Bio-Based PET Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Bio Based Polyethylene Terephthalate Market is segmented by application (bottles, packaging, consumer durables, furniture, films, and other applications) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for the Bio-PET Market are provided in terms of volume (Kilotons) for all the above segments.

Bio-Based PET Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Bio-Based PET Market Size

Bio-PET Market Summary
Study Period 2019 - 2030
Market Volume (2025) 65.19 kilotons
Market Volume (2030) 80.00 kilotons
CAGR 4.18 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Bio-PET Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Bio-PET Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Bio-Based PET Market Analysis

The Bio-PET Market size is estimated at 65.19 kilotons in 2025, and is expected to reach 80.00 kilotons by 2030, at a CAGR of 4.18% during the forecast period (2025-2030).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • One of the major factors driving the market studied is the growing GHG (Greenhouse Gases) emission concerns.
  • However, the development of PEF (Polyethylene Furanoate) and a low melting point of bio PET is likely to restrain the market.
  • Environmental factors encouraging a paradigm shift will likely boost the demand for Bio-PET during the forecast period.
  • Focus on renewable sources is likely to act as an opportunity for market growth in the future.
  • Asia-Pacific dominated the market across the world, closely followed by North America. Asia-Pacific is likely to witness the highest growth rate during the forecast period.

Bio-Based PET Industry Overview

The bio-PET market is partially consolidated. The majority of the market share is divided among a few players. Some of the key players in the bio-PET market include THE COCA-COLA COMPANY., Indorama Ventures Public Company Limited., Toyota Tsusho Corporation, TEIJIN LIMITED, and TORAY INDUSTRIES INC., among others (not in any particular order).

Bio-Based PET Market Leaders

  1. THE COCA-COLA COMPANY

  2. Indorama Ventures Public Company Limited

  3. Toyota Tsusho Corporation

  4. TORAY INDUSTRIES INC.

  5. TEIJIN LIMITED

  6. *Disclaimer: Major Players sorted in no particular order
Bio-PET Market Concentration
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Bio-Based PET Market News

  • February 2022: Indorama Venturas announced the acquisition of UCY Polymers CZ s.r.o. (UCY) which is a Czech Republic-based PET plastic recycler.

Bio-Based PET Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Environmental Factors Encouraging a Paradigm Shift
    • 4.1.2 Growing GHG (Greenhouse Gases) Emission Concerns
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Development of PEF (Polyethylene Furanoate)
    • 4.2.2 Low Melting Point Hinders Usage in Some Applications
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Application
    • 5.1.1 Bottles
    • 5.1.2 Packaging
    • 5.1.3 Consumer Durables
    • 5.1.4 Furniture
    • 5.1.5 Films
    • 5.1.6 Other Applications
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 ASEAN Countries
    • 5.2.1.6 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 France
    • 5.2.3.3 United Kingdom
    • 5.2.3.4 Italy
    • 5.2.3.5 Rest of the Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Toyota Tsusho Corporation
    • 6.4.2 Far Eastern New Century Corporation
    • 6.4.3 Indorama Ventures
    • 6.4.4 THE COCA-COLA COMPANY
    • 6.4.5 TORAY INDUSTRIES, INC.
    • 6.4.6 Plastipak Holdings, Inc.
    • 6.4.7 Ford Motors
    • 6.4.8 Gevo Inc.
    • 6.4.9 TEIJIN LIMITED
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Focus toward Renewable Sources
  • 7.2 Other Opportunities
**Subject to Availability
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Bio-Based PET Industry Segmentation

Polyethylene terephthalate (PET) is a polymer used for different applications such as packaging, textiles, bottles, etc. The PET derived from natural compounds is called bio PET. The bio PET market report includes segmentation by application and geography. The market is segmented by application into bottles, packaging, consumer durables, furniture, films, and other applications. The report also covers the market size and forecasts for the bio PET market in 15 countries across major regions. The market sizing and forecasts for each segment are based on volume (Kilotons).

Application Bottles
Packaging
Consumer Durables
Furniture
Films
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
France
United Kingdom
Italy
Rest of the Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Bio-Based PET Market Research FAQs

How big is the Bio-PET Market?

The Bio-PET Market size is expected to reach 65.19 kilotons in 2025 and grow at a CAGR of 4.18% to reach 80.00 kilotons by 2030.

What is the current Bio-PET Market size?

In 2025, the Bio-PET Market size is expected to reach 65.19 kilotons.

Who are the key players in Bio-PET Market?

THE COCA-COLA COMPANY, Indorama Ventures Public Company Limited, Toyota Tsusho Corporation, TORAY INDUSTRIES INC. and TEIJIN LIMITED are the major companies operating in the Bio-PET Market.

Which is the fastest growing region in Bio-PET Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Bio-PET Market?

In 2025, the Asia Pacific accounts for the largest market share in Bio-PET Market.

What years does this Bio-PET Market cover, and what was the market size in 2024?

In 2024, the Bio-PET Market size was estimated at 62.47 kilotons. The report covers the Bio-PET Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bio-PET Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bio-PET Industry Report

Statistics for the 2025 Bio-PET market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio-PET analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.