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Latest trends and technological advancements of the bio-based PET market 2020 to 2031

Bio-based PET Market Outlook and Opportunities in Grooming Regions: 2020-2031 Edition

PORTLAND, OREGON, USA, Nov. 10, 2022 / — According to the report published by Allied Market Research, the global bio-based PET market was estimated at $441.3 million in 2021 and is expected to reach $941.4 million by 2031, registering a CAGR of 7.9% from 2022 to 2031. The report provides a detailed analysis of major investment pockets, winningest strategies, drivers and opportunities, size and market estimates, competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.

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Pandemic of covid19-
• The outbreak of the pandemic has led to a reduction in the use of new plastic bags, which has had a negative impact on the bio-based PET market.
• Additionally, supply chain disruptions have further aggravated the scenario.

The global bio-based PET market is analyzed based on application, end-use industry, and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.

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Based on applications, the beverage segment held more than half of the total market revenue in 2021 and is expected to dominate by 2031. The others segment, however, would show the fastest CAGR of 9.4% throughout throughout the forecast period.

Based on the end-user industry, the packaging segment generated nearly half of the total market revenue in 2021 and is expected to dominate by 2031. The electrical and electronics segment, nonetheless, would project the CAGR the 8.8% faster throughout the forecast period.

Based on the region, the global bio-based PET market in Asia-Pacific generated more than two-fifths of the total market revenue in 2021 and is expected to retain the lion’s share by 2031. The same region would also exhibit the Fastest CAGR of 8.2% throughout the forecast period. Other provinces analyzed in the report include Europe, North America and LAMEA.

Major market players analyzed in the Global Bio-based PET Market report include Amyris, Anellotech Inc., Biome Bioplastics, Braskem, DAIKIN, Gevo Inc., Kuraray Co., Ltd., M&G Chemicals, NatureWorks LLC, Novamont SpA, Total Energies, Plastipak Holdings, Inc., PTT Global Chemical Public Company Limited, Solvay, Teijin Limited, Indorama Ventures Public Company Limited, Toray Industries Inc and Toyota Tsusho Corporation. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
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