Market Overview:
The global bio-based PET market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the bio-based PET bottles have the largest market share about 66%. By application, the packaging industry has the largest market share about 43%. The automotive industry is expected to grow at a CAGR of 10.4% from 2018 to 2030. Asia Pacific has the largest market share about 47%.
Product Definition:
Bio-based PET is made from plant based materials and is biodegradable. It's importance is that it can be recycled and reused multiple times.
Bio-based PET Bottles:
Bio-based PET bottles are made from Polyethylene Terephthalate (PET), which is a non-toxic, safe, and lightweight material that can be recycled. Bio-based PET bottles are used for packaging various products such as milk, water, oil & gas among others.
Bio-based PET Fibers:
Bio-based PET fibers are a class of polymer fiber composites that are manufactured using renewable plant-based raw materials such as cellulose, starch, and lignin. Bio-based PET market is segmented on the basis of product type which includes Abundant (A), Semi - Abundant (S), Specialty (X) & Other Starch Based Polymers.
Application Insights:
The packaging industry was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The increasing use of bio-based PET in food & beverage, personal care, pharmaceuticals and other packaging applications is expected to drive demand.
Packaging accounted for a revenue share of 29.1% in 2017 owing to growing consumerism trends across various industries coupled with stringent regulations regarding waste management has resulted in increased demand for eco-friendly solutions, which has positively influenced market growth over the past few years.
Automotive application segment is estimated to witness significant growth from 2018 to 2030 on account of rising need for lightweight vehicles that are more durable than their conventional counterparts.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand from various end-use industries in this region. China and India are among the largest markets for bio-based PET products in this region due to high growth potential, low labor costs, easy availability of land and favorable climatic conditions for plant growth.
North America was valued at USD X million in 2017 as per the EPA’s estimates which indicates a significant increase over past years owing to rising product demand from major end-use industries such as automotive, packaging, electronics & appliances among others. The U.S.
Growth Factors:
- Increasing demand from end-use industries such as packaging and automotive
- Rising awareness about the benefits of bio-based PET over traditional petrochemical-based PET
- Government initiatives and regulations supporting the use of bio-based materials
- Technological advancements that improve the efficiency and performance of bio-based PET products
- Growing demand for sustainable packaging solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-based PET Market Research Report
By Type
Bio-based PET Bottles, Bio-based PET Fibers, Bio-based PET Films, Others, Bio-based PET Bottles have largest market share about 66%.
By Application
Packaging Industry, Automotive Industry, Electronics Industry, Textile Industry, Others
By Companies
Toray Industries, Plastipak Holdings, Indorama Ventures, Teijin, Anellotech, Far Eastern New Century, Toyota Tsusho, Coca-Cola
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Bio-based PET Market Report Segments:
The global Bio-based PET market is segmented on the basis of:
Types
Bio-based PET Bottles, Bio-based PET Fibers, Bio-based PET Films, Others, Bio-based PET Bottles have largest market share about 66%.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging Industry, Automotive Industry, Electronics Industry, Textile Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray Industries
- Plastipak Holdings
- Indorama Ventures
- Teijin
- Anellotech
- Far Eastern New Century
- Toyota Tsusho
- Coca-Cola
Highlights of The Bio-based PET Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio-based PET Bottles
- Bio-based PET Fibers
- Bio-based PET Films
- Others
- Bio-based PET Bottles have largest market share about 66%.
- By Application:
- Packaging Industry
- Automotive Industry
- Electronics Industry
- Textile Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-based PET Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-based PET is a type of plastic that is made from plant-based materials. This type of plastic can be more environmentally friendly than traditional plastics because it does not require oil to produce and it can be recycled multiple times.
Some of the key players operating in the bio-based pet market are Toray Industries, Plastipak Holdings, Indorama Ventures, Teijin, Anellotech, Far Eastern New Century, Toyota Tsusho, Coca-Cola.
The bio-based pet market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio-based PET Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bio-based PET Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bio-based PET Market - Supply Chain
4.5. Global Bio-based PET Market Forecast
4.5.1. Bio-based PET Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bio-based PET Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bio-based PET Market Absolute $ Opportunity
5. Global Bio-based PET Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bio-based PET Market Size and Volume Forecast by Type
5.3.1. Bio-based PET Bottles
5.3.2. Bio-based PET Fibers
5.3.3. Bio-based PET Films
5.3.4. Others
5.3.5. Bio-based PET Bottles have largest market share about 66%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bio-based PET Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bio-based PET Market Size and Volume Forecast by Application
6.3.1. Packaging Industry
6.3.2. Automotive Industry
6.3.3. Electronics Industry
6.3.4. Textile Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bio-based PET Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bio-based PET Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bio-based PET Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bio-based PET Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bio-based PET Demand Share Forecast, 2019-2026
9. North America Bio-based PET Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bio-based PET Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bio-based PET Market Size and Volume Forecast by Application
9.4.1. Packaging Industry
9.4.2. Automotive Industry
9.4.3. Electronics Industry
9.4.4. Textile Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bio-based PET Market Size and Volume Forecast by Type
9.7.1. Bio-based PET Bottles
9.7.2. Bio-based PET Fibers
9.7.3. Bio-based PET Films
9.7.4. Others
9.7.5. Bio-based PET Bottles have largest market share about 66%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bio-based PET Demand Share Forecast, 2019-2026
10. Latin America Bio-based PET Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bio-based PET Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bio-based PET Market Size and Volume Forecast by Application
10.4.1. Packaging Industry
10.4.2. Automotive Industry
10.4.3. Electronics Industry
10.4.4. Textile Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bio-based PET Market Size and Volume Forecast by Type
10.7.1. Bio-based PET Bottles
10.7.2. Bio-based PET Fibers
10.7.3. Bio-based PET Films
10.7.4. Others
10.7.5. Bio-based PET Bottles have largest market share about 66%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bio-based PET Demand Share Forecast, 2019-2026
11. Europe Bio-based PET Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bio-based PET Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bio-based PET Market Size and Volume Forecast by Application
11.4.1. Packaging Industry
11.4.2. Automotive Industry
11.4.3. Electronics Industry
11.4.4. Textile Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bio-based PET Market Size and Volume Forecast by Type
11.7.1. Bio-based PET Bottles
11.7.2. Bio-based PET Fibers
11.7.3. Bio-based PET Films
11.7.4. Others
11.7.5. Bio-based PET Bottles have largest market share about 66%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bio-based PET Demand Share, 2019-2026
12. Asia Pacific Bio-based PET Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bio-based PET Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bio-based PET Market Size and Volume Forecast by Application
12.4.1. Packaging Industry
12.4.2. Automotive Industry
12.4.3. Electronics Industry
12.4.4. Textile Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bio-based PET Market Size and Volume Forecast by Type
12.7.1. Bio-based PET Bottles
12.7.2. Bio-based PET Fibers
12.7.3. Bio-based PET Films
12.7.4. Others
12.7.5. Bio-based PET Bottles have largest market share about 66%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bio-based PET Demand Share, 2019-2026
13. Middle East & Africa Bio-based PET Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bio-based PET Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bio-based PET Market Size and Volume Forecast by Application
13.4.1. Packaging Industry
13.4.2. Automotive Industry
13.4.3. Electronics Industry
13.4.4. Textile Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bio-based PET Market Size and Volume Forecast by Type
13.7.1. Bio-based PET Bottles
13.7.2. Bio-based PET Fibers
13.7.3. Bio-based PET Films
13.7.4. Others
13.7.5. Bio-based PET Bottles have largest market share about 66%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bio-based PET Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bio-based PET Market: Market Share Analysis
14.2. Bio-based PET Distributors and Customers
14.3. Bio-based PET Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toray Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Plastipak Holdings
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Indorama Ventures
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Teijin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anellotech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Far Eastern New Century
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toyota Tsusho
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Coca-Cola
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook