Polybutylene Adipate Terephthalate Market Size, Share, and Growth Analysis, By Grade (Extrusion Grade, Thermoforming Grade), By Application (Films, Sheets & Bin Liners), By End-Use Industry, By Region - Industry Forecast 2025-2032
Dongguan Xinhai Environmental-Friendly Material Co., Ltd
Green Science Alliance
Hengli Petrochemical
Junyuan Petroleum Group
Kd. Feddersen & Co.
Lotte Chemicals
Nanjing Baitong New Material Co. Ltd
Orinko Advanced Plastics Co. Ltd
Qingdao Zhoushi Plastic Packaging Co. Ltd
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Global Polybutylene Adipate Terephthalate Market size was valued at USD 1.6 billion in 2023 and is poised to grow from USD 1.75 billion in 2024 to USD 3.53 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).
The polybutylene adipate terephthalate (PBAT) market is significantly influenced by several key factors, including demand from the packaging and consumer goods sectors, as well as an increasing focus on sustainability and stringent environmental regulations. The shift towards eco-friendly packaging solutions has led manufacturers to prefer PBAT for its flexibility, making it ideal for applications such as food wraps and containers. Additionally, rising regulatory pressures in various regions are prompting industries to reduce their carbon footprints and adopt biodegradable materials. Furthermore, ongoing investments and technological advancements are enhancing the performance of PBAT, facilitating its application across diverse industries, and fostering innovation in material formulations, thereby shaping a positive outlook for the market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polybutylene Adipate Terephthalate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Polybutylene Adipate Terephthalate Market Segments Analysis
Global Polybutylene Adipate Terephthalate Market is segmented by Grade, Application, End-Use Industry and region. Based on Grade, the market is segmented into Extrusion Grade, Thermoforming Grade and Other Grades. Based on Application, the market is segmented into Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers and Other Applications. Based on End-Use Industry, the market is segmented into Packaging, Consumer Goods, Agriculture, Bio-Medical and Other End-Use Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Polybutylene Adipate Terephthalate Market
The global market for Polybutylene Adipate Terephthalate (PBAT) is significantly influenced by a growing focus on sustainability and stringent environmental regulations. As governments and businesses increasingly prioritize the reduction of plastic waste, there is a noticeable shift towards biodegradable materials. Regulations that limit single-use plastics and promote compostable packaging are prompting manufacturers to adopt PBAT, aligning with both regulatory requirements and consumer preferences for eco-friendly products. This shift fosters trends that favor sustainable alternatives, particularly in packaging and agricultural sectors, leading to heightened innovation, investment, and adoption of PBAT, all of which contribute to advancing a circular economy and supporting environmental objectives.
Restraints in the Global Polybutylene Adipate Terephthalate Market
The global polybutylene adipate terephthalate market faces significant constraints due to the high costs associated with production and raw materials. The production of PBAT is energy-intensive and relies heavily on expensive inputs such as adipic acid, terephthalic acid, and butanediol. These elevated costs diminish the price competitiveness of PBAT compared to traditional plastics, particularly in markets where price sensitivity is a major factor. Additionally, the need for substantial capital investment in manufacturing facilities, utility infrastructure, and advanced technology adds another layer of difficulty, creating a financial barrier for both new entrants and established producers looking to expand their operations.
Market Trends of the Global Polybutylene Adipate Terephthalate Market
The Global Polybutylene Adipate Terephthalate (PBAT) market is witnessing a significant trend towards the increased incorporation of bio-based feedstocks, transitioning from traditional fossil-based inputs to renewable materials such as waste biomass and molasses. This shift is driven by advancements in biomass-balanced production technologies and certified mass-balance processes that focus on reducing carbon footprints and reliance on non-renewable resources while maintaining high product quality and performance standards. This trend aligns with sustainability objectives and circular economy initiatives, offering producers the opportunity to deliver certified compostable PBAT solutions that do not compromise processing efficiency or application requirements, thus enhancing their competitive edge in a growing eco-conscious market.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Case Studies
Global Polybutylene Adipate Terephthalate Market Size by Grade & CAGR (2025-2032)
Market Overview
Extrusion Grade
Thermoforming Grade
Other Grades
Global Polybutylene Adipate Terephthalate Market Size by Application & CAGR (2025-2032)
Market Overview
Films, Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Other Applications
Global Polybutylene Adipate Terephthalate Market Size by End-Use Industry & CAGR (2025-2032)
Market Overview
Packaging
Food Packaging
Non-Food Packaging
Consumer Goods
Agriculture
Mulch Films
Netting
Bio-Medical
Other End-Use Industries
Global Polybutylene Adipate Terephthalate Market Size & CAGR (2025-2032)
North America (Grade, Application, End-Use Industry)
US
Canada
Europe (Grade, Application, End-Use Industry)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Grade, Application, End-Use Industry)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Grade, Application, End-Use Industry)
Brazil
Rest of Latin America
Middle East & Africa (Grade, Application, End-Use Industry)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
BASF Se
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kingfa Sci & Tec Co
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Novamont S.P.A
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Go Yen Chemical Industrial Co., Ltd. (Gyc Group)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Anhui Jumei Biotechnology Co., Ltd
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Chang Chun Group
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hangzhou Peijin Chemical Co., Ltd
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Jinhui Zhaolong Advanced Technology Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mitsui Plastics, Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Willeap
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zhejiang Biodegradable Advanced Material Co., Ltd
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dongguan Xinhai Environmental-Friendly Material Co., Ltd