Polybutylene Adipate Terephthalate (PBAT) Market: By Application (Composite Bags, Coatings and Adhesive, Molded Products, Fibers, Bin Bags, Mulch Films, Cling Films, Stabilizers, Others), By End-User Outlook (Packaging, Agriculture and Fishery, Consumer goods and Homecare, Biomedical, Others), By Grade (Thermoforming Grade, Extrusion Grade, Others) and Region and Forecast

Purchase Option

$ 4400
$ 6600
$ 8900

Polybutylene Adipate Terephthalate (PBAT) Market was valued at USD 1,430.2 million in 2023 and is poised to grow at a significant CAGR of 13.5% from 2024-2030. Polybutylene adipate terephthalate (PBAT) is a copolymer that is a biodegradable, semi-aromatic thermoplastic that is highly flexible, and tough and has a wide range of applications in packaging materials, biomedical products, industrial composting and hygiene products. These novel properties of PBAT make it an ideal choice for manufacturers to make biodegradable products and its packaging to cater to rising environmental issues caused by non-degradable plastics. According to Statista, each year more than 430 million tons of plastic is produced, out of this two third is one time use plastics. In addition, 11 million metric tons of plastic enter our oceans each year. PBAT provides a versatile option for these nonbiodegradable plastics owing to its properties like biodegradability, composability, being a renewable resource and providing a good barrier against gases and liquids helping to extend the shelf life of packaged goods and food items.

Due to its adaptability and hardness, it is used in manufacturing products such as cling films, composite bags, bin bags and mulch films. PBAT products are rapidly gaining popularity in the market owing to the increasing adoption of biodegradable plastics across the globe, increasing awareness among people, demand for high-quality food and preference for biodegradable mulch films in agriculture. But the lockdown imposed due to the COVID-19 pandemic has resulted in decreased demand for PBAT products, also, the revenue growth of PBAT has reduced owing to its high costs, availability of cheaper substitutes, supply chain disruption and more preference for cheaper and conventional non-biodegradable plastics. However, the market is expected to revive owing to the high demand from end-user industries, rise in biodegradable plastic in packaging, increase in preference for packaged food, favourable government policies towards green procurement, profitable opportunities to the market players are expected to fuel the polybutylene adipate terephthalate (PBAT) market in the forecast years. Furthermore, countries like India in 2022, Zimbabwe in 2017 and several countries are imposing a total ban on the use of single-use plastics thus further increasing the polybutylene adipate terephthalate (PBAT) market.

Polybutylene Adipate Terephthalate (PBAT) Market Key Developments

  • In August 2022, Reliance Industries Ltd (RIL) developed a biodegradable and compostable polymer PBAT to replace fossil fuel-based raw material into a sustainable substitute.
  • In September 2021, LG signed an MOU for eco-friendly biodegradable material (PBAT) with TK Chemicals

Polybutylene Adipate Terephthalate (PBAT) Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.50%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Polybutylene adipate terephthalate (PBAT) Market Dynamics

The market is expected to rise owing to the awareness toward the use of biodegradable plastics, increased use of PBAT packaging for food material because of its anti-microbial property, government policies to promote the use of bioplastics, rapid urbanization and increased preference to PBAT mulching films for its composting property. The utilization of polybutylene adipate terephthalate (PBAT) across the various end-user industries such as packaging, agriculture, consumer goods and medical research is estimated to carve a way through the market. Moreover, it has a wide range of applications across industries such as consumer goods, athletic goods, coating, carpets, foam materials, electronics, agriculture, fisheries and packaging applications which are anticipated to fuel the growth of the polybutylene adipate terephthalate (PBAT) market over the forecast period.

Polybutylene Adipate Terephthalate (PBAT) Market Segmentation

By Application

  • Composite Bags
  • Coatings and Adhesive
  • Molded Products
  • Fibers
  • Bin Bags
  • Mulch Films
  • Cling Films
  • Stabilizers
  • Others

By Grade

  • Thermoforming grade
  • Extrusion Grade
  • Others

By End User

  • Packaging
  • Agriculture & Fishery
  • Consumer Goods and Homecare
  • Biomedical
  • Others

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The global polybutylene adipate terephthalate market size was valued at US$ 1,430.2 million in 2023 and is projected to grow at a CAGR of 13.50% from 2024 to 2030.

The key segments covered in the polybutylene adipate terephthalate (PBAT) market are technology, components, application, and end-users.

The Polybutylene adipate terephthalate (PBAT) market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Polybutylene adipate terephthalate (PBAT) market key players are BASF SE, SK Chemicals, DuPont de Nemours, Inc., LyondellBasell Industries N.V., SABIC, Covestro AG, Mitsubishi Chemical Holdings Corporation, LG Chem Ltd., Feddersen Group, Novamont S.p.A., JinHui ZhaoLong High Technology Co., Ltd., Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., Jiangsu Sanfangxiang Group Co., Ltd., Far Eastern New Century Corporation, DAK Americas, Mitsui Chemicals, Inc., Reliance Industries Limited

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Polybutylene Adipate Terephthalate (PBAT) Market Introduction 
2.1.Global Polybutylene Adipate Terephthalate (PBAT) Market  - Taxonomy
2.2.Global Polybutylene Adipate Terephthalate (PBAT) Market  - Definitions
2.2.1.Application
2.2.2.Grade
2.2.3.End User
2.2.4.Region
3. Global Polybutylene Adipate Terephthalate (PBAT) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Polybutylene Adipate Terephthalate (PBAT) Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Polybutylene Adipate Terephthalate (PBAT) Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Composite Bags
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Coatings and Adhesive
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Molded Products
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Fibers
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Bin Bags
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Mulch Films
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Cling Films
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Stabilizers
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
5.9. Others
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market Opportunity Analysis 
6.Global Polybutylene Adipate Terephthalate (PBAT) Market  By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Thermoforming grade
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Extrusion Grade
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Others
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Polybutylene Adipate Terephthalate (PBAT) Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Packaging
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Agriculture & Fishery
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Consumer Goods and Homecare
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Biomedical
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Polybutylene Adipate Terephthalate (PBAT) Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Polybutylene Adipate Terephthalate (PBAT) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Composite Bags
9.1.2.Coatings and Adhesive
9.1.3.Molded Products
9.1.4.Fibers
9.1.5.Bin Bags
9.1.6.Mulch Films
9.1.7.Cling Films
9.1.8.Stabilizers
9.1.9.Others
9.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Thermoforming grade
9.2.2.Extrusion Grade
9.2.3.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Packaging
9.3.2.Agriculture & Fishery
9.3.3.Consumer Goods and Homecare
9.3.4.Biomedical
9.3.5.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Polybutylene Adipate Terephthalate (PBAT) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Composite Bags
10.1.2.Coatings and Adhesive
10.1.3.Molded Products
10.1.4.Fibers
10.1.5.Bin Bags
10.1.6.Mulch Films
10.1.7.Cling Films
10.1.8.Stabilizers
10.1.9.Others
10.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Thermoforming grade
10.2.2.Extrusion Grade
10.2.3.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Packaging
10.3.2.Agriculture & Fishery
10.3.3.Consumer Goods and Homecare
10.3.4.Biomedical
10.3.5.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Polybutylene Adipate Terephthalate (PBAT) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Composite Bags
11.1.2.Coatings and Adhesive
11.1.3.Molded Products
11.1.4.Fibers
11.1.5.Bin Bags
11.1.6.Mulch Films
11.1.7.Cling Films
11.1.8.Stabilizers
11.1.9.Others
11.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Thermoforming grade
11.2.2.Extrusion Grade
11.2.3.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Packaging
11.3.2.Agriculture & Fishery
11.3.3.Consumer Goods and Homecare
11.3.4.Biomedical
11.3.5.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Polybutylene Adipate Terephthalate (PBAT) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Composite Bags
12.1.2.Coatings and Adhesive
12.1.3.Molded Products
12.1.4.Fibers
12.1.5.Bin Bags
12.1.6.Mulch Films
12.1.7.Cling Films
12.1.8.Stabilizers
12.1.9.Others
12.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Thermoforming grade
12.2.2.Extrusion Grade
12.2.3.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Packaging
12.3.2.Agriculture & Fishery
12.3.3.Consumer Goods and Homecare
12.3.4.Biomedical
12.3.5.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Polybutylene Adipate Terephthalate (PBAT) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Composite Bags
13.1.2.Coatings and Adhesive
13.1.3.Molded Products
13.1.4.Fibers
13.1.5.Bin Bags
13.1.6.Mulch Films
13.1.7.Cling Films
13.1.8.Stabilizers
13.1.9.Others
13.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Thermoforming grade
13.2.2.Extrusion Grade
13.2.3.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Packaging
13.3.2.Agriculture & Fishery
13.3.3.Consumer Goods and Homecare
13.3.4.Biomedical
13.3.5.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.BASF SE
14.2.2.SK Chemicals
14.2.3.DuPont de Nemours, Inc.
14.2.4.LyondellBasell Industries N.V.
14.2.5.SABIC
14.2.6.Covestro AG
14.2.7.Mitsubishi Chemical Holdings Corporation
14.2.8.LG Chem Ltd.
14.2.9.Feddersen Group
14.2.10.Novamont S.p.A.
14.2.11.JinHui ZhaoLong High Technology Co., Ltd.
14.2.12.Indorama Ventures Public Company Limited
14.2.13.Alpek S.A.B. de C.V. 
14.2.14.Jiangsu Sanfangxiang Group Co., Ltd.
14.2.15.Far Eastern New Century Corporation
14.2.16.DAK Americas
14.2.17.Mitsui Chemicals, Inc.
14.2.18.Reliance Industries Limited
15. Research Methodology 
16. Appendix and Abbreviations 
  • BASF SE
  • SK Chemicals
  • DuPont de Nemours, Inc.
  • LyondellBasell Industries N.V.
  • SABIC
  • Covestro AG
  • Mitsubishi Chemical Holdings Corporation
  • LG Chem Ltd.
  • Feddersen Group
  • Novamont S.p.A.
  • JinHui ZhaoLong High Technology Co., Ltd.
  • Indorama Ventures Public Company Limited
  • Alpek S.A.B. de C.V. 
  • Jiangsu Sanfangxiang Group Co., Ltd.
  • Far Eastern New Century Corporation
  • DAK Americas
  • Mitsui Chemicals, Inc.
  • Reliance Industries Limited

Adjacent Markets