The Global Market for Bio-PET 2024-2034
Polyethylene terephthalate (PET) is a thermoplastic material used for bottles, films and textile fibres. PET belongs to the polyester group. It consists of 70 percent terephthalic acid and 30 percent monoethylene glycol (MEG) by weight and is frequently used in the packaging sector. Bio-PET is a fast-growing segment of the PET market supported by strong demand drivers.
For bio-PET, MEG is produced from renewable raw materials from plants instead of fossil raw materials. Bio-PET can easily be applied in products and processed through existing recycling streams without issues. The shift to bio-based PET enables brands across industries to offer renewable plant-based plastic alternatives and reduce reliance on fossil fuel-derived PET.
Demand is forecast to exceed 2.5 million metric tons by 2034. Packaging remains the dominant application at over 70% of bio-PET consumption. Bottles for water, soft drinks, food, cosmetics are key products. Textiles are the second largest application as brands adopt bio-PET polyester fibers for sustainability. Asia Pacific is the main regional market for bio-PET.
Report contents include:
For bio-PET, MEG is produced from renewable raw materials from plants instead of fossil raw materials. Bio-PET can easily be applied in products and processed through existing recycling streams without issues. The shift to bio-based PET enables brands across industries to offer renewable plant-based plastic alternatives and reduce reliance on fossil fuel-derived PET.
Demand is forecast to exceed 2.5 million metric tons by 2034. Packaging remains the dominant application at over 70% of bio-PET consumption. Bottles for water, soft drinks, food, cosmetics are key products. Textiles are the second largest application as brands adopt bio-PET polyester fibers for sustainability. Asia Pacific is the main regional market for bio-PET.
Report contents include:
- Overview of the global bioplastics market.
- An overview of the global bio-PET market.
- Global revenues historical, estimates for 2023 and projections to 2034, segmented by application and region.
- Analysis of market growth drivers, challenges, and opportunities.
- Analysis of end-use markets including
- Packaging.
- Consumer goods.
- Automotive.
- Textiles.
- Films & sheets.
- Regulations related to bio-PET.
- Future price trend forecasts for bio-PET.
- Market outlook and supply trends.
- Comprehensive company profiles of 27 companies. Companies profiled include Hyosung Advanced Materials, Indorama Ventures, NatureWorks, Toray, Teijin, and Origin Materials. Company profiles include products, target markets, funding, and recent market activity.
1 EXECUTIVE SUMMARY
1.1 Market drivers and trends in bioplastics and biopolymers
1.2 Global production to 2034
1.3 Main producers and global production capacities
1.3.1 Producers
1.3.2 By biobased and biodegradable plastics type
1.3.3 By region
1.4 Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market
1.5 Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market
1.6 The Global bio-PET market
2 RESEARCH METHODOLOGY
3 THE GLOBAL PLASTICS MARKET
3.1 Global production of plastics
3.2 The importance of plastic
3.3 Issues with plastics use
3.4 Policy and regulations
3.5 The circular economy
3.6 Conventional polymer materials used in packaging
3.6.1 Polyolefins: Polypropylene and polyethylene
3.6.2 PET and other polyester polymers
3.6.3 Renewable and bio-based polymers for packaging
3.7 Comparison of synthetic fossil-based and bio-based polymers
3.8 End-of-life treatment of bioplastics
4 THE GLOBAL BIOPLASTICS MARKET
4.1 Bio-based or renewable plastics
4.1.1 Drop-in bio-based plastics
4.1.2 Novel bio-based plastics
4.2 Biodegradable and compostable plastics
4.2.1 Biodegradability
4.2.2 Compostability
4.3 Advantages and disadvantages
4.4 Types of Bio-based and/or Biodegradable Plastics
5 THE GLOBAL BIO-PET MARKET
5.1 Market overview
5.1.1 Currently available bio-PET
5.1.2 100% bio-PET
5.2 Comparative analysis
5.3 Supply landscape and trends
5.4 Market supply chain
5.5 SWOT analysis
5.6 Market drivers
5.7 Market challenges
5.8 Regulations
5.9 Producers and production capacities
5.9.1 Bio-PET production capacities, by country
5.10 Demand for bio-PET 2019-2034 (1,000 tons)
5.10.1 Demand by market
5.10.2 Demand by region
5.10.2.1 North America
5.10.2.2 Europe
5.10.2.3 Asia-Pacific
5.10.2.4 Rest of the world
5.11 PET biorecycling
5.12 Pricing
5.13 Markets for Bio-PET
5.13.1 Packaging
5.13.1.1 Flexible packaging
5.13.1.2 Rigid packaging
5.13.2 Consumer goods
5.13.3 Automotive
5.13.4 Textiles
5.13.5 Electronics
6 COMPANY PROFILES 78 (27 COMPANY PROFILES)
7 REFERENCES
1.1 Market drivers and trends in bioplastics and biopolymers
1.2 Global production to 2034
1.3 Main producers and global production capacities
1.3.1 Producers
1.3.2 By biobased and biodegradable plastics type
1.3.3 By region
1.4 Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market
1.5 Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market
1.6 The Global bio-PET market
2 RESEARCH METHODOLOGY
3 THE GLOBAL PLASTICS MARKET
3.1 Global production of plastics
3.2 The importance of plastic
3.3 Issues with plastics use
3.4 Policy and regulations
3.5 The circular economy
3.6 Conventional polymer materials used in packaging
3.6.1 Polyolefins: Polypropylene and polyethylene
3.6.2 PET and other polyester polymers
3.6.3 Renewable and bio-based polymers for packaging
3.7 Comparison of synthetic fossil-based and bio-based polymers
3.8 End-of-life treatment of bioplastics
4 THE GLOBAL BIOPLASTICS MARKET
4.1 Bio-based or renewable plastics
4.1.1 Drop-in bio-based plastics
4.1.2 Novel bio-based plastics
4.2 Biodegradable and compostable plastics
4.2.1 Biodegradability
4.2.2 Compostability
4.3 Advantages and disadvantages
4.4 Types of Bio-based and/or Biodegradable Plastics
5 THE GLOBAL BIO-PET MARKET
5.1 Market overview
5.1.1 Currently available bio-PET
5.1.2 100% bio-PET
5.2 Comparative analysis
5.3 Supply landscape and trends
5.4 Market supply chain
5.5 SWOT analysis
5.6 Market drivers
5.7 Market challenges
5.8 Regulations
5.9 Producers and production capacities
5.9.1 Bio-PET production capacities, by country
5.10 Demand for bio-PET 2019-2034 (1,000 tons)
5.10.1 Demand by market
5.10.2 Demand by region
5.10.2.1 North America
5.10.2.2 Europe
5.10.2.3 Asia-Pacific
5.10.2.4 Rest of the world
5.11 PET biorecycling
5.12 Pricing
5.13 Markets for Bio-PET
5.13.1 Packaging
5.13.1.1 Flexible packaging
5.13.1.2 Rigid packaging
5.13.2 Consumer goods
5.13.3 Automotive
5.13.4 Textiles
5.13.5 Electronics
6 COMPANY PROFILES 78 (27 COMPANY PROFILES)
7 REFERENCES
LIST OF TABLES
Table 1. Market trends and drivers in biobased and biodegradable plastics (bioplastics).
Table 2. Global production capacities of biobased and biodegradable plastics 2018-2034, in 1,000 tons.
Table 3. Global production capacities for biobased and biodegradable plastics (bioplastics), by producers.
Table 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by type, in 1,000 tons.
Table 5. Issues related to the use of plastics.
Table 6. Types of biobased and biodegradable plastics (bioplastics).
Table 7. Comparison of synthetic fossil-based and bio-based polymers.
Table 8. Biodegradability of bioplastics in different environments.
Table 9. Type of biodegradation.
Table 10. Advantages and disadvantages of biobased plastics compared to conventional plastics.
Table 11. Types of Bio-based and/or Biodegradable Plastics, applications.
Table 12. Bio-based Polyethylene terephthalate (bio-PET) market analysis- manufacture, advantages, disadvantages and applications.
Table 13. Commercially available bio-based PET plastics.
Table 14. Comparative analysis with PET.
Table 15. Comparative analysis with other bio-based plastics.
Table 16. Market supply chain for bio-PET.
Table 17. Market drivers for bio-PET.
Table 18. Market challenges for bio-PET.
Table 19. Key regulations related to bio-based PET (polyethylene terephthalate) plastic.
Table 20. Bio-based Polyethylene terephthalate (bio-PET) producers and production capacities.
Table 21. Global Bio-PET demand 2019-2034, by market (1,000 tons).
Table 22. Biobased and sustainable plastics producers in Europe.
Table 23. Processes for bioplastics in packaging.
Table 24. Comparison of bioplastics’ (PLA and PHAs) properties to other common polymers used in product packaging.
Table 25. Typical applications for bioplastics in flexible packaging.
Table 26. Typical applications for bioplastics in rigid packaging.
Table 1. Market trends and drivers in biobased and biodegradable plastics (bioplastics).
Table 2. Global production capacities of biobased and biodegradable plastics 2018-2034, in 1,000 tons.
Table 3. Global production capacities for biobased and biodegradable plastics (bioplastics), by producers.
Table 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by type, in 1,000 tons.
Table 5. Issues related to the use of plastics.
Table 6. Types of biobased and biodegradable plastics (bioplastics).
Table 7. Comparison of synthetic fossil-based and bio-based polymers.
Table 8. Biodegradability of bioplastics in different environments.
Table 9. Type of biodegradation.
Table 10. Advantages and disadvantages of biobased plastics compared to conventional plastics.
Table 11. Types of Bio-based and/or Biodegradable Plastics, applications.
Table 12. Bio-based Polyethylene terephthalate (bio-PET) market analysis- manufacture, advantages, disadvantages and applications.
Table 13. Commercially available bio-based PET plastics.
Table 14. Comparative analysis with PET.
Table 15. Comparative analysis with other bio-based plastics.
Table 16. Market supply chain for bio-PET.
Table 17. Market drivers for bio-PET.
Table 18. Market challenges for bio-PET.
Table 19. Key regulations related to bio-based PET (polyethylene terephthalate) plastic.
Table 20. Bio-based Polyethylene terephthalate (bio-PET) producers and production capacities.
Table 21. Global Bio-PET demand 2019-2034, by market (1,000 tons).
Table 22. Biobased and sustainable plastics producers in Europe.
Table 23. Processes for bioplastics in packaging.
Table 24. Comparison of bioplastics’ (PLA and PHAs) properties to other common polymers used in product packaging.
Table 25. Typical applications for bioplastics in flexible packaging.
Table 26. Typical applications for bioplastics in rigid packaging.
LIST OF FIGURES
Figure 1. Total global production capacities for biobased and biodegradable plastics, all types, 000 tons.
Figure 2. Global production capacities of biobased and biodegradable plastics (bioplastics) 2018-2034, in 1,000 tons by biodegradable/non-biodegradable types.
Figure 3. Global production capacities of biobased and biodegradable plastics (bioplastics) in 2019-2034, by type, in 1,000 tons.
Figure 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by region, in 1,000 tons.
Figure 5. Current and future applications of biobased and biodegradable plastics (bioplastics).
Figure 6. Global demand for biobased and biodegradable plastics (bioplastics) by end user market, 2022.
Figure 7. Global production capacities for biobased and biodegradable plastics (bioplastics) by end user market 2019-2034, 1,000 tons.
Figure 8. Challenges for the biobased and biodegradable plastics (bioplastics) market.
Figure 9. Global plastics production 1950-2020, millions of tons.
Figure 10. The circular plastic economy.
Figure 11. Routes for synthesizing polymers from fossil-based and bio-based resources.
Figure 12. Coca-Cola PlantBottle®.
Figure 13. Interrelationship between conventional, bio-based and biodegradable plastics.
Figure 14. Bioplastics regional production capacities, 1,000 tons, 2019-2034.
Figure 15. SWOT analysis: bio-PET market.
Figure 16. Bio-based Polyethylene terephthalate (Bio-PET) production capacities, 1,000 tons, 2019-2034
Figure 17. Global Bio-PET demand 2019-2034 (1,000 tons).
Figure 18. Global Bio-PET demand 2019-2034, by market (1,000 tons).
Figure 19. Global Bio-PET demand 2019-2034, by region (1,000 tons).
Figure 20. Bio-PET demand 2019-2034, in North America (1,000 tons).
Figure 21. Bio-PET demand 2019-2034, in Europe (1,000 tons).
Figure 22. Bio-PET demand 2019-2034, in Asia-Pacific (1,000 tons).
Figure 23. Bio-PET demand 2019-2034, in Rest of the World (1,000 tons).
Figure 24. GoodLeaf bio-PET packaging.
Figure 25. Global Bio-PET demand 2019-2034, in packaging (1,000 tons).
Figure 26. Global Bio-PET demand 2019-2034, in consumer goods (1,000 tons).
Figure 27. Global Bio-PET demand 2019-2034, in automotive (1,000 tons).
Figure 28. Global Bio-PET demand 2019-2034, in textiles (1,000 tons).
Figure 29. Global Bio-PET demand 2019-2034, in electronics (1,000 tons).
Figure 30. CuanSave film.
Figure 31. Teijin bioplastic film for door handles.
Figure 1. Total global production capacities for biobased and biodegradable plastics, all types, 000 tons.
Figure 2. Global production capacities of biobased and biodegradable plastics (bioplastics) 2018-2034, in 1,000 tons by biodegradable/non-biodegradable types.
Figure 3. Global production capacities of biobased and biodegradable plastics (bioplastics) in 2019-2034, by type, in 1,000 tons.
Figure 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by region, in 1,000 tons.
Figure 5. Current and future applications of biobased and biodegradable plastics (bioplastics).
Figure 6. Global demand for biobased and biodegradable plastics (bioplastics) by end user market, 2022.
Figure 7. Global production capacities for biobased and biodegradable plastics (bioplastics) by end user market 2019-2034, 1,000 tons.
Figure 8. Challenges for the biobased and biodegradable plastics (bioplastics) market.
Figure 9. Global plastics production 1950-2020, millions of tons.
Figure 10. The circular plastic economy.
Figure 11. Routes for synthesizing polymers from fossil-based and bio-based resources.
Figure 12. Coca-Cola PlantBottle®.
Figure 13. Interrelationship between conventional, bio-based and biodegradable plastics.
Figure 14. Bioplastics regional production capacities, 1,000 tons, 2019-2034.
Figure 15. SWOT analysis: bio-PET market.
Figure 16. Bio-based Polyethylene terephthalate (Bio-PET) production capacities, 1,000 tons, 2019-2034
Figure 17. Global Bio-PET demand 2019-2034 (1,000 tons).
Figure 18. Global Bio-PET demand 2019-2034, by market (1,000 tons).
Figure 19. Global Bio-PET demand 2019-2034, by region (1,000 tons).
Figure 20. Bio-PET demand 2019-2034, in North America (1,000 tons).
Figure 21. Bio-PET demand 2019-2034, in Europe (1,000 tons).
Figure 22. Bio-PET demand 2019-2034, in Asia-Pacific (1,000 tons).
Figure 23. Bio-PET demand 2019-2034, in Rest of the World (1,000 tons).
Figure 24. GoodLeaf bio-PET packaging.
Figure 25. Global Bio-PET demand 2019-2034, in packaging (1,000 tons).
Figure 26. Global Bio-PET demand 2019-2034, in consumer goods (1,000 tons).
Figure 27. Global Bio-PET demand 2019-2034, in automotive (1,000 tons).
Figure 28. Global Bio-PET demand 2019-2034, in textiles (1,000 tons).
Figure 29. Global Bio-PET demand 2019-2034, in electronics (1,000 tons).
Figure 30. CuanSave film.
Figure 31. Teijin bioplastic film for door handles.
