The Global Bio-based PET Market was valued at USD 2.03 Billion in 2025 and is projected to reach USD 2.71 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2025–2032). This growth is being driven by stringent environmental regulations, rising consumer demand for sustainable packaging, and accelerated adoption of Bio-based Polyethylene Terephthalate solutions across food & beverage, automotive, and consumer goods sectors.

As the global packaging industry undergoes a profound transformation toward circular economy principles, the focus is on the key polymer producers and technology developers who are pioneering renewable material solutions. In this blog, we profile the Top 10 Companies in the Bio-based PET Industry—a mix of chemical giants, packaging specialists, and biotechnology innovators shaping the future of sustainable materials.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Bio-based PET resins, advanced polymer compounds

Toray Industries is a global leader in advanced materials, including a significant portfolio of bio-based PET solutions. The company leverages its deep expertise in polymer science to develop high-performance bio-based resins that meet the demanding requirements of packaging and textile applications. Their technologies focus on enhancing the sustainability profile of products without compromising on clarity, strength, or barrier properties.

Sustainability Initiatives:

• Development of 100% plant-derived monomers for PET production

• Commitment to carbon neutrality by 2050 through material innovation

• Strategic partnerships with major brands for sustainable packaging solutions

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Bio based PET Market – View in Detailed Research Report

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9️⃣ 2. The Coca-Cola Company

Headquarters: Atlanta, Georgia, USA
Key Offering: PlantBottle™ packaging technology

The Coca-Cola Company is not just a major end-user but a pivotal innovator in the bio-based PET space through its proprietary PlantBottle™ technology. This packaging solution, introduced in 2009, uses up to 30% plant-based materials and is fully recyclable. The company has distributed billions of PlantBottle™ packages worldwide, significantly reducing its reliance on fossil fuels and demonstrating large-scale commercial viability for bio-based PET.

Sustainability Initiatives:

• Goal to make all packaging 100% recyclable by 2025

• Open sourcing of PlantBottle™ technology to accelerate industry adoption

• Investment in next-generation bio-based material research

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8️⃣ 3. Toyota Tsusho Corporation

Headquarters: Nagoya, Japan
Key Offering: Bio-PET supply chain solutions, biomass procurement

Toyota Tsusho Corporation, part of the Toyota Group, plays a crucial role in the bio-based PET ecosystem through its extensive supply chain capabilities. The company facilitates the sourcing of sustainable feedstocks and distributes bio-based PET resins to various industries. Their integrated approach connects biomass producers with polymer manufacturers and end-users, creating a robust value chain for sustainable materials.

Sustainability Initiatives:

• Development of biomass procurement networks across Asia

• Collaboration with automotive sector for bio-based interior components

• Investment in carbon-reduction technologies across the supply chain

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Bio-frontier PET, eco-circle recycling technology

Teijin Limited is a pioneering force in sustainable fibers and plastics, with its Bio-frontier PET representing a significant advancement in bio-based materials. The company’s proprietary technologies enable the production of high-quality PET from renewable resources, which is used in textiles, films, and engineering plastics. Teijin’s integrated approach includes chemical recycling, creating a circular model for PET materials.

Sustainability Initiatives:

• Development of 100% bio-based polyester fibers

• Closed-loop recycling systems for PET products

• Target to reduce greenhouse gas emissions by 30% by 2030

Download FREE Sample Report:
Bio based PET Market – View in Detailed Research Report

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6️⃣ 5. Plastipak Holdings, Inc.

Headquarters: Plymouth, Michigan, USA
Key Offering: CleanConvert® PET resins, sustainable packaging solutions

Plastipak Holdings is a leading global manufacturer of plastic containers and a major producer of PET resins, including their innovative CleanConvert® bio-based PET. The company integrates renewable materials into their packaging solutions for major consumer brands, focusing on reducing carbon footprint while maintaining performance standards. Their vertical integration from resin production to packaging manufacturing provides comprehensive sustainable solutions.

Sustainability Initiatives:

• Production of PET with up to 100% renewable content

• Partnerships with brand owners for customized sustainable packaging

• Investment in advanced recycling technologies

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5️⃣ 6. Braskem S.A.

Headquarters: São Paulo, Brazil
Key Offering: Green ethylene, bio-based PE and PET precursors

Braskem is the world’s leading biopolymer producer, with extensive experience in producing ethylene from sugarcane ethanol. While primarily known for bio-based polyethylene, the company’s green ethylene serves as a crucial feedstock for bio-based PET production. Braskem’s large-scale biomass processing capabilities and access to sustainable sugarcane sources position it as a key enabler of the bio-based PET value chain.

Sustainability Initiatives:

• World’s first industrial-scale green ethylene production

• Commitment to carbon-negative polymers

• Expansion of bio-based portfolio beyond current 200,000 tons/year capacity

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4️⃣ 7. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: ORIGIN by Novamont bio-based terephthalic acid

Novamont is an Italian pioneer in the bioplastics industry, developing innovative bio-based solutions including ORIGIN, a bio-based terephthalic acid (bio-PTA) crucial for PET production. The company’s integrated biorefinery model transforms renewable raw materials into high-value chemical intermediates, enabling the production of partially or fully bio-based PET with significantly reduced environmental impact.

Sustainability Initiatives:

• Development of integrated biorefinery concepts

• Focus on circular economy models for bioplastics

• Partnerships across the value chain from agriculture to end-products

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3️⃣ 8. Avantium N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: PEF (Polyethylene Furanoate), YXY® technology

Avantium is a leading technology developer in the renewable chemistry space, pioneering next-generation bio-based polymers including PEF (Polyethylene Furanoate). While PEF is a distinct polymer, Avantium’s YXY® technology platform demonstrates the potential for fully bio-based alternatives to PET with superior barrier properties. The company’s innovations represent the cutting edge of bio-based material science.

Sustainability Initiatives:

• Commercialization of 100% bio-based PEF polymer

• Development of novel catalytic processes for biomass conversion

• Strategic partnerships with major chemical and packaging companies

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2️⃣ 9. M&G Chemicals (ALPLA Group)

Headquarters: Schwerin, Germany (now part of ALPLA)
Key Offering: Bio-PET technologies, packaging solutions

M&G Chemicals, now integrated into the ALPLA Group, brought significant expertise in PET production technologies, including bio-based variants. The company’s experience in large-scale PET manufacturing combined with ALPLA’s packaging expertise creates a powerful combination for delivering sustainable packaging solutions. Their focus on integrating renewable content into high-volume packaging applications drives market adoption.

Sustainability Initiatives:

• Integration of bio-based materials into packaging portfolios

• Development of lightweight, sustainable packaging designs

• Global recycling initiatives complementing bio-based offerings

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1️⃣ 10. Ford Motor Company

Headquarters: Dearborn, Michigan, USA
Key Offering: Bio-based materials for automotive applications

Ford Motor Company represents a major driving force in bio-based PET demand through its extensive use of sustainable materials in vehicle manufacturing. The automaker incorporates bio-based plastics, including PET, in various interior components, demonstrating the material’s versatility beyond packaging. Ford’s commitment to sustainable manufacturing has created significant pull-through demand for bio-based polymers.

Sustainability Initiatives:

• Use of bio-based materials in seat fabrics, interior trim, and components

• Commitment to use 100% renewable and recyclable materials in vehicles

• Pioneering research into new bio-based material applications

Get Full Report Here:
Bio based PET Market – View in Detailed Research Report

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🌍 Outlook: The Future of Bio-based PET Is Renewable and Circular

The bio-based PET market is undergoing a significant transformation. While traditional petroleum-based PET still dominates production volumes, the industry is investing substantially in renewable alternatives, advanced biorefining technologies, and circular economy models.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion for bio-based monomers in Asia, Europe, and Americas

• Regulatory push for bio-content mandates in packaging by 2030

• Digitalization of supply chains for traceability and carbon accounting

• Brand-manufacturer alliances for carbon reduction and circularity

Get Full Report Here:
Bio based PET Market – View in Detailed Research Report

The companies listed above are not only supplying sustainable materials—they’re leading the renewable revolution in the plastics industry.