Bio-Based PET Market Report: Trends, Forecast and Competitive Analysis to 2030

Bio-Based PET Market Report: Trends, Forecast and Competitive Analysis to 2030

Bio-Based PET Trends and Forecast

The future of the global bio-based PET market looks promising with opportunities in the bottles, technical, and consumer goods markets. The global bio-based PET market is expected to grow with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are environmental factors encouraging a paradigm shift and growing greenhouse gases emission concerns.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Bio-Based PET by Segment

The study includes a forecast for the global bio-based PET by end use industry, application, and region.

Bio-Based PET Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Packaging
• Electrical & Electronics
• Automotive
• Others

Bio-Based PET Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Bottles
• Technical
• Consumer Goods
• Others

Bio-Based PET Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bio-Based PET Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-based PET companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-based PET companies profiled in this report include-

• Teijin
• Novamont
• Solvay
• PTT Global Chemical
• Toray Industries

Bio-Based PET Market Insights

Lucintel forecasts that packaging is expected to witness the highest growth over the forecast period due to increasing demand for sustainable and eco friendly products.

Within this market, bottles will remain the largest segment due to the growing importance of sustainable packaging among csd manufacturers including the coca-cola company and pepsico.

APAC is expected to witness highest growth over the forecast period due to the growing awareness regarding the importance of bioplastics in developed countries including japan and south korea.

Features of the Global Bio-Based PET Market

Market Size Estimates: Bio-based pet market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bio-based pet market size by end use industry, application, and region in terms of value ($B).

Regional Analysis: Bio-based pet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different end use industry, application, and regions for the bio-based PET market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio-based PET market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for bio-based PET market?

Answer: The global bio-based PET market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the bio-based PET market?

Answer: The major drivers for this market are environmental factors encouraging a paradigm shift and growing greenhouse gases emission concerns.

Q3. What are the major segments for bio-based PET market?

Answer: The future of the bio-based PET market looks promising with opportunities in the bottles, technical, and consumer goods markets.

Q4. Who are the key bio-based PET market companies?

Answer: Some of the key bio-based PET companies are as follows:

• Teijin
• Novamont
• Solvay
• PTT Global Chemical
• Toray Industries

Q5. Which bio-based PET market segment will be the largest in future?

Answer: Lucintel forecasts that packaging is expected to witness the highest growth over the forecast period due to increasing demand for sustainable and eco friendly products.

Q6. In bio-based PET market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the growing awareness regarding the importance of bioplastics in developed countries including japan and south korea.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bio-based PET market by end use industry (packaging, electrical & electronics, automotive, and others), application (bottles, technical, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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