Published August 2023 | 106 pages, 26 tables, 31 figures | Download table of contents
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:
- 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.
The Global Market for Bio-PET 2024-2034
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1 EXECUTIVE SUMMARY 9
- 1.1 Market drivers and trends in bioplastics and biopolymers 10
- 1.2 Global production to 2034 12
- 1.3 Main producers and global production capacities 14
- 1.3.1 Producers 14
- 1.3.2 By biobased and biodegradable plastics type 15
- 1.3.3 By region 18
- 1.4 Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market 19
- 1.5 Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market 22
- 1.6 The Global bio-PET market 23
2 RESEARCH METHODOLOGY 24
3 THE GLOBAL PLASTICS MARKET 25
- 3.1 Global production of plastics 25
- 3.2 The importance of plastic 25
- 3.3 Issues with plastics use 26
- 3.4 Policy and regulations 26
- 3.5 The circular economy 27
- 3.6 Conventional polymer materials used in packaging 29
- 3.6.1 Polyolefins: Polypropylene and polyethylene 30
- 3.6.2 PET and other polyester polymers 32
- 3.6.3 Renewable and bio-based polymers for packaging 32
- 3.7 Comparison of synthetic fossil-based and bio-based polymers 34
- 3.8 End-of-life treatment of bioplastics 34
4 THE GLOBAL BIOPLASTICS MARKET 37
- 4.1 Bio-based or renewable plastics 37
- 4.1.1 Drop-in bio-based plastics 37
- 4.1.2 Novel bio-based plastics 38
- 4.2 Biodegradable and compostable plastics 39
- 4.2.1 Biodegradability 39
- 4.2.2 Compostability 40
- 4.3 Advantages and disadvantages 41
- 4.4 Types of Bio-based and/or Biodegradable Plastics 41
5 THE GLOBAL BIO-PET MARKET 45
- 5.1 Market overview 46
- 5.1.1 Currently available bio-PET 46
- 5.1.2 100% bio-PET 47
- 5.2 Comparative analysis 47
- 5.3 Supply landscape and trends 49
- 5.4 Market supply chain 50
- 5.5 SWOT analysis 51
- 5.6 Market drivers 52
- 5.7 Market challenges 53
- 5.8 Regulations 53
- 5.9 Producers and production capacities 54
- 5.9.1 Bio-PET production capacities, by country 55
- 5.10 Demand for bio-PET 2019-2034 (1,000 tons) 56
- 5.10.1 Demand by market 57
- 5.10.2 Demand by region 59
- 5.10.2.1 North America 60
- 5.10.2.2 Europe 61
- 5.10.2.3 Asia-Pacific 62
- 5.10.2.4 Rest of the world 64
- 5.11 PET biorecycling 65
- 5.12 Pricing 66
- 5.13 Markets for Bio-PET 67
- 5.13.1 Packaging 67
- 5.13.1.1 Flexible packaging 68
- 5.13.1.2 Rigid packaging 70
- 5.13.2 Consumer goods 73
- 5.13.3 Automotive 74
- 5.13.4 Textiles 75
- 5.13.5 Electronics 77
- 5.13.1 Packaging 67
6 COMPANY PROFILES 78 (27 company profiles)
7 REFERENCES 102
List of Tables
- Table 1. Market trends and drivers in biobased and biodegradable plastics (bioplastics). 10
- Table 2. Global production capacities of biobased and biodegradable plastics 2018-2034, in 1,000 tons. 12
- Table 3. Global production capacities for biobased and biodegradable plastics (bioplastics), by producers. 14
- Table 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by type, in 1,000 tons. 15
- Table 5. Issues related to the use of plastics. 26
- Table 6. Types of biobased and biodegradable plastics (bioplastics). 29
- Table 7. Comparison of synthetic fossil-based and bio-based polymers. 34
- Table 8. Biodegradability of bioplastics in different environments. 35
- Table 9. Type of biodegradation. 40
- Table 10. Advantages and disadvantages of biobased plastics compared to conventional plastics. 41
- Table 11. Types of Bio-based and/or Biodegradable Plastics, applications. 41
- Table 12. Bio-based Polyethylene terephthalate (bio-PET) market analysis- manufacture, advantages, disadvantages and applications. 45
- Table 13. Commercially available bio-based PET plastics. 46
- Table 14. Comparative analysis with PET. 47
- Table 15. Comparative analysis with other bio-based plastics. 48
- Table 16. Market supply chain for bio-PET. 50
- Table 17. Market drivers for bio-PET. 52
- Table 18. Market challenges for bio-PET. 53
- Table 19. Key regulations related to bio-based PET (polyethylene terephthalate) plastic. 53
- Table 20. Bio-based Polyethylene terephthalate (bio-PET) producers and production capacities. 54
- Table 21. Global Bio-PET demand 2019-2034, by market (1,000 tons). 57
- Table 22. Biobased and sustainable plastics producers in Europe. 61
- Table 23. Processes for bioplastics in packaging. 67
- Table 24. Comparison of bioplastics’ (PLA and PHAs) properties to other common polymers used in product packaging. 68
- Table 25. Typical applications for bioplastics in flexible packaging. 69
- Table 26. Typical applications for bioplastics in rigid packaging. 71
List of Figures
- Figure 1. Total global production capacities for biobased and biodegradable plastics, all types, 000 tons. 10
- Figure 2. Global production capacities of biobased and biodegradable plastics (bioplastics) 2018-2034, in 1,000 tons by biodegradable/non-biodegradable types. 13
- Figure 3. Global production capacities of biobased and biodegradable plastics (bioplastics) in 2019-2034, by type, in 1,000 tons. 17
- Figure 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by region, in 1,000 tons. 18
- Figure 5. Current and future applications of biobased and biodegradable plastics (bioplastics). 19
- Figure 6. Global demand for biobased and biodegradable plastics (bioplastics) by end user market, 2022. 20
- Figure 7. Global production capacities for biobased and biodegradable plastics (bioplastics) by end user market 2019-2034, 1,000 tons. 21
- Figure 8. Challenges for the biobased and biodegradable plastics (bioplastics) market. 22
- Figure 9. Global plastics production 1950-2020, millions of tons. 25
- Figure 10. The circular plastic economy. 28
- Figure 11. Routes for synthesizing polymers from fossil-based and bio-based resources. 33
- Figure 12. Coca-Cola PlantBottle®. 38
- Figure 13. Interrelationship between conventional, bio-based and biodegradable plastics. 39
- Figure 14. Bioplastics regional production capacities, 1,000 tons, 2019-2034. 44
- Figure 15. SWOT analysis: bio-PET market. 51
- Figure 16. Bio-based Polyethylene terephthalate (Bio-PET) production capacities, 1,000 tons, 2019-2034 55
- Figure 17. Global Bio-PET demand 2019-2034 (1,000 tons). 56
- Figure 18. Global Bio-PET demand 2019-2034, by market (1,000 tons). 58
- Figure 19. Global Bio-PET demand 2019-2034, by region (1,000 tons). 59
- Figure 20. Bio-PET demand 2019-2034, in North America (1,000 tons). 60
- Figure 21. Bio-PET demand 2019-2034, in Europe (1,000 tons). 62
- Figure 22. Bio-PET demand 2019-2034, in Asia-Pacific (1,000 tons). 64
- Figure 23. Bio-PET demand 2019-2034, in Rest of the World (1,000 tons). 65
- Figure 24. GoodLeaf bio-PET packaging. 71
- Figure 25. Global Bio-PET demand 2019-2034, in packaging (1,000 tons). 72
- Figure 26. Global Bio-PET demand 2019-2034, in consumer goods (1,000 tons). 73
- Figure 27. Global Bio-PET demand 2019-2034, in automotive (1,000 tons). 75
- Figure 28. Global Bio-PET demand 2019-2034, in textiles (1,000 tons). 76
- Figure 29. Global Bio-PET demand 2019-2034, in electronics (1,000 tons). 77
- Figure 30. CuanSave film. 85
- Figure 31. Teijin bioplastic film for door handles. 98
The Global Market for Bio-PET 2024-2034
PDF download. The Global Market for Bio-PET 2024-2034
PDF download and print edition (including tracked delivery). Payment methods: Visa, Mastercard, American Express, Paypal, Bank Transfer.
To purchase by invoice (bank transfer) contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.
