Single User License: Bio-based PET Market - Global USD 4315.5 Industry Analysis, Size, Share, Flat 10% Discount!! Free Customization as per your requirement Growth, Trends and Forecast, 2013 You will get Custom Report at Syndicated Report 2019 price Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.co m Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT 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 biobased 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. View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=2303 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 About Us Transparency Market Research is a market intelligence company providing global business information reports and services. 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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. Browse Full Report with TOC:http://www.transparencymarketresearch.com/bio-based-pet-market.html
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