Bio-Based PET Market Size, Trends Industry Outlook 2031

 

Precision Business Insights has published a report on the global bio-based pet market, estimating its value at USD 3.0 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/bio-based-pet-market

Market Definition:

Instead of being created entirely of fossil fuels, bio-based PET (polyethylene terephthalate) is a form of plastic that is partially derived from renewable plant sources, most frequently corn or sugarcane. Because it is chemically equivalent to traditional PET, it functions in the same way but has a smaller environmental impact.

Drivers:

1)      Sustainability and environmental awareness.

2)      Rising demand in packaging industry.

The global bio-based pet market segmentation:

1) By Application: Bottles, Packaging, Consumer Durables, Furniture, Films, and Others. 2) By Raw Material Source: Sugar, Molasses, Corn, and Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the bio-based pet market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the bio-based pet market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Avery Dennison Corporation, Dupont, Dow Chemicals, 3M, B. Fuller Company, Sealed Air, SABIC, Arkema, LyondellBasell, Exxon Mobil Corporation, Mitsui Chemicals Inc, Braskem, TotalEnergies, Novamont S.p.A., SOLVAY, DAIKIN, Biome Bioplastics, PTT Global Chemical Public Company.

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