Bio-Polyethylene Terephthalate (Bio-PET) Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Bio-PET Market Overview

Bio-PET refers to a type of PET (polyethylene terephthalate) plastic that is made from renewable, plant-based materials such as sugarcane, corn starch, and other bio-based sources. Unlike traditional PET, which is derived from fossil fuels, bio-PET is a more environmentally sustainable option, as it reduces reliance on non-renewable resources and helps to reduce carbon emissions.

Bio-PET has several applications, including bottles, textiles, automotive, and consumer goods. It also has good barrier properties, which help to protect the contents from oxygen and moisture. The bottles segment dominates the market as Bio-PET is widely used for water packaging, various beverage packaging, juice packaging, beer containers, food containers, and other applications. It is likely to dominate during the forecast period as well. During the forecast period, all of these factors contribute to the growth of the global bio-based polyethylene terephthalate market.

Bio-Polyethylene Terephthalate (Bio-PET) Application 

Bio-Polyethylene Terephthalate (Bio-PET) Application -2019

The Coca-Cola Company and Suntory unveil their first beverage bottle prototypes made up of 100% bio-PET. The fully recyclable prototype plant-based bottle is estimated to significantly lower carbon emissions compared to existing petroleum-based bottles.

Asia Pacific holds the largest share of the Bio-PET market. Key companies in China and India are increasing their Bio-PET production capacity to cater to the growing demand. The region’s market is driven by the high consumption of alcoholic beverages and carbonated soft drinks which will positively impact the Bio-PET market.

Bio-Polyethylene Terephthalate (Bio-PET) Manufacturers

Mitsui & Co. is planning to build a 400 thousand tons Bio-PET plant in the US which is set to start operations by 2025.

Origin Materials and Indorama Ventures announced a partnership on May 1, 2023, to accelerate the mass production of bio-based materials. These materials will include bio-PTA, bio-PET, and advanced bio-FDCA.

Carbios is set to build a manufacturing plant for fully bio-recycled PET in partnership with Indorama Ventures which is set to start production by 2025.

Global Bio-Polyethylene Terephthalate (Bio-PET) Demand Analysis 

Global Bio-Polyethylene Terephthalate (Bio-PET) Demand Analysis (2014 - 2030)


Rising demand from the Automotive Industry

Bio-based plastics help in minimizing the environmental impact of car production by further reducing CO2 emissions and energy use. Additionally, materials such as bio-PET feature all the performance criteria to produce high-quality car components. The rising awareness about the benefits of bio-PET, the increasing preference for eco-friendly materials, and the stringent government regulations regarding the use of traditional plastics will boost the market for bio-PET in the Automotive sector.

Bio PET can be utilized for manufacturing various interior components, such as seat fabrics, carpeting, headliners, and door panels. It offers similar performance characteristics as conventional PET but with a reduced environmental impact. With the rise of EVs, bio-PET can be used in battery components. It can be used in battery casings, insulation materials, and separators, providing electrical insulation, thermal stability, and protection for the battery system.

Many automotive manufacturers are aiming to reduce the weight of their vehicles to make them more fuel-efficient. Toyota was the first company to incorporate bioplastics in their vehicle production. Hyundai’s IONIQ 5 uses fabric made up of bio-PET yarns for interior ceiling finishing materials, seat covers, floor mats, and floor carpets are made of fabrics that have been extracted from sugar cane and corn.

Bio-Polyethylene Terephthalate (Bio-PET) Regional Demand

Bio-Polyethylene Terephthalate (Bio-PET) Regional Demand

High Costs

Bio-PET has many advantages as an eco-friendly and sustainable alternative to traditional PET plastic, but it also has some disadvantages. Bio-PET is currently more expensive to produce than traditional PET plastic. This is because the production process for bio-PET requires the use of renewable feedstocks, which are more expensive than fossil fuels. As a result, products made from bio-PET can be more expensive for consumers.

While bio-PET is biodegradable, it requires specific conditions to break down properly. For instance, it needs to be composted in an industrial composting facility, which is not available in all areas. If it is not properly composted, it can still contribute to plastic waste in the environment.

Scope of Report 

The Bio-Polyethylene Terephthalate (Bio-PET) report describes the global Bio-Polyethylene Terephthalate (Bio-PET) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review
•  Demand Balance 
•  Bio-Polyethylene Terephthalate (Bio-PET) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Bio-Polyethylene Terephthalate (Bio-PET) Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Packaging
      • Textile
      • Automotive
      • Consumer Goods
      • Others 
5.  Introduction to Bio-Polyethylene Terephthalate and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Bio-Polyethylene Terephthalate Demand Analysis, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Bio-Polyethylene Terephthalate Market, By Applications
          Bottles
          Textile
          Automotive
          Consumer Goods
          Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Bio-Polyethylene Terephthalate Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Bio-Polyethylene Terephthalate Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Braskem
             - Coca-Cola Business
             - Teijin Limited
             - Toyota Tsusho
             - Plastipak Holdings Inc
             - Toray Industries Inc
             - M&G Chemicals 
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Bio-Polyethylene Terephthalate (Bio-PET) report describes the global Bio-Polyethylene Terephthalate (Bio-PET) market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Applications
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review
•  Demand Balance 
•  Bio-Polyethylene Terephthalate (Bio-PET) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Bio-Polyethylene Terephthalate (Bio-PET) Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the Bio-PET market?
The Bio-Polyethylene Terephthalate (Bio-PET) market was 52 thousand tons in 2023. The Bio-PET Market size is estimated at around 60 thousand tons in 2024 and is expected to reach around 75 thousand tons by 2032, growing at a CAGR of 4.5% during the forecast.