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Last Updated: Apr 25, 2025 | Study Period: 2022-2030
PET is a thermoplastic substance that is used to make bottles, films, and textile fibres. PET is a kind of polyester.
It is extensively used in the packaging industry and is composed of 30% monoethylene glycol (MEG) and 70% terephthalic acid by weight. Instead of using fossil fuels, renewable plant-based raw materials are used to make MEG for bio-PET.
Using sugar cane ethanol, bio-MEG is produced. It costs between 20â40% more than standard PET. The process for making monoethylene glycol begins with the ethanol made from sugar cane in Brazil (MEG).
Bio-PET is a drop-in replacement that may be added to the current recycling system.

The Global BIO PET cups market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
Good Natured Goods Inc., a pioneer in eco-friendly plant-based products in North America, is happy to announce the release of food-safe Bio-PET, a revolutionary thermoformed packaging material made to successfully coexist in the recycling stream with petroleum-based packaging.
good natured Packaging and extruded rollstock sheets made of bio-PET material will comprise 20â30% plant-based material, up to 50% recycled material, and be approved by curbside recycling programmes in both the US and Canada.
The array of bioplastics offered by the company includes bio-PET material. good natured, bioplastics are identical to petroleum-based polymers like PET and HDPE, which are frequently used in plastic packaging. Bio-PET can be fully combined with conventional PET and processes, forms, and functions exactly like PET.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2030 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |