The global Polybutylene Adipate Terephthalate Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Grade (Extrusion Grade, Thermoforming Grade, Others), By Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers, Others), By End-User (Packaging, Consumer Goods, Agriculture, Bio-medical, Others).
Polybutylene adipate terephthalate (PBAT) is a biodegradable polyester resin derived from adipic acid, terephthalic acid, and 1,4-butanediol monomers, widely used as a sustainable alternative to conventional plastics in packaging, textiles, films, and disposable products. In 2024, the market for polybutylene adipate terephthalate s to grow as industries and consumers increasingly prioritize environmental sustainability and circular economy principles. PBAT offers advantages such as biodegradability, compostability, flexibility, and transparency, making it suitable for applications such as biodegradable packaging films, compostable bags, agricultural mulch films, and disposable cutlery. PBAT polymers can be blended with other biodegradable polymers such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers to tailor mechanical properties, processing characteristics, and end-of-life disposal options. The demand for PBAT is driven by factors such as the global push towards reducing plastic pollution and single-use plastics, increasing regulatory measures for sustainable packaging solutions, and the growing consumer awareness and preference for eco-friendly products. Market trends include the development of bio-based and renewable PBAT feedstocks, the optimization of polymer processing technologies for improved mechanical properties and processability, and the expansion of end-use applications into sectors such as food packaging, agriculture, and hygiene products.
The market report analyses the leading companies in the industry including Anhui Jumei Biotechnology, BASF SE, Chang Chun Group, Go Yen Chemical Industrial Co. Ltd, Hangzhou Peijin Chemical Co. Ltd, Jinhui Zhaolong Advanced Technology Co. Ltd, Kingfa, Mitsui Plastics Inc, Novamont S.p.A, Willeap, Zhejiang Biodegradable Advanced Material Co. Ltd, and others.
One prominent trend in the polybutylene adipate terephthalate (PBAT) market is the growing demand for biodegradable and sustainable plastics. PBAT, a biodegradable polyester derived from renewable resources such as adipic acid, 1,4-butanediol, and terephthalic acid, is gaining traction as an environmentally friendly alternative to traditional plastics. This trend is driven by increasing environmental concerns, regulatory pressures to reduce plastic waste, and growing consumer awareness of sustainability issues. As industries seek to adopt more sustainable packaging solutions and reduce their carbon footprint, the demand for PBAT-based bioplastics is expected to continue rising.
A significant driver propelling the PBAT market forward is the global shift towards a circular economy and effective plastic waste management. PBAT, being biodegradable and compostable under certain conditions, aligns with the principles of circularity by offering a viable solution to the plastic waste problem. The driver is fueled by initiatives from governments, businesses, and consumers to minimize plastic pollution, promote recycling, and encourage the use of biodegradable materials. As regulations on single-use plastics become more stringent and companies invest in sustainable packaging solutions, the demand for PBAT as a key component in biodegradable packaging and products is expected to grow.
An enticing opportunity within the PBAT market lies in expanding into flexible packaging and agricultural films. PBAT, with its excellent flexibility, mechanical properties, and biodegradability, is well-suited for applications such as compostable bags, food packaging films, and agricultural mulch films. The opportunity arises from the increasing demand for sustainable packaging solutions in the food and beverage industry, as well as the agricultural sector's need for biodegradable films to reduce plastic waste in soil. By developing specialized PBAT formulations optimized for flexible packaging and agricultural film applications, companies can capitalize on the growing market for eco-friendly packaging materials. Collaborating with brand owners, packaging manufacturers, and agricultural producers to develop customized solutions that meet performance, regulatory, and sustainability requirements can further enhance market penetration and growth in these segments.
Among the grades in the Polybutylene Adipate Terephthalate (PBAT) market, the Extrusion Grade segment is the largest. Extrusion Grade PBAT is specifically formulated for extrusion processes, such as blown film extrusion and sheet extrusion, used in the production of flexible packaging, agricultural films, and disposable items. This grade of PBAT offers excellent melt strength, elongation, and processability, making it well-suited for a wide range of extrusion applications. In the packaging industry, Extrusion Grade PBAT is increasingly preferred for the production of biodegradable and compostable films and bags, as it provides good mechanical properties and is compatible with other biodegradable polymers and additives. Additionally, the growing emphasis on sustainability and environmental concerns drives the demand for biodegradable materials like PBAT in various industries. With the increasing adoption of environmentally friendly packaging solutions and the expansion of bioplastics markets, the Extrusion Grade segment maintains its dominance as the largest segment in the PBAT market.
Among the applications in the Polybutylene Adipate Terephthalate (PBAT) market, the Films segment stands out as the fastest-growing. PBAT films are increasingly being utilized in various industries due to their biodegradability, flexibility, and barrier properties, making them suitable for packaging applications. As consumer awareness regarding environmental sustainability grows, there is a rising demand for eco-friendly packaging materials, prompting manufacturers to adopt biodegradable alternatives like PBAT films. Moreover, stringent regulations regarding single-use plastics and plastic waste management further drive the demand for biodegradable films. PBAT films find extensive use in food packaging, agricultural films, compostable bags, and hygiene products. Additionally, advancements in film processing technologies and the development of new PBAT formulations with improved mechanical properties contribute to the rapid growth of the Films segment. As industries continue to prioritize sustainable packaging solutions, the demand for PBAT films is expected to soar, solidifying its position as the fastest-growing segment in the PBAT market.
Among the end-users in the Polybutylene Adipate Terephthalate (PBAT) market, the Packaging sector is the largest segment. PBAT, being a biodegradable and compostable polymer, is increasingly favored in the packaging industry as an eco-friendly alternative to conventional plastics. With growing concerns over environmental sustainability and regulations aiming to reduce plastic waste, there is a significant shift towards biodegradable packaging materials. PBAT offers excellent flexibility, barrier properties, and processability, making it suitable for various packaging applications, including food packaging, compostable bags, disposable cutlery, and beverage containers. Additionally, PBAT can be easily blended with other biodegradable polymers, such as polylactic acid (PLA), to enhance its performance and versatility in packaging solutions. As consumer preferences continue to evolve towards sustainable packaging options, the demand for PBAT in the Packaging sector is expected to remain robust, solidifying its position as the largest segment in the PBAT market.
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Anhui Jumei Biotechnology
BASF SE
Chang Chun Group
Go Yen Chemical Industrial Co. Ltd
Hangzhou Peijin Chemical Co. Ltd
Jinhui Zhaolong Advanced Technology Co. Ltd
Kingfa
Mitsui Plastics Inc
Novamont S.p.A
Willeap
Zhejiang Biodegradable Advanced Material Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Polybutylene Adipate Terephthalate Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Polybutylene Adipate Terephthalate Market Size Outlook, $ Million, 2021 to 2032
3.2 Polybutylene Adipate Terephthalate Market Outlook by Type, $ Million, 2021 to 2032
3.3 Polybutylene Adipate Terephthalate Market Outlook by Product, $ Million, 2021 to 2032
3.4 Polybutylene Adipate Terephthalate Market Outlook by Application, $ Million, 2021 to 2032
3.5 Polybutylene Adipate Terephthalate Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Polybutylene Adipate Terephthalate Industry
4.2 Key Market Trends in Polybutylene Adipate Terephthalate Industry
4.3 Potential Opportunities in Polybutylene Adipate Terephthalate Industry
4.4 Key Challenges in Polybutylene Adipate Terephthalate Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Polybutylene Adipate Terephthalate Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Polybutylene Adipate Terephthalate Market Outlook by Segments
7.1 Polybutylene Adipate Terephthalate Market Outlook by Segments, $ Million, 2021- 2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
8 North America Polybutylene Adipate Terephthalate Market Analysis and Outlook To 2032
8.1 Introduction to North America Polybutylene Adipate Terephthalate Markets in 2024
8.2 North America Polybutylene Adipate Terephthalate Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Polybutylene Adipate Terephthalate Market size Outlook by Segments, 2021-2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
9 Europe Polybutylene Adipate Terephthalate Market Analysis and Outlook To 2032
9.1 Introduction to Europe Polybutylene Adipate Terephthalate Markets in 2024
9.2 Europe Polybutylene Adipate Terephthalate Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Polybutylene Adipate Terephthalate Market Size Outlook by Segments, 2021-2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
10 Asia Pacific Polybutylene Adipate Terephthalate Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Polybutylene Adipate Terephthalate Markets in 2024
10.2 Asia Pacific Polybutylene Adipate Terephthalate Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Polybutylene Adipate Terephthalate Market size Outlook by Segments, 2021-2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
11 South America Polybutylene Adipate Terephthalate Market Analysis and Outlook To 2032
11.1 Introduction to South America Polybutylene Adipate Terephthalate Markets in 2024
11.2 South America Polybutylene Adipate Terephthalate Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Polybutylene Adipate Terephthalate Market size Outlook by Segments, 2021-2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
12 Middle East and Africa Polybutylene Adipate Terephthalate Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Polybutylene Adipate Terephthalate Markets in 2024
12.2 Middle East and Africa Polybutylene Adipate Terephthalate Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Polybutylene Adipate Terephthalate Market size Outlook by Segments, 2021-2032
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Anhui Jumei Biotechnology
BASF SE
Chang Chun Group
Go Yen Chemical Industrial Co. Ltd
Hangzhou Peijin Chemical Co. Ltd
Jinhui Zhaolong Advanced Technology Co. Ltd
Kingfa
Mitsui Plastics Inc
Novamont S.p.A
Willeap
Zhejiang Biodegradable Advanced Material Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Grade
Extrusion Grade
Thermoforming Grade
Others
By Application
Films
Sheets & Bin Liners
Coatings & Adhesives
Molded Products
Fibers
Others
By End-User
Packaging
Consumer Goods
Agriculture
Bio-medical
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Polybutylene Adipate Terephthalate Market Size is valued at $1.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 12.9% to reach $4.8 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Anhui Jumei Biotechnology, BASF SE, Chang Chun Group, Go Yen Chemical Industrial Co. Ltd, Hangzhou Peijin Chemical Co. Ltd, Jinhui Zhaolong Advanced Technology Co. Ltd, Kingfa, Mitsui Plastics Inc, Novamont S.p.A, Willeap, Zhejiang Biodegradable Advanced Material Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume