London, 03 July 2015 – Technavio has published a new report on the global bio-based polyethylene terephthalate (PET) market, which is expected to grow at a CAGR of more than 68% from 2015-2019.
About the Report
The latest market research report by Technavio highlights companies like Coca-Cola that manufacture bottles from sugarcane ethanol-based Monoethylene Glycol (MEG), and petro-based Purified Terephthalic Acid (PTA).
“Coca-Cola, Nike, and Toyota have collaboratively formed a company named PlantBottle that manufactures bio-based PET bottle, which is the first fully-recyclable PET plastic beverage bottle made using 30% bio-based material. It will result in a smaller carbon footprint,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the increase use of bio-reagents. More and more companies are trying to manufacture bio-based Purified Terephthalic Acid (PTA) to enable the production of 100% bio-based PET.
“Bio-based PET is different from conventional plastics and can be used in the manufacturing of products like tools, bags, beds, furniture, carpets, films, bottles, cups, and other packaging materials,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global bio-based polyethylene terephthalate (PET) market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of bio-based PET in various industries and for experimental and laboratory use.
Key Information Covered in the Report:
Key Vendors:
- Anellotech Inc.
- Coca-Cola
- Gevo Inc.
- PepsiCo
- Toyota Tsusho Inc.
Market Growth Drivers:
- Growing Use of Bio-based PET in CSD Market
- For a full detailed list, view our report.
Market Challenges:
- Volatility in Crude Oil Prices
- For a full detailed list, view our report.
Market Trends:
- Increase in Use of Bio Reagents
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
