Bio-Based PET Market Size, Share, Opportunities, And Trends By Application (Bottles, Foam, Synthetic fibers, Others), By End-User (Automotive, Packaging, Personal Care, Electronics, Others), And By Geography - Forecasts From 2025 to 2030

Bio-Based PET Market Size:

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.

Bio-Based PET Market Overview & Scope:

The Bio-Based PET Market is segmented by:

• Application: By application, the global bio-based PET market is divided into bottles, foam, synthetic fibers, and others. The bottles will hold a significant market share, witnessing a positive growth rate. Moreover, in October 2024, Indorama Ventures Public Company Limited started a collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani, and Neste and launched the world’s first bio-PET bottle for commercial scale, made from ISCC+ certified bio-paraxylene. This collaboration marked a significant step toward sustainable packaging, introducing PET bottles derived from used cooking oil. PET bottles made from this technology can significantly reduce the CO2 emissions of products.
• End-User: Based on end-users, the global bio-based PET market is divided into automotive, packaging, personal care, electronics, and others. The automotive industry will witness significant growth due to the growing demand for electric vehicles. The packaging industry has a major share of the e-commerce business.
• Region: By geography, the Bio-Based PET Market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

Top Trends Shaping the Bio-Based PET Market:

1. Increasing consumer awareness about the environmental benefits of bio-based PET.

• Increasing consumer awareness about the environmental benefits of bio-based PET. The bio-based PET material is increasing owing to environmental concerns in consumer choice. The greenhouse gas emission and plastic waste concerns seem to be the recognized forces as bio-based PET provides a sustainable alternative to traditional petroleum-based PET, which uses renewable resources.

2. Governments worldwide are implementing regulations and incentives to promote the use of bio-based materials.

• Government regulations encourage corporations to invest in bio-based PET R&D, leading to better production processes, improved material properties, lower economic costs, and, thus, greater competitiveness of bio-based PET. For instance, with California's SB 54 or the Plastic Pollution Prevention Package Producer Responsibility Act, single-use plastic is being reduced by 25%, recycled by 65%, and ensured that all packaging and plastic food ware is recyclable or compostable by 2025. This will contribute to the demand for bio-based PET, resulting in companies rethinking their packaging strategies, rallying increasing market scale and potential for economies of scale, lowering the cost for bio-based PET production and hence fulfilling regulatory guidelines.

Bio-Based PET Market: Growth Drivers vs. Challenges:

Drivers:

• Increased demand from the beverage industry: The growth of the beverage industry plays a major role in the adoption of Bio-Based PET. Major beverage companies are adopting bio-based PET for bottles and containers to meet consumer demand for environment-friendly products. In January 2024, Coca?Cola Company’s sustainable packaging journey crosses a major milestone with the first-ever beverage bottle made from 100% plant-based plastic, excluding the cap and label. The breakthrough technologies used to produce the prototype are ready for commercial scale. The PlantBottle debuted as the world’s first recyclable PET plastic bottle with up to 30% plant-based material. A limited run of approximately 900 of the prototype bottles has been produced.
• Growing demand for sustainable packaging: Plastic bottles continue to be used in modern applications in various fields such as food and beverage, pharmaceutical, and automotive. As companies search for sustainable packaging solutions to meet consumer demand and lessen environmental impact, bio-based PET packaging are taking market share, thus stimulating this market’s expansion in the coming years.

Challenges:

• Price volatility:  The price volatility due to the supply-chain constraint is the serious challenge in the industry. Further, the high costs of production and competition from alternatives, are the restraints in the market growth.

Bio-Based PET Market Regional Analysis:

• Asia-Pacific: The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region such as ASEAN countries.
• North America: The United States bio-based PET market is witnessing substantial growth with the rise of awareness regarding environmental factors. Sustainable packaging solutions are being increasingly required, resulting in demand for bio-based PET. The market is also increasing due to the growing awareness of plastic waste and the pressure to take action against greenhouse gas emissions.

Bio-Based PET Market: Competitive Landscape:

The market is fragmented, with many notable players including 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:

Few strategic developments related to the market:

• New Product: LanzaTech Global, Inc. and Plastipak Packaging, Inc. announced the successful production of PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions in May 2023. The resin is suitable for food, personal care, pharmaceutical packaging, and other non-packaging applications. PPKNatura resin reduces greenhouse gas emissions and requires far fewer resources.
• New Partnership: In May 2023, Origin Materials, Inc., the world’s leading carbon negative materials company, and Indorama Ventures Public Company Limited, the world’s largest producer of virgin and recycled PET resins, partnered to accelerate the mass production of bio-based materials.

Bio-Based PET Market Scope:

Report Metric	Details
Bio-Based PET Market Size in 2025	US$986.060 million
Bio-Based PET Market Size in 2030	US$1,950.766 million
Growth Rate	CAGR of 14.62%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Application End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Bio-Based PET Market	TORAY INDUSTRIES, INC. Anellotech, Inc. The Coca-Cola Company SCG Chemicals Co., Ltd. FKuR Kunststoff GmbH
Customization Scope	Free report customization with purchase

 

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

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. BIO-BASED PET MARKET BY APPLICATION

5.1. Introduction

5.2. Bottles

5.3. Foam

5.4. Synthetic fibers

5.5. Others

6. BIO-BASED PET MARKET BY END-USER

6.1. Introduction

6.2. Automotive

6.3. Packaging

6.4. Personal Care

6.5. Electronics

6.6. Others

7. BIO-BASED PET MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Application

7.2.2. By End-User

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Application

7.3.2. By End-User

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Application

7.4.2. By End-User

7.4.3. By Country

7.4.3.1. United Kingdom 

7.4.3.2. Germany 

7.4.3.3. France

7.4.3.4. Spain

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Application

7.5.2. By End-User

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Israel

7.5.3.4. Others

7.6. Asia Pacific

7.6.1. By Application

7.6.2. By End-User

7.6.3. By Country

7.6.3.1. Japan

7.6.3.2. China 

7.6.3.3. India

7.6.3.4. Australia

7.6.3.5. South Korea

7.6.3.6. Indonesia

7.6.3.7. Thailand

7.6.3.8. Taiwan

7.6.3.9. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

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. Iwatani Corporation

9.7. Neste

9.8. Plastipak Holdings, Inc.

9.9. Suntory Holdings Limited

9.10. Indorama Ventures Public Company Limited

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

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

Indorama Ventures Public Company Limited