The Global Bio-PET market presents a comprehensive analysis of the Bio-PET market by product type (Dimethyl Terephthalate Process and Terephthalic Acid Process), by end-user/application (Food and beverages product, Utilities material and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up.
Market Drivers
- Demand from a global soft drink company like Coca-Cola and Pepsi Co.
- Favorable government policies in developed economies
- Growing problems regarding greenhouse gasses along with the emergence of bioplastics as an substitutes
Market Trend
- Bio- PET is expanding its application in manufacturing automotive products and construction products over the next few years
- Increased inclination toward the adoption of green plastics
Restraints
- Scarcity of raw material
- Issues in commercialization
Geographic Segmentation and Analysis
This section of our report presents a realistic picture of the Global Bio-PET industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the Bio-PET, the United States has emerged as a crucial market for several Bio-PET brands.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)