Growing demand for sustainable packaging solutions including bottles and cartons is expected to drive the demand for bio-based PET. The Global Bio-Based Polyethylene Terephthalate (PET) Market is expected to reach USD 6.73 billion by 2025, according to a new report conducted by Grand View Research, Inc. The adoption of Kyoto Protocol in economies, such as Japan, Australia, and Canada, and the Montreal Protocol in the U.S. and Canada, are expected to further restrict the use of products contributing to GHG emission, thus, driving the demand for bio-based products such as PET. Consumer goods are projected to witness growth at a CAGR of 11.2%, in terms of volume, from 2016 to 2025. Rising demand for eco-friendly packaging among personal care companies including P&G is expected to play a vital role in increasing the market size for bio-based PET in consumer goods. Europe was the second largest market, which is likely to account for 27.1% of global volume by the end o...