Global Bio-Based Polyethylene Terephthalate Market 2028: Analysis & Growth with Trends
The global bio-based polyethylene terephthalate market is expected to grow at a CAGR of close to 20% during the forecast period. The global bio-based polyethylene terephthalate market is driven by its eco-friendly nature and superior properties to PET. Stringent government regulations to control greenhouse gas emissions are propelling the demand for sustainable packaging solutions worldwide which is expected to bolster the growth of the market over the next few years. Demand for Bio PET is rising in industries such as FMCG, electronics, and automotive on account of weight-reducing and shatterproof properties exhibited by bio PET bottles, containers, sheets, etc., thereby, propelling the market growth through 2028. The global bio-based polyethylene terephthalate market is segmented based on end-user, application, company, and region. Based on end-user, bio-based polyethylene terephthalates market is segmented into food & beverages, pharmaceuticals, electroni...