Global Bio based PET Market Growth 2023-2029

Global Bio based PET Market Growth 2023-2029

Bio-based PET is basically composed of monoethylene glycol (MEG) and terephthalic acid (PTA) and is biodegradable. It is widely used in the production of a variety of packaging solutions, mainly used in the food and beverage industry and the automotive industry. It also has numerous applications in making bottles, packaged goods, car interiors and building materials. The emergence of biodegradable bioplastics in manufacturing and packaging solutions has provided a strong impetus for the development of the bio-based PET market. An increasing number of eco-friendly products tend to use bio-friendly products among consumers around the world, as well as strict environmental regulations that promote the use of environmentally friendly products in all industries, leading to a strong demand for Bio-based PET materials.

LPI (LP Information)' newest research report, the “Bio based PET Industry Forecast” looks at past sales and reviews total world Bio based PET sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio based PET sales for 2023 through 2029. With Bio based PET sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio based PET industry.

This Insight Report provides a comprehensive analysis of the global Bio based PET landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio based PET portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio based PET market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio based PET and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio based PET.

The global Bio based PET market size is projected to grow from US$ 2034 million in 2022 to US$ 2592.5 million in 2029; it is expected to grow at a CAGR of 2592.5 from 2023 to 2029.

For the production and consumption of Bio-based PET, the global consumption distribution is mainly focused in the areas of Asia-Pacific, which is expected to take up about 41.42% of the market share in 2018. The top three companies in the industry are Toray Industries, Plastipak Holdings, and Teijin, which account for nearly 30% of the market share. The industry is a monopolistic competitive market. Bio-based PET is used in Packaging Industry, Automotive Industry, Electronics Industry, Textile Industry, etc. In 2018, Packaging Industry accounted for a major share of 67.67% the global Bio-based PET market, the revenue of this segment is 578.03 million USD in 2018.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio based PET market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Bottles
Bags
3D Printing
Cosmetic Containers

Segmentation by application
Packaging Industry
Automotive Industry
Electronics Industry
Textile Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
H.J. Heinz
Ford Motor
Coca-Cola
Toyota Tsusho
Toray Industries
M& G Chemicals
Braskem
Novamont
Avantium Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio based PET market?

What factors are driving Bio based PET market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio based PET market opportunities vary by end market size?

How does Bio based PET break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.