"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Bio-based PET Market Size, Share & Industry Analysis, By Application ( Bottles, Consumer Goods, Technical, Others) and Regional Forecast, 2023-2030

Region : Global | Report ID: FBI102739 | Status : Ongoing



Bio-based polyethylene terephthalate (PET) is a polyester resin derived from natural sources such as sugarcane, corn, molasses, and others. It is used in the production of products including, packaged goods, automotive interiors, bottles, construction products, and electronics. Bio-based PET is produced from ethylene glycol derived from plant sources, which contain mono-ethylene glycol (MEG) and terephthalic acid. Bio-PET offers properties such as recyclability, minimum carbon footprint, non-toxic, and resistance to shatter. The increasing adoption of green and bio-based production to reduce harm on the environment is one of the major reasons driving the growth of the bio-based PET market.

The market for bio-based PET is driven due to stringent regulations on the use of petroleum-based polymers. Regulations imposed by the governments to restrict the use of synthetic PET, and to minimize carbon and greenhouse gas emissions has resulted into growth in demand for bio-PET.

Key Market Driver -

Stringent regulations on the use of petroleum-based polymers

Key Market Restraint -

Irregular supply of feedstock

The irregular supply of feedstock is expected to act as a market restraint for the global bio-based PET market. Bio-based PET is derived from natural sources such as corn, sugarcane, and molasses. The irregularity in the supply of raw materials required for the production of bio-PET will restrict the growth of the bio-based PET market. Additionally, the high production cost of bio-based PET compared to that of petroleum-based PET, is expected to hinder the growth of the market.

Market Segmentation:

Based on application, the market is segmented into bootle, consumer goods, technical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

Some of the key players in the bio-based pet market includes, Toyota Tsusho Corporation, Toray Industries, Inc., TEIJIN LIMITED, M&G Chemicals, Plastipak Holdings, Inc., Novamont S.p.A., NatureWorks LLC, Anellotech, Gevo, and other key players.

Key Insights

  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis

Regional Analysis:

To gain extensive insights into the market, Request for Customization

The bio-based PET market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to witness rise in demand for bio-based PET due to thehigh demand for eco-friendly, and recyclable bottles from industries such as foods & beverages, pharmaceuticals, and cosmetics. In Europe, regulations imposed by the government regarding carbon emissions from vehicles will increase the demand for bio-based PET from automotive industry to reduce the weight of the vehicle. Availability of raw materials, and low cost of production of bio-based PET in Asia Pacific, will increase the bio-based PET market in this region.  In Latin America, and the Middle East & Africa, the growth of bio-based PET market will be due to the rapid industrialization activities and the growing concern towards the environment.




By Application

  • Bottles

  • Consumer Goods

  • Technical

  • Others

By Geography

  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Ongoing
  • 2022
  • 2019-2021


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.