Bio-PET Film Market: Global Industry Analysis and Forecast (2025-2032)

The Global Bio-PET Film Market size was valued at USD 77.3 Mn. in 2024, and the total Bio-PET Film Market revenue is expected to grow by 14% from 2024 to 2032, reaching nearly USD 220.6 Mn.
Bio-PET Film Market Overview
The bio-PET film is a polyester film that serves as an alternative. It offers packaging that is both transparent and greater affordable compared to traditional PET packaging. It also offers extreme tensile power, dimensional stability, aroma barrier, electrical insulation, and eco-friendly safety. The production of plant-based bio-PET film lessens 25% carbon emission over fossil PET resin, thanks to innovative co-polymerization technology. The bio-PET film market growth is driven by factors like a shift toward bioplastics, governmental regulations, and the increasing usage of bio-PET film in end-user applications like packaging, cosmetics, prescribed drugs, and diverse industries.

The adoption rate of Bio-PET film is expected to grow at a rapid rate because of a shift in various quit-use industries closer to environment-friendly merchandise and packages. The bio-based films make a significant contribution to protecting the finite resources of the planet. Bio-PET film is easily recycled and decreases dependence on crude oil price instability to some extent. On the other hand, a fluctuation in the prices of raw materials is expected to limit the growth of the bio-PET film market. The prices of raw materials are based on the adverse weather, the economy, and other conditions. Also, the inability of any supplier of raw materials, independent co-packer, or third-party distributor to deliver or perform in a timely or cost-effective manner is expected to negatively impact and reduce the profit margins of bio-PET film sales revenue. As consumer interests in the environment are increasing, revenues from bio-PET films are also constantly growing. Many companies are focusing primarily on their products for packaging solutions at the end of the finishing process when considering the topic of sustainability. The LOTTE Chemical has adopted the strategies to expand and strengthen the eco-friendly business as Korea’s No. 1 PET manufacturer by substituting all 70,000 tons of PET produced at the Yeosu Plant with bio-PET by 2030.

Key players operating in the Bio-PET Film market have to acquire an Environmental Declaration Certificate for the Bio-PET material production. Sustainability is a top priority in the global Bio-PET Film Market. Key manufacturers are always searching for innovative raw materials that offer BIO PET film products for the packaging and printing sector. The Bio-PET Film market is growing at a rapid rate, the growth is driven by growing prospects for recycled plastic products and growing environmental concerns, which lead to land pollution. Energy conservation, concentrated greenhouse emissions, and condensed pollution are expected to spice up the marketplace for Bio-PET Film. Moreover, government initiatives towards Bio-PET Film and increased awareness among people are driving the plastic Bio-PET Film market. New entrance key players have to build and maintain long-lasting and effective relationships with consumers to remain competitive in the Bio-PET Film market. The threat or power of potential entrants in the Bio-PET Film market is less. The business segment in India is undergoing an astounding change of perception and evolution.
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Global Bio-PET Film Market Dynamics:
An increase in Focus on Circular Economy and Recyclability is expected to drive bio-PET film Production.

The Bio-PET Film Market is experiencing a reflective transformation, which is driven by a global pivot toward sustainability. An increase in awareness about climate change, the requirement of low carbon emissions, and plastic pollution are some of the prominent factors that have shifted both consumer behaviour and end-user industrial practices. Key players across the end-user industries like packaging, automotive, and electronics sectors are destructively integrating bio-based replacements into their Bio-PET Film production value chains.

The Bio-Market has gained substantial traction as a preferred solution because of its dual benefit of derivation from renewable sources like sugarcane and its compatibility with existing PET film recycling infrastructure. Time to switch to sustainable strapping is encouraging key players to invest in the Bio-PET Film production business.

Resourcefulness and a collaborative approach are considered to drive the investment scenario in the market, which advocates for greater resources and investing more to gain competitive benefits by key players. Additionally, mobilization of investment support from manufacturers and R&D expenditure for the introduction of innovative solutions is expected to help attract the cash inflows in the Bio-PET Film market. The benefits of substituting regular straps with Bio-PET films are helping to save the environment from the detrimental effects of plastic. The production process results in lower carbon emissions are offering key opportunities for new entrant key players in the market. One of the main growth driving factors for the Bio-PET Film Market is its recyclability and biodegradability.

Outmoded PET films are derived from petroleum-based feedstock, which is contributing to high carbon emissions and restricted resource depletion. Bio-PET films retain identical chemical properties to conventional PET, which is expected to drive the adoption rate of the Bio-PET films. It also permits for unified incorporation into traditional PET film recycling systems, which are striving to close the loop for the circular economy. The food and beverage industry has committed to integrating 100% recyclable packaging for food items by 2032, which is expected to push demand for materials like Bio-PET during the forecast year.
Bio-PET Film Market Recent Trends
The usage of bio-based materials is one of the key trends in the Bio-PET Film Market.

An increase in the use of bio-based materials is one of the key trends in the Bio-PET film market. The demand for bio-based materials is expected to increase due to factors like growth in eco-friendly concerns, strict environmental regulations, and consumer demand for sustainable packaging solutions across end-user industries. The traditional PET films are derived completely from fossil fuels. The global push toward a reduction in the dependency on fossil fuels is expected to drive the demand for Bio-PET film production. It delivers a suitable solution that lessens reliance on fossil fuels. A transition toward bio-based alternatives is encouraging key players operating in the market to produce innovative Bio-PET film, as it aligns with wide-ranging initiatives to reduce carbon emissions and the environmental footprint associated with conventional plastics. Moreover, improvements in waste management technologies and infrastructure are expected to contribute to the adoption of bio-based materials. An integration of bioplastics into waste management systems is gaining more feasibility with the expansion of progressive composting facilities and recycling processes.

Consumers are looking for environmentally friendly packaging solutions that drive Bio-PET Film Production.

Consumer preference is shifting strongly toward environmentally sensitive brands. According to the MMR research, over 65% of consumers are ready to pay a premium for products with sustainable packaging. The bio-based PET film offers a feasible and technically efficient substitute to petroleum-based films that drive a requirement in the packaging industry. A trend toward sustainable branding and green labelling is driving the demand for Bio-PET film in the Bio-PET Film Market. Some of the prominent beverage companies have begun implementing Bio-PET bottles and labels to align with sustainability initiatives. They are also transitioning to bio-based packaging for e-commerce deliveries, which is expected to improve brand equity and respond to eco-conscious consumer demand for Bio-PET adoption.
Bio-PET Film Market: Recommendations for Investors
Sustainability is a key driving force in the innovation and development of Bio-PET Film technology. If new entrants make significant investments and build their position as a Bio-PET film provider, they will eventually lead to strong rivalry in the global Bio-PET film market during the forecast period. New entrants are expected to form their robust footprint across the globe by following a number of federal, state, local, and multi-national regulations related to packaging, pricing, marketing, and advertising. In addition, new entrants are expected to contribute a significant share to the market by building capacities and spending money on research and development.

Many market key players have to take into consideration regarding with various federal, state, local, and international laws governing the environment, like the storage, use, discharge, disposal, product composition, and hazardous and toxic materials. Key players are facing complexity in their production and procurement operations because of the evolving nature of environmental compliance regulations and standards, and specific customer compliance requirements. The identification of paybacks for end-user industry applications, along with the conceptualization of safe packaging systems, is expected to positively influence shareholder readiness to invest in the Bio-PET film market. The detailed analysis of the Bio-PET Film Market has been provided in the final Bio-PET Film Market report.
Bio-PET Film Industry Regulations:
The quality criterion of Bio-PET Film production includes the legal requirements for packaging material. The quality means submission with the legal requirements and BfR specifications for the packaging sector. Ecological and environmental aspects are important criteria for Bio-PET Film packaging. It results in specifications that the packaging material requires to fulfil, and which should be precisely defined in development. Consumers are demanding transparent and sustainable packaging with usage properties. The bio-PET film is expected to reduce the usage of mineral oil-based packaging solutions because of the identical composition of the packaging material.

The bio-based content of Bio-PET has to be certified by the U.S. Department of Agriculture (USDA), which aims to reduce reliance on petroleum, increase the usage of renewable cultivated resources, and reduce adverse environmental and health impacts. The Environmental declaration is the attributed certification consulted by the Ministry of Environment to recognize the products, which contribute to ‘environmental friendliness’ by saving resources. It helps to reduce emissions in the process of manufacture, distribution, consumption, and disposal of bio-PET films. The certification's purpose is to provide consumers with information so they can compare and choose environmentally-friendly products and inspire companies to develop bio-PET film products. The bio-PET by LOTTE Chemical has been certified by the announcement diminishes carbon dioxide emission by 28% compared to the petrochemical PET. It carries the same level of quality as the existing PET with exceptional workability, thermal stability, and transparency.
Global Bio-PET Film Market: Porter’s Five Forces Analysis
The threat of new entrants in the Bio-PET film market is low because of significant entry barriers. Initially, key players need huge capital investment and also need to follow protocols that meet government regulations for food safety. High capital investment requirements, limited access to bio-based raw materials are some of the key barriers, which are expected to limit investment from potential new entrants in the market. On the other hand, established players are defining the standards regularly, which is expected to reduce the window of extraordinary profits for new players in the Bio-PET film industry. Customers in food packaging, electronics, and labelling sectors are preferring tested, certified suppliers because of performance reliability and regulatory compliance, which is expected to drive investment in the Bio-PET film production. On the other hand, low profit margins and industry concentration intensify competition are encouraging companies to focus on technological advancements, partnerships, and sustainable certifications to maintain Bio-PET film market share. The report covers a detailed analysis of the Bio-PET film market, Porter’s Five Forces Analysis, with a detailed explanation.
Global Bio-PET Film Market Segment Analysis
Based on the Film Type, the Bio-PET Film market is segmented into Laminating Film, Universal Film, Electrical Insulating Film, Capacitor Film, and Others. The Laminating Film type sector held the leading position in the global Bio-PET Film market with a share of more than 34% in 2024. Laminating films are preferred in flexible packaging, predominantly in the end-user industries like food and beverage, pharmaceutical, electrical & electronics, and consumer goods industries. The Laminating Film type offers robust barrier security, clearness, durability, and printability efficiently. Bio-PET films are preferred for laminating applications because of their features, like outstanding optical properties, high transparency, and clarity benefits.

It makes them an ideal choice for laminating applications where upholding the perceptibility and appearance of the fundamental material is vital, like laminated photos and documents. On the other hand, the electrical insulating film segment is expected to grow at a rate of more than 14% rate of CAGR during the forecast period. The usage of Bio-PET film in the electronics industry is expected to become widespread because of its durability and suitability for long-term applications. The need for effective insulating materials in the electronics sector is expected to boost the adoption of Bio-PET film in electrical insulation. Bio-PET film has a high dielectric strength, which makes it a suitable option for use in high-voltage applications.

Based on the Application, the Bio-PET Film market is segmented into Packaging, Printing, Decoration, Electrical & Electronics, and Others. The packaging segment held the dominant position in the global Bio-PET Film market with a share of more than 45% in 2024. Global megatrends like rapid urbanisation and population growth are increasing the requirement for packaging. The consumers are requiring sustainability and safety from the packaging of their favourite brands, which is expected to boost the adoption of Bio-PET Film in the packaging sector.

E-commerce packaging has become more significant within the packaging industry as online shopping grows rapidly. Bioplastic substitutes are now available for almost every conventional plastic material and corresponding application. The demand for sustainable products by consumers and brands is increasing at a rapid rate because of high awareness of the impact on the environment. Capital investment in the Bio-PET Film Market is increasing as packaging companies are announcing expansion plans to meet the rising demand for bio-based packaging material. The Packaging segment has remained the major segment, which is accounting for approximately 60% of global consumption. The food and beverage packaging industry has witnessed the adoption of Bio-PET as a replacement for oil-based films to meet net-zero carbon emissions.
Bio-PET Film Market Regional Insights
Asia Pacific Held the dominant Position in the global bio-PET Film Market
The Asia Pacific region held the dominant position in the Global Bio-PET Film Market, with a share of more than 36.10%. The region is projected to be the leading region during the forecast period with a CAGR of more than 15%. The major developing countries like China, India, and Japan are contributing more than 70% share in terms of production volume and consumption. The strong manufacturing infrastructure and increasing policy-level support for bio-based materials are some of the prominent factors that are driving the demand for Bio-PET Film. India is emerging as a center for the high-growth Bio-PET Film market because of the presence of a large middle-class population, a rise in awareness about eco-friendly packaging, and government directives phasing out single-use plastics. The financial incentives and grants provided by governments and regulatory bodies are driving the implementation of Bio-PET films. Many ASEAN countries are employing policies that encourage the usage of environmentally friendly materials by contributing financial support, tax credits, or other incentives to businesses.
Europe Bio-PET Film Market Insights:
Europe held the Second leading position in the global Bio-PET film Market. The presence of a strong focus on sustainability and environmental protection population is expected to drive the demand for Bio-PET film. An increase in awareness of plastic pollution and its influence on the environment sector is driving the need for Bio-PET film adoption across countries like the UK, Germany, France, Italy, Austria, Sweden, Spain, and the rest of European countries. The region is known for prominently circular economy goals like the EU Plastics Strategy, which is encouraging key players to substitute fossil-based plastics with sustainable solutions like Bio-PET Film production. The government incentives and subsidies for bio-based materials are expected to impact on the Bio-PET film demand in Europe. Some countries have introduced tax breaks for key players who are focusing on deploying their products with sustainable packaging.
North America Bio-PET Film Market Insights:
North America is experiencing steady growth in the global bio-PET Film Market, with a focus on sustainable consumer packaging. The United States is becoming a hotspot for Bio-PET Film adoption. North America is emerging as a demand center, mainly in the food and beverage industry. An increase in the adoption of plant-based food products, demand for clean-label cosmetics, and consumer preference for eco-friendly packaging formats is strengthening the need for Bio-PET films in developed countries like the USA and Canada. Many Beverage giants and quick-service restaurant chains are adopting Bio-PET Film products for food wraps and packaging as they shift toward bio-based films. Canada is positioning itself closely with the adoption of bio-based materials adoption trends. The consumer demand for transparency and innovations in sustainable product design is expected to boost the demand for Bio-PET film.
Bio-PET Film Market Competitive Landscape
In 2023, Suntory Holdings announced its collaboration with ENEOS Corporation for the assembly of used cooking oil in Japan. The company is also taking advantage of this collaboration to make bio-based PET bottles using Bio PET film. A global sustainable chemical producer- Indorama Ventures Public Company Limited- has formed a supply chain collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani, and Nest. Key players operating in the market are expected to launch the bio-PET file bottle for commercial scale, which is made from ISCC+ certified bio-paraxylene. The Suntory Group is expected to introduce the bio-PET bottles for designated products in Japan. The collaboration is expected to see the launch of about 45 million PET bottles for beverages made with that innovative material.
Bio-PET Film Market Scope: Inquire before buying



Bio-PET Film Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 77.3 Mn.


Forecast Period 2025 to 2032 CAGR:
14%
Market Size in 2032:
USD 220.6 Mn.


 Segments Covered:
by Film Type
Laminating Film
Universal Film
Electrical Insulating Film
Capacitor Film
Others


by Application
Packaging
Printing
Decoration
Electrical & Electronics
Others



Bio-PET Film Market by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, ASEAN, Indonesia, Philippines, Malaysia, Vietnam, Thailand, ASEAN, Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC, Nigeria, Rest of ME&A)
South America (Brazil, Argentina, Rest of South America)
Bio-PET Film Market Key Players
North America
1. Taghleef Industries (USA)
2. NatureWorks LLC (USA)

Europe
3. Carbios SA (France)
4. FKuR Kunststoff GmbH (Germany)
5. Futamura Group (UK)

Asia Pacific
6. Toray Industries Inc. (Japan)
7. TEIJIN LIMITED (Japan)
8. Far Eastern New Century (Taiwan)
9. Qingdao Kingchuan Yuanrong International Trading Co. (China)
10. Polyplex (India)
11. Lotte Chemical (South Korea)
12. Iwatani Corp (Japan)
13. PTT Global Chemical PCL ADR (Thailand)
14. Indorama Ventures PCL ADR (Thailand)
15. Toyota Tsusho Corporation (Japan)
16. LLY PACK(foshan) Co.,Ltd. (China)
17. Chintec Plastic Film (China)
18. KURARAY CO., LTD (Japan)
19. UFlex Limited (India)
20. Jindal Films (India)
Frequently Asked Questions
1. Which region has the largest share in the Global Bio-PET Film Market?
Ans: The Asia Pacific region held the highest share in 2024.

2. What is the growth rate of the Global Bio-PET Film Market?
Ans: The Global Market is expected to grow at a CAGR of 14% during the forecast period 2025-2032.

3. What is the scope of the Global Bio-PET Film Market report?
Ans: The Global Bio-PET Film Market report helps with the PESTEL, Porter's, Recommendations for Investors and leaders, and market estimation for the forecast period.

4. Who are the key players in the Global Bio-PET Film Market?
Ans: The important key players in the Global Bio-PET Film Market are Toray Industries Inc. (Japan), TEIJIN LIMITED (Japan), Far Eastern New Century (Taiwan), Qingdao Kingchuan Yuanrong International Trading Co. (China), Polyplex (India), Lotte Chemical (South Korea), Iwatani Corp (Japan), PTT Global Chemical PCL ADR (Thailand), Indorama Ventures PCL ADR (Thailand), Toyota Tsusho Corporation (Japan), and LLY PACK (Foshan) Co., Ltd. (China).

5. What is the study period of this market?
Ans: The Global Bio-PET Film Market is studied from 2024 to 2032.