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 propelled by escalating environmental regulations, a surge in demand for sustainable packaging from major brands, and significant technological advancements in bio-refining processes that are making renewable plastics more commercially viable.

As the global economy pivots towards a circular and low-carbon future, the materials industry is undergoing a profound transformation. The spotlight is now firmly on the pioneering companies developing Bio-based Polyethylene Terephthalate (PET)—a sustainable alternative derived from renewable biomass. In this blog, we profile the Top 10 Companies in the Bio-based PET Industry—a dynamic mix of chemical giants, packaging specialists, and biotechnology innovators who are reshaping the future of plastics.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Partially and Fully Bio-based PET Resins

Toray Industries is a global leader in advanced materials, with a formidable presence in the bio-plastics sector. The company leverages its deep expertise in polymer science to develop high-performance Bio-based PET resins that meet rigorous demands for clarity, strength, and recyclability. Toray supplies these innovative materials to a wide range of industries, including packaging, textiles, and automotive.

Sustainability Initiatives:

• Significant R&D investment in fully bio-based monomer production pathways

• Strategic partnerships with global brands to develop application-specific sustainable packaging solutions

• Commitment to carbon neutrality across its operations by 2050

Download FREE Sample Report: 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 (Bio-based PET)

The Coca-Cola Company is not just a major end-user but a key innovator in the Bio-based PET market. Its groundbreaking PlantBottle™ packaging, introduced in 2009, uses up to 30% plant-based materials and is fully recyclable. This initiative has positioned Coca-Cola as a corporate leader in sustainable packaging, driving significant demand and setting industry benchmarks.

Sustainability Initiatives:

• Ambitious goal to make all packaging 100% recyclable by 2025 and use 50% recycled material by 2030

• Open-source technology approach to encourage industry-wide adoption of PlantBottle™ innovation

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8️⃣ 3. Toyota Tsusho Corporation

Headquarters: Nagoya, Japan
Key Offering: Bio-PET supply chain management and distribution

Toyota Tsusho, the trading arm of the Toyota Group, plays a critical role in the Bio-based PET ecosystem through its extensive supply chain and logistics expertise. The company facilitates the global movement of bio-feedstocks and finished Bio-based PET resins, connecting producers with manufacturers across various industries.

Sustainability Initiatives:

• Investment in and development of biomass procurement networks, particularly in Southeast Asia

• Integration of Bio-based PET into the automotive sector for interior components

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Biofront™ (high-performance bio-based PET)

Teijin Limited is a technology-driven company renowned for its Biofront™ polymer, a high-performance, fully bio-based PET with a melting point approximately 30°C higher than conventional PET. This superior thermal resistance makes it ideal for demanding applications in automotive parts, electronics, and high-grade textiles.

Sustainability Initiatives:

• Focus on developing bio-polymers that offer performance advantages over fossil-based alternatives

• Commitment to achieving net-zero emissions by 2050 through its “T-ENDURANCE” management vision

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: CleanCloud™ (rPET and Bio-based PET packaging)

Plastipak is a leading global packaging and recycling company that has integrated Bio-based PET into its portfolio of sustainable solutions. Through its proprietary CleanCloud™ technology, Plastipak manufactures bottles and containers using renewable materials, serving major consumer goods brands worldwide.

Sustainability Initiatives:

• Pioneering the production of food-grade rPET and Bio-based PET in high volumes

• Operates one of the world’s largest plastic bottle-to-bottle recycling plants

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5️⃣ 6. Braskem S.A.

Headquarters: São Paulo, Brazil
Key Offering: Green Polyethylene (I’m green™) and bio-based MEG

Braskem is the largest producer of thermoplastic resins in the Americas and a global pioneer in bio-polymers. While renowned for its sugarcane-based Green PE, Braskem is a crucial player in the Bio-based PET value chain as a supplier of bio-based monoethylene glycol (MEG), a key raw material.

Sustainability Initiatives:

• World’s first industrial-scale production of green polyethylene from sugarcane

• Target to expand its portfolio of renewable products and achieve carbon neutrality by 2050

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4️⃣ 7. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: Bio-based and biodegradable polymers (including PET analogues)

Novamont is an Italian pioneer in the bio-plastics sector, focusing on developing integrated biorefinery models that convert renewable raw materials into high-value bioproducts. The company’s expertise in creating biodegradable and compostable plastics positions it as an influential innovator in the broader sustainable polymers landscape, including bio-based PET alternatives.

Sustainability Initiatives:

• Development of integrated biorefineries that utilize marginal lands for feedstock cultivation

• Strong focus on creating circular economy models for plastics

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3️⃣ 8. Avantium N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: PEF (Polyethylene Furanoate) – a next-generation bio-based polymer

Avantium is a leading chemical technology company developing revolutionary bio-based plastics. Its flagship product, PEF (polyethylene furanoate), is a 100% plant-based polymer that offers superior barrier and thermal properties compared to conventional PET, positioning it as a next-generation alternative.

Sustainability Initiatives:

• Construction of the world’s first commercial-scale PEF plant in the Netherlands

• Partnerships with major brands like Coca-Cola and Danone to commercialize PEF applications

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2️⃣ 9. ALPLA Group (including M&G Chemicals)

Headquarters: Hard, Austria
Key Offering: Bio-based PET packaging solutions

ALPLA is a global packaging solutions specialist with a strong focus on sustainability. Following its acquisition of M&G Chemicals’ PET assets, ALPLA has enhanced its capabilities in producing and utilizing Bio-based PET for a wide array of packaging applications, from beverage bottles to personal care products.

Sustainability Initiatives:

• Investment in advanced recycling technologies to complement its bio-based offerings

• Goal to increase the use of recycled and renewable materials across its product portfolio

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1️⃣ 10. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: Integrated PET value chain including Bio-based PET

As one of the world’s leading PET producers, Indorama Ventures has a significant stake in the sustainable evolution of the plastics industry. The company is actively investing in and developing Bio-based PET technologies, leveraging its massive production scale and global reach to bring renewable plastics to mainstream markets.

Sustainability Initiatives:

• Substantial investments in recycling and bio-based technologies as part of its sustainability vision

• Commitment to recycling PET and expanding the use of renewable feedstocks

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 Integrated and Circular

The Bio-based PET market is at a pivotal juncture. While currently representing a fraction of the overall PET market, it is poised for accelerated growth as sustainability becomes a core business imperative across industries. The future will be defined by an integrated approach that combines bio-based materials with advanced recycling to create a truly circular economy for plastics.

📈 Key Trends Shaping the Market:

• R&D breakthroughs enabling cost-competitive fully bio-based PET production

• Blending mandates and regulatory push for bio-content in packaging, particularly in Europe and North America

• Strategic partnerships between chemical companies, brand owners, and waste management firms to close the loop

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 engineering the green transformation of the global plastics industry.