Bio-Based PET Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Bottles, Foam, Synthetic fibers, Others), By End-User (Automotive, Packaging, Personal Care, Electronics, Others) And By Geography - Forecasts From 2019 to 2024

The global bio-based PET market is projected to witness a CAGR of 15.39% to grow to US$7,932.062 million in 2024 from US$3,359.899 million in 2018.

Bio-based PET (Polyethylene Terephthalate) is a plastic-based material that is made up of 30% renewable raw material and 70% oil-based raw material. Constant Innovation in PET has led to the development of bio-PET which is made from renewable resources.

Bio-PET is thermoplastic polyester produced from plant-based Bio-MEG (mono-ethylene glycol). Fluctuating oil prices are driving the bio-based PET market growth. The increasing propensity towards a low-carbon and oil-independent society is fueling the demand for bio-based PET in various markets. They are increasingly being used to produce plastic bottles for several applications in sectors such as food and beverage, pharmaceutical, automotive and etc. Manufacturers of PET are increasingly involved in strategic partnerships and product launches to gain a competitive edge in the market. Products that are made from bio-based PET have the same quality as regular PET like its distinctive functions, appearance, and weight and it can also be recycled, hence recycled PET can also be used in bottles or in other applications. Thus, the bio-based PET market is expected to grow at a good rate owing to the increasing consumption of bio-PET and manufacturers opening new plants. However, the cost of producing bio-based PET is high.

DRIVERS
Increase in the demand for bio-based PETs from the end-user industries.
Rising awareness of low carbon usage.

RESTRAINTS
High producing cost

INDUSTRY UPDATE

In December 2018, The Coca-Cola Industry announced its new investment in Enhanced recycling as part of the World without Waste Vision.

In January 2016, M&G Chemicals announced that they ramp up its PET capacity at its Corpus Christi Plant.

The major players profiled in the global bio-based PET market are TORAY INDUSTRIES INC., Anellotech, Inc., THE COCA-COLA COMPANY, SCG Chemicals Co., Ltd., FKuR Kunststoff GmbH, Toyota Tsusho Corporation, M&G Chemicals, Danone, Ford Motors Company, and Teijin Limited.

Bio-Based PET Market Scope:

Segmentation

The global bio-based PET market has been analyzed through the following segments:

By Application
Bottles
Foam
Synthetic fibers
Others

By End-User
Automotive
Packaging
Personal Care
Electronics
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others

-1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL BIO-BASED PET MARKET BY APPLICATION
5.1. Bottles
5.2. Forms
5.3. Synthetic Fibers
5.4. Others
6. GLOBAL BIO-BASED MARKET BY END-USER
6.1. Automotive
6.2. Packaging
6.3. Personal Care
6.4. Electronics
6.5. Others
7. GLOBAL BIO-BASED PET MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILE
9.1. TORAY INDUSTRIES INC.
9.2. Anellotech, Inc.
9.3. THE COCA-COLA COMPANY
9.4. SCG Chemicals Co. Ltd.
9.5. FKuR Kunststoff GmbH
9.6. Toyota Tsusho Corporation
9.7. M&G Chemicals.
9.8. Danone
9.9. Ford Motors Company
9.10. Teijin Limited
LIST OF FIGURES
LIST OF TABLES

-TORAY INDUSTRIES, INC.
Anellotech, Inc.
THE COCA-COLA COMPANY
SCG Chemicals Co., Ltd.
FKuR Kunststoff GmbH
Toyota Tsusho Corporation
M&G Chemicals
Danone
Ford Motor Company
Teijin Limited