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Home » Chemicals » Organic Chemicals » COR-460814
  • Global Bio based Polyethylene Teraphthalate Market- Market share and Industry Forecast to 2024

  • Publish: February 2016 | Report Code: COR-460814

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The global bio based polyethylene terephthalate (Bio PET) market  is estimated to grow with the CAGR of 21.3% during the forecasted period. The application segment of bio based polyethylene terephthalate is sub segmented into bottles, packaging, fibers, automotive, others. Bottles application held the largest market share.Bio based PET bottles are non-biodegradable bottles that are manufactured by using ethylene glycol obtained from plant based sources such as sugar cane, sugar beet, corn etc.

These bottles are largely used in rigid packaging of soft drinks, alcoholic beverages, cosmetics and pharmaceuticals, mineral water packaging by the companies such as Heinz, Coca Cola, PepsiCo, Dasani and others. Rigid packaging market contributes to about 60% of total packaging market due to high consumption of bio based PET bottles. For manufacturing bio PET bottles, PET of grade 30 are utilized in general.

However, Coca Cola has launched 100% Bio PET based bottles in the year 2015. PepsiCo has also started to develop and use 100% plant based renewably sourced PET bottles. Moreover, the automotive application is the fastest growing application which is growing with a CAGR of 25.2% during forecast period.

The fluctuating crude oil prices and rising awareness towards eco-friendly sources is expected to boost the global bio-based polyethylene terephthalate (Bio PET) market over the forecast year. Bio-based polyethylene teraphthalate is manufactured from bio based products such as bacteria, regenerated cellulose, cornstarch and other organic products. Presently, bio-based polyethylene teraphthalate contains around 35% of bio-content. Major players are investing heavily to investigate feasibility for 100% renewable content bio-based polyethylene teraphthalate, and are expected to create greater opportunities for the market participants. The Coca-Cola company and Torray industries have formed partnership with Virent and Anellotech to develop bio polyethylene teraphthalate. This is anticipated to fuel bio-based polyethylene teraphthalate market over the next five years. The development is also expected to solve the polyethylene teraphthalate supply problem for many manufacturing industries to meet the demand. Crude oil reserves depletion and overgrowing petroleum prices is projected to shift the synthetic polyethylene teraphthalate based industries towards the bio-based polyethylene teraphthalate. Tremendous growth of packaging material market is anticipated to have positive influence on bio-based polyethylene teraphthalate market in the forecast period. 

The government initiatives have been undertaken to reduce overgrowing carbon emission. The American Chemistry Council recently introduced a network of bio based chemistry in order to give education to policy makers to draft successful regulatory programs for the boosting bio-based chemical industry. The craving for the green plastic products is another growth factor, as green packaging is marketed by several companies to attract and to increase customer base. The Coca Cola Company introduced a concept called the plant bottle, which essentially focused towards bio-based polyethylene teraphthalate and to raise environmental awareness among consumers. The company has plans to replace standard polyethylene teraphthalate bottles by plant bottles (Polyethylene Teraphthalate) by the end of 2020. Most of the polyethylene teraphthalate is manufactured by fermentation process using bio based feed stocks such as rice hull, corn and sugarcane. The introduction of technological advancement for the production of bio-based polyethylene teraphthalate is also expected to swing the market for bio-based polyethylene teraphthalate upward.

The bio-based polyethylene teraphthalate is a save for the environment as compared to traditional PET. According to experts, the processing of plants and farming uses raw materials for the manufacturing process of bio-based polyethylene teraphthalate, that cause severe acidification of the ground water and soil that can adversely affect the environment. This acts as a barrier in the growth of global bio based polyethylene teraphthalate (Bio PET) market.

The global bio based polyethylene teraphthalate (Bio PET) market is sub segmented into applications and regional outlook. In application segment, market is divided into bottles, packaging, fibers, automotive, injection molding and others. This segment is majorly dominated by carbonated soft drink bottles and packaging. It covered about 75% market share in 2015. Increasing focus of major companies like PepsiCo and Coca-Cola towards sustainable packaging and increasing CSD demand in China, Russia, Brazil, India and South Africa region is anticipated to boost the global bio based polyethylene teraphthalate (Bio PET) market. The technical applications include exterior & interior parts of automobiles and bottles. Owing to lightweight and durable characteristic, PET is used as an exterior as well as interior component of the automobiles which is expected to propel the bio-based PET application market over the forecast period. Nissan, Toyota and AT&T have announced to use bio-based products in their vehicles which are expected to have a positive effect on the growth of bio-based PET market.

In regional outlook market is divided into North America, Asia Pacific, Europe and Rest of the World. Asia Pacific dominates the global bio based polyethylene teraphthalate (Bio PET) market having around 35% of market shares; this dominance is expected to prevail in the forecast year. Rising consumption of cold drinks, alcoholic and non alcoholic beverages are one of the major reasons for the growth of this region. India, China and Japan are the major countries in Asia Pacific region. Japanese government started an initiative related to green plastics, which is expected to target the consumption of around 20% of bio plastics by 2020. This factor acts as an opportunity in the growth of global bio based polyethylene teraphthalate (Bio PET) market. North America and European regions have stringent rules and regulations towards standard PET usage, as it is harmful for environment. This boosts the global bio based polyethylene teraphthalate (Bio PET) market in this region.

Some Of the major market players are the Coca Cola company, Natureworks, Indorama Ventures, Novamont S.P.A, Metabolix Inc., Ianan Biologics materials, Tiajjin green biomaterials, Evonik industries, RTP company, Techno polymer Co. Ltd., Toray industries Inc., etc. Acquisition, mergers and expansions are the key strategies adopted by the market players to sustain in the market.

1.    INTRODUCTION
1.1.    EXECUTIVE SUMMARY
1.2.    ESTIMATION METHODOLOGY
 
2.     MARKET OVERVIEW
2.1.    MARKET DEFINITION AND SCOPE
2.2.    KEY FINDINGS
2.3.       PARAMETRIC ANALYSIS
2.3.1.    RAW MATERIAL SUPPLIER
2.3.2.    PRODUCTION GEOGRAPHICALLY
2.3.3.     ADOPTION ACROSS VARIOUS INDUSTRIES
2.4.     KEY MARKET INSIGHTS
2.4.1.    TOP 3 EMERGING COUNTRIES
2.4.2.    TOP 3 REVENUE GENERATING SEGMENTS
2.4.3.    TOP GROWING MARKETS AND EMERGING TRENDS
2.4.4.     TOP 3 GEOGRAPHY
2.5.     COMPETITIVE LANDSCAPE
2.5.1.     MARKET SHARE ANALYSIS
2.5.2.    TOP WINNING STRATEGIES
2.5.3.    CASE STUDIES: TOP COMPETITIVE MOVES
2.6.    PORTER’S FIVE FORCE MODEL
2.6.1.    THREAT OF NEW ENTRANTS
2.6.2.    THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
2.6.3.     BARGAINING POWER OF BUYER
2.6.4.     BARGAINING POWER OF SUPPLIER
2.6.5.     INTENSITY OF COMPETITIVE RIVALRY
2.7.      KEY BUYING CRITERIA
2.8.    STRATEGIC RECOMMENDATION
2.9.     STRATEGIC CONCLUSIONS
 
3.    MARKET DETERMINANTS
3.1.    MARKET DRIVER
3.1.1.    FLUCTUATION OF CRUDE OIL PRICE
3.1.2.    GROWING TREND FOR SUSTAINABLE PACKAGING
3.1.3.    INCREASING ENVIRONMENT FRIENDLY PRODUCT DEMAND
3.1.4.    ADOPTION  OF BIO-BASED CHEMICALS
3.2.    MARKET RESTRAINTS
3.2.1.    UNCERTAIN FEEDSTOCK SUPPLY
3.2.2.    THREAT OF SUBSTITUTES
3.3.    MARKET OPPORTUNITIES
3.3.1.    FUTURISTIC MARKET GROWTH IN ASIA PACIFIC
3.3.2.    INCREASING ENVIRONMENTAL EFFECTS
3.4.    MARKET CHALLENGES
3.4.1.    TIGHT REGULATIONS FOR  RAW MATERIAL SUPPLY
3.4.2.    PRESENCE OF ALTERNATIVE BIOPOLYMERS
3.5.    PARENT MARKET
3.6.    COMPETITORS MARKET
3.7.     ALTERNATIVE MARKET
 
4.    MARKET SEGMENTATION
4.1.    BY APPLICATION
4.1.1.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY BOTTLES 2014-2023 ($ MILLION)
4.1.2.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY PACKAGING2016-2022 ($MILLION)
4.1.3.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY FIBRES 2014-2023 ($ MILLION)
4.1.4.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY AUTOMOTIVES 2014-2023 ($ MILLION)
4.1.5.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY INJECTION MOLDING 2014-2023 ($ MILLION)
4.1.6.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY OTHERS 2014-2023 ($ MILLION)
 
5.    GEOGRAPHICAL ANALYSIS
5.1.    NORTH AMERICA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.1.1.    UNITED STATES (U.S.) COMPOSITES MARKET 2014-2023 ($ MILLION)
5.1.2.    CANADA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.    EUROPE COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.1.    UNITED KINGDOM (UK) COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.2.    FRANCE COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.3.    GERMANY COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.4.    SPAIN COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.5.    ITALY COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.6.     ROE MARKET 2014-2023 ($ MILLION)
5.3.     ASIA PACIFIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.1.    INDIA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.2.    CHINA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.3.     JAPAN COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.4.     KOREA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.5.     AUSTRALIA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.6.    ROAPAC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.      REST OF THE WORLD COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.1.      LATIN AMERICA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.2.     MENA COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.3.     AFRICA COMPOSITES MARKET 2014-2023 ($ MILLION)
 
6.    COMPANY PROFILES
1.    BRASKEM
2.    COCA-COLA
3.    GEVO
4.    INDORAMA VENTURES
5.    M&G CHEMICALS
6.    METABOLIX INC
7.    NATUREWORKS
8.    NOVAMONT S.P.A
9.    PEPSICO
10.    PLASTIPAK HOLDINGS INC
11.    TEIJIN LIMITED
12.    TIANAN BIOLOGIC MATERIALS
13.    TIANJIN GREENBIO MATERIALS
14.    TORAY INDUSTRIES INC
15.    TOYOTA TSUSHO
 
LIST OF TABLE
1.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET  BY APPLICATION 2014-2023 ($ MILLION)
2.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY BOTTLES 2014-2023 ($ MILLION)
3.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY PACKAGING2016-2022 ($MILLION)
4.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY FIBRES 2014-2023 ($ MILLION)
5.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY AUTOMOTIVES 2014-2023 ($ MILLION)
6.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY INJECTION MOLDING 2014-2023 ($ MILLION)
7.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY OTHERS 2014-2023 ($ MILLION)
 
LIST OF FIGURES
1.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET  BY APPLICATION 2014-2023 ($ MILLION)
2.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY BOTTLES 2014-2023 ($ MILLION)
3.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY PACKAGING2016-2022 ($MILLION)
4.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY FIBRES 2014-2023 ($ MILLION)
5.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY AUTOMOTIVES 2014-2023 ($ MILLION)
6.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY INJECTION MOLDING 2014-2023 ($ MILLION)
7.    GLOBAL BIO BASED POLYETHYLENE TEREPHTHALATE MARKET BY OTHERS 2014-2023 ($ MILLION)

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