68% annual growth through 2019 seen for biobased PET market: Anellotech, Coca Cola, Gevo, PepsiCo & Toyota Tsusho in the mix

July 27, 2015 |

In Ireland, Research and Markets analysts forecast a huge 68.25 CAGR of 68.25% over the period 2014-2019 for the bio-based PET market, which is the explosive takeaway headline from their  “Global Bio-based Polyethylene Terephthalate (PET) Market 2015-2019” report. R&M also focused in on “a growing trend of textile manufacturers acquiring strategic stakes in the supplier firms” to have better control on quality of input materials. Coca-Cola, Nike, Ford, Heinz and Toyota are collaborating on the PlantBottle, for example, which aims to foster the manufacture of bio-based PET bottles. According to the report, strong advertising campaigns and promotional activities in the Cola sub-segment have helped this category perform better than the other categories in the segment. The report focuses of key vendors such as Anellotech, Coca Cola, Gevo, PepsiCo, Toyota Tsusho — while not quite catching up with Virent’s activity in the space. Also highlighted _ the afore-mentioned Ford Motors, H.J. Heinz, Nike, and Procter & Gamble, plus Plastipak.

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