Polybutylene Adipate Terephthalate (PBAT) Market
Polybutylene Adipate Terephthalate (PBAT) Market Analysis, By Application (PBAT Compost & Garbage Bags, PBAT Cling Films, PBAT Mulch film, PBAT Medical Accessories), By End Use (Packaging, Agriculture & Horticulture, Consumer & Homecare) & Region - Global Forecast 2022 to 2032
Analysis of PBAT market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polybutylene Adipate Terephthalate (PBAT) Market Outlook (2022 to 2032)
The polybutylene adipate terephthalate (PBAT) market size was valued at US$ 1.7 billion in 2022, and is projected to reach US$ 3.8 billion by the end of 2032, growing at a CAGR (Compound Annual Growth Rate) of 8.6% during the forecast period from 2022 to 2032.
Manufacturers across the globe are shifting their focus on the use of sustainable packaging for their products. Now-a-days, many retail chains and brands are using biodegradable plastics made from PBAT to increase their brand awareness and distinguish themselves from their competitors by setting up an outstanding product niche and driving exceptional customer experience.
| Report Attributes | Details |
|---|---|
| Polybutylene Adipate Terephthalate Market Size (2022E) | US$ 1.7 Billion |
| Forecasted Market Value (2032F) | US$ 3.8 Billion |
| Global PBAT Market Growth Rate (2022 to 2032) | 8.6% CAGR |
| North America Market Share (2022) | ~26.0% |
| Europe Market Share (2022) | ~43.0% |
| Key Companies Profiled | BASF SE; Novamont S.p.A.; JinHui ZhaoLong High Technology Co., Ltd.; Eastman Chemical Company; SK Chemicals; Far Eastern New Century Corporation; Lotte Fine Chemical Co., Ltd.; WILLEAP; Jiangsu Torise biomaterials co., Ltd. |
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Historic to Future Consumer Preference Analysis
It has been observed that the sustainability of any product is fundamentally changing consumer preference. 79% of consumers are changing their purchase preferences based on inclusiveness, social responsibilities, and environmental impact.
Moreover, as a result of COVID-19, consumer awareness and commitment towards sustainable products have increased twofold. Overall 67% of the consumer including 57% of those belonging to the age group between 18-24, have switched to lesser-known brands as they are providing sustainable packaging.
Additionally, 52% of consumers claim to have an emotional bond with companies or organizations that are seen as sustainable. 72% of consumers overall, including 64% of those aged 25 to 35, claim that choosing sustainable products makes them happy with their purchase.
As a result, PBAT-based packaging is being increasingly used by consumer product and retail (CPR) organizations. This, in turn, is increasing PBAT market penetration in the plastic packaging and wrapping sector.
- Short Term (2022 Q2 to 2025): The impact of the government initiatives and policies on the PBAT is significantly less owing to independent standards set by organizations like FDA, OWS, and others, to government, authorities. However, increasing governmental regulations for the use of environment-friendly products are expected to positively impact the market.
- Medium Term (2025 to 2028): Nowadays, flexible packaging has been gaining ground due to its excellent properties such as lightweight, aroma retention, ease of mobility & disposal, flexibility, resealing, minimal space requirement, and many more. In addition, the increasing push towards biodegradable packaging is forcing packaging companies and food manufacturers to include biopolymers in their cling films. This is poised to further bolster the market for PBAT.
- Long Term (2028 to 2032): Advancement in technologies shall provide immense opportunity for the PBAT market to burgeon. With new production technology and operational automation, manufacturers will have tremendous opportunities to penetrate untapped markets. Many developed countries have already started deploying this technology in use.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 8.6% CAGR between 2022 and 2032.
PBAT Market share analysis based on application and region is provided in a nutshell in the above image. Under the application segment, the cling films sub-segment dominates with 75.7% of the market share in 2022.
“Tightening Regulations Concerning Plastic Waste: To Supplement Market’s Growth”
As a result of tightening governmental regulations on the use of plastics and the urge to reduce reliance on fossil fuels, manufacturers across the globe are shifting their focus to the use of sustainable packaging for their products.
Mismanaged plastic waste is very detrimental not only to flora and fauna but to humans also. In the marine ecosystem, plastic debris can cause entanglement of aquatic animals which can result in immobilization and eventually death of that creature.
Even on land, animals such as sheep, goats, donkeys, and cattle face a similar danger of plastic ingestion, which can block their gastrointestinal tract leading to its death.
In addition, harmful additives which are added during the manufacturing process, as well as toxins absorbed by the plastics from air or water can cause huge damage to the surrounding environment.
As a result, governments across the globe are banning the use of single-use plastics and instead promoting the use of bio-plastics which are eco-friendly in nature.
This, in turn, is increasing the usage of PBAT in the manufacturing of such plastic products. In 2020, the government of South Africa commissioned a US$ 1.8 million, Japan-funded bio-plastics manufacturing project in collaboration with the United Nations Industrial Development Organization (UNIDO).
“Research in PBAT-based Nanocomposite for Medical and Industrial Application”
PBAT-based nanocomposites are formulated by melt blending PBAT with a 5-10 weight percent of clay nanoparticles. These nanoparticles are composed of fluoro-hectorites, unmodified sepiolites, and montmorillonites.
Particularly in nanocomposites with high clay chemical affinity within the polymeric matrix, all these nanocomposites demonstrated a good level of clay distribution and dispersion into PBAT. PBAT-based materials containing 10% of clay possess good biological safety and almost no cytotoxicity, according to preliminary biocompatibility tests.
For this reason, such nanocomposites are being extensively studied for the manufacturing of medical devices and equipment. In addition, in spite of offering an excellent support matrix for nanoparticles, PBAT-based compounds can also improve the antibacterial performance of the device and can extend the possible applications of bio-nanocomposites to meet the stringent requirements for biomedical applications or medical devices such as vascular & urinary catheters and endotracheal tubes.
Further research has shown that the mechanical properties of PBAT-induced nanocomposites showcase enhanced impact strength, tensile & flexural modulus, and tensile elongation at break.
These properties are very useful for the manufacturing of sophisticated and complicated industrial equipment that operates on a fine margin.
Thus, research in PBAT nanocomposites and the subsequent development of nanoparticles from PBAT has the potential to open up new opportunities for its application in medical and industrial sectors during the forecast period.
“High Cost of Production Affecting Overall Pricing of End-Product”
Compared to traditional plastics, the production of bio-based polymers is very expensive in nature. The manufacturing of pure PBAT requires the usage of sophisticated equipment and devices.
As a result, the manufacturing of such compounds is usually accompanied by a high operational cost. As a consequence, the manufacturing of PBAT at a large scale will only be possible when production costs decrease.
The addition of low-cost materials such as reinforced material and starch. Among reinforced materials, PLA is an effective way to reduce the final cost. It is only during the last ten years PBAT based composites have been developed into commercial products.
Moreover, as a result of weak economic growth caused by the COVID-19 pandemic, industrial production remained well below market expectations. As the sales were lower than the usual target, manufacturers of PBAT had to bare extra costs for inventory management.
For almost a decade, PBAT has been widely used in the packaging industry and agricultural and biomedical sectors. However, its high production cost limits its large-scale production for use in alternative fields of applications.
Country-wise Insights
How is Public Awareness Driving the US Market?
In North America, the USA consumes a significant amount of PBAT. The majority of consumption comes from the country's populace's strict use of PBAT-based compost & garbage bags.
Additionally, the nation's end-use industries actively use PBAT-based packing materials for their goods. The increased demand for PBAT in compostable packaging and PBAT for biodegradable packaging has made all of this possible due to increased public awareness of biodegradable plastics.
The market in the country is expected to expand at a steady rate during the forecast period with increasing consumption of PBAT products in this country.
Why is the Germany Market Anticipated to Be Highly Rewarding?
Based on consumer demand, Germany dominates the market for PBAT. Biodegradable plastics like polybutylene adipate terephthalate are widely used in Germany.
For a greener, cleaner environment, the European Union has been actively involved in the development of such biodegradable plastics.
The main cause of the rise in PBAT consumption in Europe, particularly in Germany, has been the region's regulatory bodies' calls for the public to use such alternatives.
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Category-wise Insights
Why Compostable bags are gaining traction?
In recent years the concept of quality and safety of food on the part of the consumer has undergone profound evolution. In general, awareness of the risk associated with waste disposal and the importance of biodegradable products has increased.
Starches derived from sources like corn, PLA, or PBAT are used to make compostable bags. These bags are intended to be decomposed by microorganisms into organic substances like compost, carbon dioxide, and water under particular circumstances.
With the increasing awareness of a cleaner and greener environment, plastic manufacturers are continuing to develop sustainable solutions for people. Nowadays, shopping bags, retail bags, zip lock bags, and courier satchels are all produced in a compostable format.
Supermarkets and retail chains such as Waitrose, Co-operative, Tesco, and others. are all providing compostable bags as an alternative to plastic bags. Growing initiatives from government and regulatory bodies towards the usage of safer products have been stimulating the production and sales of compostable and biodegradable bags.
Currently, compostable bags are witnessing high demand from various industries such as food & beverage, retail, and health & personal care, as they come in a wide range of attractive designs and shapes.
How do Agriculture and Horticulture Support the Market’s Growth?
The concerning drawback of using conventional plastic films in agriculture is the production of a high amount of waste. As a result, in place of traditional non-biodegradable plastic films, films made from natural fibers and biodegradable polymers are now used as mulching material.
- An ETH Zurich study found that PBAT completely biodegrades in soil over the course of six weeks, making it a perfect substitute for PE.
In addition, these mulching films reduces pressure from weed & pathogens, preserves heat & moisture, and conserve water and fertilizer, resulting in sustainable agricultural production and reduced soil contamination.
- According to a recent study, mulch films made from BASF SE's eco via M 2351 can improve weed control and increase tomato yield by 15 to 50% while using less water and herbicide than bare-soil farming.
Mulch films are gaining widespread acceptance from farmers worldwide since their usage contributes to the creation of favorable microclimatic conditions for accelerating crop growth.
Exponential growth in food demand over the studied period is expected to remain a vital factor influencing the sales of agricultural films. Mulch plastic films, on account of their unmatched effectiveness in their agricultural productivity, are anticipated to witness robust demand in line with surging food demand.
Competitive Landscape
Prominent manufacturers in the market are BASF SE, Novamont S.p.A., JinHui ZhaoLong High Technology Co., Ltd., Eastman Chemical Company, SK Chemicals, Far Eastern New Century Corporation, Lotte Fine Chemical Co., Ltd., WILLEAP, and Jiangsu Torise biomaterials co., Ltd.
The global demand for PBAT has increased in recent years as a result of growing awareness regarding the importance of waste disposal. An increase in production capacity is turned out to be a highly lucrative strategy for market players’ growth in forthcoming years.
- The Red Avenue New Materials Group's, biodegradable material project (Phase I), which is built to produce 100,000-ton/year, in cooperation with BASF is currently in a development phase, and it is anticipated to begin feeding and starting by the third quarter, according to Red Avenue New Materials Group Co., Ltd.'s 2022 published report.
- In November 2020, AXT, Inc., a leading manufacturer of compound semiconductor substrates, announced a strategic merger of BoYu and JinMei, which are suppliers of the raw material to AXT.
Fact.MR has provided detailed information about the price points of key manufacturers of PBAT positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Polybutylene Adipate Terephthalate Industry Research
-
By Application:
- Compost & Garbage Bags
- Cling Films
- Mulch film
- Medical Accessories
- Others
-
By End-Use:
- Packaging
- Agriculture & Horticulture
- Consumer & Homecare
- Coatings
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Kilo Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Application
- 7.1. Compost & Garbage Bags
- 7.2. Cling Films
- 7.3. Mulch Film
- 7.4. Medical accessories
- 7.5. Others (fishing nets, etc.)
- 8. Global Market Analysis and Forecast, By End Use
- 8.1. Agriculture & horticulture
- 8.2. Consumer & homecare
- 8.3. Coatings
- 8.4. Others (Fisheries, etc.)
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. SABIC
- 18.2. BASF SE
- 18.3. Dongguan Xinhai Environmental-Friendly Material Co., Ltd.
- 18.4. Green Science Alliance Co., Ltd.
- 18.5. Jinhuizhaolong
- 18.6. Lotte Fine Chemical
- 18.7. Novamont
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ million) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (US$ million) and Forecast by Region, 2022 to 2032
Table 03: Global Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 04: Global Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 05: Global Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 06: Global Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 07: Global Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 08: Global Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 09: Global Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 10: Global Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 11: Global Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 12: Global Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 13: North America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 14: North America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 15: North America Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 16: North America Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 17: North America Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 18: North America Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 19: North America Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 20: North America Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 21: North America Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 22: North America Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 23: North America Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 24: North America Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 25: Latin America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 26: Latin America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 27: Latin America Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 28: Latin America Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 29: Latin America Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 30: Latin America Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 31: Latin America Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 32: Latin America Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 33: Latin America Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 34: Latin America Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 35: Latin America Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 36: Latin America Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 37: Europe Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 38: Europe Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 39: Europe Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 40: Europe Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 41: Europe Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 42: Europe Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 43: Europe Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 44: Europe Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 45: Europe Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 46: Europe Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 47: Europe Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 48: Europe Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 49: East Asia Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 50: East Asia Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 51: East Asia Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 52: East Asia Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 53: East Asia Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 54: East Asia Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 55: East Asia Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 56: East Asia Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 57: East Asia Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 58: East Asia Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 59: East Asia Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 60: East Asia Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 63: South Asia & Oceania Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 64: South Asia & Oceania Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 65: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 67: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 68: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 69: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 71: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 72: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
Table 73: MEA Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 74: MEA Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 75: MEA Market Volume (Kilo Tons) and Forecast by Country, 2017 to 2021
Table 76: MEA Market Volume (Kilo Tons) and Forecast by Country, 2022 to 2032
Table 77: MEA Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 78: MEA Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 79: MEA Market Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 80: MEA Market Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 81: MEA Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 82: MEA Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 83: MEA Market Volume (Kilo Tons) and Forecast By End Use, 2017 to 2021
Table 84: MEA Market Volume (Kilo Tons) and Forecast By End Use, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 03: Global Market Value (US$ million) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 07: Global Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 09: North America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 11: North America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13: North America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 15: North America Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 17: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 19: North America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 20: Latin America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 22: Latin America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 23: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24: Latin America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 25: Latin America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 26: Latin America Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 27: Latin America Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 28: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29: Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 31: Europe Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 33: Europe Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35: Europe Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 36: Europe Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 37: Europe Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 38: Europe Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 41: Europe Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 42: East Asia Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 44: East Asia Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 45: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46: East Asia Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 47: East Asia Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 48: East Asia Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 49: East Asia Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 50: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51: East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure 52: East Asia Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 61: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Application, 2022 to 2032
Figure 63: South Asia & Oceania Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 64: MEA Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 66: MEA Market Value (US$ million) and Volume (Kilo Tons) by Country, 2022 & 2032
Figure 67: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68: MEA Market Value (US$ million) and Volume (Kilo Tons) By Application, 2022 & 2032
Figure 69: MEA Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 70: MEA Market Value (US$ million) and Volume (Kilo Tons) By End Use, 2022 & 2032
Figure 71: MEA Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 72: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: MEA Market Attractiveness Analysis By Application, 2022 to 2032
Figure 74: MEA Market Attractiveness Analysis By End Use, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the estimated global market size of PBAT in 2022?
The global market is estimated to be valued at US$ 1.7 billion in 2022.
What is the estimated market size at the end of 2032?
The global PBAT plate market is expected to be valued at US$ 3.8 billion in 2032.
What is the share of Asia Pacific in the Global Market?
East Asia holds around 10.3% share of the global market and is expected to grow at a remarkable CAGR over the forecast period.
Which country has the highest demand for the Market in East Asia?
China holds the maximum share in East Asia and is expected to showcase prominent market growth over the assessment period.
Which application of PBAT holds the highest market share?
Cling films account for 75.7% share of global sales.
Polybutylene Adipate Terephthalate (PBAT) Market