Global Bio-Based Polyethylene Terephthalate Market is estimated to be valued at USD 3.74 Bn in 2025 and is expected to reach USD 6.89 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.1% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 3.74 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.10%
2032 Value Projection:
USD 6.89 Bn
Figure. Bio-Based Polyethylene Terephthalate Market Share (%), By Region 2025
Bio-based polyethylene terephthalate (PET) is a bioplastic obtained from renewable sources like sugarcane and wood pulp. It offers similar properties to PET derived from fossil fuels. With rising concerns over plastic waste and demand for sustainable alternatives, bio-based PET market can witness significant growth.
Market Dynamics
Increasing health and environmental concerns associated with single-use plastics can drive the market growth. Growing consumer preference for sustainable packaging along with strict restrictions on petroleum-based plastics has boosted demand for bio- based PET. However, limited raw material sources and high manufacturing costs pose challenges. Extensive R&D in feedstock optimization and technological advancements are lowering production prices. Rising collaboration between brands and manufacturers to develop cost-competitive bio-PET solutions presents lucrative opportunities. Favorable government policies encouraging use of bio-plastics for a low carbon economy can also aid the market expansion. The bioplastic helps reduce dependence on crude oil and lower greenhouse gas emissions compared to conventional PET. It can be recycled and contributes to the circular economy. Leading brands are incorporating bio-based PET in food packaging, textiles and bottles to meet sustainability goals. Continued product innovation and supportive regulations can promote the adoption of this eco-friendly material.
Key features of the study
This report provides in-depth analysis of the global bio-based polyethylene terephthalate market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bio-based polyethylene terephthalate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include The Coca-Cola Company, Danone India., Indorama Ventures Public Company Limited., MG Chemicals, TORAY INDUSTRIES, INC., Toyota Tsusho Corporation., VIRENT, INC., Anellotech, Inc., Gevo, Inc., Avantium N.V., Mitsubishi Chemical Group Corporation, PepsiCo, Plastipak Holdings, Inc., TEIJIN LIMITED
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global bio-based polyethylene terephthalate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bio-based polyethylene terephthalate market
Market Segmentation
By Application Insights (Revenue, USD Bn, 2019 - 2032)
Bottles
Foam
Pressure Sensitive Adhesive Tape
Substrate in Thin Film Solar Cells
Cosmetics
Others
By End-use Industry Insights (Revenue, USD Bn, 2019 - 2032)
Packaging
Automotive
Textile
Others
By Regional Insights (Revenue, USD Bn, 2019 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
The Coca-Cola Company
Danone India.
Indorama Ventures Public Company Limited.
MG Chemicals
TORAY INDUSTRIES, INC.
Toyota Tsusho Corporation.
VIRENT, INC.
Anellotech, Inc.
Gevo, Inc.
Avantium N.V.
Mitsubishi Chemical Group Corporation
PepsiCo
Plastipak Holdings, Inc.
TEIJIN LIMITED
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Application
Market Snippet, By End-use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Bio-based Polyethylene Terephthalate Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Bio-based Polyethylene Terephthalate Market - COVID-19
Impact Analysis
5. Global Bio-based Polyethylene Terephthalate Market, By Application, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Bottles
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Foam
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Pressure Sensitive Adhesive Tape
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Substrate in Thin Film Solar Cells
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Cosmetics
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
6. Global Bio-based Polyethylene Terephthalate Market, By End-use Industry, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Packaging
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Automotive
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Textile
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
7. Global Bio-based Polyethylene Terephthalate Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country/Region, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country/Region, 2021 - 2032
Market Size and Forecast, By Application, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country/Region, 2020- 2032, (USD Bn)