Bio-based Polyethylene (PE) Market Outlook, Company Share To 2020: Grand View Research, Inc.12/1/2014 Bio-based Polyethylene (PE) market is expected to witness growth owing to volatile prices and limited supply of crude oil. Growing green packaging has promoted sustainable packaging market, which is expected to fuel bio-based PE demand over the next six years. European Commission has framed strategy, Europe 2020, intended for factors affecting climate change with a focus on reducing GHG emission. Under this, the commission passed Directive 2003/87/EC for GHG emission reduction. U.S. and Canada have adopted Montreal Protocol for reducing GHG emission, which in turn is expected to promote bio-based PE demand over the next six years.
The Japanese government has set a goal of 20% bio-based plastics consumption by 2020, replacing synthetic plastics, which is expected to promote bioplastics demand such as bio-PE over the next six years. The Thailand government announced a soft loan program of USD 3.1 billion for promoting domestic production for bioplastics in August 2014. This is expected to attract new investments in bioplastics production and open new avenues in the near future. For More Information On " Bio-based Polyethylene (PE) Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/bio-based-polyethylene-pe-market Braskem, one of the largest bio-based PE manufacturers, accounted for over 25% of the global production capacity in 2012. Braskem markets its product under the brand name Green PE and has signed supply agreements with packaging manufacturers such Proctor & Gamble and Tetra pack. The company was planning on capacity expansion but reportedly discontinued plans due to cost pressures. In July 2011, Dow Chemicals and Mitsui Co. & ltd. had announced a joint venture for the establishment of bio-based PE manufacturing plant of worth USD 1.5 million at Santa Vitoria, Minas Gerais state in Brazil. Request TOC of " Bio-based Polyethylene (PE) Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/bio-based-polyethylene-pe-market/request-toc About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://marketshare.blog.com/
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