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Bio based PET-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Bio based PET market size is expected to reach US$ 2640.4 million by 2029, growing at a CAGR of 3.4% from 2023 to 2029. The market is mainly driven by the significant applications of Bio based PET in various end use industries. The expanding demands from the Packaging Industry, Automotive Industry, Electronics Industry and Textile Industry, are propelling Bio based PET market. Bottles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Bags segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio based PET, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio based PET market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio based PET market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio based PET sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio based PET covered in this report include H.J. Heinz, Ford Motor, Coca-Cola, Toyota Tsusho, Toray Industries, M& G Chemicals, Braskem, Novamont and Avantium Technologies, etc.
The global Bio based PET market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
H.J. Heinz
Ford Motor
Coca-Cola
Toyota Tsusho
Toray Industries
M& G Chemicals
Braskem
Novamont
Avantium Technologies
Global Bio based PET market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio based PET market, Segment by Type:
Bottles
Bags
3D Printing
Cosmetic Containers
Global Bio based PET market, by Application
Packaging Industry
Automotive Industry
Electronics Industry
Textile Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio based PET manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio based PET in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Bio based PET market size is expected to reach US$ 2640.4 million by 2029, growing at a CAGR of 3.4% from 2023 to 2029. The market is mainly driven by the significant applications of Bio based PET in various end use industries. The expanding demands from the Packaging Industry, Automotive Industry, Electronics Industry and Textile Industry, are propelling Bio based PET market. Bottles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Bags segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio based PET, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio based PET market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio based PET market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio based PET sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio based PET covered in this report include H.J. Heinz, Ford Motor, Coca-Cola, Toyota Tsusho, Toray Industries, M& G Chemicals, Braskem, Novamont and Avantium Technologies, etc.
The global Bio based PET market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
H.J. Heinz
Ford Motor
Coca-Cola
Toyota Tsusho
Toray Industries
M& G Chemicals
Braskem
Novamont
Avantium Technologies
Global Bio based PET market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio based PET market, Segment by Type:
Bottles
Bags
3D Printing
Cosmetic Containers
Global Bio based PET market, by Application
Packaging Industry
Automotive Industry
Electronics Industry
Textile Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio based PET manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio based PET in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bio based PET Market Overview
1.1 Bio based PET Product Overview
1.2 Bio based PET Market Segment by Type
1.2.1 Bottles
1.2.2 Bags
1.2.3 3D Printing
1.2.4 Cosmetic Containers
1.3 Global Bio based PET Market Size by Type
1.3.1 Global Bio based PET Market Size Overview by Type (2018-2029)
1.3.2 Global Bio based PET Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio based PET Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio based PET Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio based PET Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio based PET Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio based PET Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio based PET Sales Breakdown by Type (2018-2023)
2 Global Bio based PET Market Competition by Company
2.1 Global Top Players by Bio based PET Sales (2018-2023)
2.2 Global Top Players by Bio based PET Revenue (2018-2023)
2.3 Global Top Players by Bio based PET Price (2018-2023)
2.4 Global Top Manufacturers Bio based PET Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio based PET Market Competitive Situation and Trends
2.5.1 Bio based PET Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio based PET Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bio based PET as of 2022)
2.7 Date of Key Manufacturers Enter into Bio based PET Market
2.8 Key Manufacturers Bio based PET Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio based PET Status and Outlook by Region
3.1 Global Bio based PET Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio based PET Historic Market Size by Region
3.2.1 Global Bio based PET Sales in Volume by Region (2018-2023)
3.2.2 Global Bio based PET Sales in Value by Region (2018-2023)
3.2.3 Global Bio based PET Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio based PET Forecasted Market Size by Region
3.3.1 Global Bio based PET Sales in Volume by Region (2024-2029)
3.3.2 Global Bio based PET Sales in Value by Region (2024-2029)
3.3.3 Global Bio based PET Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio based PET by Application
4.1 Bio based PET Market Segment by Application
4.1.1 Packaging Industry
4.1.2 Automotive Industry
4.1.3 Electronics Industry
4.1.4 Textile Industry
4.2 Global Bio based PET Market Size by Application
4.2.1 Global Bio based PET Market Size Overview by Application (2018-2029)
4.2.2 Global Bio based PET Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio based PET Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio based PET Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio based PET Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio based PET Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio based PET Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio based PET Sales Breakdown by Application (2018-2023)
5 North America Bio based PET by Country
5.1 North America Bio based PET Historic Market Size by Country
5.1.1 North America Bio based PET Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio based PET Sales in Volume by Country (2018-2023)
5.1.3 North America Bio based PET Sales in Value by Country (2018-2023)
5.2 North America Bio based PET Forecasted Market Size by Country
5.2.1 North America Bio based PET Sales in Volume by Country (2024-2029)
5.2.2 North America Bio based PET Sales in Value by Country (2024-2029)
6 Europe Bio based PET by Country
6.1 Europe Bio based PET Historic Market Size by Country
6.1.1 Europe Bio based PET Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio based PET Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio based PET Sales in Value by Country (2018-2023)
6.2 Europe Bio based PET Forecasted Market Size by Country
6.2.1 Europe Bio based PET Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio based PET Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio based PET by Region
7.1 Asia-Pacific Bio based PET Historic Market Size by Region
7.1.1 Asia-Pacific Bio based PET Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio based PET Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio based PET Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio based PET Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio based PET Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio based PET Sales in Value by Region (2024-2029)
8 Latin America Bio based PET by Country
8.1 Latin America Bio based PET Historic Market Size by Country
8.1.1 Latin America Bio based PET Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio based PET Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio based PET Sales in Value by Country (2018-2023)
8.2 Latin America Bio based PET Forecasted Market Size by Country
8.2.1 Latin America Bio based PET Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio based PET Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio based PET by Country
9.1 Middle East and Africa Bio based PET Historic Market Size by Country
9.1.1 Middle East and Africa Bio based PET Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio based PET Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio based PET Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio based PET Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio based PET Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio based PET Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 H.J. Heinz
10.1.1 H.J. Heinz Company Information
10.1.2 H.J. Heinz Introduction and Business Overview
10.1.3 H.J. Heinz Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.1.4 H.J. Heinz Bio based PET Products Offered
10.1.5 H.J. Heinz Recent Development
10.2 Ford Motor
10.2.1 Ford Motor Company Information
10.2.2 Ford Motor Introduction and Business Overview
10.2.3 Ford Motor Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Ford Motor Bio based PET Products Offered
10.2.5 Ford Motor Recent Development
10.3 Coca-Cola
10.3.1 Coca-Cola Company Information
10.3.2 Coca-Cola Introduction and Business Overview
10.3.3 Coca-Cola Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Coca-Cola Bio based PET Products Offered
10.3.5 Coca-Cola Recent Development
10.4 Toyota Tsusho
10.4.1 Toyota Tsusho Company Information
10.4.2 Toyota Tsusho Introduction and Business Overview
10.4.3 Toyota Tsusho Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Toyota Tsusho Bio based PET Products Offered
10.4.5 Toyota Tsusho Recent Development
10.5 Toray Industries
10.5.1 Toray Industries Company Information
10.5.2 Toray Industries Introduction and Business Overview
10.5.3 Toray Industries Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Toray Industries Bio based PET Products Offered
10.5.5 Toray Industries Recent Development
10.6 M& G Chemicals
10.6.1 M& G Chemicals Company Information
10.6.2 M& G Chemicals Introduction and Business Overview
10.6.3 M& G Chemicals Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.6.4 M& G Chemicals Bio based PET Products Offered
10.6.5 M& G Chemicals Recent Development
10.7 Braskem
10.7.1 Braskem Company Information
10.7.2 Braskem Introduction and Business Overview
10.7.3 Braskem Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Braskem Bio based PET Products Offered
10.7.5 Braskem Recent Development
10.8 Novamont
10.8.1 Novamont Company Information
10.8.2 Novamont Introduction and Business Overview
10.8.3 Novamont Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Novamont Bio based PET Products Offered
10.8.5 Novamont Recent Development
10.9 Avantium Technologies
10.9.1 Avantium Technologies Company Information
10.9.2 Avantium Technologies Introduction and Business Overview
10.9.3 Avantium Technologies Bio based PET Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Avantium Technologies Bio based PET Products Offered
10.9.5 Avantium Technologies Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio based PET Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bio based PET Industrial Chain Analysis
11.4 Bio based PET Market Dynamics
11.4.1 Bio based PET Industry Trends
11.4.2 Bio based PET Market Drivers
11.4.3 Bio based PET Market Challenges
11.4.4 Bio based PET Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio based PET Distributors
12.3 Bio based PET Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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