Asia Pacific Bio-based PET Market, By Product Type (Bottle Grade and Film Grade), By Application, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Bio-based PET Market size was valued at USD 50,208.3 Million in 2023, expanding at a CAGR of 9.10% from 2024 to 2032.
Bio-based PET (polyethylene terephthalate) is a sustainable alternative to traditional PET, derived partially or entirely from renewable biological sources such as sugarcane, corn, or other plant materials. Like conventional PET, bio-based PET retains the same physical properties, including durability, clarity, and recyclability, making it suitable for a wide range of applications, including packaging, textiles, and automotive components. The primary advantage of bio-based PET is its reduced carbon footprint, as it utilizes plant-derived feedstocks that absorb CO2 during growth, contributing to lower greenhouse gas emissions and promoting environmental sustainability.
Asia Pacific Bio-based PET Market- Market Dynamics
Increased demand for packaged food to propel market demand
In the Asia-Pacific region, the demand for packaged food is on the rise, driven by shifting lifestyles, increased disposable income, a growing number of working professionals, and a preference for convenience. Ready-to-consume foods, with their quick preparation times and appealing, durable packaging, are particularly favored, bolstering market demand. Moreover, heightened awareness of bioplastics\' importance in countries like Japan and South Korea, spurred by regulatory efforts to reduce reliance on synthetic polymers, further supports market growth. Japan, backed by regulatory support for biopolymers investment, is poised to remain a significant hub for bio-based PET manufacturing, with Teijin Limited, Toyota Tsusho, and Toray Industries leading the charge. Technical advancements and a rising emphasis on sustainable packaging also contribute to market expansion.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC BIO-BASED PET MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Indorama Ventures Public Company Limited
M&G Chemicals
TORAY INDUSTRIES Inc.
Teijin Limited
Gevo Inc.
DuPont de Nemours Inc.
Anellotech Inc.
NatureWorks LLC
Far Eastern New Century Corporation
Others
ASIA PACIFIC BIO-BASED PET MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Bottle Grade
Film Grade
ASIA PACIFIC BIO-BASED PET MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Packaging
Automotive
ASIA PACIFIC BIO-BASED PET MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
TABLE OF CONTENT
1. Asia Pacific Bio-based PET Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Asia Pacific Bio-based PET Market Snippet by Product type
2.1.2. Asia Pacific Bio-based PET Market Snippet by Application
2.1.3. Asia Pacific Bio-based PET Market Snippet by Country
2.2. Competitive Insights
3. Asia Pacific Bio-based PET Key Market Trends
3.1. Asia Pacific Bio-based PET Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Asia Pacific Bio-based PET Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Asia Pacific Bio-based PET Market Opportunities
3.4. Asia Pacific Bio-based PET Market Future Trends
4. Asia Pacific Bio-based PET Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Asia Pacific Bio-based PET Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Asia Pacific Bio-based PET Market Landscape
6.1. Asia Pacific Bio-based PET Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Asia Pacific Bio-based PET Market – By Product type
7.1. Overview
7.1.1. Segment Share Analysis, By Product type, 2023 & 2032 (%)
7.1.2. Bottle Grade
7.1.3. Film Grade
8. Asia Pacific Bio-based PET Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Packaging
8.1.3. Automotive
9. Asia Pacific Bio-based PET Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2. Asia Pacific (APAC)
9.2.1. Overview
9.2.2. Asia Pacific Bio-based PET Key Manufacturers in Asia Pacific
9.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. Asia Pacific Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.6. India
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.6.3. India Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.7. China
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.7.3. China Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.8. Japan
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.8.3. Japan Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.9. South Korea
9.2.9.1. Overview
9.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.9.3. South Korea Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.10. Australia
9.2.10.1. Overview
9.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.10.3. Australia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.11. Thailand
9.2.11.1. Overview
9.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.11.3. Thailand Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.12. Indonesia
9.2.12.1. Overview
9.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.12.3. Indonesia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.13. Philippines
9.2.13.1. Overview
9.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.13.3. Philippines Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.14. Rest of APAC
9.2.14.1. Overview
9.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.2.14.3. Rest of APAC Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
9.2.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Asia Pacific Bio-based PET Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Indorama Ventures Public Company Limited
10.2.2. M&G Chemicals
10.2.3. TORAY INDUSTRIES Inc.
10.2.4. Teijin Limited
10.2.5. Gevo Inc.
10.2.6. DuPont de Nemours Inc.
10.2.7. Anellotech Inc.
10.2.8. NatureWorks LLC
10.2.9. Far Eastern New Century Corporation
10.2.10. Others
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
