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Bio-based PET Market By Application, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 502 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713095
The bio-based PET market was valued at $441.3 million in 2021, and is projected to reach $941.4 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

Polyethylene Terephthalate is a resin, which is made by the combination of two monomers, purified terephthalic acid and modified Ethylene Glycol, to form a polymer called Polyethylene Terephthalate by esterification reaction. It is mainly used in production of synthetic fibers, bottles, etc. It is tough and temperature resistant. The main difference between PET and Bio-based PET is that the former uses non-biodegradable material in formation of PET and latter uses biodegradable material for producing the resultant polymer.

Bio-based polyethylene terephthalate is made from MEG (monoethylene glycol), a product made from sugarcane ethanol, and refined PTA (terephthalic acid), a chemical-based product made from crude oil. Bio-based polyethylene terephthalate is used in the packaging of food, soft and alcoholic beverages, cosmetics, pharmaceuticals and edible oils due to its lightweight and biodegradable properties. Bio-based polyethylene terephthalate is also used to make automotive interiors, bottles, building materials, packaging and electronics. The increasing trend of using environmentally friendly products around the world and stringent environmental regulations encouraging the use of bio-friendly products in industry have increased the demand for polyethylene terephthalate bio-based materials.

The growth of bio-based Polyethylene Terephthalate market is expected to be geared up due to its increasing demand in various industries such as food & beverages, and stringent regulatory framework to reduce carbon emission. Government initiatives to promote the use of biodegradable products make way for the use of Bio based Polyethylene Terephthalate materials. Furthermore, advancement in technology & research and shifting focus towards the use of green plastics is expected to fuel the growth of Bio based Polyethylene Terephthalate market. Primarily due to the lightweight and biodegradable nature of Bio based Polyethylene Terephthalate, the market is expected to fuel the automotive, bottling and packaging industry.

The bio-based PET market is segmented on the basis of application, end use industry, and region. On the basis of application, the market is categorized into beverages, sheet & films, consumer goods, food packaging, and others. On the basis of end use industry, the market is categorized into packaging, electrical & electronics, automotive, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The report further covers strategies adopted by key players to sustain the competitive environment and increase their market share. In addition, the report covers profiles of key industry participants, such as Amyris, Anellotech Inc., Biome Bioplastics, Braskem, DAIKIN, Gevo Inc., Indorama Ventures Public Company Limited, Kuraray Co., Ltd., M&G Chemicals, NatureWorks LLC, Novamont S.p.A, Plastipak Holdings, Inc., PTT Global Chemical Public Company Limited, Solvay, Teijin Limited, Toray Industries Inc, Toyota Tsusho Corporation, Total Energies.

To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, key strategies adopted by potential market leaders, such as expansion, mergers, and acquisition to facilitate effective planning are discussed under the scope of the report.

COVID-19 impact analysis on the global bio-based PET market.

The rapid spread of corona virus pandemic reduced the application of any new plastic bags including biodegradable bags. Consumers are bringing their old fabric and plastic bags, and retail shops and small stores are not providing new plastic bags to prevent further spread. Prior to COVID-19 breakdown, a large number of multinationals such as Danone, Coca-Cola, and Nestlé promised to adopt biodegradable plastics under pressure from activists and consumers. However, after COVID-19 outbreak governments across different countries made several changes in their regulations regarding disposable and single use plastics to prevent further spread of the virus. For instance, the State of Maine postponed its ban on plastic bags until January 2021; thus, negatively impacting the market growth.In addition, supply chain disruptions due to irregular transport led to increasing lead time of raw materials, such as corn starch; thus, delaying the entire product process. For instance, according to a report by business standard, the corn starch consumption has reduced by 50% from 400,000 tons to 200,000 tons. As China started production in limited capacity, the material price for biodegradable plastic is expected to increase. Industry players are focusing to extend the lead time to avoid such high material price. The market is recovering from the impact of COVID-19. Due to the eco-friendly nature and superior properties than traditional PET, bio-based PET has witnessed a tremendous demand from various industries like packaging, consumer electronics, automotive, construction, agriculture & horticulture, coatings, rigid packaging, flexible packaging, and various other sectors. In food packaging, the biodegradable packaging can be used for modified atmosphere packaging, active packaging system, and edible packaging for different high-quality food products to enhance their shelf-life. The construction industry has also stimulated the growth of bio-based PET. For instance, Asphalt is widely used in road pavement construction as the binder of aggregates. However, it is well recognized that asphalt mixture or coating layer shows severe temperature susceptibility such as high temperature rutting, medium temperature fatigue and low temperature cracking damage. Substitutions technique for asphalt in pavements, including the hot mix and the cold mix by polymers such as PET, is put into practice for the improvement of rutting resistance, thermal cracking, fatigue damage, stripping, and temperature susceptibility. Key players in the bio-based PET market are entering into strategic alliances in order to cater to the growing demand for sustainable packaging products. Thus, strategic alliances by key manufacturers in the packaging industry are a major trend witnessed in the market. Bioplastics are materials derived from plant sources that are broken down by microorganisms into water, natural gas and biomass. Bio-based PET, polylactic acid (PLA), polybutylene succinate (PBS), starch-based plastics, and polyolefin elastomers (PE) are examples of bioplastics. Demand for these bioplastics is increasing due to their many advantages over fossil-based packaging materials. Compared to fossil-based plastics, bioplastics have a longer shelf life, are more breathable (essential for vegetable and fruit packaging), and are more compostable and renewable. With these advantages, the demand for bioplastics in the bio-based PET market is increasing worldwide. terephthalate around the world.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bio-based PET market analysis from 2021 to 2031 to identify the prevailing bio-based PET market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the bio-based PET market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global bio-based PET market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Beverages
  • Type
  • Alcoholic
  • Non-alcoholic
  • Sheet and Films
  • Consumer Goods
  • Food Packaging
  • Others

By End Use Industry

  • Packaging
  • Electrical and Electronics
  • Automotive
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Saudi Arabia
  • Rest Of LAMEA

Key Market Players

  • Amyris
  • Total Energies
  • Toyota Tsusho Corporation
  • TORAY INDUSTRIES INC
  • Anellotech Inc.
  • TEIJIN LIMITED
  • solvay
  • PTT Global Chemical Public Company Limited
  • ptt global chemical public company limited
  • Plastipak Holdings, Inc.
  • Novamont S.p.A
  • NatureWorks LLC
  • M&G Chemicals
  • KURARAY CO., LTD.
  • Indorama Ventures Public Company Limited
  • Gevo Inc.
  • Biome Bioplastics
  • Braskem S.A.
  • Daikin Industries Ltd.
Frequently Asked Questions about the Bio-Based PET Market

What is the estimated value of the Bio-Based PET Market?

The Bio-Based PET Market was estimated to be valued at $441.3 million in 2021.

What is the growth rate of the Bio-Based PET Market?

The growth rate of the Bio-Based PET Market is 7.9%, with an estimated value of $941.4 million by 2031.

What is the forecasted size of the Bio-Based PET Market?

The Bio-Based PET Market is estimated to be worth $941.4 million by 2031.

Who are the key companies in the Bio-Based PET Market?

Key companies in the Bio-Based PET Market include Amyris, Total Energies, Toyota Tsusho Corporation, TORAY INDUSTRIES INC, Anellotech Inc., TEIJIN LIMITED, solvay, PTT Global Chemical Public Company Limited and Plastipak Holdings, Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape

CHAPTER 4: BIO-BASED PET MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Beverages
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Beverages Bio-based PET Market by Type
4.2.4.1 Alcoholic Market size and forecast, by region
4.2.4.2 Alcoholic Market size and forecast, by country
4.2.4.3 Non-alcoholic Market size and forecast, by region
4.2.4.4 Non-alcoholic Market size and forecast, by country
4.3 Sheet and Films
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Consumer Goods
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Food Packaging
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country

CHAPTER 5: BIO-BASED PET MARKET, BY END USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Packaging
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Electrical and Electronics
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Automotive
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: BIO-BASED PET MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.2.1 North America Beverages Bio-based PET Market by Type
6.2.3 North America Market size and forecast, by End Use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.1.1 U.S. Beverages Bio-based PET Market by Type
6.2.4.1.2 Market size and forecast, by End Use Industry
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.1.1 Canada Beverages Bio-based PET Market by Type
6.2.4.2.2 Market size and forecast, by End Use Industry
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.1.1 Mexico Beverages Bio-based PET Market by Type
6.2.4.3.2 Market size and forecast, by End Use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.2.1 Europe Beverages Bio-based PET Market by Type
6.3.3 Europe Market size and forecast, by End Use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.1.1 Germany Beverages Bio-based PET Market by Type
6.3.4.1.2 Market size and forecast, by End Use Industry
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.1.1 France Beverages Bio-based PET Market by Type
6.3.4.2.2 Market size and forecast, by End Use Industry
6.3.4.3 Italy
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.1.1 Italy Beverages Bio-based PET Market by Type
6.3.4.3.2 Market size and forecast, by End Use Industry
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.1.1 Spain Beverages Bio-based PET Market by Type
6.3.4.4.2 Market size and forecast, by End Use Industry
6.3.4.5 UK
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.1.1 UK Beverages Bio-based PET Market by Type
6.3.4.5.2 Market size and forecast, by End Use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Application
6.3.4.6.1.1 Rest of Europe Beverages Bio-based PET Market by Type
6.3.4.6.2 Market size and forecast, by End Use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.2.1 Asia-Pacific Beverages Bio-based PET Market by Type
6.4.3 Asia-Pacific Market size and forecast, by End Use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.1.1 China Beverages Bio-based PET Market by Type
6.4.4.1.2 Market size and forecast, by End Use Industry
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.1.1 Japan Beverages Bio-based PET Market by Type
6.4.4.2.2 Market size and forecast, by End Use Industry
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.1.1 India Beverages Bio-based PET Market by Type
6.4.4.3.2 Market size and forecast, by End Use Industry
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.1.1 South Korea Beverages Bio-based PET Market by Type
6.4.4.4.2 Market size and forecast, by End Use Industry
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.1.1 Rest of Asia-Pacific Beverages Bio-based PET Market by Type
6.4.4.5.2 Market size and forecast, by End Use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.2.1 LAMEA Beverages Bio-based PET Market by Type
6.5.3 LAMEA Market size and forecast, by End Use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.1.1 Brazil Beverages Bio-based PET Market by Type
6.5.4.1.2 Market size and forecast, by End Use Industry
6.5.4.2 Argentina
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.1.1 Argentina Beverages Bio-based PET Market by Type
6.5.4.2.2 Market size and forecast, by End Use Industry
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.1.1 Saudi Arabia Beverages Bio-based PET Market by Type
6.5.4.3.2 Market size and forecast, by End Use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Application
6.5.4.4.1.1 Rest of LAMEA Beverages Bio-based PET Market by Type
6.5.4.4.2 Market size and forecast, by End Use Industry

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 Amyris
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Total Energies
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Toyota Tsusho Corporation
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 TORAY INDUSTRIES INC
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Anellotech Inc.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 TEIJIN LIMITED
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 solvay
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 PTT Global Chemical Public Company Limited
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 ptt global chemical public company limited
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Plastipak Holdings, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Novamont S. p. A
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 NatureWorks LLC
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 M&G Chemicals
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 KURARAY CO., LTD.
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 Indorama Ventures Public Company Limited
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments
8.16 Gevo Inc.
8.16.1 Company overview
8.16.2 Company snapshot
8.16.3 Operating business segments
8.16.4 Product portfolio
8.16.5 Business performance
8.16.6 Key strategic moves and developments
8.17 Biome Bioplastics
8.17.1 Company overview
8.17.2 Company snapshot
8.17.3 Operating business segments
8.17.4 Product portfolio
8.17.5 Business performance
8.17.6 Key strategic moves and developments
8.18 Braskem S. A.
8.18.1 Company overview
8.18.2 Company snapshot
8.18.3 Operating business segments
8.18.4 Product portfolio
8.18.5 Business performance
8.18.6 Key strategic moves and developments
8.19 Daikin Industries Ltd.
8.19.1 Company overview
8.19.2 Company snapshot
8.19.3 Operating business segments
8.19.4 Product portfolio
8.19.5 Business performance
8.19.6 Key strategic moves and developments

List of Tables
Table 1. Global Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 2. Global Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 3. Bio-Based Pet Market, for Beverages, by Region, 2021-2031 ($Million)
Table 4. Bio-Based Pet Market, for Beverages, by Region, 2021-2031 (Tons)
Table 5. Bio-Based Pet Market for Beverages, by Country, 2021-2031 ($Million)
Table 6. Bio-Based Pet Market for Beverages, by Country, 2021-2031 (Tons)
Table 7. Global Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 8. Global Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 9. Bio-Based Pet Market, for Alcoholic, by Region, 2021-2031 ($Million)
Table 10. Bio-Based Pet Market, for Alcoholic, by Region, 2021-2031 (Tons)
Table 11. Bio-Based Pet Market, for Alcoholic, by Country, 2021-2031 ($Million)
Table 12. Bio-Based Pet Market, for Alcoholic, by Country, 2021-2031 (Tons)
Table 13. Bio-Based Pet Market, for Non-Alcoholic, by Region, 2021-2031 ($Million)
Table 14. Bio-Based Pet Market, for Non-Alcoholic, by Region, 2021-2031 (Tons)
Table 15. Bio-Based Pet Market, for Non-Alcoholic, by Country, 2021-2031 ($Million)
Table 16. Bio-Based Pet Market, for Non-Alcoholic, by Country, 2021-2031 (Tons)
Table 17. Bio-Based Pet Market, for Sheet and Films, by Region, 2021-2031 ($Million)
Table 18. Bio-Based Pet Market, for Sheet and Films, by Region, 2021-2031 (Tons)
Table 19. Bio-Based Pet Market for Sheet and Films, by Country, 2021-2031 ($Million)
Table 20. Bio-Based Pet Market for Sheet and Films, by Country, 2021-2031 (Tons)
Table 21. Bio-Based Pet Market, for Consumer Goods, by Region, 2021-2031 ($Million)
Table 22. Bio-Based Pet Market, for Consumer Goods, by Region, 2021-2031 (Tons)
Table 23. Bio-Based Pet Market for Consumer Goods, by Country, 2021-2031 ($Million)
Table 24. Bio-Based Pet Market for Consumer Goods, by Country, 2021-2031 (Tons)
Table 25. Bio-Based Pet Market, for Food Packaging, by Region, 2021-2031 ($Million)
Table 26. Bio-Based Pet Market, for Food Packaging, by Region, 2021-2031 (Tons)
Table 27. Bio-Based Pet Market for Food Packaging, by Country, 2021-2031 ($Million)
Table 28. Bio-Based Pet Market for Food Packaging, by Country, 2021-2031 (Tons)
Table 29. Bio-Based Pet Market, for Others, by Region, 2021-2031 ($Million)
Table 30. Bio-Based Pet Market, for Others, by Region, 2021-2031 (Tons)
Table 31. Bio-Based Pet Market for Others, by Country, 2021-2031 ($Million)
Table 32. Bio-Based Pet Market for Others, by Country, 2021-2031 (Tons)
Table 33. Global Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 34. Global Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 35. Bio-Based Pet Market, for Packaging, by Region, 2021-2031 ($Million)
Table 36. Bio-Based Pet Market, for Packaging, by Region, 2021-2031 (Tons)
Table 37. Bio-Based Pet Market for Packaging, by Country, 2021-2031 ($Million)
Table 38. Bio-Based Pet Market for Packaging, by Country, 2021-2031 (Tons)
Table 39. Bio-Based Pet Market, for Electrical and Electronics, by Region, 2021-2031 ($Million)
Table 40. Bio-Based Pet Market, for Electrical and Electronics, by Region, 2021-2031 (Tons)
Table 41. Bio-Based Pet Market for Electrical and Electronics, by Country, 2021-2031 ($Million)
Table 42. Bio-Based Pet Market for Electrical and Electronics, by Country, 2021-2031 (Tons)
Table 43. Bio-Based Pet Market, for Automotive, by Region, 2021-2031 ($Million)
Table 44. Bio-Based Pet Market, for Automotive, by Region, 2021-2031 (Tons)
Table 45. Bio-Based Pet Market for Automotive, by Country, 2021-2031 ($Million)
Table 46. Bio-Based Pet Market for Automotive, by Country, 2021-2031 (Tons)
Table 47. Bio-Based Pet Market, for Others, by Region, 2021-2031 ($Million)
Table 48. Bio-Based Pet Market, for Others, by Region, 2021-2031 (Tons)
Table 49. Bio-Based Pet Market for Others, by Country, 2021-2031 ($Million)
Table 50. Bio-Based Pet Market for Others, by Country, 2021-2031 (Tons)
Table 51. Bio-Based Pet Market, by Region, 2021-2031 ($Million)
Table 52. Bio-Based Pet Market, by Region, 2021-2031 (Tons)
Table 53. North America Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 54. North America Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 55. North America Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 56. North America Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 57. North America Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 58. North America Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 59. North America Bio-Based Pet Market, by Country, 2021-2031 ($Million)
Table 60. North America Bio-Based Pet Market, by Country, 2021-2031 (Tons)
Table 61. U.S. Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 62. U.S. Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 63. U.S. Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 64. U.S. Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 65. U.S. Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 66. U.S. Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 67. Canada Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 68. Canada Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 69. Canada Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 70. Canada Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 71. Canada Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 72. Canada Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 73. Mexico Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 74. Mexico Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 75. Mexico Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 76. Mexico Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 77. Mexico Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 78. Mexico Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 79. Europe Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 80. Europe Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 81. Europe Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 82. Europe Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 83. Europe Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 84. Europe Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 85. Europe Bio-Based Pet Market, by Country, 2021-2031 ($Million)
Table 86. Europe Bio-Based Pet Market, by Country, 2021-2031 (Tons)
Table 87. Germany Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 88. Germany Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 89. Germany Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 90. Germany Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 91. Germany Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 92. Germany Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 93. France Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 94. France Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 95. France Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 96. France Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 97. France Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 98. France Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 99. Italy Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 100. Italy Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 101. Italy Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 102. Italy Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 103. Italy Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 104. Italy Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 105. Spain Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 106. Spain Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 107. Spain Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 108. Spain Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 109. Spain Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 110. Spain Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 111. UK Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 112. UK Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 113. UK Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 114. UK Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 115. UK Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 116. UK Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 117. Rest of Europe Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 118. Rest of Europe Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 119. Rest of Europe Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 120. Rest of Europe Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 121. Rest of Europe Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 122. Rest of Europe Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 123. Asia-Pacific Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 124. Asia-Pacific Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 125. Asia-Pacific Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 126. Asia-Pacific Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 127. Asia-Pacific Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 128. Asia-Pacific Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 129. Asia-Pacific Bio-Based Pet Market, by Country, 2021-2031 ($Million)
Table 130. Asia-Pacific Bio-Based Pet Market, by Country, 2021-2031 (Tons)
Table 131. China Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 132. China Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 133. China Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 134. China Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 135. China Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 136. China Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 137. Japan Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 138. Japan Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 139. Japan Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 140. Japan Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 141. Japan Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 142. Japan Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 143. India Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 144. India Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 145. India Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 146. India Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 147. India Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 148. India Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 149. South Korea Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 150. South Korea Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 151. South Korea Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 152. South Korea Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 153. South Korea Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 154. South Korea Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 155. Rest of Asia-Pacific Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 156. Rest of Asia-Pacific Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 157. Rest of Asia-Pacific Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 158. Rest of Asia-Pacific Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 159. Rest of Asia-Pacific Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 160. Rest of Asia-Pacific Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 161. LAMEA Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 162. LAMEA Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 163. LAMEA Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 164. LAMEA Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 165. LAMEA Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 166. LAMEA Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 167. LAMEA Bio-Based Pet Market, by Country, 2021-2031 ($Million)
Table 168. LAMEA Bio-Based Pet Market, by Country, 2021-2031 (Tons)
Table 169. Brazil Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 170. Brazil Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 171. Brazil Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 172. Brazil Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 173. Brazil Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 174. Brazil Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 175. Argentina Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 176. Argentina Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 177. Argentina Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 178. Argentina Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 179. Argentina Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 180. Argentina Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 181. Saudi Arabia Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 182. Saudi Arabia Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 183. Saudi Arabia Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 184. Saudi Arabia Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 185. Saudi Arabia Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 186. Saudi Arabia Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 187. Rest of LAMEA Bio-Based Pet Market, by Application, 2021-2031 ($Million)
Table 188. Rest of LAMEA Bio-Based Pet Market, by Application, 2021-2031 (Tons)
Table 189. Rest of LAMEA Beverages Bio-Based Pet Market, by Type, 2021-2031 ($Million)
Table 190. Rest of LAMEA Beverages Bio-Based Pet Market, by Type, 2021-2031 (Tons)
Table 191. Rest of LAMEA Bio-Based Pet Market, by End Use Industry, 2021-2031 ($Million)
Table 192. Rest of LAMEA Bio-Based Pet Market, by End Use Industry, 2021-2031 (Tons)
Table 193. Amyris: Company Snapshot
Table 194. Amyris: Operating Segments
Table 195. Amyris: Product Portfolio
Table 196. Amyris: Net Sales,
Table 197. Amyris: Key Strategies
Table 198. Total Energies: Company Snapshot
Table 199. Total Energies: Operating Segments
Table 200. Total Energies: Product Portfolio
Table 201. Total Energies: Net Sales,
Table 202. Total Energies: Key Strategies
Table 203. Toyota Tsusho Corporation: Company Snapshot
Table 204. Toyota Tsusho Corporation: Operating Segments
Table 205. Toyota Tsusho Corporation: Product Portfolio
Table 206. Toyota Tsusho Corporation: Net Sales,
Table 207. Toyota Tsusho Corporation: Key Strategies
Table 208. Toray Industries Inc: Company Snapshot
Table 209. Toray Industries Inc: Operating Segments
Table 210. Toray Industries Inc: Product Portfolio
Table 211. Toray Industries Inc: Net Sales,
Table 212. Toray Industries Inc: Key Strategies
Table 213. Anellotech Inc.: Company Snapshot
Table 214. Anellotech Inc.: Operating Segments
Table 215. Anellotech Inc.: Product Portfolio
Table 216. Anellotech Inc.: Net Sales,
Table 217. Anellotech Inc.: Key Strategies
Table 218. Teijin Limited: Company Snapshot
Table 219. Teijin Limited: Operating Segments
Table 220. Teijin Limited: Product Portfolio
Table 221. Teijin Limited: Net Sales,
Table 222. Teijin Limited: Key Strategies
Table 223. Solvay: Company Snapshot
Table 224. Solvay: Operating Segments
Table 225. Solvay: Product Portfolio
Table 226. Solvay: Net Sales,
Table 227. Solvay: Key Strategies
Table 228. Ptt Global Chemical Public Company Limited: Company Snapshot
Table 229. Ptt Global Chemical Public Company Limited: Operating Segments
Table 230. Ptt Global Chemical Public Company Limited: Product Portfolio
Table 231. Ptt Global Chemical Public Company Limited: Net Sales,
Table 232. Ptt Global Chemical Public Company Limited: Key Strategies
Table 233. Ptt Global Chemical Public Company Limited: Company Snapshot
Table 234. Ptt Global Chemical Public Company Limited: Operating Segments
Table 235. Ptt Global Chemical Public Company Limited: Product Portfolio
Table 236. Ptt Global Chemical Public Company Limited: Net Sales,
Table 237. Ptt Global Chemical Public Company Limited: Key Strategies
Table 238. Plastipak Holdings, Inc.: Company Snapshot
Table 239. Plastipak Holdings, Inc.: Operating Segments
Table 240. Plastipak Holdings, Inc.: Product Portfolio
Table 241. Plastipak Holdings, Inc.: Net Sales,
Table 242. Plastipak Holdings, Inc.: Key Strategies
Table 243. Novamont S.P.A: Company Snapshot
Table 244. Novamont S.P.A: Operating Segments
Table 245. Novamont S.P.A: Product Portfolio
Table 246. Novamont S.P.A: Net Sales,
Table 247. Novamont S.P.A: Key Strategies
Table 248. Natureworks LLC: Company Snapshot
Table 249. Natureworks LLC: Operating Segments
Table 250. Natureworks LLC: Product Portfolio
Table 251. Natureworks LLC: Net Sales,
Table 252. Natureworks LLC: Key Strategies
Table 253. M&G Chemicals: Company Snapshot
Table 254. M&G Chemicals: Operating Segments
Table 255. M&G Chemicals: Product Portfolio
Table 256. M&G Chemicals: Net Sales,
Table 257. M&G Chemicals: Key Strategies
Table 258. Kuraray Co., Ltd.: Company Snapshot
Table 259. Kuraray Co., Ltd.: Operating Segments
Table 260. Kuraray Co., Ltd.: Product Portfolio
Table 261. Kuraray Co., Ltd.: Net Sales,
Table 262. Kuraray Co., Ltd.: Key Strategies
Table 263. Indorama Ventures Public Company Limited: Company Snapshot
Table 264. Indorama Ventures Public Company Limited: Operating Segments
Table 265. Indorama Ventures Public Company Limited: Product Portfolio
Table 266. Indorama Ventures Public Company Limited: Net Sales,
Table 267. Indorama Ventures Public Company Limited: Key Strategies
Table 268. Gevo Inc.: Company Snapshot
Table 269. Gevo Inc.: Operating Segments
Table 270. Gevo Inc.: Product Portfolio
Table 271. Gevo Inc.: Net Sales,
Table 272. Gevo Inc.: Key Strategies
Table 273. Biome Bioplastics: Company Snapshot
Table 274. Biome Bioplastics: Operating Segments
Table 275. Biome Bioplastics: Product Portfolio
Table 276. Biome Bioplastics: Net Sales,
Table 277. Biome Bioplastics: Key Strategies
Table 278. Braskem S.A.: Company Snapshot
Table 279. Braskem S.A.: Operating Segments
Table 280. Braskem S.A.: Product Portfolio
Table 281. Braskem S.A.: Net Sales,
Table 282. Braskem S.A.: Key Strategies
Table 283. Daikin Industries Ltd.: Company Snapshot
Table 284. Daikin Industries Ltd.: Operating Segments
Table 285. Daikin Industries Ltd.: Product Portfolio
Table 286. Daikin Industries Ltd.: Net Sales,
Table 287. Daikin Industries Ltd.: Key Strategies

List of Figures
Figure 1. Bio-Based Pet Market Segmentation
Figure 2. Bio-Based Pet Market, 2021-2031
Figure 3. Bio-Based Pet Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Bio-Based Pet Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Bio-Based Pet Market, By Application, 2021(%)
Figure 18. Comparative Share Analysis of Beverages Bio-Based Pet Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Sheet and Films Bio-Based Pet Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Consumer Goods Bio-Based Pet Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Food Packaging Bio-Based Pet Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others Bio-Based Pet Market, 2021-2031(%)
Figure 23. Bio-Based Pet Market, By End Use Industry, 2021(%)
Figure 24. Comparative Share Analysis of Packaging Bio-Based Pet Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Electrical and Electronics Bio-Based Pet Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Automotive Bio-Based Pet Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Others Bio-Based Pet Market, 2021-2031(%)
Figure 28. Bio-Based Pet Market by Region, 2021
Figure 29. U.S. Bio-Based Pet Market, 2021-2031($Million)
Figure 30. Canada Bio-Based Pet Market, 2021-2031($Million)
Figure 31. Mexico Bio-Based Pet Market, 2021-2031($Million)
Figure 32. Germany Bio-Based Pet Market, 2021-2031($Million)
Figure 33. France Bio-Based Pet Market, 2021-2031($Million)
Figure 34. Italy Bio-Based Pet Market, 2021-2031($Million)
Figure 35. Spain Bio-Based Pet Market, 2021-2031($Million)
Figure 36. Uk Bio-Based Pet Market, 2021-2031($Million)
Figure 37. Rest of Europe Bio-Based Pet Market, 2021-2031($Million)
Figure 38. China Bio-Based Pet Market, 2021-2031($Million)
Figure 39. Japan Bio-Based Pet Market, 2021-2031($Million)
Figure 40. India Bio-Based Pet Market, 2021-2031($Million)
Figure 41. South Korea Bio-Based Pet Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Bio-Based Pet Market, 2021-2031($Million)
Figure 43. Brazil Bio-Based Pet Market, 2021-2031($Million)
Figure 44. Argentina Bio-Based Pet Market, 2021-2031($Million)
Figure 45. Saudi Arabia Bio-Based Pet Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Bio-Based Pet Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Amyri.: Net Sales, ($Million)
Figure 54. Total Energie.: Net Sales, ($Million)
Figure 55. Toyota Tsusho Corporatio.: Net Sales, ($Million)
Figure 56. Toray Industries In.: Net Sales, ($Million)
Figure 57. Anellotech Inc.: Net Sales, ($Million)
Figure 58. Teijin Limite.: Net Sales, ($Million)
Figure 59. Solva.: Net Sales, ($Million)
Figure 60. Ptt Global Chemical Public Company Limite.: Net Sales, ($Million)
Figure 61. Ptt Global Chemical Public Company Limite.: Net Sales, ($Million)
Figure 62. Plastipak Holdings, Inc.: Net Sales, ($Million)
Figure 63. Novamont S.P..: Net Sales, ($Million)
Figure 64. Natureworks LL.: Net Sales, ($Million)
Figure 65. M&G Chemical.: Net Sales, ($Million)
Figure 66. Kuraray Co. Ltd.: Net Sales, ($Million)
Figure 67. Indorama Ventures Public Company Limite.: Net Sales, ($Million)
Figure 68. Gevo Inc.: Net Sales, ($Million)
Figure 69. Biome Bioplastic.: Net Sales, ($Million)
Figure 70. Braskem S.A.: Net Sales, ($Million)
Figure 71. Daikin Industries Ltd.: Net Sales, ($Million)

Executive Summary

According to the report, “Bio-based PET Market," the bio-based PET market size was valued at $441.3 million in 2021, and bio-based PET industry is estimated to reach $941.4 million by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

A bio-based PET is made from ethylene glycol derived from plant sources such as sugar, molasses, and corn, and it contains 25-30% mono-ethylene glycol (MEG) and terephthalic acid. Recyclability, non-toxicity, a lower carbon footprint, and great shatter resistance are all features of bio-based PET.

The global bio-based PET market is being driven by the rise in adoption of green, secure, and bio-based products to protect the environment and human health. The shifting price of products made from petroleum and its derivatives is another significant factor influencing the global market. The risky nature of conventional plastics and advantageous regulatory restrictions are further factors driving the global bio-based PET market. In addition, a key driver of market expansion is the rise in demand for ecologically friendly packaging across a range of end-use industries, including food & beverage, automotive, electrical & electronics, consumer appliances, and others.

Environmental factors that urge a paradigm shift are anticipated to boost demand for bio-based PET during the anticipated forecast period. An emphasis on renewable energy sources is predicted to assist in market expansion in the future. The Asia-Pacific region dominated the global market, closely followed by North America. Therefore, Asia-Pacific is expected to increase at the fastest rate. The expanding environmental safety concerns and fast industrialization are driving demand for a bio-based PET.

On the basis of application, the beverage packaging segment plays a crucial role in the overall growth of the beverages industry. There are numerous types of beverages each are packaged using varied materials and in different sizes. This is a key factor responsible for the growth of the beverage packaging market across the globe.

Depending upon end use industry, the packaging segment is expected to dominate the market in the next few years. The packaging sector proposals maximum market potential in the PET, due to the rise in demand for PET materials for well-organized & eco-friendly packaging replacements globally. It also proposals a rise in demand for packed and processed food. Also, a rise in the leaning of customers toward effective and effortlessly recyclable beverage vessels & growth in use as an eco-friendly alternative further boost the development of this sector.

Among different regions, due to the availability of raw materials, affordable production, and industrial development in the region, Asia-Pacific is the region with the quickest rate of growth in the worldwide bio-based PET market. China and India, two emerging nations, produce and export consumer goods and vehicles, which has accelerated market expansion in the Asia-Pacific area. On January 11, 2022, Indorama Ventures put forward a purchase offer for NN, a Vietnamese PET converter. NN shares are currently being purchased by the corporation. The intended acquisition will assist IVL in strengthening its position in the packaging business in fast-expanding Asia-Pacific markets.

The bio-based PET market is segmented on the basis of application, end use industry, and region. Depending on application, the market is categorized into beverages, sheet & films, consumer goods, food packaging, and others. On the basis of end use industry, the market is categorized into packaging, electrical & electronics, automotive, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global bio-based PET market include, Amyris, Anellotech Inc., Biome Bioplastics, Braskem, DAIKIN, Gevo Inc., Indorama Ventures Public Company Limited, Kuraray Co., Ltd., M&G Chemicals, NatureWorks LLC, Novamont S.p.A, Plastipak Holdings, Inc., PTT Global Chemical Public Company Limited, Solvay, Teijin Limited, Toray Industries Inc, Toyota Tsusho Corporation, Total Energies.

Key Findings of the Study

  • By application, the beverages segment emerged as the global leader with more than 52.5% share in 2020.
  • By end use industry, the packaging segment dominated the global bio-based PET market with around 48.7% global market share in 2021.
  • By region, Asia-Pacific dominated the market with highest revenue share in 2021 and is expected to continue its dominance during the forecast period.
  • COVID-19 impact analysis on the global bio-based PET market
  • The rapid spread of corona virus pandemic reduced the application of any new plastic bags including biodegradable bags. Consumers are bringing their old fabric and plastic bags, and retail shops and small stores are not providing new plastic bags to prevent further spread. Prior to COVID-19 breakdown, a large number of multinationals such as Danone, Coca-Cola, and Nestlé promised to adopt biodegradable plastics under pressure from activists and consumers. However, after COVID-19 outbreak governments across different countries made several changes in their regulations regarding disposable and single use plastics to prevent further spread of the virus.
  • For instance, the State of Maine postponed its ban on plastic bags until January 2021; thus, negatively impacting the market growth.In addition, supply chain disruptions due to irregular transport led to increasing lead time of raw materials, such as corn starch; thus, delaying the entire product process. For instance, according to a report by business standard, the corn starch consumption has reduced by 50% from 400,000 tons to 200,000 tons. As China started production in limited capacity, the material price for biodegradable plastic is expected to increase. Industry players are focusing to extend the lead time to avoid such high material price. The market is recovering from the impact of COVID-19.

Companies Mentioned

  • Amyris
  • Total Energies
  • Toyota Tsusho Corporation
  • TORAY INDUSTRIES INC
  • Anellotech Inc.
  • TEIJIN LIMITED
  • solvay
  • PTT Global Chemical Public Company Limited
  • ptt global chemical public company limited
  • Plastipak Holdings, Inc.
  • Novamont S.p.A
  • NatureWorks LLC
  • M&G Chemicals
  • KURARAY CO., LTD.
  • Indorama Ventures Public Company Limited
  • Gevo Inc.
  • Biome Bioplastics
  • Braskem S.A.
  • Daikin Industries Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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