Global Bio-based PET market is estimated to grow with approx.17.51% CAGR during the year 2018 – 2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global Bio-based PET market is primarily driven by the following factors: Continued instability in the price of petroleum and related products Increase in adoption of green packaging by manufacturers

GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE (PET) MARKET FORECAST 2018-2026

Global Bio-Based PET Market (Polyethylene Terephthalate) by Application (Bottles, Packaging, Automotives, Fibres, Others) & by Geography

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Global Bio-based PET market is estimated to grow with approx.17.51% CAGR during the year 2018 – 2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global Bio-based PET market is primarily driven by the following factors:

  • Continued instability in the price of petroleum and related products
  • Increase in adoption of green packaging by manufacturers
  • Consumers favouring bioplastic products over conventional petroleum-based plastic products

Bio-Based Polyethylene Terephthalate (PET) Market

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The important driver increasing growth in the Global Bio-based PET Market is the increase in adoption of green packaging by manufacturers. Sustainable packaging involves manufacturing and development of packaging material with the help of clean production technologies for its utilization in order to reduce the environmental impact, meet the market criteria and improve sustainability. By the year 2023, about 19 million tons of bioplastic is expected to be utilized by the market, and about 13.30 million tons of bioplastics will be used for sustainable packaging. Changing consumer preference to adopt sustainable and eco-friendly products, advances in material technology and advances in processing and conversion technology have resulted in the rising utilization of sustainable packaging. Use of environment-friendly materials such as Bio PET also reduces the weight of packaging.

Bio-based PET bottles are non-biodegradable bottles that are manufactured by using ethylene glycol obtained from plant-based sources such as sugar cane, sugar beet, corn etc. These bottles are largely used in rigid packaging of soft drinks, alcoholic beverages, cosmetics and pharmaceuticals, and mineral water packaging by companies such as Heinz, Coca-Cola, PepsiCo, Dasani and others. Rigid packaging market contributes to about 60% of the total packaging market due to high consumption of bio-based PET bottles. For manufacturing bio-PET bottles, PET of grade 30 is utilized in general.

Irregular supply of feedstock, need for using the limited cultivable land for production of food and the easy availability of alternative products are the major factors hindering the Bio-based PET market. Uncertain feedstock supply is a major concern in case of timely supply of raw material for bioplastic production. Plant-based feedstocks highly depend on environmental factor in terms of production and supply. Uniform quality of raw materials also plays an essential role in the efficient production of bio-PET. The profitability of bio-based PET many times depends on raw materials that are cost friendly and renewable in nature. The uncertainty of the biomass feedstock supply chain and associated risks are major barriers to procuring capital funding for start-up bioplastic firms.

The global Bio-based PET market segment includes application.

Applications can be segmented into:

  • Bottles
  • Packaging
  • Automotives
  • Fibres
  • Others

Geographically, the global Bio-based PET market has been segmented on the basis of four major regions, which includes:

The Asia Pacific is anticipated to account for the largest market share during the forecast period owing to a strong demand from economies such as China and India and a stable demand from major consumer countries such as Japan and South Korea. China has emerged as a global hub for manufacturing low-value, mass-produced goods, primarily because of the low-cost manpower and generous state support. China is also a preferred destination for manufacturers and exporters of low-grade plastics with low value. Bio-PET market in the Asia Pacific is driven by decreasing crude oil prices, increasing demand for sustainable products, and investment-friendly policies by the government.  On the other hand, the European market is anticipated to be the fastest-growing region for Bio-based PET on account of the European Commission’s inclination toward bio-based product promotion in the EU. The European Commission has framed various environmental regulations to limit the use of chemical-based products and focuses on GHG reductions. These regulations are expected to promote the demand of the bio-based PET market over the next eight years. Sustainable or green procurement items are also expected to have a positive impact on the bio-based PET market over the forecast period.

The Bio-based PET Market is segmented on the basis of its  applications which includes bottles, packaging, automotive, fibres, and others.

The major market players of the global Bio-based PET market are:

  • INDORAMA VENTURES PUBLIC COMPANY LIMITED
  • TEIJIN LTD
  • TOYOTA-TSUSHO CORP
  • COCA COLA
  • PEPSI
  • OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, Indorama Ventures Public Company Limited (“IVL” or the “Company”), through its indirect subsidiary Indorama Ventures Spain S.L. (“IVSSL”), signed a definitive Securities Purchase Agreement on March 15th, 2018 with M&G Chemicals Brazil S.A. to acquire a 100% stake in M&G Polimeros Brazil S.A. In 2017, Teijin Limited announced that it completed the acquisition of all the shares of Continental Structural Plastics Holdings Corporation, a global leader in automotive lightweight composite technologies.  

Key Findings of the global Bio-based PET market.

  • Continued instability in petroleum prices and increased adoption of green packaging by manufacturers is fueling growth in the global Bio-based PET market.
  • Asia Pacific accounted the largest revenue share in 2017.
  • Increasing government support
  • Product launch is the key strategy adopted by various market players of the global Bio-based PET market.
  • Bottles market is a major segment of applications.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC HOLDS THE LARGEST MARKET SHARE
      • EUROPE IS THE FASTEST GROWING REGION IN THE BIO-BASED PET MARKET
      • BOTTLES & PACKAGING- KEY APPLICATIONS
  1. MARKET OVERVIEW
    • MARKER DEFINITION & SCOPE
    • MARKET DRIVERS
      • CONTINUED INSTABILITY IN PRICE OF PETROLEUM AND RELATED PRODUCTS
      • INCREASE IN ADOPTION OF GREEN PACKAGING BY MANUFACTURERS
      • CONSUMERS FAVORING BIOPLASTIC PRODUCTS OVER CONVENTIONAL PETROLEUM-BASED PLASTIC PRODUCTS
    • MARKET RESTRAINTS
      • IRREGULAR SUPPLY OF FEEDSTOCK
      • NEED TO USE LIMITED CULTIVABLE LAND FOR PRODUCTION OF FOOD
      • EASY AVAILABILITY OF ALTERNATE PRODUCTS
    • MARKET OPPORTUNITIES
      • GROWING PRODUCTION ACTIVITY AND RISING GOVERNMENT SUPPORT IN THE ASIA PACIFIC REGION
      • HAZARDOUS NATURE OF CONVENTIONAL PLASTICS
      • SUPPORTIVE GOVERNMENT REGULATIONS
    • MARKET CHALLENGES
      • LACK OF CONSUMER AWARENESS AND ACCEPTANCE
      • LACK OF SOPHISTICATED TECHNOLOGY
      • INTENSE COMPETITION FROM FOSSIL FUEL PRODUCTS
  1. GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026
    • BY BOTTLES
    • BY PACKAGING
    • BY AUTOMOTIVES
    • BY FIBRES
    • BY OTHERS
  2. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  3. GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY GEOGRAPHY 2018-2026
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UNITED KINGDOM (UK)
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MENA
      • AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • LIST OF STRATEGIC INITIATIVES
    • COMPANY PROFILE
      • BRASKEM
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • DAK AMERICA
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • INDORAMA VENTURES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • M&G CHEMICALS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • NOVAMONT S.P.A
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • TEIJIN LIMITED
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • TIANJIN GREENBIO MATERIALS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • TORAY INDUSTRIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • TOYOTA TSUSHO
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • BASF
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • AVANTIUM TECHNOLOGIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT
      • GEVO INC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • DU PONT
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • PLASTIPAK PACKAGING, INC. (HOLDING COMPANY IS PLASTIPAK HOLDINGS, INC)
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • LOTTE CHEMICAL
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • PEPSICO
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INITIATIVES
        • SCOT ANALYSIS
      • COCA-COLA
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC INVESTMENTS
        • SCOT ANALYSIS

TABLE LIST

TABLE 1       GLOBAL BIO PET MARKET ACROSS GEOGRAPHY 2018-2026 ($MILLION)

TABLE 2       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026 ($MILLION)

TABLE 3       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026 (KILO TONS)

TABLE 4       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN BOTTLES BY REGION 2018-2026 ($MILLION)

TABLE 5       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN BOTTLES BY REGION 2018-2026 (KILO TONS)

TABLE 6       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN PACKAGING BY REGION 2018-2026 ($MILLION)

TABLE 7       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN PACKAGING BY REGION 2018-2026 (KILO TONS)

TABLE 8       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN AUTOMOTIVES BY REGION 2018-2026 ($MILLION)

TABLE 9       GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN AUTOMOTIVES BY REGION  2018-2026 (KILO TONS)

TABLE 10     APPLICATIONS OF NONWOVEN FABRICS

TABLE 11     GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN FIBRES BY REGION 2018-2026 ($MILLION)

TABLE 12     GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN FIBRES BY REGION 2018-2026 (KILO TONS)

TABLE 13     GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN OTHER APPLICATION BY REGION 2018-2026 ($MILLION)

TABLE 14     GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET IN OTHER APPLICATION BY REGION 2018-2026 (KILO TONS)

TABLE 15     GLOBAL BIO PET MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 16     GLOBAL BIO PET MARKET BY GEOGRAPHY 2018-2026 (KILO TONS)

TABLE 17     NORTH AMERICA BIO PET MARKET BY COUNTRY 2018-2026 ($MILLION)

TABLE 18     NORTH AMERICA BIO PET MARKET BY COUNTRY 2018-2026 (KILO TONS)

TABLE 19     NORTH AMERICA PLASTIC BAG STATE LEGISLATION IN 2015 & 2016

TABLE 20     EUROPE BIO PET MARKET BY COUNTRY 2018-2026 ($MILLION)

TABLE 21     EUROPE BIO PET MARKET BY COUNTRY 2018-2026 (KILO TONS)

TABLE 22     ASIA PACIFIC BIO PET MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 23     ASIA PACIFIC BIO PET MARKET BY COUNTRY 2018-2026 (KILO TONS)

TABLE 24     DRIVER VS RESTRAINT

TABLE 25     ROW BIO PET MARKET 2018-2026 ($ MILLION)

TABLE 26     ROW BIO PET MARKET 2018-2026 (KILO TONS)

FIGURES LIST

FIGURE 1     GLOBAL BIO PET MARKET BY APPLICATION 2018-2026 ($MILLION)

FIGURE 2     KEY MARKET FINDINGS OF BIO PET MARKET

FIGURE 3     PRODUCTION OF BIO-BASED POLYMERS FROM 2012-2022 (MILLION TONNES)

FIGURE 4     FLUCTUATIONS IN PRICE OF CRUDE OIL $ PER BARREL 2015- 2016

FIGURE 5     SHARE OF VARIOUS SECTORS UTILIZING BIOPLASTIC PACKAGING FOR THE YEAR 2015

FIGURE 6     CONSUMPTION OF SUGAR TO PRODUCE PER KG PLASTIC BY BIO PET, BIO PE AND BIO PLA

FIGURE 7     LACK OF CULTIVABLE LAND GLOBALLY FROM 1960-2015 PER PERSON HECTARE

FIGURE 8     ASIA PACIFIC BIOPLASTICS PRODUCTION 2016 & 2022 (MILLION TONS)

FIGURE 9     SUGARCANE PRODUCTION IN ASIA PACIFIC ACROSS COUNTRIES 2015 (THOUSAND METRIC TONS (TMT))

FIGURE 10   COMPARISON OF GREENHOUSE GAS EMISSION BETWEEN CONVENTIONAL AND BIO-BASED PLASTICS 2015 (KG CO2 EQ. PER KG POLYMER)

FIGURE 11   GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY BOTTLES 2018-2026 ($MILLION)

FIGURE 12   GLOBAL PRODUCTION CAPACITY OF NON-BIODEGRADABLE BIOPLASTICS – % SHARE

FIGURE 13   GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY PACKAGING 2018-2026 ($MILLION)

FIGURE 14   GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY AUTOMOTIVES 2018-2026 ($MILLION)

FIGURE 15   NUMBER OF CARS SOLD DURING THE YEARS 2013-2016 (MILLIONS)

FIGURE 16   GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY FIBRES 2018-2026 ($MILLION)

FIGURE 17   GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY OTHERS 2018-2026 ($MILLION)

FIGURE 18   MARKET SHARE OF NORTH AMERICA IN GLOBAL BIOPLASTICS MARKET, 2010 & 2015

FIGURE 19   US BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 20   FLUCTUATION IN CRUDE OIL PRICES IN UNITED STATES, 2014-2018 ($)

FIGURE 21   US RETAIL PRICE OF GASOLINE 2014-2018

FIGURE 22   CANADA BIO PET MARKET 2018-2026($MILLION)

FIGURE 23   BIO-PLASTIC DEMAND IN EUROPE 2016 (%)

FIGURE 24   UK BIO PET DEMAND IN 2015

FIGURE 25   UK BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 26   GERMANY BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 27   FRANCE BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 28   ITALY BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 29   SPAIN BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 30   ROE BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 31   ASIA PACIFIC BIO-PLASTICS MARKET 2015-2022 (MILLION METRIC TON)

FIGURE 32   ASIA PACIFIC SUGARCANE PRODUCTION, 2014 & 2016

FIGURE 33   ASIA PACIFIC CORN PRODUCTION, IN 2016

FIGURE 34   INDIA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 35   CHINA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 36   JAPAN BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 37   SOUTH KOREA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 38   AUSTRALIA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 39   ROAPAC BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 40   LATIN AMERICA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 41   MENA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 42   AFRICA BIO PET MARKET 2018-2026 ($MILLION)

FIGURE 43   SOUTH AFRICA BIO PET MARKET 2018-2026 ($ MILLION)

FIGURE 44   MARKET SHARE ANALYSIS OF KEY COMPANIES IN BIO PET MARKET- 2017 (%)

  1. GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY APPLICATION 2018-2026
    • BY BOTTLES
    • BY PACKAGING
    • BY AUTOMOTIVES
    • BY FIBRES
    • BY OTHERS
  2. GLOBAL BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET BY GEOGRAPHY 2018-2026
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UNITED KINGDOM (UK)
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MENA
      • AFRICA

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