BIO-BASED POLYETHYLENE TEREPHTHALATE MARKET ANALYSIS

Bio-based Polyethylene Terephthalate Market, By Application (Bottles, Foam, Pressure Sensitive Adhesive Tape, Substrate in Thin Film Solar Cells, Cosmetics, Others), By End-use Industry (Packaging, Automotive, Textile, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI1254
Pages :150
Formats :
Excel and PDF
Industry : Green Chemicals

Bio-Based Polyethylene Terephthalate Market Size and Trends

Bio-based polyethylene terephthalate market is estimated to be valued at USD 3.74 Bn in 2025 and is expected to reach USD 6.89 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2025 to 2032.

Bio-based Polyethylene Terephthalate Market Key Factors

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Stringent government regulations regarding the use of bioplastics due to their eco-friendly nature along with growing awareness among consumers about minimizing the consumption of single-use plastic products are encouraging manufacturers to adopt bio-based materials like bio-based PET for packaging applications. Rising environmental concerns due to high plastic waste and growing consumer demand for sustainable packaging solutions are boosting the demand for bio-based PET.