The Global Bio-Based Polyethylene Terephthalate (Bio-PET) Market was valued at USD 1.02 Billion in 2024 and is projected to reach USD 2.45 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2024–2032). This robust growth is primarily driven by escalating consumer demand for sustainable packaging, stringent government regulations phasing out conventional plastics, and significant corporate sustainability commitments from major brands across beverage, automotive, and consumer goods sectors.

As the global economy pivots toward a circular and low-carbon future, the bioplastics industry is experiencing unprecedented transformation. The spotlight is now on the pioneering companies developing and scaling bio-based alternatives to traditional petroleum-based PET. In this blog, we profile the Top 10 Companies in the United States Bio-Based Polyethylene Terephthalate (Bio PET) Industry—a dynamic mix of chemical giants, packaging leaders, and innovative startups shaping the future of sustainable materials.

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🔟 1. The Coca-Cola Company

Headquarters: Atlanta, Georgia, USA
Key Offering: PlantBottle™ Packaging Technology

The Coca-Cola Company is not merely a beverage giant but a foundational force in the Bio-PET market. Its proprietary PlantBottle™ technology, launched in 2009, was a landmark innovation, representing the first commercially viable PET plastic bottle made partially from plants. The company has distributed over 50 billion PlantBottle™ packages globally, significantly reducing its reliance on fossil fuels.

Sustainability Initiatives:

• Committed to making all packaging 100% recyclable by 2025 and using 50% recycled material by 2030, with PlantBottle™ as a key component.

• Investing in next-generation technologies to develop a 100% plant-based PET bottle, beyond the current ~30% bio-based MEG (monoethylene glycol) composition.

• Active partnerships with biotechnology firms to scale up production of bio-paraxylene (bio-PX), the missing link for fully bio-based PET.

Download FREE Sample Report: United States Bio Based Polyethylene Terephthalate (Bio PET) Market – View in Detailed Research Report

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan (Significant operations in the USA)
Key Offering: Eco-Engineering Plastics, including high-performance Bio-PET resins

Toray Industries is a global leader in advanced materials, with a strong commitment to sustainability. Its extensive R&D capabilities have positioned it at the forefront of developing high-grade Bio-PET suitable for demanding applications beyond packaging, such as automotive interiors and electronics.

Sustainability Initiatives:

• Development of proprietary catalysts and processes to enhance the efficiency and reduce the cost of bio-MEG integration into PET.

• Strategic focus on creating Bio-PET composites with improved thermal and mechanical properties for automotive lightweighting.

• Commitment to the Toray Group Sustainability Vision, aiming to contribute to a carbon-neutral economy by 2050.

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan (with manufacturing and R&D in the USA)
Key Offering: Biofront™ bioplastic (a high-performance bio-based PET)

Teijin Limited is renowned for its innovative Biofront™ polymer, a bio-based PET that exhibits superior heat resistance compared to conventional PET. This makes it ideal for applications like automotive components and precision electronics, expanding the potential uses of Bio-PET beyond bottles.

Sustainability Initiatives:

• Pioneering the production of 100% bio-based succinic acid, a potential alternative pathway for bio-PET monomers.

• Active participation in global consortia focused on establishing standardized lifecycle assessments for bioplastics.

• Investing in chemical recycling technologies to create a circular ecosystem for its Biofront™ products.

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7️⃣ 4. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand (Largest PET producer globally with major US operations)
Key Offering: Integrated PET and Bio-PET resins

As the world’s largest producer of PET resins, Indorama Ventures plays a critical role in the Bio-PET supply chain. The company leverages its massive production scale and integrated manufacturing infrastructure to incorporate bio-based feedstocks, supplying major brands seeking sustainable packaging solutions.

Sustainability Initiatives:

• Committed to spending $1.5 billion on sustainability projects by 2025, including significant investments in bio-based and recycled PET.

• Strategic sourcing of bio-MEG from partners to offer drop-in Bio-PET solutions to its global customer base.

• Focusing on creating a circular economy by combining recycled PET (rPET) with Bio-PET for enhanced sustainability credentials.

Download FREE Sample Report: United States Bio Based Polyethylene Terephthalate (Bio PET) Market – View in Detailed Research Report

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6️⃣ 5. Braskem S.A.

Headquarters: São Paulo, Brazil (Expanding footprint in North America)
Key Offering: I’m green™ Bio-based Polyethylene and development of Bio-PET pathways

Braskem is a global leader in biopolymers, famous for its sugarcane-based polyethylene. While its primary focus has been on bio-PE, the company is actively investing in research and partnerships to develop a commercially viable route to Bio-PET, leveraging its expertise in large-scale biomass processing.

Sustainability Initiatives:

• Announced a strategic partnership with Haldor Topsoe in 2024 to develop an innovative enzymatic process for Bio-MEG production, aiming to reduce costs by 15%.

• Committed to expanding its biopolymer portfolio to include aromatics, the key building blocks for PET.

• Aims to curtail 15 million tons of carbon emissions by 2030 and achieve carbon neutrality by 2050.

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany (Major R&D and production presence in the USA)
Key Offering: Certified Compostable Bioplastics & Bio-PET intermediates

BASF, a chemical powerhouse, brings its vast expertise in catalysis and process engineering to the Bio-PET challenge. The company is focused on developing innovative pathways for bio-based monomers and creating high-value, certified sustainable material solutions.

Sustainability Initiatives:

• Development of “biomass balance” approach, allowing the integration of bio-based feedstocks into existing chemical production chains, including those for PET precursors.

• Strong R&D focus on catalytic conversion technologies to efficiently transform non-food biomass into chemical building blocks.

• Partnering with value chain players to ensure performance and recyclability of new bio-based materials.

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4️⃣ 7. Danimer Scientific

Headquarters: Bainbridge, Georgia, USA
Key Offering: Nodax® PHA (Polyhydroxyalkanoates) and biopolymer innovations

Danimer Scientific is a leading US-based developer and manufacturer of biodegradable polymers. While its flagship product is PHA, the company’s deep knowledge in fermentation and bioprocessing positions it as a key innovator with the potential to contribute significantly to advanced Bio-PET production technologies.

Sustainability Initiatives:

• Pioneering the use of canola oil as a renewable feedstock for biopolymer production, offering an alternative to sugarcane.

• Expanding production capacity in the US to meet growing demand for sustainable plastics.

• Focus on creating biodegradable and compostable solutions that complement the recyclability of Bio-PET.

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3️⃣ 8. Anellotech, Inc.

Headquarters: Pearl River, New York, USA
Key Offering: Bio-TCat™ technology for producing 100% bio-based aromatics (BTX)

Anellotech is a technology innovator tackling the most significant hurdle in Bio-PET production: creating 100% bio-based terephthalic acid (PTA). Its proprietary Bio-TCat™ thermal catalytic process converts non-food biomass directly into bio-paraxylene, a direct replacement for its fossil-based equivalent.

Sustainability Initiatives:

• Focused exclusively on producing 100% renewable aromatics, enabling the production of fully bio-based PET, not just partially bio-based.

• Utilization of non-food biomass like wood residues or agricultural waste, avoiding competition with food supplies.

• Strategic partnerships with major chemical and packaging companies to scale its groundbreaking technology.

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2️⃣ 9. M&G Chemicals (Now Part of Alpek)

Headquarters: Houston, Texas, USA
Key Offering: PET and PTA resins, with growing focus on sustainable alternatives

As a major player in the Americas’ PET market, M&G Chemicals (integrated into Alpek following its acquisition) possesses the production scale and customer relationships essential for commercializing Bio-PET. The company is actively exploring and investing in bio-based feedstock integration to meet evolving market demands.

Sustainability Initiatives:

• Investing in research to incorporate bio-based glycols into its existing PTA and PET production processes.

• Responding to brand owner demands for sustainable materials by developing drop-in Bio-PET solutions.

• Focusing on improving the overall sustainability footprint of its operations and product portfolio.

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1️⃣ 10. NatureWorks LLC

Headquarters: Plymouth, Minnesota, USA
Key Offering: Ingeo™ biopolymers (PLA)

NatureWorks is a world-leading biopolymer manufacturer, producing Ingeo™ PLA from renewable resources. While PLA is a distinct polymer from PET, NatureWorks’ expertise in fermenting plant sugars to create high-performance materials provides valuable insights and infrastructure that support the broader bio-plastics ecosystem, including potential future ventures into Bio-PET intermediates.

Sustainability Initiatives:

• Over 25 years of experience in commercial-scale manufacturing of polymers from annually renewable resources.

• Continuous innovation in feedstock efficiency and production process optimization to reduce environmental impact.

• Developing advanced recycling technologies for its Ingeo™ PLA to promote a circular economy.

Get Full Report Here: United States Bio Based Polyethylene Terephthalate (Bio PET) Market – View in Detailed Research Report

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🌱 Outlook: The Future of Bio-PET is Integrated and Circular

The United States Bio-PET market is undergoing a fundamental transition. While cost and scalability challenges remain, the trajectory is clear: bio-based materials are becoming integral to the plastics industry. The convergence of regulatory pressure, consumer preference, and technological breakthroughs is creating an irreversible momentum toward sustainable polymers.

📈 Key Trends Shaping the Market:

• Feedstock Diversification: Shift from first-generation (sugarcane, corn) to second-generation (agricultural waste, non-food biomass) feedstocks to improve sustainability and reduce costs.

• Technological Convergence: Integration of bio-based, recycled (rPET), and biodegradable polymers to create tailored solutions for specific applications and end-of-life scenarios.

• Policy Acceleration: Increasingly stringent mandates for recycled and bio-based content in packaging at both state and federal levels in the U.S.

• Value Chain Collaboration: Unprecedented partnerships between brand owners, chemical companies, and biotechnology firms to de-risk investments and accelerate commercialization.

Get Full Report Here: United States Bio Based Polyethylene Terephthalate (Bio PET) Market – View in Detailed Research Report

The companies profiled above are not just supplying materials—they are actively constructing the sustainable foundation for the future of packaging, textiles, and automotive industries, proving that economic growth and environmental stewardship can indeed go hand in hand.