Press release
Bio-Based PET Market Projected to Reach USD 10 Billion by 2030, Driven by Sustainability and Rising Demand for Eco-Friendly Packaging Solutions
Bio-Based PET Market
The Bio-Based PET Market was valued at USD 3 billion in 2022 and is projected to grow from USD 5 billion in 2023 to USD 10 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023-2030).
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ : https://www.marketresearchfuture.com/sample_request/5823
๐๐ข๐จ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
The primary factor fueling market growth is the demand for eco-friendly packaging solutions. As global awareness regarding plastic waste and its environmental impacts rises, both consumers and governments are increasingly favoring sustainable and biodegradable packaging options. Bio-based PET, made from renewable resources like sugarcane or corn starch, is an attractive alternative to traditional petroleum-based PET, offering similar properties without sacrificing performance.
๐๐ข๐จ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐จ๐ฎ๐ซ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The Bio-Based PET market is segmented based on raw material sources: sugar, molasses, and corn. In 2022, the sugar segment dominated the market. Sugar is a widely available and easily accessible raw material used for bio-based PET production. Its popularity is driven by growing consumer demand for sustainable products and increased regulatory support aimed at reducing plastic waste.
๐๐ข๐จ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The Bio-Based PET market is also segmented by application into bottles, consumer goods, automotive, electronics, and others. Bottles are the dominant application, with bio-based PET being widely used in the packaging industry for its durability, strength, and lightweight nature. The consumer goods sector, including textiles, cosmetics, and footwear, also utilizes bio-based PET, while automotive and electronics industries are increasingly adopting it for manufacturing components like dashboards and electronic casings due to its heat and chemical resistance.
๐๐ฎ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5823
๐๐ข๐จ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The Bio-Based PET market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to witness the fastest growth in the market, driven by the rising demand for sustainable packaging, particularly in countries like China and India. North America, particularly the United States, is the largest market for Bio-Based PET, with significant demand from the food and beverage industry. Europe is another major market, bolstered by stringent environmental regulations and strong consumer awareness of sustainability.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players in the Bio-Based PET market include Braskem, Gevo Inc., TEIJIN LIMITED, Anellotech Inc., TORAY INDUSTRIES INC., Indorama Ventures, M&G Chemicals, NatureWorks LLC, Novamont S.p.A, Plastipak Holdings Inc., Amyris, and Toyota Tsusho Corporation. These companies are investing in research and development to expand their product offerings and drive market growth.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.marketresearchfuture.com/reports/bio-based-pet-market-5823
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
Galvanized Steel Market: https://www.marketresearchfuture.com/reports/galvanized-steel-market-23112
Lubricant And Grease Market: https://www.marketresearchfuture.com/reports/lubricant-grease-market-30135
Coil Coating Market: https://www.marketresearchfuture.com/reports/coil-coating-market-2395
Beverage Packaging Market: https://www.marketresearchfuture.com/reports/beverage-packaging-market-1974
Aerospace Foams Market: https://www.marketresearchfuture.com/reports/aerospace-foams-market-8492
US Paints and Coatings Market: https://www.marketresearchfuture.com/reports/us-paints-coatings-market-13955
Personal Care Chemicals Market: https://www.marketresearchfuture.com/reports/personal-care-chemicals-market-23217
Food Cans Market: https://www.marketresearchfuture.com/reports/food-cans-market-24579
Optometry Equipment Market: https://www.marketresearchfuture.com/reports/optometry-equipment-market-25529
Ballistic Composite Market: https://www.marketresearchfuture.com/reports/ballistic-composite-market-33650
๐๐จ๐ง๐ญ๐๐๐ญ:
Market Research Futureยฎ
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
๐๐ก๐จ๐ง๐:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio-Based PET Market Projected to Reach USD 10 Billion by 2030, Driven by Sustainability and Rising Demand for Eco-Friendly Packaging Solutions here
News-ID: 3727488 • Views: โฆ
More Releases from Market Research Future (MRFR)
Athleisure Clothes Market to Surge at 8.3% CAGR by 2035 Driven by Lifestyle Tren โฆ
The Athleisure Clothes Market has emerged as one of the most dynamic segments within the global apparel industry, driven by consumers' growing preference for versatile clothing that blends comfort, style, and performance. As urbanization and fitness awareness rise, athleisure clothing has evolved beyond the gym and into daily wear, enabling the market to record remarkable growth. Analysts forecast the market to grow at a CAGR of 8.3% by 2035, reflectingโฆ
Anti-Aging Skincare Product Market Set to Grow at 2.58% CAGR by 2035 Driven by B โฆ
The global Anti-Aging Skincare Product Market is witnessing steady growth, driven by increasing consumer awareness of skin health, rising disposable incomes, and a shift toward personalized skincare solutions. The market size is projected to reach USD 20.82 billion in 2025, expanding further to USD 26.86 billion by 2035, growing at a moderate CAGR of 2.58% during the forecast period of 2025-2035. The growing inclination of consumers toward maintaining youthful skinโฆ
Knitted Underwear Market Set to Grow at 4.6% CAGR, Driven by Sustainable Fabrics โฆ
The global Knitted Underwear Market is witnessing steady and resilient growth as comfort-driven apparel, fabric innovation, and sustainability converge to reshape consumer preferences. Knitted underwear, known for its breathability, stretchability, and skin-friendly properties, has become a staple across demographics. In 2024, the market was valued at USD 51,800.0 billion and is projected to expand to USD 54,200.0 billion in 2025, reflecting consistent demand across both developed and emerging economies.
Looking ahead,โฆ
Skin Lightening Cream Market Growth Driven by Rising Awareness & Clean Beauty Tr โฆ
Skin Lightening Cream Market continues to evolve as consumer perceptions around skincare, beauty standards, and dermatological wellness shift globally. In 2024, the market was valued at USD 6.16 billion, reflecting strong demand across both developed and emerging economies. Rising urbanization, increased disposable income, and heightened focus on personal grooming have positioned skin lightening creams as a mainstream skincare category rather than a niche cosmetic product.
Looking ahead, the market is projectedโฆ
More Releases for PET
Pet Travel Services Market Is Booming So Rapidly | RoyalPaws, Pet Port, Pet Oasi โฆ
The Global Pet Travel Services Market Size is estimated at $2.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 8.6% to reach $5.9 Billion by 2034.
The latest study released on the Global Pet Travel Services Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Pet Travel Services market study covers significant research data and proofs to be a handyโฆ
Pet Carriers Market is Booming Worldwide | K&H Manufacturing, Sherpa Pet, Quaker โฆ
Worldwide Pet Carriers Market In-depth Research Report 2024, Forecast to 2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pet Carriers Market. Some of the key players profiled in the study are K&H Manufacturingโฆ
Pet Air Shipping Service Market Growth Expected to See Next Level: Pet Travel, P โฆ
Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete studyโฆ
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P โฆ
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with developmentโฆ
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiledโฆ
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni โฆ
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.โฆ
