Technavio Says Growing Use in Bottle Manufacturing Will Impact the Global Bio-Based PET Market Through 2019
June 29, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global bio-based polyethylene terephthalate (PET) market, which is expected to grow at a CAGR of more than 68% from 2015-2019.
About the Report
The latest market research report by Technavio highlights companies like Coca-Cola that manufacture bottles from sugarcane ethanol-based Monoethylene Glycol (MEG), and petro-based Purified Terephthalic Acid (PTA).
“Coca-Cola, Nike and Toyota have collaboratively formed a company named PlantBottle that manufactures bio-based PET bottle, which are the first fully-recyclable PET plastic beverage bottles made using 30% bio-based materials,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the increased use of bio-reagents in manufacturing. More and more companies are trying to manufacture bio-based Purified Terephthalic Acid (PTA) to enable the production of 100% bio-based PET.
“Bio-based PET is different from conventional plastics and can be used in the manufacturing of products like tools, bags, beds, furniture, carpets, films, bottles, cups, and other packaging materials,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global bio-based polyethylene terephthalate (PET) market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of bio-based PET in various industries and for experimental and laboratory use.
Key Information Covered in the Report:
- Key Vendors:
- Anellotech Inc.
- Coca-Cola
- Gevo Inc.
- PepsiCo
- Toyota Tsusho Inc.
- Market Growth Drivers:
- Growing Use of Bio-based PET in CSD Market
- For a full detailed list, view our report.
- Market Challenges:
- Volatility in Crude Oil Prices
- For a full detailed list, view our report.
- Market Trends:
- Increase in Use of Bio Reagents
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the bio-based products market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150629005444/en/
Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
