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Published: Oct, 2015 | Pages:
66 | Publisher: Radiant Insights Inc.
Industry: Plastics | Report Format: Electronic (PDF)
The Report Contains Bio-based Polyethylene Terephthalate (PET) Market Size By Application (Packaging, Consumer Goods ,Technical,) Competitive Analysis & Forecast, 2012 – 2020. Industry Overview Global bio based polyethylene terephthalate (PET) market size is anticipated to reach 5.8 million tons by 2020, growing at a CAGR of 40.9% from 2014 to 2020. Increasing adoption of biopolymers in mainstream application and regulatory push for sustainable packaging solutions is expected to drive bio PET market over the next six years. It is a polymer comprising 70% PTA and 30% sustainable MEG. However, significant efforts by numerous companies for PTA production using renewable raw materials in order to produce 100% renewable PET are in progress. Owing to its sustainable nature and substitute to is synthetic counterpart, it is expected to be the most feasible option for use in sustainable packaging over the forecast period. Global sustainable packaging market was USD 200.00 billion in 2014 and is expected to reach USD 267.00 billion in 2020, growing at a CAGR of 4.9% from 2014 to 2020. Growing consumer awareness coupled with environmental regulations by the U.S., and European Union regarding sustainable packaging is expected to drive market demand. Adoption of Kyoto Protocol in major economies such as Japan, Australia, Canada and Montreal Protocol by the U.S. and Canada are expected to further restrict the use of products contributing to GHG emission leading to increased awareness among manufacturers for the use of bio-based products. Using renewable sources such as sugar and cellulose for the production of ethanol reduces the carbon emission by 56% to 90.90%, which is higher than crude oil as well as natural gas based raw materials. Increasing application scope in beverage industry is anticipated to drive demand. Growing carbonated soft drinks (CSD) consumption in BRICS countries coupled with increasing focus on sustainable packaging by The Coca-Cola Company and PepsiCo is expected to offer significant growth opportunities for bio-based PET market participants Emergence of substitutes such as PEF (polyethylene furanoate) is expected to hamper bio PET market growth. In addition, growing sugar consumption in food & beverage industry is expected to affect raw material supply for bio-based MEG production thereby affecting its availability for bio-based PET production. Investment in research to develop products for niche applications in anticipated providing growth opportunities for industry participants. It has lower weight in comparison to their petrochemical counterparts, which enables use in interior and exterior automotive parts. Toyota Motors, Nissan and AT&T have announced plans to use bioplastics in their products, which is expected to have positive impact on demand in technical applications.North America bio PET market, by application, 2012-2020 (Kilo Tons)Application Overview Bottle applications consumed the highest volumes with an estimated valuation of well over USD 900 million in 2013. Fluctuating petroleum prices and depleting fossil fuel reserves have forced manufacturers including The Coca-Cola Company to adopt packaging alternatives. This resin acts as a best option owing to its natural content, which helps in reducing carbon emission. As a result, H.J. Heinz and Coca Cola have signed Plant Technology Collaborative (PTC) with companies including Ford and P&G for the development of 100% sustainable product. Technical applications accounted for over 10% of the demand and are likely to witness moderate gains with an estimated CAGR of above 38% from 2014 to 2020. It is used in the form of sheets, foams and fabrics for automotive and electronics applications. It is also used for the manufacturing of wireless and cable accessories in electronics on account of exhibiting light weight and shatter resistance properties. U.S. based AT&T has also announced plans to use sustainable prodcuts, procured from Toyota Tsusho for its cell phone and wireless accessories. These developments are expected to have positive impact on bio-based PET market over the next six years. Regional Overview Asia Pacific bio PET market was the largest consuming industry and the regional market was estimated with a revenue generation of over USD 300 million in 2013. Growing alcoholic beverages and CSD consumption in India and china is expected to have positive impact on market growth. The Japanese government has set a goal of 20% bioplastics production in the plastics market by 2020, which is expected to propel its use in packaging, automotive and electronics applications. Government of Thailand has approved a soft loan program to provide help to the bioplastics industry in the country. The program is worth USD 3.1 billion and is expected to facilitate new investments in bio-based plastics over the forecast period. Europe was the second largest regional market and accounted for more than 25% of the total volume in 2013. This region is likely to witness below average growth rates with an estimated CAGR of around 38% up to 2020. European Commission has formed a strategic alliance with Bio-based Industries Consortium (BIC), for funding production and development of bio-based products and the partnership is valued at USD 4.53 billion. This is expected to boost bio-based production over the forecast period and thereby positively influence bio PET market growth. Competitive Market Share The global bio PET market share is characterized by developing strategic alliances with companies for producing 100% bio based product. The Coca-Cola Company has signed strategic alliance with Virent for development of bio-based para-xylene which will help bio-based PTA production at Virent’s Wisconsin facility. Key companies involved in this market include Toyota Tsusho, Teijin Limited M&G Chemical sand Toray Industries.
Table of Content Chapter 1 Executive Summary Chapter 2 Bio-based PET Industry Overview 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Bio-based PET value chain analysis 2.4 Bio-based PET – Market dynamics 2.4.1 Market driver analysis 2.4.1.1 Volatile crude oil prices 2.4.1.2 Growing sustainable packaging demand 2.4.1.3 Eco-friendly substitution 2.4.1.4 Positive outlook on bio-based chemicals 2.4.2 Market Restraints Analysis 2.4.2.1 Uncertain feedstock supply 2.4.2.2 Threat from substitutes 2.5 Bio-based PET v/s other biopolymers 2.6 Pricing Analysis 2.7 Competitive landscape and current trends, 2014 2.8 Key opportunities – prioritized 2.9 Industry Analysis – Porter’s 2.10 Bio-based PET PESTEL Analysis Chapter 3 Bio-based PET Application Overview 3.1 Bio-based PET volume share by application, 2013 & 2020 3.2 Bottles 3.2.1 Market estimates and forecast, 2012-2020 (Kilo Tons) (USD Million) 3.2.2 Market estimates and forecast, by region, 2012-2020 (Kilo Tons) (USD Million) 3.3 Technical Applications 3.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 3.3.2 Market estimates and forecast, by region, 2012-2020, (Kilo Tons) (USD Million) 3.4 Consumer Goods 3.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 3.4.2 Market estimates and forecast, by region, 2012-2020, (Kilo Tons) (USD Million) 3.5 Other packaging 3.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 3.5.2 Market estimates and forecast, by region, 2012-2020, (Kilo Tons) (USD Million) Chapter 4 Bio-based PET Regional Overview 4.1 Bio-based PET market volume share by region, 2013 & 2020 4.2 North America 4.2.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 4.2.2 Market estimates and forecasts, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.3 Europe 4.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 4.3.2 Market estimates and forecasts, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.4 Asia Pacific 4.4.1 Mrket estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 4.4.2 Market estimates and forecasts, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.5 RoW 4.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Million) 4.5.2 Market estimates and forecasts, by application, 2012 – 2020, (Kilo Tons) (USD Million) Chapter 5 Competitive Landscape 5.1 The Coca-Cola Company 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Toray Industries Inc. 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Teijin Limited 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 M&G Chemicals 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Toyota Tsusho 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Plastipak Holdings Inc. 5.6.1 Company Overview 5.6.2 Financial performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives Chapter 6 Methodology & Scope 6.1 Research Methodology 6.2 Research Scope & Assumptions 6.3 List of Data Sources
List of Tables TABLE 1 Bio-based PET – Industry Summary & Critical Success Factors (CSFs) TABLE 2 Global bio-based PET market estimates and forecast, 2012 – 2020, (Kilo Tons) (USD Million) TABLE 3 Global bio-based PET market volume, by region, 2012 – 2020, (kilo tons) TABLE 4 Global bio-based PET market revenue by region, 2012 – 2020, (USD million) TABLE 5 Global bio-based PET market volume by application, 2012 - 2020, (kilo Tons) TABLE 6 Global bio-based PET market revenue by application, 2012 – 2020, (USD million) TABLE 7 Global synthetic PET market volume, by application, 2012 - 2020 (Million tons) TABLE 8 Global synthetic PET market revenue, by application, 2012 - 2020 (USD Million) TABLE 9 Bio-based PET– Key market driver analysis TABLE 10 Major developments in global bio-based chemicals market TABLE 11 Bio-based PET– Key market Restraint analysis TABLE 12 Bio PTE Vs. PEF TABLE 13 Bio PET v/s other biopolymers TABLE 14 Global bio-based PET demand in bottles, 2012-2020 (Kilo Tons) (USD Million) TABLE 15 Global bio-based PET market demand in bottles, by region, 2012-2020 (Kilo Tons) TABLE 16 Global bio-based PET market revenue in bottles, by region, 2012-2020 (USD Million) TABLE 17 Global bio-based PET market estimates and forecast in technical applications, 2012-2020, (Kilo Tons) (USD Million) TABLE 18 Global bio-based PET market volume in technical applications, by region, 2012-2020, (Kilo Tons) TABLE 19 Global bio-based PET market revenue in technical applications, by region, 2012-2020, (USD Million) TABLE 20 Global bio-based PET market estimates and forecast in consumer goods, 2012-2020, (Kilo Tons) (USD Million) TABLE 21 Global bio-based PET market volume in consumer goods, by region, 2012-2020, (Kilo Tons) TABLE 22 Global bio-based PET market revenue in consumer goods, by region, 2012-2020, (USD Million) TABLE 23 Global bio-based PET market estimates and forecast in other packaging, 2012-2020, (Kilo Tons) (USD Million) TABLE 24 Global bio-based PET market volume in other packaging, by region, 2012-2020, (Kilo Tons) TABLE 25 Global bio-based PET market revenue in other packaging, by region, 2012-2020, (USD Million) TABLE 26 North America bio-based PET market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) TABLE 27 North America bio-based PET market volume, by application, 2012 – 2020, (Kilo Tons) TABLE 28 North America bio-based PET market revenue, by application, 2012 – 2020, (USD Million) TABLE 29 Europe bio-based PET market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) TABLE 30 Europe bio-based PET market volume, by application, 2012 – 2020, (Kilo Tons) TABLE 31 Europe bio-based PET market revenue, by application, 2012 – 2020, (USD Million) TABLE 32 Asia Pacific bio-based PET market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) TABLE 33 Asia Pacific bio-based PET market volume, by application, 2012 – 2020, (Kilo Tons) TABLE 34 Asia Pacific bio-based PET market revenue, by application, 2012 – 2020, (USD Million) TABLE 35 RoW bio-based PET market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) TABLE 36 RoW bio-based PET market volume, by application, 2012 – 2020, (Kilo Tons) TABLE 37 RoW bio-based PET market revenue, by application, 2012 – 2020, (USD Million)
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