Bio-based PET Market Predicted to Grow Annually by 40 Percent to 2020

2nd December 2014

According to Grand View Research and re-reported in plastemart.com

The current 650kt market is expected to grow to 5800kt over this period. 75% of the 2013 market was for carbonated soft drinks packaging, demand is expected to increase as this market segment grows in the BRIC countries. Another predicted growth area is the automotive sector in its pursuit of further lightweighting.

For further details see: http://www.plastemart.com/plastic-facts-information.asp?news_id=26345&news=Sustainable-packaging-market-growth-volatile-crude-prices-to-drive-biobased-PET-demand-till-end-of-decade

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