Global Bio-PET Market

Dec 2023| AVM242A| BCC Publishing
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Report Highlights

The global market for bio-PET is expected to grow from $182.1 million in 2023 to $326.6 million by 2028, at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2028.

Report Includes

  • 69 data tables and 19 additional tables
  • An overview of the global bio-PET market
  • In-depth analysis of market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024 and 2028. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
  • Evaluations of the current market size and revenue growth prospects for the bio-PET market, accompanied by an analysis of market share by application and geographic region
  • Analyses of the market’s dynamics, including growth drivers, inhibitors and opportunities, and insights into the regulatory environment
  • A comparative assessment of conventional PET vs. bio-PET; and discussions of recent developments in rigid food packaging, production technology for bio-PET production, technological advances in packaging, and nanotechnology in the food and beverage packaging industry
  • Information on the Coca-Cola Co.’s initiative in commercializing PET beverage bottles and the major steps taken towards the use of renewable plant materials
  • An examination of ESG developments, relevant patents; M&A, venture funding and emerging technologies in the bio-PET market
  • Profiles of leading market participants

Report Scope

This report analyzes the global bio-PET market based on segmentation of application. These segmentations are further analyzed at the global and regional levels.

The base year considered for analysis is 2022, and the market estimates and forecasts are given from 2023 to 2028. The market estimates are provided in terms of volume (kilotons) and revenue (U.S. dollars, thousand).

The scope for the bio-PET market is segmented based on application into:

  • Packaging.
    • Bottle.
    • Pouch and bag.
    • Other packaging.
  • Consumer goods.
  • Automotive.
  • Others.

Frequently Asked Questions (FAQs)

The bio-based PET market is projected to grow from $158.6 million in 2022 to $326.6 million in 2028 at a compound annual growth rate (CAGR) of 12.4% during the forecast period.
The key factors driving the growth of the bio-PET market include:
  • Growing environmental concerns along with sustainability goals.
  • Increasing demand for biopolymers.
The bio-PET market is segmented based on application, region, and county.
The packaging segment will dominate the market by the end of 2028.
Asia-Pacific holds the highest share in the market by value.
Key companies in the market include Far Eastern New Century Corp., FKuR, Toray Industries Inc., Teijin Ltd., Plastipak Holding Inc., and Others.

Analyst Credentials

Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $158.6 million
Market size forecast $326.6 million
Growth rate CAGR of 12.4% from 2023 to 2028
Units considered $ Thousands (Revenue) and Kilotons (Volume)
Segments covered By Application and Region
Regions covered North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA)
Countries covered United States, Canada, Mexico, Brazil, Germany, France, The UK, Italy, Spain, Russia, China, Japan, India, Southeast Asia, South Africa, and GCC Countries
Key Market Drivers
  • Growing Environmental Concerns along with Sustainability Goals
  • Increasing Demand for Bioplastic
Companies studied
  • FKUR

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at
Title/Chapter NamePagesMember Price
Full Report: Global Bio-PET Market123Free
Chapter- 1: Introduction4Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview3Free
Chapter- 4: Market Dynamics10Free
Chapter- 5: Emerging Technologies3Free
Chapter- 6: Market Breakdown by Application11Free
Chapter- 7: Market Breakdown by Region53Free
Chapter- 8: Sustainability in the Bio-PET Industry: An ESG Perspective9Free
Chapter- 9: Mergers and Acquisitions2Free
Chapter- 10: Competitive Landscape2Free
Chapter- 11: Company Profiles22Free
Chapter- 12: Appendix: Acronyms1Free
Global Bio-PET Market

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