Market Overview:
The global bio-based polyethylene terephthalate (PET) market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for bio-based PET from various applications, such as bottles, fibers and automotive parts. In addition, the growing awareness about environment friendly products is also propelling the demand for bio-based PET products across the globe. Based on type, the global bio-based PET market has been segmented into sugar cane based, sugar beet based and corn based segments. Among these segments, sugar cane based segment is anticipated to witness highest growth rate over next few years owing to its high yield and easy availability as compared to other sources of biomass feedstock used in manufacturing of bio-based PET resin. Regionally speaking North America dominates global Bio Based Polyethylene Teraphthalate Market with highest share in terms revenue contribution followed by Europe and Asia Pacific region respectively in 2017 .
Product Definition:
Bio based polyethylene teraphthalate is a bio-based polymer made from renewable resources. It has excellent physical and mechanical properties, making it a good alternative to traditional plastics. Bio based polyethylene teraphthalate can be used for many applications, including packaging, automotive parts, and construction materials.
From Sugar Cane:
From sugar cane is a by-product of the sugar refining industry. It is also known as white gold and can be used in various applications such as food packaging, agriculture, construction materials and automotive industries. The product has high demand due to its properties such as durability & strength along with low cost & easy availability which makes it suitable for various end-use industries.
From Sugar Beet:
From sugar beet and it's usage in Bio Based Polyethylene Teraphthalate market is a process where sugar extracted from beets are processed into ethanol, and then the by-product known as molasses are used to produce ethylene. The major application of ethylene is in the production of polyethylene (PE) which is further utilized for manufacturing various products such as plastic bottles, containers, etc.
Application Insights:
Bio based PET is used in bottles application owing to its properties such as high impact resistance, low permeability and excellent clarity. It is also used for manufacturing water bottles, sports drinks, carbonated soft drinks (CSD) and other beverages. Bottles are likely to be the major application segment over the forecast period owing to increasing demand from packaging food & beverage products.
Fibers are expected to be one of the fastest growing segments due largelyto their rising applications in textile industry including fashion clothing, carpets and industrial fabrics among others. Bio based PET fibers offer excellent tensile strength along with high abrasion resistance which makes it a favorable choice for use in various end-use industries especially textiles where performance matters most.
Automotive sector emerged as one of the prominent consumers preferring bio basedPET since it offers better heat retention characteristics than conventional materials on account of higher melting point compared with other plastics currently being utilized by automakers for vehicle components such as dashboards, lighting systems.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60.0% in 2017. The region is expected to witness significant growth due to rising demand from end-use industries such as bottles, automotive, and others.
The bio based PET market across Europe is anticipated to grow at a moderate pace owing to stringent government regulations regarding biopolymers along with their sustainability and production methods.
In North America, increasing focus on sustainable packaging materials by regulatory bodies including FDA.
Growth Factors:
- Increasing demand from end-use industries: The global bio based polyethylene terephthalate market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for bio based polyethylene terephthalate from various end-use industries such as automotive, packaging, and construction.
- Rising environmental concerns: There has been a growing concern among consumers about the use of synthetic materials that are derived from petrochemicals in various applications such as food contact materials and beverage bottles. This is driving the demand for bio based polyethylene terephthalate, which is made from renewable resources such as plants or sugarcane molasses.
- Technological advancements: The development of new technologies that enable production of high quality biopolymers at competitive prices is expected to boost the growth of the global bio based polyethylene terephthalate market during the forecast period. For instance, Ineos Bio has developed a technology called “Bio-PDO” which uses enzymes derived from microorganisms to convert plant sugars into PDO (polydioxanone), a key monomer used in making PET plastics..
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio Based Polyethylene Teraphthalate Market Research Report
By Type
From Sugar Cane, From Sugar Beet, From Corn, Others
By Application
Bottles, Fibers, Automotives, Others
By Companies
Braskem, Gevo, Indorama Ventures, M&G Chemicals, Metabolix Inc, Teijin Limited, Toray Industries, Natureworks, Novamont, Toyota Tsusho, Braskem, Tianjin Greenbio Materials, Tianan Biologic Materials
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Bio Based Polyethylene Teraphthalate Market Report Segments:
The global Bio Based Polyethylene Teraphthalate market is segmented on the basis of:
Types
From Sugar Cane, From Sugar Beet, From Corn, Others
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
Bottles, Fibers, Automotives, 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:
- Braskem
- Gevo
- Indorama Ventures
- M&G Chemicals
- Metabolix Inc
- Teijin Limited
- Toray Industries
- Natureworks
- Novamont
- Toyota Tsusho
- Braskem
- Tianjin Greenbio Materials
- Tianan Biologic Materials
Highlights of The Bio Based Polyethylene Teraphthalate 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:
- From Sugar Cane
- From Sugar Beet
- From Corn
- Others
- By Application:
- Bottles
- Fibers
- Automotives
- 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 Polyethylene Teraphthalate 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
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- Consumer Insights
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- Product & Brand Management
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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 polyethylene teraphthalate is a type of plastic that is made from plant-based materials. This plastic is environmentally friendly because it does not produce greenhouse gases when it's manufactured.
Some of the major players in the bio based polyethylene teraphthalate market are Braskem, Gevo, Indorama Ventures, M&G Chemicals, Metabolix Inc, Teijin Limited, Toray Industries, Natureworks, Novamont, Toyota Tsusho, Braskem, Tianjin Greenbio Materials, Tianan Biologic Materials.
The bio based polyethylene teraphthalate market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio Based Polyethylene Teraphthalate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio Based Polyethylene Teraphthalate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio Based Polyethylene Teraphthalate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio Based Polyethylene Teraphthalate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio Based Polyethylene Teraphthalate Market Size & Forecast, 2018-2028
4.5.1 Bio Based Polyethylene Teraphthalate Market Size and Y-o-Y Growth
4.5.2 Bio Based Polyethylene Teraphthalate Market Absolute $ Opportunity
Chapter 5 Global Bio Based Polyethylene Teraphthalate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
5.2.1 From Sugar Cane
5.2.2 From Sugar Beet
5.2.3 From Corn
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bio Based Polyethylene Teraphthalate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
6.2.1 Bottles
6.2.2 Fibers
6.2.3 Automotives
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio Based Polyethylene Teraphthalate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio Based Polyethylene Teraphthalate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bio Based Polyethylene Teraphthalate Analysis and Forecast
9.1 Introduction
9.2 North America Bio Based Polyethylene Teraphthalate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
9.6.1 From Sugar Cane
9.6.2 From Sugar Beet
9.6.3 From Corn
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
9.10.1 Bottles
9.10.2 Fibers
9.10.3 Automotives
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bio Based Polyethylene Teraphthalate Analysis and Forecast
10.1 Introduction
10.2 Europe Bio Based Polyethylene Teraphthalate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
10.6.1 From Sugar Cane
10.6.2 From Sugar Beet
10.6.3 From Corn
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
10.10.1 Bottles
10.10.2 Fibers
10.10.3 Automotives
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bio Based Polyethylene Teraphthalate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bio Based Polyethylene Teraphthalate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
11.6.1 From Sugar Cane
11.6.2 From Sugar Beet
11.6.3 From Corn
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
11.10.1 Bottles
11.10.2 Fibers
11.10.3 Automotives
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bio Based Polyethylene Teraphthalate Analysis and Forecast
12.1 Introduction
12.2 Latin America Bio Based Polyethylene Teraphthalate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
12.6.1 From Sugar Cane
12.6.2 From Sugar Beet
12.6.3 From Corn
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
12.10.1 Bottles
12.10.2 Fibers
12.10.3 Automotives
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bio Based Polyethylene Teraphthalate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bio Based Polyethylene Teraphthalate Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bio Based Polyethylene Teraphthalate Market Size Forecast by Type
13.6.1 From Sugar Cane
13.6.2 From Sugar Beet
13.6.3 From Corn
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bio Based Polyethylene Teraphthalate Market Size Forecast by Applications
13.10.1 Bottles
13.10.2 Fibers
13.10.3 Automotives
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio Based Polyethylene Teraphthalate Market: Competitive Dashboard
14.2 Global Bio Based Polyethylene Teraphthalate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Braskem
14.3.2 Gevo
14.3.3 Indorama Ventures
14.3.4 M&G Chemicals
14.3.5 Metabolix Inc
14.3.6 Teijin Limited
14.3.7 Toray Industries
14.3.8 Natureworks
14.3.9 Novamont
14.3.10 Toyota Tsusho
14.3.11 Braskem
14.3.12 Tianjin Greenbio Materials
14.3.13 Tianan Biologic Materials
