Bio-based PET Market Size, Share, and Outlook, 2025 Report- By Type (Dimethyl Terephthalate Process, Terephthalic Acid Process), By Application (Bottles, Packaging, Consumer Durables, Furniture, Films, Others), 2018-2032

Bio-based PET Market Outlook

Bio-based PET Market Size is forecast to reach $5.2 Billion in 2032 from $3.1 Billion in 2025, at an optimistic growth rate of 7.7% from 2025 to 2032. The robust Bio-based PET Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Bio-based PET Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Dimethyl Terephthalate Process, Terephthalic Acid Process), By Application (Bottles, Packaging, Consumer Durables, Furniture, Films, Others). Over 70 tables and charts showcase findings from our latest survey report on Bio-based PET Markets.

Bio-based PET Market Insights, 2025: Bio-based PET Market: Key Drivers and Opportunities

The bio-based PET (Polyethylene Terephthalate) market is driven by the growing emphasis on sustainability and carbon footprint reduction across industries. Bio-based PET, made partially from renewable sources such as plant-based materials like sugarcane or corn, is gaining traction due to its potential to reduce the environmental impact associated with conventional petroleum-based PET. This shift is largely fueled by consumer demand for eco-friendly and sustainable products, particularly in industries like fashion, automotive, and packaging, where PET is widely used. The market is also supported by increasing investments in bio-based polymer production technologies and government incentives for the development of green materials. Opportunities in this market lie in scaling up the production of bio-based PET to make it more affordable and accessible, along with expanding its applications beyond bottles to other packaging formats. Additionally, as recycling rates improve, bio-based PET offers opportunities for creating a closed-loop system, further reducing waste. The integration of bio-based PET into consumer products and its growing acceptance in mainstream industries present considerable opportunities for manufacturers in the next few years.

Five Trends that will define global Bio-based PET Market in 2025 and Beyond

A closer look at the multi-million global market for Bio-based PET Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Bio-based PET Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Bio-based PET Industry?

The Bio-based PET Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Bio-based PET Market Segment Insights

The Bio-based PET Industry presents strong offers across categories. The analytical report offers forecasts of Bio-based PET Industry performance across segments and countries. Key segments in the industry include- By Type (Dimethyl Terephthalate Process, Terephthalic Acid Process), By Application (Bottles, Packaging, Consumer Durables, Furniture, Films, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Bio-based PET Market size outlook is provided for 22 countries across these regions.

Bio-based PET Industry Value Chain

The chapter identifies potential companies and their operations across the global Bio-based PET Industry ecosystem. It assists decision-makers in evaluating global Bio-based PET Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Bio-based PET Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Bio-based PET Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Bio-based PET Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Bio-based PET Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Bio-based PET Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Bio-based PET Market Insights- Executives are most excited about opportunities for the US Bio-based PET Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Bio-based PET Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Bio-based PET Market.

Latin American Bio-based PET Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Bio-based PET Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Bio-based PET Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Bio-based PET Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Bio-based PET Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Far Eastern New Century Corp, Ford Motors, Gevo Inc, Indorama Ventures, Plastipak Holdings Inc, TEIJIN, The Coca-Cola Company, Toray Industries Inc, Toyota Tsusho Corp.

Bio-based PET Market Scope and Segmentation

By Type

Dimethyl Terephthalate Process

Terephthalic Acid Process

By Application

Bottles

Packaging

Consumer Durables

Furniture

Films

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Bio-based PET Market Research-

Far Eastern New Century Corp

Ford Motors

Gevo Inc

Indorama Ventures

Plastipak Holdings Inc

TEIJIN

The Coca-Cola Company

Toray Industries Inc

Toyota Tsusho Corp

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.