Bio-Based PET Market Analysis | Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends
A bio-based Polyethylene Terephthalate (PET) analysis is produced from ethylene glycol obtained from plant sources. Market Research Future (MRFR) has published and released a research report about the global bio-based PET market that predicts growth for the market during the forecast period between 2017 and 2023. The major factors driving the global bio-based PET market is the increasing adaption of eco-friendly bio-based products to protect the environment and human health. Other factors include the fluctuating cost of the petroleum-based and related products, growing awareness about the hazardous nature of conventional plastics, government incentives to encourage the use of eco-friendly products, government regulations regarding environmental protection, and rising demand for eco-friendly packaging in various end-use industries such as automotive, consumer appliances, electrical & electronics, & food & beverage. The global Bio-Based PET Market analysis has been se