Asia Pacific Bio-Based Polyethylene Terephthalate Market Report and Forecast 2025-2034
Market Report I 2025-07-15 I 111 Pages I EMR Inc.
The Asia Pacific bio-based polyethylene terephthalate market size is expected to grow at a CAGR of 12.10% during the forecast period of between 2025 and 2034, owing to the growing emphasis on eco-friendly plastics.
Key Trends in the Market
A resin known as polyethylene terephthalate is produced by esterifying a mixture of two monomers-distilled terephthalic acid and modified ethylene glycol-polyethylene terephthalate. MEG (monoethylene glycol), a sugar cane ethanol product, and distilled PTA (terephthalic acid), a crude oil-based chemical product, are combined to create bio-based polyethylene terephthalate.
- Over the forecast time period, a rising focus on environmentally friendly plastics is predicted to drive the market. Globally, the demand for items with lower carbon emissions and the use of more environmentally friendly products have grown, thus propelling the Asia Pacific bio-based polyethylene terephthalate market. Initiatives by governments in the region, to promote the use of biodegradable products, have led to the usage of polyethylene terephthalate materials derived from biological sources.
- Due to its light weight and biodegradable properties, bio-based polyethylene terephthalate is frequently used in the packaging of food products, soft drinks, cosmetics, alcoholic beverages, pharmaceuticals, and edible oils. It is also used in the production of bottles, packaged goods, building materials, electronics, and car interiors. The Asia Pacific bio-based polyethylene terephthalate market will continue to expand at a rapid rate due to the growing use of bio-based polyethylene terephthalate (PET) across a variety of end uses.
- Conventional plastic is non-decomposable due to the presence of various harmful chemical components, which restricts its use in a range of end use applications. The environment, living creatures, and human health are all harmed by harmful chemicals. The danger posed by the microplastics to land-based plants and animals, including people, has increased. Global demand for biodegradable plastic goods is rising as a result of the growing concern over plastic pollution. Consequently, the demand for bio-based polyethylene terephthalate (PET) will rise.
Market Segmentation
The EMR's report titled "Asia Pacific Bio-Based Polyethylene Terephthalate Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
- Bottles
- Textile Fabrics
- Sheet and Foam
- Film and Adhesive Tapes
- Others
Market Breakup by End Use
- Beverages
- Food Industry
- Textile
- Automotive
- Pharmaceuticals
- Others
Market Breakup by Distribution Channels
- Direct
- Indirect
Market Breakup by Region
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
Market Share by Application
With the increased beverage consumption in emerging nations in the Asia Pacific, the bottles application of the regional bio-based polyethylene terephthalate market segment is anticipated to grow at a significant CAGR over the forecast period. Beer, wine, and other alcoholic beverages, as well as carbonated soft drinks (CSD), are packaged in bottles. Further, the demand for PET bottles made from bio-based materials is being fuelled by the growing acceptance of sustainable packaging materials as a means of lowering carbon emissions, thus aiding the Asia Pacific bio-based polyethylene terephthalate market.
Bio-based PET bottles may be moulded into a variety of shapes thanks to their flexibility, which enhances both their aesthetics and practicality. PET bottles with specialised forms, colours, and designs are becoming more and more popular as manufacturers strive to differentiate their brands from competitors.
Market Share by End Use
The Asia Pacific bio-based polyethylene terephthalate market is predicted to expand due to rising demand in a number of sectors, including the food and beverage industry. The food and beverage industry in China is growing as a result of higher living standards. As a result, packed, ready-to-cook, and ready-to-eat food as well as a variety of beverages are in higher demand.
Bio-based polyethylene terephthalate is projected to maintain its dominance in the food and beverage industries in the Asia Pacific during the forecast period. This can be attributed to its usage in applications such as beer containers, food containers, fruit juice packaging, water packaging, and other applications.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific bio-based polyethylene terephthalate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Teijin Limited
Teijin Limitedis a Japanese chemical, pharmaceutical, and IT corporation established in 1918 with its headquarters in Japan. Some of its primary business sectors are high-performance fibres like aramid, polyester fibres, carbon fibres, composites, resin processing, healthcare, films, product conversion, and IT goods.
Indorama Ventures
Indorama Ventureshas its corporate headquarters in Thailand and manufactures and sells petrochemical products. It operates through the following divisions: feedstock, fibre and yarns, and polyethylene terephthalate. The PET section makes plastic food packaging and containers.
Braskem
Braskem,with its headquarters in Brazil, is currently the biggest producer of thermoplastic resins and polypropylene in the Americas and also the biggest producer of the material in the United States. It is primarily focused on polyethylene, polypropylene, and polyvinyl chloride as well as fundamental ingredients like ethylene, toluene, propylene, soda, butadiene, benzene, chlorine, and solvents.
Other market players include FKuR Kunststoff GmbH, Toray Industries, Inc., and Far Eastern New Century Corporation, among others.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Bio-Based Polyethylene Terephthalate Market Overview
5.1 Key Industry Highlights
5.2 Global Bio-Based Polyethylene Terephthalate Historical Market (2018-2024)
5.3 Global Bio-Based Polyethylene Terephthalate Market Forecast (2025-2034)
6 Asia Pacific Bio-Based Polyethylene Terephthalate Market Analysis
6.1 Key Industry Highlights
6.2 Asia Pacific Bio-Based Polyethylene Terephthalate Historical Market (2018-2024)
6.3 Asia Pacific Bio-Based Polyethylene Terephthalate Market Forecast (2025-2034)
6.4 Asia Pacific Bio-Based Polyethylene Terephthalate Market by Application
6.4.1 Bottles
6.4.1.1 Market Share
6.4.1.2 Historical Trend (2018-2024)
6.4.1.3 Forecast Trend (2025-2034)
6.4.2 Textile Fabrics
6.4.2.1 Market Share
6.4.2.2 Historical Trend (2018-2024)
6.4.2.3 Forecast Trend (2025-2034)
6.4.3 Sheet and Foam
6.4.3.1 Market Share
6.4.3.2 Historical Trend (2018-2024)
6.4.3.3 Forecast Trend (2025-2034)
6.4.4 Film and Adhesive Tapes
6.4.4.1 Market Share
6.4.4.2 Historical Trend (2018-2024)
6.4.4.3 Forecast Trend (2025-2034)
6.4.5 Others
6.5 Asia Pacific Bio-Based Polyethylene Terephthalate Market by End Use
6.5.1 Beverages
6.5.1.1 Market Share
6.5.1.2 Historical Trend (2018-2024)
6.5.1.3 Forecast Trend (2025-2034)
6.5.2 Food Industry
6.5.2.1 Market Share
6.5.2.2 Historical Trend (2018-2024)
6.5.2.3 Forecast Trend (2025-2034)
6.5.3 Textile
6.5.3.1 Market Share
6.5.3.2 Historical Trend (2018-2024)
6.5.3.3 Forecast Trend (2025-2034)
6.5.4 Automotive
6.5.4.1 Market Share
6.5.4.2 Historical Trend (2018-2024)
6.5.4.3 Forecast Trend (2025-2034)
6.5.5 Pharmaceuticals
6.5.5.1 Market Share
6.5.5.2 Historical Trend (2018-2024)
6.5.5.3 Forecast Trend (2025-2034)
6.5.6 Others
6.6 Asia Pacific Bio-Based Polyethylene Terephthalate Market by Distribution Channels
6.6.1 Direct
6.6.1.1 Market Share
6.6.1.2 Historical Trend (2018-2024)
6.6.1.3 Forecast Trend (2025-2034)
6.6.2 Indirect
6.6.2.1 Market Share
6.6.2.2 Historical Trend (2018-2024)
6.6.2.3 Forecast Trend (2025-2034)
6.7 Asia Pacific Bio-Based Polyethylene Terephthalate Market by Country
6.7.1 China
6.7.1.1 Market Share
6.7.1.2 Historical Trend (2018-2024)
6.7.1.3 Forecast Trend (2025-2034)
6.7.2 Japan
6.7.2.1 Market Share
6.7.2.2 Historical Trend (2018-2024)
6.7.2.3 Forecast Trend (2025-2034)
6.7.3 India
6.7.3.1 Market Share
6.7.3.2 Historical Trend (2018-2024)
6.7.3.3 Forecast Trend (2025-2034)
6.7.4 South Korea
6.7.4.1 Market Share
6.7.4.2 Historical Trend (2018-2024)
6.7.4.3 Forecast Trend (2025-2034)
6.7.5 Taiwan
6.7.5.1 Market Share
6.7.5.2 Historical Trend (2018-2024)
6.7.5.3 Forecast Trend (2025-2034)
6.7.6 Australia
6.7.6.1 Market Share
6.7.6.2 Historical Trend (2018-2024)
6.7.6.3 Forecast Trend (2025-2034)
7 Market Dynamics
7.1 SWOT Analysis
7.1.1 Strengths
7.1.2 Weaknesses
7.1.3 Opportunities
7.1.4 Threats
7.2 Porter's Five Forces Analysis
7.2.1 Supplier's Power
7.2.2 Buyer's Power
7.2.3 Threat of New Entrants
7.2.4 Degree of Rivalry
7.2.5 Threat of Substitutes
7.3 Key Indicators for Demand
7.4 Key Indicators for Price
8 Value Chain Analysis
9 Price Analysis
10 Competitive Landscape
10.1 Supplier Selection
10.2 Key Global Players
10.3 Key Regional Players
10.4 Key Player Strategies
10.5 Company Profiles
10.5.1 Teijin Limited
10.5.1.1 Company Overview
10.5.1.2 Product Portfolio
10.5.1.3 Demographic Reach and Achievements
10.5.1.4 Certifications
10.5.2 Indorama Ventures
10.5.2.1 Company Overview
10.5.2.2 Product Portfolio
10.5.2.3 Demographic Reach and Achievements
10.5.2.4 Certifications
10.5.3 Braskem
10.5.3.1 Company Overview
10.5.3.2 Product Portfolio
10.5.3.3 Demographic Reach and Achievements
10.5.3.4 Certifications
10.5.4 FKuR Kunststoff GmbH
10.5.4.1 Company Overview
10.5.4.2 Product Portfolio
10.5.4.3 Demographic Reach and Achievements
10.5.4.4 Certifications
10.5.5 Toray Industries, Inc.
10.5.5.1 Company Overview
10.5.5.2 Product Portfolio
10.5.5.3 Demographic Reach and Achievements
10.5.5.4 Certifications
10.5.6 Far Eastern New Century Corporation
10.5.6.1 Company Overview
10.5.6.2 Product Portfolio
10.5.6.3 Demographic Reach and Achievements
10.5.6.4 Certifications
10.5.7 Others
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