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Southeast Asia Bio-Based Polyethylene Terephthalate Market Size, Share, Growth: By Application: Bottles, Textile Fabrics, Sheet and Foam, Film and Adhesive Tapes, Others; By End-Use: Beverages, Food Industry, Textile, Automotive, Others; By Distribution Channels; Competitive Landscape; Key Trends and Developments in the Market; 2018-2028

Southeast Asia Bio-Based Polyethylene Terephthalate Market Outlook 

The Southeast Asia bio-based polyethylene terephthalate market size is expected to grow at a CAGR of 12.4% between 2023 and 2028. The market is being driven by the growing demand for bio-based polyethylene terephthalate in the packaging industry owing to the growing trade of food, beverages, and pharmaceutical products. 

 

Key Trends in the Market

Bio-based polyethylene terephthalate (PET) is a thermoplastic packaging product which is obtained from renewable raw materials and fossil fuels. Bio-based PET is costlier than the conventional PET but exhibits superior barrier and thermal properties. Bio-based polyethylene terephthalate is recyclable and contains around 30% monoethylene glycol (MEG). Further, the high breaking strength of the product makes it useful in the packaging sector, leading to a greater Southeast Asia bio-based polyethylene terephthalate market growth.

 

  • The stringent regulations by governments in the region aimed towards curbing carbon emissions and reducing the impact of the packaging sector on the environment are likely to propel the demand for bio-based polyethylene terephthalate.
     
  • There is heightened application of bio-based polyethylene terephthalate across various end-use industries including pharmaceuticals, textiles, and food, among others. The increasing sale of carbonated beverages, energy drinks, and alcoholic beverages in the region is further fuelling the Southeast Asia bio-based polyethylene terephthalate market.
     
  • The growing expansion of the e-commerce industry is another crucial market driving trend aiding the demand for bio-based polyethylene terephthalate, as there is an increased demand for sustainable packaging options for products purchased online. 

 

Market Analysis 

Based on application, the market can be segmented into bottles, textile fabrics, sheet and foam, and film and adhesive tapes, among others. On the basis of end-use, the market can be classified into beverages, food industry, textile, automotive, and pharmaceuticals, among others. By distribution channels, the market has been categorised into direct and indirect. Based on country, the Southeast Asia market for bio-based polyethylene terephthalate can be divided into Indonesia, Malaysia, Thailand, Vietnam, Singapore, and the Philippines.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Southeast Asia bio-based polyethylene terephthalate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Teijin Limited
     
  • Indorama Ventures
     
  • Braskem
     
  • FKuR Kunststoff GmbH
     
  • Toray Industries, Inc.
     
  • Far Eastern New Century Corporation
     
  • Others

 

Market Share by Application

The bottles segment, based on application, holds a significant share in the Southeast Asia bio-based polyethylene terephthalate market. Bio-based PET bottles are used for manufacturing diverse edible and personal care products such as soda, juice, carbonated drinks, shampoo, and liquid soap, among others. Bio-based PET is recyclable, which is leading to a large-scale production of recyclable PET bottles, expected to be used in the food industry. In addition to this, 60% energy is saved during the production of the new bio-based PET bottle. 

 

Meanwhile, bio-based PET film and adhesive tapes are extensively utilised in oil and natural gas transportation pipes, which is further fuelling the Southeast Asia market for bio-based polyethylene terephthalate.

 

Market Share by End-Use

The food industry accounts for a healthy share of the Southeast Asia bio-based polyethylene terephthalate market based on end use. Bio-based polyethylene terephthalate is widely used in the packaging process of clean-labelled food products such as ready-to-eat cooked meat products, vegetables, and fruits, among others. Over the forecast period, the anticipated increase in the domestic demand for premium packaged food products in this region is expected to propel the application of bio-based polyethylene terephthalate in the food industry. 

 

The automotive industry, on the other hand, is generating a significant demand for bio-based polyethylene terephthalate to produce high-grade automotive products with minimal impact on the environment. In the coming years, the anticipated increase in demand for passenger and commercial electric vehicles is expected to bolster the Southeast Asia market for bio-based polyethylene terephthalate.

 

Competitive Landscape

Teijin Limited is a leading Japanese chemical manufacturing company headquartered in Tokyo. The company was established in the year 1918 and has a total workforce of 21.815. Teijin Limited caters to the demands of various industries such as healthcare, IT, and materials, among others.

 

Indorama Ventures is a prominent petrochemical producer which operates in more than 35 countries and has a total of 147 manufacturing facilities. With a workforce of 26,000 employees, Indorama Ventures is a significant producer and recycler of polyethylene terephthalate polymers. 

 

Braskem: is one of the largest chemical and petrochemical producers around the world. The company was established in the year 2002 and is currently headquartered in Sao Paulo, Brazil. This company offers innovative solutions to various end use industries including housing, food and beverage, and mobility, among others.

 

Other market players include FKuR Kunststoff GmbH, Toray Industries, Inc., and Far Eastern New Century Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End-Use
  • Distribution Channels
  • Region
Breakup by Application
  • Bottles
  • Textile Fabrics
  • Sheet and Foam
  • Film and Adhesive Tapes
  • Others
Breakup by End-Use
  • Beverages
  • Food Industry
  • Textile
  • Automotive
  • Pharmaceuticals
  • Others
Breakup by Distribution Channels
  • Direct
  • Indirect
Breakup by Region
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Singapore
  • Philippines
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Teijin Limited
  • Indorama Ventures
  • Braskem
  • FKuR Kunststoff GmbH
  • Toray Industries, Inc.
  • Far Eastern New Century Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Bio-Based Polyethylene Terephthalate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bio-Based Polyethylene Terephthalate Historical Market (2018-2022) 
    8.3    Global Bio-Based Polyethylene Terephthalate Market Forecast (2023-2028)
9    Southeast Asia Bio-Based Polyethylene Terephthalate Market Analysis, By Value and Volume
    9.1    Key Industry Highlights
    9.2    Southeast Asia Bio-Based Polyethylene Terephthalate Historical Market (2018-2022) 
    9.3    Southeast Asia Bio-Based Polyethylene Terephthalate Market Forecast (2023-2028)
    9.4    Southeast Asia Bio-Based Polyethylene Terephthalate Market by Application
        9.4.1    Bottles
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2022)
            9.4.1.3    Forecast Trend (2023-2028)
        9.4.2    Textile Fabrics
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2022)
            9.4.2.3    Forecast Trend (2023-2028)
        9.4.3    Sheet and Foam
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2018-2022)
            9.4.3.3    Forecast Trend (2023-2028)
        9.4.4    Film and Adhesive Tapes
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2018-2022)
            9.4.4.3    Forecast Trend (2023-2028)
        9.4.5    Others
    9.5    Southeast Asia Bio-Based Polyethylene Terephthalate Market by End-Use
        9.5.1    Beverages
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2018-2022)
            9.5.1.3    Forecast Trend (2023-2028)
        9.5.2    Food Industry
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2018-2022)
            9.5.2.3    Forecast Trend (2023-2028)
        9.5.3    Textile
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2018-2022)
            9.5.3.3    Forecast Trend (2023-2028)
        9.5.4    Automotive
            9.5.4.1    Market Share
            9.5.4.2    Historical Trend (2018-2022)
            9.5.4.3    Forecast Trend (2023-2028)
        9.5.5    Pharmaceuticals
            9.5.5.1    Market Share
            9.5.5.2    Historical Trend (2018-2022)
            9.5.5.3    Forecast Trend (2023-2028)
        9.5.6    Others
    9.6    Southeast Asia Bio-Based Polyethylene Terephthalate Market by Distribution Channels
        9.6.1    Direct
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2018-2022)
            9.6.1.3    Forecast Trend (2023-2028)
        9.6.2    Indirect
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2018-2022)
            9.6.2.3    Forecast Trend (2023-2028)
    9.7    Southeast Asia Bio-Based Polyethylene Terephthalate Market by Country
        9.7.1    Indonesia
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2018-2022) 
            9.7.1.3    Forecast Trend (2023-2028)
        9.7.2    Malaysia
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2018-2022) 
            9.7.2.3    Forecast Trend (2023-2028)
        9.7.3    Thailand
            9.7.3.1    Market Share
            9.7.3.2    Historical Trend (2018-2022) 
            9.7.3.3    Forecast Trend (2023-2028)
        9.7.4    Vietnam
            9.7.4.1    Market Share
            9.7.4.2    Historical Trend (2018-2022) 
            9.7.4.3    Forecast Trend (2023-2028)
        9.7.5    Singapore
            9.7.5.1    Market Share
            9.7.5.2    Historical Trend (2018-2022) 
            9.7.5.3    Forecast Trend (2023-2028)
        9.7.6    Philippines
            9.7.6.1    Market Share
            9.7.6.2    Historical Trend (2018-2022) 
            9.7.6.3    Forecast Trend (2023-2028)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Teijin Limited
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Indorama Ventures
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Braskem
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    FKuR Kunststoff GmbH
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Toray Industries, Inc.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Far Eastern New Century Corporation
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Based Polyethylene Terephthalate Market: Key Industry Highlights, 2018 and 2028
2.    Southeast Asia Bio-Based Polyethylene Terephthalate Market: Key Industry Highlights, 2018 and 2028
3.    Southeast Asia Bio-Based Polyethylene Terephthalate Historical Market: Breakup by Application (USD Million), 2018-2022
4.    Southeast Asia Bio-Based Polyethylene Terephthalate Market Forecast: Breakup by Application (USD Million), 2023-2028
5.    Southeast Asia Bio-Based Polyethylene Terephthalate Historical Market: Breakup by End Use (USD Million), 2018-2022
6.    Southeast Asia Bio-Based Polyethylene Terephthalate Market Forecast: Breakup by End Use (USD Million), 2023-2028
7.    Southeast Asia Bio-Based Polyethylene Terephthalate Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
8.    Southeast Asia Bio-Based Polyethylene Terephthalate Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
9.    Southeast Asia Bio-Based Polyethylene Terephthalate Historical Market: Breakup by Country (USD Million), 2018-2022
10.    Southeast Asia Bio-Based Polyethylene Terephthalate Market Forecast: Breakup by Country (USD Million), 2023-2028
11.    Southeast Asia Bio-Based Polyethylene Terephthalate Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 12.4% in the forecast period of 2022-2028. 

The favourable policies of governments in the region encouraging the use of eco-friendly products and growing expansion of the end use industries including automotive and textile, are the major drivers of the Southeast Asia bio-based polyethylene terephthalate market.

The key trends in the market include the increasing awareness pertaining to environment pollution and the thriving e-commerce industry which is fuelling the sale of packaged products. 

Bottles, textile fabrics, sheet and foam, and film and adhesive tapes, among others are the different applications of bio-based polyethylene terephthalate.

Bio-based polyethylene terephthalate is natural and is made up of 100% renewable materials. 

Yes, bio-based polyethylene terephthalate is 100% recyclable and can be used more than once. 

Indonesia, Malaysia, Thailand, Vietnam, Singapore, and the Philippines., are the major regions in the market.

Teijin Limited, Indorama Ventures, Braskem, FKuR Kunststoff GmbH, Toray Industries, Inc., and Far Eastern New Century Corporation, among others, are the key market players, according to the report.

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