Bio-Based Polyethylene Terephthalate Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 2.73 Billion
CAGR (2026-2031)	10.09%
Fastest Growing Segment	Food & Beverages
Largest Market	North America
Market Size (2031)	USD 4.86 Billion

Market Overview

The Global Bio-Based Polyethylene Terephthalate Market will grow from USD 2.73 Billion in 2025 to USD 4.86 Billion by 2031 at a 10.09% CAGR. Bio-Based Polyethylene Terephthalate (Bio-PET) is a renewable polymer resin derived partially or fully from biomass sources such as sugarcane, retaining the same chemical and physical properties as conventional fossil-based PET. The market is primarily driven by the escalating global demand for sustainable packaging solutions and the strategic shift of major consumer brands toward lowering their carbon footprints to meet environmental goals. These drivers are further reinforced by government mandates aiming to reduce reliance on non-renewable resources, which encourages the adoption of bio-based alternatives in the bottling and textile industries.

However, the sector encounters a significant challenge regarding the economic viability and utilization rates of production facilities compared to established petrochemical counterparts. According to European Bioplastics, in 2024, the packaging sector remained the largest market segment, accounting for 45 percent or 1.12 million tonnes of the total global bioplastics market. Despite this strong positioning in packaging, high production costs and the complexity of securing consistent renewable feedstock at a competitive price continue to impede the rapid, widespread expansion of Bio-PET capacities.

Key Market Drivers

The implementation of stringent government regulations on single-use plastics is a paramount driver shaping the Global Bio-Based Polyethylene Terephthalate Market. Legislative bodies are increasingly enforcing mandates that cap fossil-based plastic production and incentivize the adoption of renewable alternatives to mitigate environmental impact. For instance, according to the Ministry of the Environment (Japan), in its roadmap updated in January 2025, the government has set a definitive target to introduce approximately 2 million tons of bio-based plastic products by 2030. Such policy frameworks provide a guaranteed market for bio-based resins, forcing manufacturers to scale production capacity to meet compliance standards. According to European Bioplastics, in December 2024, the global bioplastics production capacity is projected to grow from 2.47 million tonnes in 2024 to approximately 5.73 million tonnes by 2029, a direct response to this regulatory momentum.

Corporate commitments to carbon neutrality and ESG goals act as the second critical catalyst, stimulating demand for Bio-PET as a direct substitute for virgin PET in packaging and textiles. Major multinational brands are aggressively transitioning their supply chains toward renewable feedstocks to achieve net-zero pledges and satisfy consumer preference for sustainable products. According to Suntory Group, as of 2025, the company has committed to switching its entire global portfolio of PET bottles to 100 percent sustainable materials, utilizing solely recycled or bio-based content by 2030. This strategic shift by industry leaders not only validates the commercial viability of Bio-PET but also drives the necessary investment in upstream biomass processing infrastructure to ensure stable, large-scale supply.

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Key Market Challenges

The Global Bio-Based Polyethylene Terephthalate Market faces a significant hurdle regarding the economic viability and utilization rates of production facilities. Manufacturers struggle with high operational costs attributed to the complexity of securing consistent renewable feedstock at competitive prices. This financial disparity makes it difficult for bio-based resins to achieve price parity with established petrochemical counterparts, often forcing plants to run well below their designed capabilities. When production facilities cannot operate at optimal levels, companies fail to realize essential economies of scale, which further erodes profit margins and discourages the capital investment necessary for capacity expansion.

This inefficiency effectively stalls market growth by maintaining high unit costs that limit widespread adoption. According to European Bioplastics, in 2024, the bioplastics industry operated at an average utilization rate of 58 percent, producing only 1.44 million tonnes against a total installed capacity of 2.47 million tonnes. This substantial gap between potential and actual output underscores the severity of the economic headwinds. Such underutilization indicates that despite rising demand for sustainable options, the cost and supply chain structures are not yet robust enough to support full-scale production, directly impeding the rapid proliferation of Bio-PET in the global marketplace.

Key Market Trends

The transition from partially to fully bio-based PET is redefining the industry's technological capabilities, moving beyond the standard 30 percent bio-content threshold. Innovations in synthesizing bio-paraxylene now enable the production of bio-terephthalic acid, allowing manufacturers to replace the remaining fossil-based components and achieve a 100 percent renewable polymer profile. This development is crucial for closing the carbon loop without compromising the recyclability or performance of the final product. A testament to this commercial viability, according to Suntory Group, October 2024, the company successfully launched the world's first PET bottles utilizing bio-paraxylene derived from used cooking oil, producing an initial batch of approximately 45 million bottles for the Japanese market.

The expansion into high-performance textile and automotive interior applications is actively diversifying the utility of bio-based resins beyond standard packaging. Manufacturers are engineering specialized bio-polyester fibers that mimic the tactile properties of natural wool and silk, effectively targeting the sustainable fashion and functional apparel sectors. This shift allows producers to capture higher value-added segments where consumers are increasingly prioritizing eco-friendly material provenance. Validating this growth, according to Teijin Frontier, September 2024, the company announced a strategic upgrade to its Thailand manufacturing plant to raise the production capacity of its wool-like conjugate filaments to 700 tons per year by fiscal 2025.

Segmental Insights

The Food and Beverages segment represents the fastest-growing category within the Global Bio-Based Polyethylene Terephthalate Market due to rising environmental awareness. This expansion is fueled by the aggressive sustainability targets of multinational beverage corporations seeking to replace conventional plastics with renewable alternatives. Regulatory frameworks from organizations such as the European Commission further encourage this shift by mandating strict reductions in carbon emissions and plastic waste. Consequently, the ability of bio-based materials to integrate seamlessly into existing recycling streams while maintaining product safety drives their rapid adoption for bottling and food packaging applications.

Regional Insights

North America dominates the global bio-based polyethylene terephthalate market, driven by a strong shift toward sustainable packaging solutions within the food and beverage sector. This leadership is supported by stringent environmental regulations and initiatives such as the USDA BioPreferred Program, which actively promotes the commercial adoption of renewable materials. Furthermore, the presence of major beverage corporations committed to reducing their carbon footprint accelerates the regional demand for bio-based packaging. This established infrastructure allows North America to maintain a significant position in the adoption of renewable plastic alternatives.

Recent Developments

In October 2024, a major Japanese beverage group, in collaboration with a global sustainable chemical producer and other partners, announced the commercial launch of the world's first polyethylene terephthalate (PET) bottles made from bio-paraxylene derived from used cooking oil. The supply chain involved a renewable fuels producer providing the bio-based feedstock, which was converted into bio-naphtha and subsequently bio-paraxylene, before being processed into PET resin by the chemical manufacturer. These bio-PET bottles were introduced for select beverage products in Japan, marking a significant milestone in reducing carbon emissions and dependence on virgin petroleum-based materials through a mass balance approach.
In October 2024, a Taiwanese textile and material manufacturer showcased its latest sustainable product, a bio-based polyethylene terephthalate known as "Bio3 PET," at the Taipei Innovative Textile Application Show. This innovative material incorporates bio-monoethylene glycol (Bio-MEG) produced from industrial waste gas using carbon capture and utilization technology. The company highlighted that this bio-based PET was selected for the uniforms of the Chinese Taipei team at the Paris Olympics opening ceremony. The development represents a breakthrough in combining biotechnology with textile manufacturing to lower greenhouse gas emissions and offers a sustainable alternative to traditional petrochemical-based polyesters.
In October 2024, a biochemicals producer formed a strategic partnership with a specialty polyester resin manufacturer and a pharmaceutical packaging firm to introduce the world's first pharmaceutical bottles made from partially wood-based polyethylene terephthalate. The bottles utilize bio-monoethylene glycol (Bio-MEG) derived from sustainably sourced hardwood, which is then converted into bio-PET resin. This collaboration aims to support the pharmaceutical industry's transition to sustainable packaging while meeting rigorous regulatory and performance standards. The new bio-based bottles were approved in accordance with European Pharmacopeia standards and offer a reduced carbon footprint compared to conventional fossil-based PET.
In May 2024, a technology company specializing in carbon-negative materials launched the world's first carbonated soft drink PET cap compatible with industry-standard neck finishes at the NPE2024 conference. The company announced that these closures can be manufactured using virgin, recycled, or 100% bio-based polyethylene terephthalate, enabling the creation of fully mono-material beverage packaging. By ensuring that both the bottle and the cap are made from the same material, the innovation significantly enhances recycling circularity and eliminates the need to separate different plastic types. The product also features a lightweight design intended to extend product shelf life.

Key Market Players

Indorama Ventures Public Company Limited
Toray Industries, Inc.
Teijin Limited
Toyota Tsusho Corporation
Braskem S.A.
The Coca-Cola Company
BASF SE
Anellotech, Inc.
Gevo, Inc.
Plastipak Holdings, Inc

By End User	By Application	By Region
Food & Beverages Pharmaceuticals Electronics Cosmetics Homecare Personal Care Automotive Industries	Carry Bags Bottles Tubs Pouches and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Bio-Based Polyethylene Terephthalate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bio-Based Polyethylene Terephthalate Market, By End User:

Food & Beverages
Pharmaceuticals
Electronics
Cosmetics
Homecare
Personal Care
Automotive Industries

Bio-Based Polyethylene Terephthalate Market, By Application:

Carry Bags
Bottles
Tubs
Pouches and Others

Bio-Based Polyethylene Terephthalate Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bio-Based Polyethylene Terephthalate Market.

Available Customizations:

Global Bio-Based Polyethylene Terephthalate Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Bio-Based Polyethylene Terephthalate Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Bio-Based Polyethylene Terephthalate Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By End User (Food & Beverages, Pharmaceuticals, Electronics, Cosmetics, Homecare, Personal Care, Automotive Industries)

5.2.2. By Application (Carry Bags, Bottles, Tubs, Pouches and Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Bio-Based Polyethylene Terephthalate Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By End User

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Bio-Based Polyethylene Terephthalate Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By End User

6.3.1.2.2. By Application

6.3.2. Canada Bio-Based Polyethylene Terephthalate Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By End User

6.3.2.2.2. By Application

6.3.3. Mexico Bio-Based Polyethylene Terephthalate Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By End User

6.3.3.2.2. By Application

7. Europe Bio-Based Polyethylene Terephthalate Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By End User

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Bio-Based Polyethylene Terephthalate Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By End User

7.3.1.2.2. By Application

7.3.2. France Bio-Based Polyethylene Terephthalate Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By End User

7.3.2.2.2. By Application

7.3.3. United Kingdom Bio-Based Polyethylene Terephthalate Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By End User

7.3.3.2.2. By Application

7.3.4. Italy Bio-Based Polyethylene Terephthalate Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By End User

7.3.4.2.2. By Application

7.3.5. Spain Bio-Based Polyethylene Terephthalate Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By End User

7.3.5.2.2. By Application

8. Asia Pacific Bio-Based Polyethylene Terephthalate Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By End User

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Bio-Based Polyethylene Terephthalate Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By End User

8.3.1.2.2. By Application

8.3.2. India Bio-Based Polyethylene Terephthalate Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By End User

8.3.2.2.2. By Application

8.3.3. Japan Bio-Based Polyethylene Terephthalate Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By End User

8.3.3.2.2. By Application

8.3.4. South Korea Bio-Based Polyethylene Terephthalate Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By End User

8.3.4.2.2. By Application

8.3.5. Australia Bio-Based Polyethylene Terephthalate Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By End User

8.3.5.2.2. By Application

9. Middle East & Africa Bio-Based Polyethylene Terephthalate Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By End User

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Bio-Based Polyethylene Terephthalate Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By End User

9.3.1.2.2. By Application

9.3.2. UAE Bio-Based Polyethylene Terephthalate Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By End User

9.3.2.2.2. By Application

9.3.3. South Africa Bio-Based Polyethylene Terephthalate Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By End User

9.3.3.2.2. By Application

10. South America Bio-Based Polyethylene Terephthalate Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By End User

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Bio-Based Polyethylene Terephthalate Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By End User

10.3.1.2.2. By Application

10.3.2. Colombia Bio-Based Polyethylene Terephthalate Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By End User

10.3.2.2.2. By Application

10.3.3. Argentina Bio-Based Polyethylene Terephthalate Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By End User

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Bio-Based Polyethylene Terephthalate Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Indorama Ventures Public Company Limited

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Toray Industries, Inc.

15.3. Teijin Limited

15.4. Toyota Tsusho Corporation

15.5. Braskem S.A.

15.6. The Coca-Cola Company

15.7. BASF SE

15.8. Anellotech, Inc.

15.9. Gevo, Inc.

15.10. Plastipak Holdings, Inc

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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