The Global Market for Bio-PET 2024-2034 - Nanotech Magazine The Global Market for Bio-PET 2024-2034

The Global Market for Bio-PET 2024-2034 – Nanotech Magazine The Global Market for Bio-PET 2024-2034

Time Stamp: August 18, 2023 10:14 AM
Source Node: 2833669

Published August 2023 | 106 pages, 26 tables, 31 figures | Download table of contents

Global Bio-PET Market Set for Rapid Growth Driven by Sustainability Trends and Plant-Based Plastic Demand

Bio-PET, a bioplastic derived from plant-based materials, enables brands to adopt renewable and circular alternatives to fossil fuel-based PET. Driven by sustainability, this report forecasts the bio-PET market will exceed 2.5 million tons by 2034, with packaging as the dominant application.

As sustainability initiatives gain momentum, interest in bio-based plastics like bio-PET has surged. Bio-PET provides a drop-in replacement for conventional PET derived from fossil fuels. It offers a renewable solution as brands aim to reduce their environmental impact and carbon footprint.

Made from plant-based monoethylene glycol (MEG), bio-PET is chemically identical to PET but has the advantage of coming from renewable sources. It is easy to implement in existing PET products and recycling streams.

Key Growth Factors:

  • Consumer preference shifting toward eco-friendly products
  • Brands across industries announcing sustainability commitments
  • Favorable government policies and regulations around bio-based materials
  • Advances in bio-PET production technologies and capacity

Market Outlook and Forecasts

Driven by packaging, the global bio-PET market is projected to reach over 2.5 million metric tons by 2034. Asia Pacific leads production and consumption. This section provides detailed forecasts segmented by end-use industry and region.

As brands respond to consumer and regulatory pressure to adopt renewably-sourced materials, bio-PET is positioned for steep growth trajectories over the coming decade.

Major Players Driving Adoption

The Global Market for Bio-PET 2024-2034 includes comprehensive company profiles of 27 companies. Companies profiled include Hyosung Advanced Materials, Indorama Ventures, NatureWorks, Toray, Teijin, and Origin Materials. Company profiles include products, target markets, funding, and recent market activity. 

The Global Market for Bio-PET 2024-2034
The Global Market for Bio-PET 2024-2034

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The Global Market for Bio-PET 2024-2034
The Global Market for Bio-PET 2024-2034

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1              EXECUTIVE SUMMARY   9

  • 1.1          Market drivers and trends in bioplastics and biopolymers              10
  • 1.2          Global production to 2034            12
  • 1.3          Main producers and global production capacities               14
    • 1.3.1      Producers           14
    • 1.3.2      By biobased and biodegradable plastics type       15
    • 1.3.3      By region             18
  • 1.4          Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market 19
  • 1.5          Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market         22
  • 1.6          The Global bio-PET market           23

2              RESEARCH METHODOLOGY         24

 

3              THE GLOBAL PLASTICS MARKET 25

  • 3.1          Global production of plastics       25
  • 3.2          The importance of plastic              25
  • 3.3          Issues with plastics use  26
  • 3.4          Policy and regulations    26
  • 3.5          The circular economy     27
  • 3.6          Conventional polymer materials used in packaging            29
    • 3.6.1      Polyolefins: Polypropylene and polyethylene      30
    • 3.6.2      PET and other polyester polymers            32
    • 3.6.3      Renewable and bio-based polymers for packaging             32
  • 3.7          Comparison of synthetic fossil-based and bio-based polymers     34
  • 3.8          End-of-life treatment of bioplastics          34

4              THE GLOBAL BIOPLASTICS MARKET          37

  • 4.1          Bio-based or renewable plastics 37
    • 4.1.1      Drop-in bio-based plastics            37
    • 4.1.2      Novel bio-based plastics                38
  • 4.2          Biodegradable and compostable plastics                39
    • 4.2.1      Biodegradability               39
    • 4.2.2      Compostability  40
  • 4.3          Advantages and disadvantages  41
  • 4.4          Types of Bio-based and/or Biodegradable Plastics              41

5              THE GLOBAL BIO-PET MARKET    45

  • 5.1          Market overview             46
    • 5.1.1      Currently available bio-PET          46
    • 5.1.2      100% bio-PET     47
  • 5.2          Comparative analysis      47
  • 5.3          Supply landscape and trends       49
  • 5.4          Market supply chain        50
  • 5.5          SWOT analysis   51
  • 5.6          Market drivers  52
  • 5.7          Market challenges           53
  • 5.8          Regulations        53
  • 5.9          Producers and production capacities       54
    • 5.9.1      Bio-PET production capacities, by country             55
  • 5.10        Demand for bio-PET 2019-2034 (1,000 tons)        56
    • 5.10.1    Demand by market         57
    • 5.10.2    Demand by region           59
      • 5.10.2.1                North America   60
      • 5.10.2.2                Europe 61
      • 5.10.2.3                Asia-Pacific         62
      • 5.10.2.4                Rest of the world              64
  • 5.11        PET biorecycling                65
  • 5.12        Pricing   66
  • 5.13        Markets for Bio-PET        67
    • 5.13.1    Packaging            67
      • 5.13.1.1                Flexible packaging            68
      • 5.13.1.2                Rigid packaging 70
    • 5.13.2    Consumer goods              73
    • 5.13.3    Automotive        74
    • 5.13.4    Textiles 75
    • 5.13.5    Electronics          77

6              COMPANY PROFILES       78 (27 company profiles)

7              REFERENCES       102

List of Tables

  • Table 1. Market trends and drivers in biobased and biodegradable plastics (bioplastics).  10
  • Table 2. Global production capacities of biobased and biodegradable plastics 2018-2034, in 1,000 tons.   12
  • Table 3. Global production capacities for biobased and biodegradable plastics (bioplastics), by producers.               14
  • Table 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by type, in 1,000 tons.      15
  • Table 5. Issues related to the use of plastics.        26
  • Table 6. Types of biobased and biodegradable plastics (bioplastics).          29
  • Table 7. Comparison of synthetic fossil-based and bio-based polymers.   34
  • Table 8. Biodegradability of bioplastics in different environments.             35
  • Table 9. Type of biodegradation.               40
  • Table 10. Advantages and disadvantages of biobased plastics compared to conventional plastics. 41
  • Table 11. Types of Bio-based and/or Biodegradable Plastics, applications.               41
  • Table 12. Bio-based Polyethylene terephthalate (bio-PET) market analysis- manufacture, advantages, disadvantages and applications.              45
  • Table 13. Commercially available bio-based PET plastics. 46
  • Table 14. Comparative analysis with PET.               47
  • Table 15. Comparative analysis with other bio-based plastics.      48
  • Table 16. Market supply chain for bio-PET.            50
  • Table 17. Market drivers for bio-PET.       52
  • Table 18. Market challenges for bio-PET.               53
  • Table 19. Key regulations related to bio-based PET (polyethylene terephthalate) plastic.  53
  • Table 20. Bio-based Polyethylene terephthalate (bio-PET) producers and production capacities.   54
  • Table 21. Global Bio-PET demand 2019-2034, by market (1,000 tons).      57
  • Table 22. Biobased and sustainable plastics producers in Europe.               61
  • Table 23. Processes for bioplastics in packaging. 67
  • Table 24. Comparison of bioplastics’ (PLA and PHAs) properties to other common polymers used in product packaging.                68
  • Table 25. Typical applications for bioplastics in flexible packaging.              69
  • Table 26. Typical applications for bioplastics in rigid packaging.   71

List of Figures

  • Figure 1. Total global production capacities for biobased and biodegradable plastics, all types, 000 tons.  10
  • Figure 2. Global production capacities of biobased and biodegradable plastics (bioplastics) 2018-2034, in 1,000 tons by biodegradable/non-biodegradable types.             13
  • Figure 3. Global production capacities of biobased and biodegradable plastics (bioplastics) in 2019-2034, by type, in 1,000 tons.         17
  • Figure 4. Global production capacities of biobased and biodegradable plastics (bioplastics) 2019-2034, by region, in 1,000 tons.         18
  • Figure 5. Current and future applications of biobased and biodegradable plastics (bioplastics).      19
  • Figure 6. Global demand for biobased and biodegradable plastics (bioplastics) by end user market, 2022. 20
  • Figure 7. Global production capacities for biobased and biodegradable plastics (bioplastics) by end user market 2019-2034, 1,000 tons.             21
  • Figure 8. Challenges for the biobased and biodegradable plastics (bioplastics) market.      22
  • Figure 9. Global plastics production 1950-2020, millions of tons. 25
  • Figure 10. The circular plastic economy. 28
  • Figure 11. Routes for synthesizing polymers from fossil-based and bio-based resources.  33
  • Figure 12.  Coca-Cola PlantBottle®.           38
  • Figure 13. Interrelationship between conventional, bio-based and biodegradable plastics.              39
  • Figure 14. Bioplastics regional production capacities, 1,000 tons, 2019-2034.         44
  • Figure 15. SWOT analysis: bio-PET market.            51
  • Figure 16. Bio-based Polyethylene terephthalate (Bio-PET) production capacities, 1,000 tons, 2019-2034   55
  • Figure 17. Global Bio-PET demand 2019-2034 (1,000 tons).           56
  • Figure 18. Global Bio-PET demand 2019-2034, by market (1,000 tons).     58
  • Figure 19. Global Bio-PET demand 2019-2034, by region (1,000 tons).      59
  • Figure 20. Bio-PET demand 2019-2034, in North America (1,000 tons).     60
  • Figure 21. Bio-PET demand 2019-2034, in Europe (1,000 tons).    62
  • Figure 22. Bio-PET demand 2019-2034, in Asia-Pacific (1,000 tons).           64
  • Figure 23. Bio-PET demand 2019-2034, in Rest of the World (1,000 tons).               65
  • Figure 24. GoodLeaf bio-PET packaging. 71
  • Figure 25. Global Bio-PET demand 2019-2034, in packaging (1,000 tons). 72
  • Figure 26. Global Bio-PET demand 2019-2034, in consumer goods (1,000 tons).   73
  • Figure 27. Global Bio-PET demand 2019-2034, in automotive (1,000 tons).             75
  • Figure 28. Global Bio-PET demand 2019-2034, in textiles (1,000 tons).     76
  • Figure 29. Global Bio-PET demand 2019-2034, in electronics (1,000 tons).              77
  • Figure 30. CuanSave film.             85
  • Figure 31. Teijin bioplastic film for door handles.               98
The Global Market for Bio-PET 2024-2034
The Global Market for Bio-PET 2024-2034

PDF download.

The Global Market for Bio-PET 2024-2034
The Global Market for Bio-PET 2024-2034

PDF download and print edition (including tracked delivery).

Payment methods: Visa, Mastercard, American Express, Paypal. 

To purchase by invoice (bank transfer) or in an alternative currency please contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.

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