Latest industry research report on Bio-Based Polyethylene Market. Polymer produced from renewable feedstock such as sugarcane is termed as bio-based polyethylene. Furthermore, bio -based polyethylene is mainly used in packaging application such as bottles, carry bags etc. Besides this, its renewable characteristic makes it an environment friendly to various chemical counterparts that are likely to witness market demand in the next five to six years. Rising demand on sustainable packaging is likely to be a major factor driving the bio-based polyethylene industry. In addition, strict regulation and initiatives adopted by the government bodies to lower GHG emission would drive the industry in years to come.
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However, uncertainty regarding the availability of raw materials may hinder the market growth to a greater extent. On the other hand, a technological development majorly in hydraulic fracturing is anticipated to create greater opportunities.
The market is segmented based on applications and geography.
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