PBAT [Polybutylene Adipate Terephthalate] Market Research, Share, Trend, Price, Future Analysis, Regional Outlook

 

PBAT [Polybutylene Adipate Terephthalate] Market

PBAT (Polybutylene Adipate Terephthalate) Market: Introduction

Transparency Market Research delivers key insights on the global PBAT market. In terms of revenue, the global PBAT market is estimated to expand at a CAGR of 8.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global PBAT market.

The availability of high performance substitutes is likely to hamper the global PBAT market during the forecast period. The increase in the demand for PBAT in the packaging industry is expected to drive the global PBAT market over the next decade, as PBAT is extensively employed in the industry.

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PBAT (Polybutylene Adipate Terephthalate) Market: Key Players

Major players operating in the global PBAT market are BASF SE, Feddersen Group, JinHui ZhaoLong High Technology Co., Ltd., EASTMAN CHEMICAL COMPANY, FillPlas Co. Ltd., GO YEN CHEMICAL INDUSTRIAL CO LTD (GYC Group), Chang Chun Group, and Amco Polymers.

PBAT (Polybutylene Adipate Terephthalate) Market: Dynamics

The demand for PBAT is increasing for the manufacture of shopping and garbage bags. The global bags industry has been continuously developing and expanding. It is a high growth industry, led by the increase in population and urbanization.

The global consumer goods industry has been continuously developing and expanding. Consumer goods and FMCG sectors adapt to evolving consumer demands and trends. The consumer goods sector is primarily influenced by digital innovation and increase in focus on sustainable and healthy lifestyle.

The global consumer goods industry has been expanding at a rapid pace, owing to the increase in population and income of the people. Consumer goods are intended for everyday private consumption. They cover a large product portfolio, including food and non-food categories. They can be further classified into fast moving consumer goods (FMCG) and slow moving consumer goods (SMCG).

PBAT (Polybutylene Adipate Terephthalate) Market: Prominent Regions

Europe dominates the global PBAT market. Packaging and agriculture & fishery industries in the region are estimated to expand at a rapid pace between 2021 and 2031. This is projected to boost the demand for PBAT in Europe.

Germany is anticipated to be a highly attractive region of the PBAT market in Europe during the forecast period. The packaging sector in Germany is witnessing strong growth owing to the rise in income of the people in the country. This has led to rise in demand for food additives, thereby driving the PBAT market in Germany.

Asia Pacific is likely to be another highly attractive region of the global PBAT market during the forecast period. China held major share of the PBAT market in Asia Pacific in 2020. Investments in the agriculture sector have increased in the China in the recent years. This is boosting the demand for PBAT in the agriculture sector.

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Global PBAT (Polybutylene Adipate Terephthalate) Market: Segmentation

PBAT (Polybutylene Adipate Terephthalate) Market, by Type

  • Pure PBAT
  • Modified/Blended PBAT

PBAT (Polybutylene Adipate Terephthalate) Market, by Application

  • Shopping Bags
  • Food Packages
  • Mulch Films
  • Garbage/Bin Bags
  • Others (Cutlery)

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Moisture-proof, Biodegradable Stand-up Pouches Grow Popular for Nuts Packaging

The PBAT (polybutylene adipate terephthalate) market is expected to grow at a robust CAGR of ~8.7% during the forecast period. Manufacturers are bolstering their output capacities in antimicrobial packaging systems that increase the shelf life of foods by inhibiting the growth of microorganisms. This has fueled the demand for antimicrobial PBAT films incorporating different amounts of chitosan nanofibers.

Films made from aliphatic polyesters tend to be brittle, and can be overcome by blending PLA with other bio-based polymers such as PBAT. Moreover, improved mechanical and barrier performance of PLA/PBAT/TPS/nanocrystalline cellulose (NCC) nanocomposites have potential use in food packaging applications.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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