Bio-based Polyesters Market was valued at USD 1.23 Billion in 2022 and is projected to reach USD 3.15 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
The global bio-based polyesters market was valued at approximately USD 7.8 billion in 2022, reflecting a growing interest in sustainable materials. This market is projected to experience a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030, driven by increasing demand for eco-friendly alternatives in various industries such as packaging, textiles, and automotive. The rising awareness of environmental issues and stringent regulations against plastic waste are significant factors contributing to this growth. The bio-based polyesters sector benefits from advancements in technology and innovations that improve the performance and affordability of bio-based products, thereby expanding their application range.
Opportunities in the bio-based polyesters market are emerging due to the development of new, more efficient production processes and the expanding range of applications. Key growth drivers include the increasing focus on circular economy practices and consumer preference for sustainable products. Emerging markets, particularly in Asia-Pacific, present substantial growth potential owing to rapid industrialization and a burgeoning middle class with heightened environmental consciousness. The shift towards renewable resources and the drive for reduced carbon footprints offer lucrative prospects for stakeholders in the bio-based polyesters industry, positioning it as a dynamic and evolving sector in the global materials market.
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Toray
Plastipak Holdings
Indorama Ventures
Teijin
Anellotech
Far Eastern New Century
Toyota Tsusho
Coca-Cola
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bio-based Polyesters Market
Packaging Industrial
Automotive Industrial
Electronic Industrial
Textile Industrial
Others
Based on Types the Market is categorized into Below types that held the largest Bio-based Polyesters market share In 2023.
PET
PBT
PTT
PLA
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bio-based Polyesters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bio-based Polyesters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bio-based Polyesters Market, By Type
6. Global Bio-based Polyesters Market, By Application
7. Global Bio-based Polyesters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bio-based Polyesters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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