Shifting Focus of Manufacture on Sustainable Packaging to the Drive the Growth of the Bio-Based Polyethylene Terephthalate Market
Bio-based polyethylene terephthalate (PET) material derived
from a natural source, and is a derivative of the woody plant, Eucalyptus
tree. An extremely durable material that
is easily shaped into any shape desired. Bio-based PET comes in many shapes, forms,
and levels of chemical agents which are designed for a variety of PET bottles.
PET bottles, due to their large surface area, enable higher volumes of a
chemical reaction between the additives and the PET bottle walls. Therefore,
PET bottles are commonly chosen by PET manufacturers because of the high level
of compatibility that they have with various PET bottles. This material is used
to produce various products such as Bottles, Consumer Goods, and Technical.
Growing environmental concerns coupled with the rising
health awareness among consumers is fueling the growth of the bio-based polyethylene terephthalate Market. Moreover, increasing focus on sustainable packaging and
growing focus of government for promoting the use of packaging material is
again driving the growth of the market. Strict rules and regulations for
restricting the use of synthetic products is also projected to foster the
growth of the market in the near future. Increasing application of Bio-based
PET across different applications such as bottles, packaged goods, automotive
interiors, construction goods, and electronics is further anticipated to propel
the growth of the market.
Europe is projected to gain significant growth over the
forecast period and this is attributed to the increasing number of partnership
among key players in the bio-based polyethylene terephthalate Market. For
instance, in March 2017, Danone and Nestlé Waters launch NaturALL Bottle
Alliance to develop 100% bio-based bottles. The goal of this partnership is to
accelerate the launch, production, and commercialization of the PETI plastic
bottles.
Key Developments:
1. In March 2020, Amcor partnered with Espoma Organic’s to
innovate more sustainable packaging and launch a new bio-based polymer package.
The polyethylene (PE) the film contains 25% bio-based material, derived – in
this case – from sugar cane.
2. In January 2017, Plastic Suppliers, Inc. announced the
launch of EarthFirst® UL, an ultra-thin, bio-based sealant web used for
flexible packaging applications.
3. In April 2020, S-One Labels & Packaging has launched
Sustainable by Design product portfolio for recyclable and bio-based flexible
packaging, including films and coatings.
4. In May 2019, Eastman showcases sustainable packaging
innovations at LUXE PACK New York. It has highlighted new recycling innovations
and Eastman Trēva™ engineering bioplastic.
Comments
Post a Comment