Summary

Bio-PET Film Market Growth & Trends

The global bio-PET film market size is anticipated to reach USD 156.6 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 12.4% over the forecast period. Increasing environmental apprehensions related to plastic waste and its consequences on water and soil pollution are anticipated to be key drivers of market demand. Furthermore, several governments have imposed limitations on traditional and single-use plastics, which are expected to further stimulate the demand for the market in the future.

Plastics are non-biodegradable and require concerted recycling using accepted techniques to avoid potential harm to the environment. Globally, numerous federal and government regulations have been implemented to oversee plastic waste to mitigate its adverse effects on the environment. Increasing adoption and utilization of bioplastics across various industrial sectors and government support in the growth of green and biodegradable plastics is expected to propel the market growth over the forecast period.

The demand for bio-PET films is on the rise due to a combination of factors, including environmental concerns, regulatory actions, consumer preferences, technological advancements, waste reduction objectives, promotion of a circular economy, and government support. These factors collectively create opportunities for bio-PET films.

Bio-PET Film Market Report Highlights

• Based on application, the packaging segment dominated the market with the largest market share of 37.8% in 2022. This is due to the increasing adoption of bioplastics in the packaging sector, driven by the rising demand from the electrical & electronics and food industry

• Based on type, the laminating film segment emerged as the leading segment and held the maximum revenue share of over 33.9% in 2022. Bio-PET films are extensively used for laminating applications owing to their excellent optical properties, providing high transparency and clarity

• In terms of region, Asia Pacific dominated the market and held the largest market share of 34.9% in 2022. Asia Pacific is the largest producer of bioplastics in the world. According to European Bioplastics e.V., in 2022, Asia Pacific accounted for a 41.4% share of the global bioplastics production capacity

• Merger, acquisition, capacity expansions, forward integration, and the introduction of new products are the major strategies undertaken by the major players to strengthen their presence in the market. For instance, in June 2023, Carbios, a biotech company, and Indorama Ventures Public Company Limited, a sustainable chemical producer, jointly announced the signing of a non-binding memorandum of understanding to establish a joint venture aimed at constructing the world's inaugural polyethylene terephthalate (PET) biorecycling plant in France

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Type
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Bio-PET Film Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Bio-PET Film Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Bio-PET Film: Type Estimates & Trend Analysis
5.1. Bio-PET Film Market: Key Takeaways
5.2. Bio-PET Film Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Laminating Film
5.3.1. Laminating film market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
5.4. Universal Film
5.4.1. Universal film market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
5.5. Electrical Insulating Film
5.5.1. Electrical insulating film market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
5.6. Capacitor Film
5.6.1. Capacitor film market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
5.7. Others
5.7.1. Others market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
Chapter 6. Bio-PET Film: Application Estimates & Trend Analysis
6.1. Bio-PET Film Market: Key Takeaways
6.2. Bio-PET Film Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Packaging
6.3.1. Packaging market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
6.4. Printing
6.4.1. Printing market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
6.5. Decoration
6.5.1. Decoration market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
6.6. Electrical & Electronics
6.6.1. Electrical & Electronics market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
6.7. Others
6.7.1. Others market estimates and forecasts, 2018 to 2030 (000’ USD, Tons)
Chapter 7. Bio-PET Film Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Bio-PET Film Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4. Europe
7.4.1. UK
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.6. Netherlands
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.4.7. Norway
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.4. Australia
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.5. Thailand
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.6. South Korea
7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.7. Malaysia
7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.5.8. Indonesia
7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
7.7.3. UAE
7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, 000’ USD, Volume, Tons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. TORAY INDUSTRIES, INC.
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Polyplex
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. TEIJIN LIMITED
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. KURARAY CO., LTD.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. MG Chemicals
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. PLASTIPAK HOLDINGS, INC.
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Danone
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Toyota Tsusho Corporation
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Indorama Ventures Public Company Limited.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. SABIC
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. Biokunststofftool
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. The Coca‑Cola Company
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives
8.2.13. FKuR
8.2.13.1. Company overview
8.2.13.2. Financial performance
8.2.13.3. Product benchmarking
8.2.13.4. Strategic initiatives
8.2.14. Saipet Samartha Private Limited
8.2.14.1. Company overview
8.2.14.2. Financial performance
8.2.14.3. Product benchmarking
8.2.14.4. Strategic initiatives
8.2.15. Iwatani Corporation
8.2.15.1. Company overview
8.2.15.2. Financial performance
8.2.15.3. Product benchmarking
8.2.15.4. Strategic initiatives
8.2.16. LOTTE Chemical Corporation
8.2.16.1. Company overview
8.2.16.2. Financial performance
8.2.16.3. Product benchmarking
8.2.16.4. Strategic initiatives