Global Polybutylene Adipate Terephthalate (PBAT) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Composite Bags, Cling Films, Bin Bags and Medical Clothing.

By End-Use;

Packaging, Agriculture, Fishery, Consumer Goods and Coatings.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn838935621 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Polybutylene Adipate Terephthalate (PBAT) Market (USD Million), 2021 - 2031

In the year 2024, the Global Polybutylene Adipate Terephthalate (PBAT) Market was valued at USD 440.30 million. The size of this market is expected to increase to USD 716.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The Global Polybutylene Adipate Terephthalate (PBAT) Market is experiencing significant growth driven by increasing environmental consciousness and regulatory pressures favoring sustainable packaging solutions. PBAT is a biodegradable polyester derived from renewable resources such as adipic acid, terephthalic acid, and 1,4-butanediol. It is widely used in packaging films, disposable bags, agricultural mulch films, and other applications where biodegradability and compostability are paramount. The market's expansion is propelled by rising consumer demand for eco-friendly alternatives to conventional plastics, driven by concerns over plastic pollution and environmental sustainability.

PBAT has gained traction in recent years due to innovations in biopolymer technology, enhancing its mechanical and barrier properties to match those of traditional plastics. Manufacturers are investing in research and development to improve PBAT's performance characteristics, including its tensile strength, flexibility, and compostability under various environmental conditions. This has spurred collaborations across the value chain, from raw material suppliers to packaging converters, aiming to optimize PBAT formulations and broaden its applications in diverse end-use sectors.

The global PBAT market is poised for further growth as industries seek alternatives to non-biodegradable plastics. With increasing emphasis on circular economy principles and waste reduction initiatives globally, PBAT represents a viable solution for achieving sustainable packaging solutions and reducing carbon footprints across supply chains.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Global Polybutylene Adipate Terephthalate (PBAT) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental regulations
        2. Shift towards sustainable packaging
        3. Consumer awareness
        4. Technological advancements
      2. Restraints
        1. Cost competitiveness
        2. Performance limitations
        3. Recycling challenges
        4. Regulatory uncertainties
      3. Opportunities
        1. Biodegradable films
        2. Food packaging
        3. Partnership collaborations
        4. Expansion in agriculture
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Polybutylene Adipate Terephthalate (PBAT) Market, By Application, 2021 - 2031 (USD Million)
      1. Composite Bags
      2. Cling Films
      3. Bin Bags
      4. Medical Clothing
    2. Global Polybutylene Adipate Terephthalate (PBAT) Market, By End-Use, 2021 - 2031 (USD Million)
      1. Packaging
      2. Agriculture
      3. Fishery
      4. Consumer Goods
      5. Coatings
    3. Global Polybutylene Adipate Terephthalate (PBAT) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SA
      2. K.D Feddersen
      3. Shanxi Junhui group
      4. DuPont
      5. Eastmen Chemicals
      6. Huaian Ruanke Trade Co, ltd
      7. Lotte fine Chemicals
      8. Novamont S.P.A
      9. Eastman Chemicals Company
      10. Willeap
  7. Analyst Views
  8. Future Outlook of the Market