Global Bio-Based Polyethylene Terephthalate Market (2021-2026) by Manufacturing Process, Application, End-User, Raw Materials, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Bio-Based Polyethylene Terephthalate Market is estimated to be USD 632. 45 Mn in 2021 and is expected to reach USD 1122. 08 Mn by 2026, growing at a CAGR of 12. 15%.



Market Dynamics

The factors such as the increasing demand for eco-friendly packaging, joined with the government regulations imposed to reduce GHG emission, owing to the growing awareness of the harmful nature of conventional plastic, have prompted the demand for the Bio-based PET market. The increasing trend of e-commerce, increasing disposable income, and rising trend of packed food and beverages are expected to spur market growth. In addition, the growing demand for lightweight and sustainable eco-friendly materials in the automotive sector has escalated to the growth of the market. However, some factors such as lack of raw materials and easy availability of alternative biopolymers are anticipated to the market growth.
Innovations in technology being bought up by the key players are expected to generate untapped opportunities for the market participants.

Market Segmentation

The Global Bio-Based Polyethylene Terephthalate Market is segmented further based on Manufacturing Process, Application, End-User, Raw Materials, and Geography.

By Manufacturing Process, the market is classified into extrusion, injection molding, blow molding, thermoforming, film blowing, and fiber spinning. Amongst all, the extrusion segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified into bottles, foam, pressure-sensitive adhesive tape, a substrate in the thin film, solar cells, and cosmetics. Amongst all, the bottles segment is estimated to hold the highest market share during the forecast period.

By End-User, the market is classified into packaging, automotive, textile, consumer goods, and semiconductor electronics. Amongst all, the packaging segment is estimated to hold the highest market share during the forecast period.

By Raw Material, the market is classified into Sugar, Molasses, and Corn. Amongst all, the sugar segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Toyota Tsusho, Mitsui Chemicals, and Neste collaborate to start Japan's first production of renewable plastics from 100% bio-based hydrocarbons. - 20th May 2020.
2. Origin Materials proposes to merge with SPAC Artius acquisition in a Pro-forma deal of ~US$1.8 Bn, with net cash to Origin of ~US$863 Mn, set to complete Q2 2021-19th March 2021.

Company Profiles

Some of the companies covered in this report are Amyris, Anellotech, Avantium Technologies, Braskem, Dark America, Draths Corporation, Gevo, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Bio-Based Polyethylene Terephthalate Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market