Market Snapshot
2016-2024
2018
Asia Pacific
Asia Pacific
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Market Overview
The market for Bio-PET is expected to witness a CAGR of over 11% during the forecast period, 2019-2024. One of the major factors driving the market studied is the growing GHG (Greenhouse Gases) emission concerns. However, the development of PEF (Polyethylene Furanoate) is likely to restrain the market.
- Environmental factors that are encouraging a paradigm shift are also likely to boost the demand for Bio-PET, during the forecast period.
- Focus toward renewable sources is likely to act as an opportunity for market growth in the future.
- Asia-Pacific dominated the market across the world in 2018, closely followed by North America. Asia-Pacific is likely to witness the highest growth rate during the forecast period as well.
Scope of the Report
The Bio-PET market report includes:
| Application | |
| Bottles | |
| Packaging | |
| Consumer Durables | |
| Furniture | |
| Films | |
| Other Applications |
| Geography | ||||||||
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Key Market Trends
Bottles Application to Dominate the Market
- Bottles are the major application for PET, and bio-PET is expected to be used largely in manufacturing these bottles in the future.
- The demand for these bottles, especially from soft drink manufacturers, like Pepsi Co. and Coca-Cola, is expected to hugely boost the bio-PET market.
- These companies are actively spending huge resources in manufacturing bio-PET bottles and are doing their part, in order to protect the environment.
- Also, bio-PET (Polyethylene Terephthalate) is made of sustainable raw materials and is deemed to be less harmful than PET bottles made of raw materials derived from crude oil.
- Owing to the abovementioned reasons, the bottles application is likely to dominate the market.
To understand key trends, Download Sample Report
Asia-Pacific to Dominate the Market
- Asia-Pacific region is home to half of the population in the world, and its consumption of PET bottles is high.
- This region is expected to play a prominent role in the growth, in the usage of bio-PET, as it massively helps for the wide-scale acceptance of bio-PET in multiple applications, like textile, packaging, etc.
- The high cost of bio-PET is a deterrent for its wide acceptance in this region, due to the cost-conscious nature of the consumer.
- Major manufacturers are focusing on lowering the price of bio-PET, and the success in lowering the prices hugely affects the market shift toward bio-PET.
- China, owing to the steady growth of its FMCG and packaging industries, accounts for the highest share of the market in the Asia-Pacific region.
- Hence, owing to the aforementioned reasons, Asia-Pacific is likely to dominate the bio-PET market, during the forecast period.
To understand geography trends, Download Sample Report
Competitive Landscape
Major Players
- THE COCA-COLA COMPANY
- Indorama Ventures Public Company Limited
- Toyota Tsusho Corporation
- TORAY INDUSTRIES INC.
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Environmental Factors Encouraging a Paradigm Shift
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4.1.2 Growing GHG (Greenhouse Gases) Emission Concerns
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4.2 Restraints
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4.2.1 Development of PEF (Polyethylene Furanoate)
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4.2.2 Low Melting Point Hinders Usage in Some Applications
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Bottles
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5.1.2 Packaging
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5.1.3 Consumer Durables
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5.1.4 Furniture
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5.1.5 Films
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5.1.6 Other Applications
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 ASEAN Countries
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5.2.1.6 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 France
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5.2.3.3 United Kingdom
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5.2.3.4 Italy
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5.2.3.5 Rest of the Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle East & Africa (MEA)
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Toyota Tsusho Corporation
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6.4.2 Far Eastern New Century
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6.4.3 Indorama Ventures
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6.4.4 Coca Cola Co.
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6.4.5 Toray Industries Inc.
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6.4.6 Plastipak Holdings
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6.4.7 Ford Motors
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6.4.8 Gevo Inc.
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6.4.9 H.J. Heinz
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6.4.10 Teijin Limited
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Focus toward Renewable Sources
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