Bio-based PET Market | Increasing Demand From Carbonated Soft Drink (CSD) Industry to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Bio-based PET Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The global bio-based PET market size is poised to grow by USD 11.46 billion during 2020-2024, progressing at a CAGR of almost 20% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample REPORT with COVID-19 Crisis and Recovery Analysis.

Collaboration helps in the development of innovative products, manufacturing processes, and technologies. The collaborations among the world’s largest bio-based PET manufacturing companies and raw material providers contribute to a considerable share of this market’s growth. These strategic alliances and collaborations among the players will fuel the growth prospects of the bio-based PET market in the coming years as well, which will ensure the growth of this industry during the forecast period.

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Report Highlights:

  • The major bio-based PET market growth came from the PET bottles segment due to the increasing use of these bottles in packaging mineral water, CSDs, dairy products, alcohol, and beverages.
  • APAC was the largest bio-based PET market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the growing alcoholic and CSD beverage consumption in China and India.
  • The global bio-based PET market is concentrated. Braskem SA, Danone SA, Gevo Inc., Nestle SA, Origin Materials, PepsiCo Inc., Plastipak Holdings Inc., The Coca Cola Co., Toray Industries Inc., and Toyota Tsusho Corp. are some of the major market participants. To help clients improve their market position, this bio-based PET market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global bio-based PET market 2020-2024 is expected to have a neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

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Technological innovation will be a Key Market Trend

One of the key trends that will positively influence the growth of the global bio-based PET market during the forecast period is the increasing technological advancement in this field. PET reduces the energy use required for production and also minimizes the resources required for further processes. Owing to its light weight, it also reduces transportation costs and eliminates the need for secondary packaging. These factors are contributing to the increasing demand for bio-based PET products in the packaging sector as a result of which the market will grow during the forecast period.

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Bio-based PET Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist bio-based PET market growth during the next five years
  • Estimation of the bio-based PET market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the bio-based PET market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bio-based PET market vendors

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View market snapshot before purchasing

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Bottles - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Braskem SA
  • Danone SA
  • Gevo Inc.
  • Nestle SA
  • Origin Materials
  • PepsiCo Inc.
  • Plastipak Holdings Inc.
  • The Coca Cola Co.
  • Toray Industries Inc.
  • Toyota Tsusho Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The Bio-based PET Market will grow by $11.46 bn during 2020-2024


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200