Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) — The “The Global Market for Bio-PET 2024-2034” report has been added to ResearchAndMarkets.com’s providing.
This all-encompassing report delves deep into the intricate panorama of the worldwide bioplastics market, offering profound insights into the dynamic realm of bio-PET. With a eager give attention to historic income information and 2023 estimates, the report extends its imaginative and prescient into the longer term, presenting projections as much as 2034.
Polyethylene terephthalate (PET) stands as a flexible thermoplastic materials extensively utilized for numerous functions, together with bottles, movies, and textile fibers. Comprising 70% terephthalic acid and 30% monoethylene glycol (MEG) by weight, PET belongs to the polyester group and finds important use within the packaging sector. Bio-PET, a quickly burgeoning section inside the PET market, is buoyed by strong demand drivers.
In the realm of bio-PET, MEG manufacturing stems from renewable plant-based sources as a substitute of fossil uncooked supplies. Bio-PET seamlessly integrates into merchandise and could be processed by means of current recycling streams with none issues. Embracing bio-based PET empowers manufacturers throughout various industries to supply sustainable, plant-derived plastic options whereas decreasing their dependence on fossil fuel-derived PET.
Forecasts point out that demand for bio-PET is poised to surge past 2.5 million metric tons by 2034. Packaging continues to reign supreme, constituting over 70% of bio-PET consumption, with key merchandise together with bottles for water, delicate drinks, meals, cosmetics, and extra. Textiles emerge because the second-largest utility as manufacturers more and more undertake bio-PET polyester fibers to bolster their sustainability efforts. The Asia Pacific area takes the lead as the first marketplace for bio-PET.
With clever information segmentation by utility and area, this report affords a meticulous exploration of prevailing market tendencies and potential development avenues. As we navigate the report’s contents, we’ll uncover the pivotal drivers propelling market development, the challenges that necessitate consideration, and the promising alternatives that beckon within the dynamic realm of bioplastics.
Report contents embody:
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Analysis of end-use markets together with
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Packaging
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Consumer items
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Automotive
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Textiles
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Films & sheets
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Regulations associated to bio-PET
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Future worth pattern forecasts for bio-PET
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Market outlook and provide tendencies
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Comprehensive firm profiles of 26 firms
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Company profiles embody merchandise, goal markets, funding, and recent market exercise
Companies profiled embody
Key Topics Covered:
1 EXECUTIVE SUMMARY
1.1 Market drivers and tendencies in bioplastics and biopolymers
1.2 Global manufacturing to 2034
1.3 Main producers and international manufacturing capacities
1.3.1 Producers
1.3.2 By biobased and biodegradable plastics sort
1.3.3 By area
1.4 Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market
1.5 Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market
1.6 The Global bio-PET market
2 RESEARCH METHODOLOGY
3 THE GLOBAL PLASTICS MARKET
3.1 Global manufacturing of plastics
3.2 The significance of plastic
3.3 Issues with plastics use
3.4 Policy and rules
3.5 The round economic system
3.6 Conventional polymer supplies utilized in packaging
3.6.1 Polyolefins: Polypropylene and polyethylene
3.6.2 PET and different polyester polymers
3.6.3 Renewable and bio-based polymers for packaging
3.7 Comparison of artificial fossil-based and bio-based polymers
3.8 End-of-life therapy of bioplastics
4 THE GLOBAL BIOPLASTICS MARKET
4.1 Bio-based or renewable plastics
4.1.1 Drop-in bio-based plastics
4.1.2 Novel bio-based plastics
4.2 Biodegradable and compostable plastics
4.2.1 Biodegradability
4.2.2 Compostability
4.3 Advantages and drawbacks
4.4 Types of Bio-based and/or Biodegradable Plastics
5 THE GLOBAL BIO-PET MARKET
5.1 Market overview
5.1.1 Currently available bio-PET
5.1.2 100% bio-PET
5.2 Comparative evaluation
5.3 Supply panorama and tendencies
5.4 Market provide chain
5.5 SWOT evaluation
5.6 Market drivers
5.7 Market challenges
5.8 Regulations
5.9 Producers and manufacturing capacities
5.9.1 bio-PET manufacturing capacities, by nation
5.10 Demand for bio-PET 2019-2034 (1,000 tons)
5.10.1 Demand by market
5.10.2 Demand by area
5.10.2.1 North America
5.10.2.2 Europe
5.10.2.3 Asia-Pacific
5.10.2.4 South America
5.11 PET biorecycling
5.12 Pricing
5.13 Markets for Bio-PET
5.13.1 Packaging
5.13.1.1 Flexible packaging
5.13.1.2 Rigid packaging
5.13.2 Consumer items
5.13.3 Automotive
5.13.4 Textiles
5.13.5 Films & sheets
6 COMPANY PROFILES (26 firm profiles)
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Anellotech, Inc.
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Aquapak Polymers Ltd
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Avantium B.V.
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Bioplastech Ltd
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BlockTexx Pty Ltd.
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Braskem SA
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Carbios
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CuanTec Ltd.
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DAK Americas LLC
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DuFor Resins B.V.
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Far Eastern New Century Corporation
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FKuR Kunststoff GmbH
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Haldor Topsoe A/S
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Hyosung Advanced Materials
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India Glycols Ltd.
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Indorama Ventures Public Co. Ltd.
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Ioniqa
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LOTTE Chemical Corporation
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Mitsubishi Polyester Film GmbH
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Mitsui
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Origin Materials
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Plantic Technologies Ltd.
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TECNARO GmbH
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Teijin Ltd
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Toray Industries, Inc.
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UPM-Kymmene Oyj
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VTT Technical Research Centre of Finland Ltd
For extra details about this report go to https://www.researchandmarkets.com/r/ftrn3q
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