Oct 5, 2023   SOURCE: BusinessWire

Global Bio-PET (Polyethylene Terephthalate) Market Report 2024-2034 with Comprehensive Profiles of 25+ Companies Including Hyosung Advanced Materials, Indorama Ventures, NatureWorks, Toray, & Teijin - ResearchAndMarkets.com

The "The Global Market for Bio-PET 2024-2034" report has been added to ResearchAndMarkets.com's offering.

This comprehensive report delves into the intricate landscape of the global bioplastics market, offering insights into the dynamic world of bio-PET as well. With a focus on both historical revenue data and estimates for 2023, the report extends its gaze into the future, providing projections up to 2034.

Polyethylene terephthalate (PET) is a thermoplastic material used for bottles, films and textile fibres. PET belongs to the polyester group. It consists of 70 percent terephthalic acid and 30 percent monoethylene glycol (MEG) by weight and is frequently used in the packaging sector. Bio-PET is a fast-growing segment of the PET market supported by strong demand drivers.

For bio-PET, MEG is produced from renewable raw materials from plants instead of fossil raw materials. Bio-PET can easily be applied in products and processed through existing recycling streams without issues. The shift to bio-based PET enables brands across industries to offer renewable plant-based plastic alternatives and reduce reliance on fossil fuel-derived PET.

Demand is forecast to exceed 2.5 million metric tons by 2034. Packaging remains the dominant application at over 70% of bio-PET consumption. Bottles for water, soft drinks, food, cosmetics are key products. Textiles are the second largest application as brands adopt bio-PET polyester fibers for sustainability. Asia Pacific is the main regional market for bio-PET.

The data is intelligently segmented by application and region, allowing for a meticulous examination of market trends and potential growth avenues. As we navigate through the report's contents, we will uncover the key drivers propelling market growth, the challenges that must be addressed, and the promising opportunities that lie ahead in the realm of bioplastics.

The data is intelligently segmented by application and region, allowing for a meticulous examination of market trends and potential growth avenues. As we navigate through the report's contents, we will uncover the key drivers propelling market growth, the challenges that must be addressed, and the promising opportunities that lie ahead in the realm of bioplastics.

Report contents include:

  • Analysis of end-use markets including
    • Packaging
    • Consumer goods
    • Automotive
    • Textiles
    • Films & sheets
  • Regulations related to bio-PET
  • Future price trend forecasts for bio-PET
  • Market outlook and supply trends
  • Comprehensive company profiles of 26 companies
  • Company profiles include products, target markets, funding, and recent market activity

Companies profiled include

  • Hyosung Advanced Materials
  • Indorama Ventures
  • NatureWorks
  • Toray
  • Teijin
  • Origin Materials

Key Topics Covered:

1 EXECUTIVE SUMMARY

1.1 Market drivers and trends in bioplastics and biopolymers

1.2 Global production to 2034

1.3 Main producers and global production capacities

1.3.1 Producers

1.3.2 By biobased and biodegradable plastics type

1.3.3 By region

1.4 Global demand for Biobased and Biodegradable Plastics (Bioplastics), by market

1.5 Challenges for the Biobased and Biodegradable Plastics (Bioplastics) market

1.6 The Global bio-PET market

2 RESEARCH METHODOLOGY

3 THE GLOBAL PLASTICS MARKET

3.1 Global production of plastics

3.2 The importance of plastic

3.3 Issues with plastics use

3.4 Policy and regulations

3.5 The circular economy

3.6 Conventional polymer materials used in packaging

3.6.1 Polyolefins: Polypropylene and polyethylene

3.6.2 PET and other polyester polymers

3.6.3 Renewable and bio-based polymers for packaging

3.7 Comparison of synthetic fossil-based and bio-based polymers

3.8 End-of-life treatment of bioplastics

4 THE GLOBAL BIOPLASTICS MARKET

4.1 Bio-based or renewable plastics

4.1.1 Drop-in bio-based plastics

4.1.2 Novel bio-based plastics

4.2 Biodegradable and compostable plastics

4.2.1 Biodegradability

4.2.2 Compostability

4.3 Advantages and disadvantages

4.4 Types of Bio-based and/or Biodegradable Plastics

5 THE GLOBAL BIO-PET MARKET

5.1 Market overview

5.1.1 Currently available bio-PET

5.1.2 100% bio-PET

5.2 Comparative analysis

5.3 Supply landscape and trends

5.4 Market supply chain

5.5 SWOT analysis

5.6 Market drivers

5.7 Market challenges

5.8 Regulations

5.9 Producers and production capacities

5.9.1 bio-PET production capacities, by country

5.10 Demand for bio-PET 2019-2034 (1,000 tons)

5.10.1 Demand by market

5.10.2 Demand by region

5.10.2.1 North America

5.10.2.2 Europe

5.10.2.3 Asia-Pacific

5.10.2.4 South America

5.11 PET biorecycling

5.12 Pricing

5.13 Markets for Bio-PET

5.13.1 Packaging

5.13.1.1 Flexible packaging

5.13.1.2 Rigid packaging

5.13.2 Consumer goods

5.13.3 Automotive

5.13.4 Textiles

5.13.5 Films & sheets

6 COMPANY PROFILES (26 company profiles)

  • Anellotech, Inc.
  • Aquapak Polymers Ltd
  • Avantium B.V.
  • Bioplastech Ltd
  • BlockTexx Pty Ltd.
  • Braskem SA
  • Carbios
  • CuanTec Ltd.
  • DAK Americas LLC
  • DuFor Resins B.V.
  • Far Eastern New Century Corporation
  • FKuR Kunststoff GmbH
  • Haldor Topsoe A/S
  • Hyosung Advanced Materials
  • India Glycols Ltd.
  • Indorama Ventures Public Co. Ltd.
  • Ioniqa
  • LOTTE Chemical Corporation
  • Mitsubishi Polyester Film GmbH
  • Mitsui
  • Origin Materials
  • Plantic Technologies Ltd.
  • TECNARO GmbH
  • Teijin Ltd
  • Toray Industries, Inc.
  • UPM-Kymmene Oyj
  • VTT Technical Research Centre of Finland Ltd

For more information about this report visit https://www.researchandmarkets.com/r/v712r7

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.