Jun 4, 2020   SOURCE: BusinessWire

$6 Billion Bio-based Polyethylene Terephthalate Market - Worldwide Trends, Analysis and Outlook by Application and Geography (2020-2028) - ResearchAndMarkets.com

The "Global Bio based Polyethylene Terephthalate Market Size Forecast to 2028 - Trends, Analysis and Outlook by Application, and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Insights from the Global Bio based Polyethylene Terephthalate (PET) Market

  • The Global Bio based Polyethylene Terephthalate (PET) market is valued at $6 billion in 2020.
  • Packaging is the largest consumer of the Bio-based PET.
  • Asia-Pacific is the largest user of Bio-based PET.

The $6 billion Bio based Polyethylene Terephthalate (PET) industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Bio based Polyethylene Terephthalate (PET) market from 2020 to 2028. The report presents detailed Bio based Polyethylene Terephthalate (PET) market analysis, and forecasts to 2028. Detailed insights into global and regional Bio based Polyethylene Terephthalate (PET) market statistics, Bio based Polyethylene Terephthalate (PET) companies and growth prospects across verticals are included.

Bio based Polyethylene Terephthalate (PET) Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Bio based Polyethylene Terephthalate (PET) industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Bio based Polyethylene Terephthalate (PET) market revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Bio based Polyethylene Terephthalate (PET) manufacturers and vendors. However, we expect the negative impact of COVID-19 on Bio based Polyethylene Terephthalate (PET) to be compensated over the medium to long term future.

Bio based Polyethylene Terephthalate (PET) Market Size and Outlook by Application to 2028

The research suggests that there is a strong case for the development of new applications of Bio based Polyethylene Terephthalate (PET) worldwide. Different application segments analyzed in the report are Packaging, Automotive, Semiconductors and Electronics, Consumer Goods, Others. The study identifies that Packaging application has the most substantial value-creation potential.

Global Bio based Polyethylene Terephthalate (PET) Company Profiles

The report presents business profiles of major companies operating in the industry including Anellotech, Coca-Cola, Gevo, PepsiCo, Toyota Tusho.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

  • Global and regional Bio based Polyethylene Terephthalate (PET) Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

Companies Mentioned

  • Anellotech
  • Coca-Cola
  • Gevo
  • PepsiCo
  • Toyota Tusho

For more information about this report visit https://www.researchandmarkets.com/r/pz7wee