Report ID : AMR1004277 | Industries : | Published On :December 2023 | Page Count : 236
Global Bio-PET Film Market Size, Share & Trends Analysis Report by Type (Laminating Film, Universal Film, Electrical Insulating Film, Capacitor Film, Others), by Application (Packaging, Printing, Decoration, Electrical & Electronics, Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030.
Global Bio-PET Film Market
Global Bio-PET Film Market was valued at USD 69 billion in 2022 which expected to reach USD 157 billion by 2030, at a CAGR 10.72% from 2023-2030.
Bio-based Polyethylene Terephthalate film, is a type of flexible, transparent, and biodegradable packaging material made from renewable and sustainable resources. It is derived from plant-based feedstocks, such as sugarcane or corn, rather than petroleum-based sources. Bio-PET film shares many properties with traditional PET (Polyethylene Terephthalate) film, such as high strength and durability, making it an eco-friendly alternative for a wide range of packaging applications.
Market Drivers
Growing Demand for Sustainability
Consumers and businesses are increasingly concerned about environmental sustainability. The demand for eco-friendly packaging materials is driven by a desire to reduce the environmental impact of plastic packaging. Bio-PET films, which are made from renewable sources or are biodegradable, offer a more sustainable alternative to traditional PET films, thus driving their adoption in the market. This driver is fueled by the need to reduce plastic waste and decrease the carbon footprint associated with packaging materials.
Market Restraints
One common restraint in this market is the cost of production. Bio-PET films, typically made from renewable sources, can be more expensive to produce compared to traditional PET films derived from fossil fuels. The cost factor can make it challenging for these films to compete in price-sensitive markets. However, increasing demand for sustainable and environmentally friendly packaging solutions is helping to mitigate this restraint as more consumers and industries prioritize eco-friendly options.
Market Segmentation
The Global Bio-PET Film Market is segmented into Type such as Laminating Film, Universal Film, Electrical Insulating Film, Capacitor Film, Others. Moreover, market is further segmented into Application such as Packaging, Printing, Decoration, Electrical & Electronics, Others.
Regional Analysis
The Global Bio-PET Film Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific among regions is expected to exhibit the highest CAGR in the global Bio-PET Film market. According to European Bioplastics e.V., Asia Pacific will account for 41.4% of worldwide bioplastics manufacturing capacity in 2022. China is one of the world's leading producers of bioplastics. Increasing demand for plastic packaging, as well as government controls on conventional plastics in China, Japan, and India, are likely to fuel market expansion.
Environmental protection and sustainability are major priorities in Europe. There is a greater desire for alternatives to standard plastics as environmental awareness of plastic pollution and its effects grows. Because they contain renewable, non-fossil components, bioplastics like bio-PET are seen as a more environmentally responsible alternative.
Key Developments
In December 2021, Anellotech, a U.S.-based business that develops green technologies, has made substantial progress towards commercialising bio-based PET. By starting with bio-p-Xylene created using its patented Bio-TCat technology, moving on to the downstream phases of separation, purification, intermediate purified terephthalic acid (PTA), and ultimate PET manufacturing, the business was able to make 100% bio-based PET successfully.
Key Players
Various key players are listed in the global Bio-PET Film market including- Polyplex Corporation Ltd, TORAY INDUSTRIES, INC., KURARAY CO., LTD, MG Chemicals, PLASTIPAK HOLDINGS, INC, Toyota Tsusho Corporation, Indorama Ventures Public Company Limited, SABIC, TEIJIN LIMITED, The Coca?Cola Company.
Market Taxonomy
By Type
• Laminating Film
• Universal Film
• Electrical Insulating Film
• Capacitor Film
• Others
By Application
• Packaging
• Printing
• Decoration
• Electrical & Electronics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bio-PET Film Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Bio-PET Film Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Bio-PET Film Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Bio-PET Film Market, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. Global Bio-PET Film Market Share Analysis, By Type
5.3. Global Bio-PET Film Market Size and Forecast, By Type
5.3.1. Laminating Film
5.3.2. Universal Film
5.3.3. Electrical Insulating Film
5.3.4. Capacitor Film
5.3.5. Others
6. Global Bio-PET Film Market, By Application
6.1. Y-o-Y Growth Comparison, By Application
6.2. Global Bio-PET Film Market Share Analysis, By Application
6.3. Global Bio-PET Film Market Size and Forecast, By Application
6.3.1. Packaging
6.3.2. Printing
6.3.3. Decoration
6.3.4. Electrical & Electronics
6.3.5. Others
7. Global Bio-PET Film Market, By Region
7.1. Global Bio-PET Film Market Share Analysis, By Region
7.2. Global Bio-PET Film Market Share Analysis, By Region
7.3. Global Bio-PET Film Market Size and Forecast, By Region
8. North America Bio-PET Film Market Analysis and Forecast (2023-2030)
8.1. Introduction
8.2. North America Bio-PET Film Market Share Analysis, By Type
8.3. North America Bio-PET Film Market Share Analysis, By Application
8.4. North America Bio-PET Film Market Size and Forecast, By Country
8.4.1. U.S.
8.4.1.1. Market Size and Forecast, By Type
8.4.1.2. Market Size and Forecast, By Application
8.4.2. Canada
8.4.2.1. Market Size and Forecast, By Type
8.4.2.2. Market Size and Forecast, By Application
8.4.3. Mexico
8.4.3.1. Market Size and Forecast, By Type
8.4.3.2. Market Size and Forecast, By Application
9. Europe Bio-PET Film Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. Europe Bio-PET Film Market Share Analysis, By Type
9.3. Europe Bio-PET Film Market Share Analysis, By Application
9.4. Europe Bio-PET Film Market Size and Forecast, By Country
9.4.1. Germany
9.4.1.1. Market Size and Forecast, By Type
9.4.1.2. Market Size and Forecast, By Application
9.4.2. France
9.4.2.1. Market Size and Forecast, By Type
9.4.2.2. Market Size and Forecast, By Application
9.4.3. UK
9.4.3.1. Market Size and Forecast, By Type
9.4.3.2. Market Size and Forecast, By Application
9.4.4. Russia
9.4.4.1. Market Size and Forecast, By Type
9.4.4.2. Market Size and Forecast, By Application
9.4.5. Italy
9.4.5.1. Market Size and Forecast, By Type
9.4.5.2. Market Size and Forecast, By Application
9.4.6. Spain
9.4.6.1. Market Size and Forecast, By Type
9.4.6.2. Market Size and Forecast, By Application
9.4.7. Rest of Europe
9.4.7.1. Market Size and Forecast, By Type
9.4.7.2. Market Size and Forecast, By Application
10. Asia Pacific Bio-PET Film Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Asia Pacific Bio-PET Film Market Share Analysis, By Type
10.3. Asia Pacific Bio-PET Film Market Share Analysis, By Application
10.4. Asia Pacific Bio-PET Film Market Size and Forecast, By Country
10.4.1. China
10.4.1.1. Market Size and Forecast, By Type
10.4.1.2. Market Size and Forecast, By Application
10.4.2. Japan
10.4.2.1. Market Size and Forecast, By Type
10.4.2.2. Market Size and Forecast, By Application
10.4.3. India
10.4.3.1. Market Size and Forecast, By Type
10.4.3.2. Market Size and Forecast, By Application
10.4.4. South Korea
10.4.4.1. Market Size and Forecast, By Type
10.4.4.2. Market Size and Forecast, By Application
10.4.5. Australia
10.4.5.1. Market Size and Forecast, By Type
10.4.5.2. Market Size and Forecast, By Application
10.4.6. New Zealand
10.4.6.1. Market Size and Forecast, By Type
10.4.6.2. Market Size and Forecast, By Application
10.4.7. Singapore
10.4.7.1. Market Size and Forecast, By Type
10.4.7.2. Market Size and Forecast, By Application
10.4.8. Malaysia
10.4.8.1. Market Size and Forecast, By Type
10.4.8.2. Market Size and Forecast, By Application
10.4.9. Rest of Asia
10.4.9.1. Market Size and Forecast, By Type
10.4.9.2. Market Size and Forecast, By Application
11. Latin America Bio-PET Film Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Latin America Bio-PET Film Market Share Analysis, By Type
11.3. Latin America Bio-PET Film Market Share Analysis, By Application
11.4. Latin America Bio-PET Film Market Size and Forecast, Country
11.4.1. Brazil
11.4.1.1. Market Size and Forecast, By Type
11.4.1.2. Market Size and Forecast, By Application
11.4.2. Argentina
11.4.2.1. Market Size and Forecast, By Type
11.4.2.2. Market Size and Forecast, By Application
11.4.3. Colombia
11.4.3.1. Market Size and Forecast, By Type
11.4.3.2. Market Size and Forecast, By Application
11.4.4. Peru
11.4.4.1. Market Size and Forecast, By Type
11.4.4.2. Market Size and Forecast, By Application
11.4.5. Chile
11.4.5.1. Market Size and Forecast, By Type
11.4.5.2. Market Size and Forecast, By Application
11.4.6. Venezuela
11.4.6.1. Market Size and Forecast, By Type
11.4.6.2. Market Size and Forecast, By Application
11.4.7. Rest of Latin America
11.4.7.1. Market Size and Forecast, By Type
11.4.7.2. Market Size and Forecast, By Application
12. Middle East Bio-PET Film Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Middle East Bio-PET Film Market Share Analysis, By Type
12.3. Middle East Bio-PET Film Market Size and Forecast, By Application
12.4. Middle East Bio-PET Film Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.1.1. Market Size and Forecast, By Type
12.4.1.2. Market Size and Forecast, By Application
12.4.2. UAE
12.4.2.1. Market Size and Forecast, By Type
12.4.2.2. Market Size and Forecast, By Application
12.4.3. Egypt
12.4.3.1. Market Size and Forecast, By Type
12.4.3.2. Market Size and Forecast, By Application
12.4.4. Kuwait
12.4.4.1. Market Size and Forecast, By Type
12.4.4.2. Market Size and Forecast, By Application
12.4.5. South Africa
12.4.5.1. Market Size and Forecast, By Type
12.4.5.2. Market Size and Forecast, By Application
12.4.6. Rest of Middle East & Africa
12.4.6.1. Market Size and Forecast, By Type
12.4.6.2. Market Size and Forecast, By Application
13. Competitive Analysis
13.1. Competition Dashboard
13.2. Market share Analysis of Top Vendors
13.3. Key Development Strategies
14. Company Profiles
14.1. Polyplex Corporation Ltd.
14.1.1. Overview
14.1.2. Offerings
14.1.3. Key Financials
14.1.4. Business Segment & Geographic Overview
14.1.5. Key Market Developments
14.1.6. Key Strategies
14.2. TORAY INDUSTRIES, INC.
14.2.1. Overview
14.2.2. Offerings
14.2.3. Key Financials
14.2.4. Business Segment & Geographic Overview
14.2.5. Key Market Developments
14.2.6. Key Strategies
14.3. KURARAY CO., LTD.
14.3.1. Overview
14.3.2. Offerings
14.3.3. Key Financials
14.3.4. Business Segment & Geographic Overview
14.3.5. Key Market Developments
14.3.6. Key Strategies
14.4. MG Chemicals
14.4.1. Overview
14.4.2. Offerings
14.4.3. Key Financials
14.4.4. Business Segment & Geographic Overview
14.4.5. Key Market Developments
14.4.6. Key Strategies
14.5. PLASTIPAK HOLDINGS, INC.
14.5.1. Overview
14.5.2. Offerings
14.5.3. Key Financials
14.5.4. Business Segment & Geographic Overview
14.5.5. Key Market Developments
14.5.6. Key Strategies
14.6. Toyota Tsusho Corporation
14.6.1. Overview
14.6.2. Offerings
14.6.3. Key Financials
14.6.4. Business Segment & Geographic Overview
14.6.5. Key Market Developments
14.6.6. Key Strategies
14.7. Indorama Ventures Public Company Limited.
14.7.1. Overview
14.7.2. Offerings
14.7.3. Key Financials
14.7.4. Business Segment & Geographic Overview
14.7.5. Key Market Developments
14.7.6. Key Strategies
14.8. SABIC.
14.8.1. Overview
14.8.2. Offerings
14.8.3. Key Financials
14.8.4. Business Segment & Geographic Overview
14.8.5. Key Market Developments
14.8.6. Key Strategies
14.9. TEIJIN LIMITED.
14.9.1. Overview
14.9.2. Offerings
14.9.3. Key Financials
14.9.4. Business Segment & Geographic Overview
14.9.5. Key Market Developments
14.9.6. Key Strategies
14.10. The Coca?Cola Company.
14.10.1. Overview
14.10.2. Offerings
14.10.3. Key Financials
14.10.4. Business Segment & Geographic Overview
14.10.5. Key Market Developments
14.10.6. Key Strategies
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