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.
In February, 2018 Braskem has partnered with Haldor Topsoe for the production of Monoehtylene Glycol (MEG) from sugar. MEG is a key ingredient in production of PET and bio based MEG is used in the manufacture of bio-PET for a sustainable future. The plant is expected to experiment with raw materials like second-generation sugars, sucrose and dextrose
Major Players: Arkema, Exxon Mobil Corporation, Ford Motors, Coca-Cola Co., and PepsiCo, amongst others.
Reason to Purchase this Report
To understand the impact of various applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Demand for Bottles from Food Packaging
4.1.2 Favorable Regulatory Policies in Developed Economies
4.2.1 Scarcity of Raw Material
4.2.2 Issues in Commercialization
4.3.1 Focus Towards Renewable Sources
5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 By Application
5.1.3 Consumer Durables
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
9.1 Toyota Tsusho Corporation
9.3 Arkema S.A
9.4 Coca Cola Co.
9.5 Exxon Mobil Corporation
9.6 Ford Motors
9.7 Gevo Inc.
9.8 H.J. Heinz
9.9 Indorama Ventures
9.12 Procter & Gamble
9.13 Procter & Gamble
9.14 Teijin Limited
9.15 Toray Industries Inc.
9.16 Virent Inc.
..List not exhaustive
**Subject to availability of public domain
- 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.