Bio-Based PET Market - Forecasts from 2025 to 2030

The Bio-Based PET Market, valued at US$1,950.766 million in 2030 from US$986.060 million in 2025, is projected to grow at a CAGR of 14.62% through 2030.

The bio-based PET market is expanding due to increased environmental awareness, government regulations, and potential future regulations, promoting sustainable alternatives and eco-friendly practices. Further, the beverage industry worldwide expansion created a demand for Bio Based PET. Moreover, the bio-based PET is increasing owing to environmental concerns in consumer choice. Consumers are seeking alternatives to conventional plastics, creating a favorable environment for bio-based PET from renewable resources. In addition, the ongoing trials and development seek to improve the production efficiency and economics of the bio-based PET worldwide.

Market Trends:

• Beverage Industry Driving Demand: The expanding beverage industry is a key driver for the adoption of bio-based PET. Leading beverage companies are increasingly using bio-based PET for bottles and containers to meet consumer demand for eco-friendly products. For instance, in January 2024, Coca-Cola achieved a milestone with its first-ever beverage bottle made entirely from plant-based plastic (excluding the cap and label). This innovation, ready for commercial scaling, builds on the company's earlier PlantBottle, the world's first recyclable PET bottle containing up to 30% plant-based material. A limited run of 900 prototype bottles has already been produced.
• Rising Demand for Sustainable Packaging: Plastic bottles remain widely used across industries like food and beverage, pharmaceuticals, and automotive. As companies seek sustainable packaging solutions to reduce environmental impact and meet consumer expectations, bio-based PET is gaining market share, driving its growth in the coming years.
• Growing Consumer Awareness: Increasing consumer awareness of environmental issues is boosting demand for bio-based PET. Concerns over greenhouse gas emissions and plastic waste are driving the shift toward sustainable alternatives like bio-based PET, which relies on renewable resources instead of traditional petroleum-based materials.
• Asia-Pacific's Market Dominance: The Asia-Pacific region, led by major economies such as China, Japan, India, and South Korea, along with rapidly growing ASEAN countries, plays a significant role in the bio-based PET market.
• North America's Growth: The U.S. bio-based PET market is experiencing substantial growth due to rising environmental awareness. The demand for sustainable packaging solutions, coupled with increasing pressure to address plastic waste and greenhouse gas emissions, is fueling the adoption of bio-based PET in the region.

Some of the major players covered in this report include TORAY INDUSTRIES, INC., Anellotech, Inc., The Coca-Cola Company, SCG Chemicals Co., Ltd., FKuR Kunststoff GmbH, Iwatani Corporation, Neste, Plastipak Holdings, Inc., Suntory Holdings Limited, and Indorama Ventures Public Company Limited., among others:

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Bio-Based PET Market is analyzed into the following segments:

By Application

• Bottles
• Foam
• Synthetic fibers
• Others

By End-User

• Automotive
• Packaging
• Personal Care
• Electronics
• Others

By Region

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others