The hottest global bio based pet plastic film pack

2022-10-21
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The estimated value of the global bio based pet plastic film packaging market in 2022 is $138.3 billion

release date: Source: Internet editor: lychee Views: 912 copyright and disclaimer

core tip: according to the latest research report of the global market analysis, the market size of bio based pet in 2015 was 496000 tons, which is concerned about global greenhouse gas emissions and the emergence of bio plastics in the packaging and automotive industry, It may stimulate the market scale of bio based pet

[China Packaging News] according to the latest research report of global market analysis, the market scale of bio based pet in 2015 was 496000 tons. The global greenhouse gas emissions and the emergence of bioplastics in the packaging and automotive industry, which are of concern, may stimulate the market scale of bio based pet since its development

the scale and output value of the global bio based pet market may reach US $13.1 billion in 2023. The importance of sustainable packaging, especially in China and India, is becoming increasingly prominent, which may affect the growth of biopet market. Key players in the industry, Coca Cola and Dongshi are changing the circle of testing wires. In order to develop the pet market, Lili company has established a strategic partnership with bio based manufacturers, such as Gevo and Virent. Coca Cola, Heinz, Nike, P & G and Ford have joined forces with the technical cooperation factory (PTC) to accelerate the production of 100% bio pet for clothing, seat decoration, plastic bottles, floor carpets and footwear products

the biopet market in the Asia Pacific region, led by China and India, accounted for more than 32.5% of the total demand in 2015. The growing demand for carbonated beverages and alcoholic beverages in China and India also drove the packaging market

the Australian government established the Australian packaging Convention (a low achievement level PC) to promote sustainable packaging, which may be conducive to the growth of the bio based pet market. The Japanese government has set a goal of increasing the output of bioplastics in the plastic market by 20% by 2020, which will also help the growth of the bio based pet market in the next few years

biopet is lighter than its fossil fuel counterpart and can be used for automotive exterior and interior parts. At t, Nissan and Toyota have announced plans to use bioplastics in their products, which may contribute to the growth of the pet market in technology applications

sugarcane is a key raw material for MEG manufacturing. Sugarcane is mainly used to produce edible sugar and bioethanol, which may not be as accurate as the raw material used to produce MEG. This will hinder the supply of products and affect the price trend of biopet market

pet of petrochemical derivatives is in fierce competition with bio based products with the decline of crude oil price. However, the price of bio based pet is expected to continue to compete with petrochemical derivatives in crude oil price adjustment and bio based pet capacity expansion

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