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Global Bio-based PET Market 2017-2021

Global Bio-based PET Market 2017-2021

About Bio-based PET

Bioplastics are plastics derived from renewable biomass sources such as corn starch, vegetable fats and oils, and microbiota. They (bioplastics) can be produced from agricultural by-products, used plastic bottles, and containers using microorganisms. Conventional plastics, such as fossil-fuel plastics (also known as petroleum-based polymers) are derivatives of petroleum or natural gas. Compared with the manufacturing of bio-based polymers (bioplastics), these plastics require large amounts of fossil fuels and lead to high greenhouse gas emissions.

Technavio’s analysts forecast the global bio-based PET market to grow at a CAGR of 25.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global bio-based PET market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Bio-based PET Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GEVO
  • Nestlé
  • PepsiCo
  • THE COCA-COLA COMPANY
  • Toyota Tsusho Corporation
Other prominent vendors
  • Anellotech
  • Danone
  • M&G Chemicals
  • Plastipak Holdings
  • TORAY INDUSTRIES
  • TEIJIN LIMITED
Market driver
  • Strategic alliances and collaborations
  • For a full, detailed list, view our report
Market challenge
  • High price and shortage of raw materials
  • For a full, detailed list, view our report
Market trend
  • Reduction in rigid packaging waste
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Bio-based PET Market 2017-2021

Technavio recognizes the following companies as the key players in the global bio-based PET market: GEVO, Nestlé, PepsiCo, THE COCA-COLA COMPANY, and Toyota Tsusho Corporation.

Other Prominent Vendors in the market are: Anellotech, Danone, M&G Chemicals, Plastipak Holdings, TORAY INDUSTRIES, and TEIJIN LIMITED.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is reduction in rigid packaging waste. Post-consumer packaging waste in Europe and the Americas varies according to the legislation and available infrastructure for collection and recovery of particular wastes. According to the Packaging and Packaging Waste Directive, around 65% of all the packaging used in the European Union (EU) should be recovered. However, around 43%, i.e.,10 million tons of post-consumer plastics are buried and incinerated. The European waste legislation aims at achieving sustainability in Europe.”

According to the report, one driver in the market is strategic alliances and collaborations. Market players collaborate and form alliances for the development of innovative products, manufacturing processes, and technologies. These collaborations are expected to overcome market restraints during the forecast period. Strategic alliances and collaborations among the world’s largest manufacturing companies of bio-based PET and raw material providers have led to market growth in the recent few years. Companies are increasingly switching to bio-based plastic materials and investing in technologies to ensure sustainable product development.

Further, the report states that one challenge in the market is high price and shortage of raw materials. Bio-based products are assessed on strategic performance and technical performance. Bio-based plastics are usually costlier than the traditional materials. Companies face supply chain challenges when they switch raw materials. Multinational brand owners such as THE COCA-COLA COMPANY, Nestlé, PepsiCo, Danone, Ford Motor Company, Mazda, Toyota, Procter & Gamble, AT&T and other companies use bioplastics in their products or packaging. Companies are willing to pay a high price for technical-grade bioplastics.

Companies Mentioned

GEVO, Nestlé, PepsiCo, THE COCA-COLA COMPANY, and Toyota Tsusho Corporation, Anellotech, Danone, M&G Chemicals, Plastipak Holdings, TORAY INDUSTRIES, and TEIJIN LIMITED.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global production capacity of bioplastics by type 2016 (% share)
  • Market landscape
    • Market overview
      • Table Segmentation of global bio-based PET market
    • Market size and forecast
      • Table Global bio-based PET market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global bio-based PET market by application
      • Table Global production capacity of bioplastics in various industry 2016 (% share of volume)
      • Table Global bio-based PET market by application 2016 (% share of revenue)
      • Table Global bio-based PET market by application 2021 (% share of revenue)
      • Table Global bio-based PET market by application 2016-2021 (% share of revenue)
    • Global bio-based PET market by bottles
      • Table Global bio-based PET market by bottles 2016-2021 ($ millions)
    • Global bio-based PET market by technical applications
      • Table Global bio-based PET market by technical applications 2016-2021 ($ millions)
    • Global bio-based PET market by consumer goods
      • Table Global bio-based PET market by consumer goods 2016-2021 ($ millions)
    • Global bio-based PET market by other applications
      • Table Global bio-based PET market by other applications 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global bio-based PET market by region 2016-2021 (% share of revenue)
      • Table Global bio-based PET market by region 2016 (% share of revenue)
      • Table Global bio-based PET market by region 2021 (% share of revenue)
      • Table Regional production capacity of bioplastics 2016 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ million)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Bio-based PET recycling process
      • Table Types of PET packaging
    • Market challenges
      • Table WTI crude oil prices 2011-2015 ($ per barrel)
  • Market trends
    • Reduction in rigid packaging waste
      • Table Process of bio-based plastics after use (%)
    • Technological innovations in PET
    • Production of 100% bio-based PET bottles
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in global bio-based PET market 2016
    • Other prominent vendors
  • Key vendor analysis
    • GEVO
      • Table GEVO: Business segmentation by revenue 2016 (%)
    • Nestlé
      • Table Nestlé: Geographical segmentation by revenue 2016 (% share)
      • Table Nestlé: Business segmentation by revenue 2016 (% share)
    • PepsiCo
      • Table PepsiCo: Geographical segmentation by revenue 2016 (% share)
      • Table PepsiCo: Operating segments by revenue 2016 (% share)
    • THE COCA-COLA COMPANY
      • Table THE COCA-COLA COMPANY: Geographical segmentation by revenue 2016 (% share)
      • Table THE COCA-COLA COMPANY: Operating segments by revenue 2016
    • Toyota Tsusho Corporation
      • Table Toyota Tsusho Corporation: Business segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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