Bio-based PET Market | Discover Top Trends and Drivers
Recovery and Growth Insights for 2021-2025

Bio-based pet market is set to post an incremental growth of 1255.79 th tons during 2021-2025. The market will progressing at a CAGR of almost 45.44% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.

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Bio-based PET Market: Market Segments and Key Trends

The Bone-anchored Hearing Aids Market market is segmented by Application (Bottles and Others) and Geography (APAC, Europe, North America, South America, and MEA). APAC led the market with 51% of the market growth set to originate from this region during the forecast period. High price and shortage of raw materials is one of the challenges that will need to be overcome to drive growth. This research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Bio-based PET Market: What are the Growth Drivers?

The Increasing demand from carbonated soft drink (CSD) market is one of the primary factors that will drive the growth of the bio-based pet market. This report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Bio-based PET Market: Competitive Landscape

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Braskem SA, Danone SA, Gevo Inc., Nestle SA, Origin Materials, PepsiCo Inc., Plastipak Holdings Inc., The Coca-Cola Co., Toray Industries Inc., and Toyota Tsusho Corp. are some of the major market participants.

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Bio-based PET Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bio-based pet market growth during the next five years
• Precise estimation of the bio-based pet market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bio-based pet market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bio-based pet market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 45.44%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 1255.79 th tons through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand from carbonated soft drink (CSD) market will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   51% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Braskem SA, Danone SA, Gevo Inc., Nestle SA, Origin Materials, PepsiCo Inc., Plastipak Holdings Inc., The Coca-Cola Co., Toray Industries Inc., and Toyota Tsusho Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Bottles and Others) and Geography (APAC, Europe, North America, South America, and MEA)

Bio-based PET Market Size to Grow by $ 11.46 Bn During 2020-2024

Technavio has been monitoring the bio-based pet market and it is expected to grow by $ 11.46 bn, accelerating at a CAGR of almost 20% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Bio-based PET Market: APAC to lead market growth during the forecast period

• 35% of the market growth will originate from APAC during the forecast period.
• Technological innovations in PET, will be a key trend that will influence market growth significantly.
• The Increasing demand from carbonated soft drink (CSD) market will be a significant factor in driving the growth of the bio-based pet market.

Bio-based PET Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Braskem SA, Danone SA, Gevo Inc., Nestle SA, Origin Materials, PepsiCo Inc., Plastipak Holdings Inc., The Coca Cola Co., Toray Industries Inc., and Toyota Tsusho Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Bio-based PET Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive bio-based pet market growth during the next five years
• Precise estimation of the bio-based pet market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bio-based pet market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bio-based pet market vendors

Technavio has been monitoring the global bio-based PET market and it is expected to grow by USD 11.46 billion accelerating at a CAGR of almost 20% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Bio-based PET Market: Segmentation by Application

During 2019, the bottles segment accounted for the major share of the Bio-based PET Market.  due to the wide use of bio-based PET in various types of bottle packaging. It (bio-based PET) is used for packaging mineral water, CSDs, dairy products, alcohol, and beverages. It is also used for manufacturing bottle caps. The ever-rising population in the developing countries has significantly increased the consumption of CSDs in developing countries, which, in turn, has fueled the demand for bio-based PET bottles. This report provides an accurate prediction of the contribution of all the segments to the growth of the  bio-based PET market size.

Bio-based PET Market: Segmentation by Geography

APAC was the largest Bio-based PET Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing alcoholic and CSD beverage consumption in China and India will significantly drive bio-based PET market growth in this region over the forecast period.35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for bio-based PET in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Bio-based PET Market: Vendor Analysis

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Braskem SA, Danone SA and Gevo Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report