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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