Bio Based Polyethylene Terephthalate (Bio PET)
Market
Bio Based Polyethylene Terephthalate (Bio PET)
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Bio Based Polyethylene Terephthalate (Bio PET)
Market Size and Growth
The Bio-Based Polyethylene Terephthalate (Bio PET) market is witnessing significant growth, driven by increasing demand for sustainable packaging solutions. The global market size is projected to reach approximately USD 2 billion by 2026, fueled by environmental regulations and consumer preference for eco-friendly products, highlighting the shift towards renewable materials in various industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ Braskem
◍ Coca-Cola
◍ Gevo
◍ Indorama Ventures
◍ M&G Chemicals
◍ Anellotech
◍ NatureWorks
◍ Novamont
◍ Pepsi
◍ Plastipak
◍ Teijin
◍ Tianan Biologic Materials
◍ Amyris
◍ Toray
◍ Toyota Tsusho
The Bio PET market features companies like Braskem, Coca-Cola, and Indorama Ventures, which produce and promote bio-based PET for sustainable packaging. These firms innovate in production processes, enhance product offerings, and drive demand for eco-friendly materials.
Notable sales include Indorama Ventures ($3.76 billion) and Coca-Cola ($38.66 billion).
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Market Segmentation
By Application
Consumer Goods
Automotive
Electronics
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By Product
Dimethyl terephthalate process
Terephthalic acid process
Market Growth
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$ X Billion USD
