Bio-based Polyethylene Terephthalate Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research
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Bio-based Polyethylene Terephthalate Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research
PET( Polyethylene terephthalate) is widely used to package foods & beverages. However, since it is a downstream derivative of crude oil, any fluctuation in prices of crude oil directly impact PET’ s market prospects. Also, PET is not environment-friendly, which is a disadvantage, given the increasing public and governmental focus on going green.
These factors have led to the development of bio-based polyethylene terephthalate. A recent study by Hexa Research, Inc. notes the global bio-based polyethylene terephthalate( PET) market to attain lucrative growth from 2016 to 2024( forecast period).
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Since bio-based polyethylene terephthalate uses chemical intermediates, the dependence on petroleum resources is reduced to a large extent. Bio-based ethylene glycol serves as
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