Report Scope:
This report analyzes the global bio-PET market based on segmentation of application. These segmentations are further analyzed at the global and regional levels.
The base year considered for analysis is 2022, and the market estimates and forecasts are given from 2023 to 2028. The market estimates are provided in terms of volume (kilotons) and revenue (U.S. dollars, thousand).
The scope for the bio-PET market is segmented based on application into -
- Packaging.
- Bottle.
- Pouch and bag.
- Other packaging.
- Consumer goods.
- Automotive.
- Others.
Report Includes:
- 69 data tables and 19 additional tables
- An overview of the global bio-PET market
- In-depth analysis of market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024 and 2028. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
- Evaluations of the current market size and revenue growth prospects for the bio-PET market, accompanied by an analysis of market share by application and geographic region
- Analyses of the market's dynamics, including growth drivers, inhibitors and opportunities, and insights into the regulatory environment
- A comparative assessment of conventional PET vs. bio-PET; and discussions of recent developments in rigid food packaging, production technology for bio-PET production, technological advances in packaging, and nanotechnology in the food and beverage packaging industry
- Information on the Coca-Cola Co.'s initiative in commercializing PET beverage bottles and the major steps taken towards the use of renewable plant materials
- An examination of ESG developments, relevant patents; M&A, venture funding and emerging technologies in the bio-PET market
- Profiles of leading market participants
Summary:
The global market for bio-PET was estimated to be worth $REDACTED million in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of REDACTED% from 2023 to 2028, and it is expected to reach $REDACTED million by 2028. PET, made from bio-based materials, is a polyester resin that comes from natural sources and is used to create a variety of things, including bottles, packaged goods, vehicle interiors and electronics.
Conventional plastic is non-decomposable due to the presence of various harmful chemical components, which restricts its use in a range of end-use applications. These toxic chemicals hamper the environment, living things and human health. Global demand for biodegradable plastics such as bio-PET is rising due to the growing concern over plastic pollution, as microplastics can harm plants and animals. As a result, the market for bio-based polyethylene terephthalate (PET) will experience higher demand.
PET is a thermoplastic substance that is used to make bottles, films and textile fibers. It is extensively used in the packaging industry and comprises REDACTED% monoethylene glycol (MEG) and REDACTED% terephthalic acid by weight. MEG is created for bio-PET using renewable plant-based raw ingredients such as sugar cane rather than fossil-based raw materials.
In this report, the global market's bio-PET has been segmented based on application and geography. PET is primarily used to make bottles, and it is anticipated that bio-PET will be a significant component of bottle production in the future. The demand for these bottles, particularly from soft drinks companies such as PepsiCo, Inc. and Coca-Cola, is anticipated to significantly expand the bio-PET industry. These businesses are actively investing significant resources in the production of bio-PET bottles and doing their part to save the environment.
For instance, in 2021, The Coca-Cola Co. declared that it is moving towards commercializing PET beverage bottles made entirely of renewable plant materials (excluding caps and labels). The exact launch date has yet to be specified. However, REDACTED prototype bottles in a small run made entirely of bio-PET had been made. The packaging segment currently dominates the market, with a value of $REDACTED million in 2022. The packaging segment is anticipated to expand at a CAGR of REDACTED%, and it is predicted to reach $REDACTED million by 2028.
Five geographical regions have been identified for the bio-PET market: North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. In 2022, the global market for bio-PET was dominated by the Asia-Pacific region. The Asia-Pacific bio-PET market generated $REDACTED million in revenue in 2022, holding REDACTED% of the global market. A few of the main factors propelling the North American market are the existence of several domestic and foreign companies, the accessibility of resources, technological advancements and the spike in demand for bio-based packaging. The North America market for bio-PET was estimated to be worth $REDACTED million in 2022. By 2028, this market is anticipated to develop at a CAGR of REDACTED% and reach $REDACTED million
Global Bio-PET Market
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Research Methodology
Geographic Breakdown
Segmentation Breakdown
Chapter 2 Summary and Highlights
Market Outlook
Market Summary
Chapter 3 Market Overview
Introduction to Bio-PET
Conventional PET Vs. Bio-PET
Chapter 4 Market Dynamics
Market Drivers and Restraints
Market Drivers
Market Challenges
Supply Chain Analysis
Regulatory Landscape
COVID-19 Impact
Pricing Overview
Porter's Five Forces Analysis
Chapter 5 Emerging Technologies
Technology Trends
Recent Development in Rigid Food Packaging
Production Technology for Bio-PET Production
Technological Advancements in Packaging
Nanotechnology in the Food and Beverage Packaging Industry
New Product and Technology Development
Chapter 6 Market Breakdown by Application
Global Bio-PET Market, by Application
Packaging
Consumer Goods
Automotive
Other Applications
Chapter 7 Market Breakdown by Region
Global Bio-PET Market, by Region
North America
Market Size and Forecast
U.S.
Canada
Europe
Market Size and Forecast
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Market Size and Forecast
China
India
Japan
Southeast Asia
Rest of Asia-Pacific
Latin America
Market Size and Forecast
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Market Size and Forecast
GCC Countries
South Africa
Rest of the Middle East and Africa
Chapter 8 Sustainability in the Bio-PET Industry: An ESG Perspective
Importance of ESG in the Bio-PET Industry
ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Bio-PET Industry
ESG Carbon Footprint Issue Analysis
Current Status of ESG in the Bio-PET Market
Case Studies: Examples of Successful ESG Implementation
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
Chapter 9 Mergers and Acquisitions
Merger and Acquisitions
Merger and Acquisition Activities
Chapter 10 Competitive Landscape
Market Competitiveness
Market Player Positioning
Chapter 11 Company Profiles
AMCOR PLC
FAR EASTERN NEW CENTURY CORP.
FKUR
IWATANI CORP.
NESTE OYJ
PLASTIPAK HOLDINGS INC.
TEIJIN LTD.
TORAY INDUSTRIES INC.
Chapter 12 Appendix: Acronyms
Acronyms
List of Tables
Summary Table : Global Market for Bio-PET, by Region, Through 2028
Table 1 : New Product and Technology Development in Global Bio-PET Market, 2022-2023
Table 2 : Global Market Volumes of Bio-PET, by Application, Through 2028
Table 3 : Global Market for Bio-PET, by Application, Through 2028
Table 4 : Global Market Volumes of Bio-PET in Packing Applications, by Region, Through 2028
Table 5 : Global Market for Bio-PET in Packing Applications, by Region, Through 2028
Table 6 : Global Market Volumes of Bio-PET in Consumer Goods Applications, by Region, Through 2028
Table 7 : Global Market for Bio-PET in Consumer Goods Applications, by Region, Through 2028
Table 8 : Global Market Volumes of Bio-PET in Automotive Applications, by Region, Through 2028
Table 9 : Global Market for Bio-PET in Automotive Applications, by Region, Through 2028
Table 10 : Global Market Volumes of Bio-PET in Other Applications, by Region, Through 2028
Table 11 : Global Market for Bio-PET in Other Applications, by Region, Through 2028
Table 12 : Global Market Volumes of Bio-PET, by Region, Through 2028
Table 13 : Global Market for Bio-PET, by Region, Through 2028
Table 14 : North American Market Volumes of Bio-PET, by Application, Through 2028
Table 15 : North American Market for Bio-PET, by Application, Through 2028
Table 16 : U.S. Market Volumes of Bio-PET, by Application, Through 2028
Table 17 : U.S. Market for Bio-PET, by Application, Through 2028
Table 18 : Canadian Market Volumes of Bio-PET, by Application, Through 2028
Table 19 : Canadian Market for Bio-PET, by Application, Through 2028
Table 20 : European Market Volumes of Bio-PET, by Application, Through 2028
Table 21 : European Market for Bio-PET, by Application, Through 2028
Table 22 : German Market Volumes of Bio-PET, by Application, Through 2028
Table 23 : German Market for Bio-PET, by Application, Through 2028
Table 24 : U.K. Market Volumes of Bio-PET, by Application, Through 2028
Table 25 : U.K. Market for Bio-PET, by Application, Through 2028
Table 26 : French Market Volumes of Bio-PET, by Application, Through 2028
Table 27 : French Market for Bio-PET, by Application, Through 2028
Table 28 : Italian Market Volumes of Bio-PET, by Application, Through 2028
Table 29 : Italian Market for Bio-PET, by Application, Through 2028
Table 30 : Spanish Market Volumes of Bio-PET, by Application, Through 2028
Table 31 : Spanish Market for Bio-PET, by Application, Through 2028
Table 32 : Russian Market Volumes of Bio-PET, by Application, Through 2028
Table 33 : Russian Market for Bio-PET, by Application, Through 2028
Table 34 : Rest of European Market Volumes of Bio-PET, by Application, Through 2028
Table 35 : Rest of European Market for Bio-PET, by Application, Through 2028
Table 36 : Asia-Pacific Market Volumes of Bio-PET, by Application, Through 2028
Table 37 : Asia-Pacific Market for Bio-PET, by Application, Through 2028
Table 38 : Chinese Market Volumes of Bio-PET, by Application, Through 2028
Table 39 : Chinese Market for Bio-PET, by Application, Through 2028
Table 40 : Indian Market Volumes of Bio-PET, by Application, Through 2028
Table 41 : Indian Market for Bio-PET, by Application, Through 2028
Table 42 : Japanese Market Volumes of Bio-PET, by Application, Through 2028
Table 43 : Japanese Market for Bio-PET, by Application, Through 2028
Table 44 : Southeast Asian Market Volumes of Bio-PET, by Application, Through 2028
Table 45 : Southeast Asian Market for Bio-PET, by Application, Through 2028
Table 46 : Rest of Asia-Pacific Market Volumes of Bio-PET, by Application, Through 2028
Table 47 : Rest of Asia-Pacific Market for Bio-PET, by Application, Through 2028
Table 48 : Latin American Market Volumes of Bio-PET, by Application, Through 2028
Table 49 : Latin American Market for Bio-PET, by Application, Through 2028
Table 50 : Brazilian Market Volumes of Bio-PET, by Application, Through 2028
Table 51 : Brazilian Market for Bio-PET, by Application, Through 2028
Table 52 : Mexican Market Volumes of Bio-PET, by Application, Through 2028
Table 53 : Mexican Market for Bio-PET, by Application, Through 2028
Table 54 : Rest of Latin American Market Volumes of Bio-PET, by Application, Through 2028
Table 55 : Rest of Latin American Market for Bio-PET, by Application, Through 2028
Table 56 : MEA Market Volumes of Bio-PET, by Application, Through 2028
Table 57 : MEA Market for Bio-PET, by Application, Through 2028
Table 58 : GCC Countries Market Volumes of Bio-PET, by Application, Through 2028
Table 59 : GCC Countries Market for Bio-PET, by Application, Through 2028
Table 60 : South African Market Volumes of Bio-PET, by Application, Through 2028
Table 61 : South African Market for Bio-PET, by Application, Through 2028
Table 62 : Rest of the MEA Market Volumes of Bio-PET, by Application, Through 2028
Table 63 : Rest of the MEA Market for Bio-PET, by Application, Through 2028
Table 64 : ESG Factors Impacting Bio-PET Market
Table 65 : ESG Carbon Footprint Issue Analysis
Table 66 : ESG Ratings, by Bio-PET Company
Table 67 : Neste Sustainability Highlights, 2022
Table 68 : Mergers and Acquisitions, 2023
Table 69 : Amcor plc: Annual Revenue, 2023
Table 70 : Amcor plc: Bio-PET Product Portfolio
Table 71 : Far Eastern New Century Corp.: Annual Revenue, 2022
Table 72 : Far Eastern New Century Corp.: News, 2019-2022
Table 73 : Far Eastern New Century Corp.: Bio-PET Product Portfolio
Table 74 : Diamond Green Diesel: Bio-PET Product Portfolio
Table 75 : Iwatani Corp.: Annual Revenue, 2022
Table 76 : Iwatani Corp.: Bio-PET Product Portfolio
Table 77 : Neste Oyj: Annual Revenue, 2022
Table 78 : Neste Oyj: News, 2022-2023
Table 79 : Neste Oyj: Bio-PET Product Portfolio
Table 80 : Plastipak Holdings Inc.: News, 2023
Table 81 : Plastipak Holdings Inc.: Bio-PET Product Portfolio
Table 82 : Teijin Ltd.: Annual Revenue, 2022
Table 83 : Teijin Ltd.: Bio-PET Product Portfolio
Table 84 : Toray Industries Inc.: Annual Revenue, 2022
Table 85 : Toray Industries Inc.: News, 2022
Table 86 : Toray Industries Inc.: Bio-PET Product Portfolio
Table 87 : Acronym Used in This Report
List of Figures
Summary Figure : Global Market Shares of Bio-PET, by Region, 2022
Figure 1 : Bio-PET Production Flow
Figure 2 : Market Dynamics: Drivers and Challenges
Figure 3 : Global Production Capacities of Bioplastics, 2017-2023
Figure 4 : Supply Chain Partners Ecosystem: Bio-PET
Figure 5 : Bio-based PET Price, by Region, 2022-2028
Figure 6 : Porter's Five Forces Analysis: Global Bio-PET Market
Figure 7 : Global Market Shares of Bio-PET, by Application, 2022
Figure 8 : Global Market Shares of Bio-PET in Packing Applications, by Region, 2022
Figure 9 : Global Market Shares of Bio-PET in Consumer Goods Applications, by Region, 2022
Figure 10 : Global Market Shares of Bio-PET in Automotive Applications, by Region, 2022
Figure 11 : Global Market Shares of Bio-PET in Other Applications, by Region, 2022
Figure 12 : Global Market for Bio-PET, by Region
Figure 13 : Global Market Shares of Bio-PET, by Region, 2022
Figure 14 : North American Market Shares of Bio-PET, by Application, 2022
Figure 15 : U.S. Market Shares of Bio-PET, by Application, 2022
Figure 16 : Canadian Market Shares of Bio-PET, by Application, 2022
Figure 17 : European Market Shares of Bio-PET, by Application, 2022
Figure 18 : German Market Shares of Bio-PET, by Application, 2022
Figure 19 : U.K. Market Shares of Bio-PET, by Application, 2022
Figure 20 : French Market Shares of Bio-PET, by Application, 2022
Figure 21 : Italian Market Shares of Bio-PET, by Application, 2022
Figure 22 : Spanish Market Shares of Bio-PET, by Application, 2022
Figure 23 : Russian Market Shares of Bio-PET, by Application, 2022
Figure 24 : Rest of European Market Shares of Bio-PET, by Application, 2022
Figure 25 : Asia-Pacific Market Shares of Bio-PET, by Application, 2022
Figure 26 : Chinese Market Shares of Bio-PET, by Application, 2022
Figure 27 : Indian Market Shares of Bio-PET, by Application, 2022
Figure 28 : Japanese Market Shares of Bio-PET, by Application, 2022
Figure 29 : Southeast Asian Market Shares of Bio-PET, by Application, 2022
Figure 30 : Rest of Asia-Pacific Market Shares of Bio-PET, by Application, 2022
Figure 31 : Latin American Market Shares of Bio-PET, by Application, 2022
Figure 32 : Brazilian Market Shares of Bio-PET, by Application, 2022
Figure 33 : Mexican Market Shares of Bio-PET, by Application, 2022
Figure 34 : Rest of Latin American Market Shares of Bio-PET, by Application, 2022
Figure 35 : MEA Market Shares of Bio-PET, by Application, 2022
Figure 36 : GCC Countries Market Shares of Bio-PET, by Application, 2022
Figure 37 : South African Market Shares of Bio-PET, by Application, 2022
Figure 38 : Rest of the MEA Market Shares of Bio-PET, by Application, 2022
Figure 39 : ESG Factors in Bio-PET Market
Figure 40 : Shares of Mergers and Acquisitions in the Global Bio-PET Market, by Region, 2023
Figure 41 : Market Entry Strategies: Suggestions for Small and Medium-Sized Players
Figure 42 : Market Player Positioning
Figure 43 : Amcor plc: Annual Revenue, 2022 and 2023
Figure 44 : Amcor plc: Revenue Share, by Business Segment, 2022
Figure 45 : Amcor plc: Revenue Share, by Country/Region, 2022
Figure 46 : Far Eastern New Century Corp.: Annual Revenue, 2021 and 2022
Figure 47 : Far Eastern New Century Corp.: Revenue Share, by Business Segment, 2022
Figure 48 : Far Eastern New Century Corp.: Revenue Share, by Country/Region, 2022
Figure 49 : Iwatani Corp.: Annual Revenue, 2021 and 2022
Figure 50 : Iwatani Corp.: Revenue Share, by Business Segment, 2022
Figure 51 : Neste Oyj: Annual Revenue, 2021 and 2022
Figure 52 : Neste Oyj: Revenue Share, by Business Segment, 2022
Figure 53 : Neste Oyj: Revenue Share, by Country/Region, 2022
Figure 54 : Neste Oyj: Renewable Product Segment Revenue Share, by Country/Region, 2022
Figure 55 : Teijin Ltd.: Annual Revenue, 2021 and 2022
Figure 56 : Toray Industries Inc.: Annual Revenue, 2021 and 2022
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