Polybutylene Adipate Terephthalate (PBAT) Industry Analysis in South Asia & Oceania
Study on Polybutylene Adipate Terephthalate (PBAT) in South Asia & Oceania by Application in Compost & Garbage Bags, Cling Films, Mulch Films, and Medical Accessories from 2024 to 2034
Analysis of Polybutylene Adipate Terephthalate (PBAT) Industry Covering Countries Includes Analysis of India, Indonesia, Malaysia, Thailand, Australia, New Zealand, and Rest of SA
Polybutylene Adipate Terephthalate (PBAT) Sales Outlook for South Asia & Oceania (2024 to 2034)
Demand for polybutylene adipate terephthalate (PBAT) in South Asia & Oceania is calculated at a market value of US$ 184.4 million for 2024. The South Asia & Oceania market is projected to increase at a CAGR of 8% and reach a valuation of US$ 398.11 million by 2034.
Biodegradable and compostable polymer, polybutylene adipate terephthalate falls under the category of bioplastics. It is derived from renewable resources such as adipic acid, terephthalic acid, and 1,4-butanediol. PBAT is known for its environmentally friendly characteristics, making it an attractive option in various industries.
- Fact.MR, a market research and competitive intelligence provider, reveals that sales of polybutylene adipate terephthalate-based cling films in South Asia & Oceania are forecasted to increase at a CAGR of 8.4% through 2034.
With rising emphasis on sustainable and eco-friendly packaging materials, there is an increasing demand for PBAT in cling film production. The South Asia & Oceania region is witnessing a growing awareness of environmental issues, which is set to drive companies to adopt more sustainable packaging solutions such as PBAT-based cling films.
Government regulations promoting the use of biodegradable materials and discouraging single-use plastics are also set to play a crucial role in boosting the sales of polybutylene adipate terephthalate-based cling films across the region.
| Report Attributes | Details |
|---|---|
| PBAT Sales in South Asia & Oceania (2024E) | US$ 184.4 Million |
| Forecasted Sales (2034F) | US$ 398.11 Million |
| Demand Growth (2024 to 2034) | 8% CAGR |
| Polybutylene Adipate Terephthalate-Based Mulch Film Sales | US$ 19.3 Million |
| Key Companies Profiled | BASF SE; Indorama Ventures Public Company Limited; Far Eastern New Century Corporation; Novamont S.p.A. |
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Which Market Trends are Pushing Demand for Polybutylene Adipate Terephthalate in South Asia & Oceania?
“Growing Shift toward Sustainable and Biodegradable Packaging Solutions”
Polybutylene adipate terephthalate demand in South Asia & Oceania is witnessing a transformative shift driven by evolving regulations and policies related to plastic use and environmental impact. Respective governments in the region are increasingly recognizing the environmental challenges posed by conventional plastics, particularly in terms of pollution and waste management, and leading to the adoption of sustainable packaging materials in various industries, including food and beverage, pharmaceuticals, and consumer goods.
Regulatory support for biodegradable materials is a key factor influencing the sales of polybutylene adipate terephthalate in the region. This regulatory backing is creating a conducive environment for PBAT manufacturers, providing them with opportunities to capitalize on the demand for environmentally friendly alternatives.
“Advancements in PBAT Manufacturing Technologies Improving their Overall Performance and Scalability”
Advancements in polybutylene adipate terephthalate manufacturing technologies are playing a pivotal role in enhancing the performance, cost-effectiveness, and scalability of this biodegradable polymer. Improved performance is a key outcome of technological advancements in PBAT manufacturing. Innovations in formulation and processing techniques are leading to enhancements in the material’s mechanical properties, such as tensile strength and flexibility.
These improvements are making polybutylene adipate terephthalate more adaptable to diverse applications, expanding its utility beyond conventional uses, and creating opportunities for new market segments.
Scalability is a significant factor contributing to the wider acceptance of PBAT. The increasing scalability not only ensures a stable and sufficient supply of polybutylene adipate terephthalate for various applications but also helps in achieving economies of scale, contributing to cost-effectiveness.
Country-wise Analysis
What’s Influencing Consumption of Polybutylene Adipate Terephthalate in India?
“Strict Environmental Regulatory Initiatives and Rapid Urbanization”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 75.2 Million |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 154.99 Million |
India is witnessing an increasing focus on environmental sustainability, leading to stringent regulations and policies aimed at reducing plastic pollution. The government’s emphasis on eco-friendly alternatives is boosting the demand for biodegradable materials such as polybutylene adipate terephthalate, positioning it as a viable solution in compliance with environmental standards.
Rapid urbanization and infrastructure development in India are increasing the demand for packaging materials, including films and bags. PBAT’s versatility, coupled with its biodegradability, positions it as an attractive choice for various applications, contributing to its growing sales in packaging solutions across different sectors in India.
What is the Sales Outlook for Polybutylene Adipate Terephthalate in Australia?
“Commitment to Circular Economy Principles Increasing Popularity of PBAT”
| Attribute | Australia |
|---|---|
| Market Value (2024E) | US$ 37.5 Million |
| Growth Rate (2024 to 2034) | 8% CAGR |
| Projected Value (2034F) | US$ 80.96 Million |
Australia’s commitment to circular economy principles, emphasizing the importance of reducing waste and maximizing resource efficiency, is bolstering the demand for recyclable and biodegradable materials. PBAT fits well within this framework, contributing to its high sales in the Australia market. Ongoing innovations and research collaborations between PBAT manufacturers, research institutions, and industry players in Australia are resulting in the development of advanced PBAT formulations.
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Category-wise Analysis
Which Factors are Increasing Demand for PBAT in the Packaging Industry?
“Regulatory Support, Consumer Awareness, and Bans on Single-Use Plastics”
| Attribute | Packaging |
|---|---|
| Segment Value (2024E) | US$ 145.9 Million |
| Growth Rate (2024 to 2034) | 8.3% CAGR |
| Projected Value (2034F) | US$ 323.85 Million |
Several countries in South Asia & Oceania are implementing strict regulations to reduce the use of single-use plastics and promote the adoption of biodegradable materials. The bans on conventional plastics are increasing the popularity of PBAT in the packaging sector. Regulatory support for environmentally friendly alternatives is encouraging the use of polybutylene adipate terephthalate in various packaging applications.
Increasing awareness among consumers regarding the environmental impact of packaging materials is also leading to a high demand for products that are perceived as more sustainable. Companies, therefore, are adopting polybutylene adipate terephthalate in their packaging to meet consumer expectations and engage in green branding.
Competitive Landscape
Key market players are adopting a variety of strategies to enhance their revenue and profitability. Market leaders are investing heavily in research and development initiatives to innovate and introduce new products or enhance existing ones.
This strategy is aiding leading companies to stay ahead of the competition, meet changing consumer preferences, and capture new market segments. Diversification strategies are further helping to mitigate risks associated with dependence on a single product and boost revenue streams.
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Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of PBAT Study in South Asia & Oceania
-
By Application :
- Compost & Garbage Bags
- Cling Films
- Mulch Films
- Medical Accessories
- Others
-
By End-Use Industry :
- Packaging
- Rigid
- Flexible
- Agriculture & Horticulture
- Consumer & Homecare
- Coatings
- Others
- Packaging
-
By Country :
- India
- Indonesia
- Malaysia
- Thailand
- Australia & New Zealand
- Rest of SA
Table of Content
- 1. South Asia & Oceania Industry - Executive Summary
- 2. South Asia & Oceania Industry Overview
- 3. Industry Background and Data Points
- 4. South Asia & Oceania Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. South Asia & Oceania Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By End-use Industry
- 5.1. Packaging
- 5.2. Agriculture & Horticulture
- 5.3. Consumer & Homecare
- 5.4. Coatings
- 5.5. Others
- 6. South Asia & Oceania Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 6.1. Compost & Garbage Bags
- 6.2. Cling Films
- 6.3. Mulch Films
- 6.4. Medical Accessories
- 6.5. Others
- 7. South Asia & Oceania Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 7.1. India
- 7.2. Thailand
- 7.3. Malaysia
- 7.4. Indonesia
- 7.5. Australia & New Zealand
- 7.6. Rest of South Asia & Oceania
- 8. India Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 9. Thailand Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. Malaysia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Indonesia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Australia & New Zealand Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Rest of South Asia & Oceania Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Industry Structure Analysis
- 15. Competition Analysis
- 15.1. BASF SE
- 15.2. Indorama Ventures Public Company Limited
- 15.3. Far Eastern New Century Corporation
- 15.4. Novamont S.p.A.
- 16. Assumptions and Acronyms Used
- 17. Research Methodology
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List Of Table
Table 01: South Asia & Oceania Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 02: South Asia & Oceania Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 03: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 04: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 05: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 t0 2034
Table 08: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 09: South Asia & Oceania Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 10: South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 11: India Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 12: India Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 13: India Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 14: India Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 15: India Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 16: India Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 17: Thailand Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 18: Thailand Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 19: Thailand Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 20: Thailand Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 21: Thailand Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 22: Thailand Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 23: Malaysia Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 24: Malaysia Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 25: Malaysia Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 26: Malaysia Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 27: Malaysia Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 29: Malaysia Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 29: Indonesia Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 30: Indonesia Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 31: Indonesia Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 32: Indonesia Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 33: Indonesia Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 34: Indonesia Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 35: Australia & New Zealand Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 36: Australia & New Zealand Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 37: Australia & New Zealand Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 38: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 39: Australia & New Zealand Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 40: Australia & New Zealand Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 41: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 42: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 43: Rest of South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 44: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 45: Rest of South Asia & Oceania Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 46: Rest of South Asia & Oceania Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: South Asia & Oceania Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: South Asia & Oceania Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: South Asia & Oceania Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: South Asia & Oceania Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: South Asia & Oceania Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 06: South Asia & Oceania Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 07: South Asia & Oceania Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 08: South Asia & Oceania Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 09: South Asia & Oceania Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: South Asia & Oceania Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 11: South Asia & Oceania Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 12: South Asia & Oceania Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 13: South Asia & Oceania Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 14: India Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 15: India Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: India Industry Value Y-o-Y Growth and Forecast, 2034
Figure 17: India Industry Incremental $ Opportunity, 2024 to 2034
Figure 18: India Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 19: India Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 20: India Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 21: India Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 22: India Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 23: India Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 24: Thailand Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 25: Thailand Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 26: Thailand Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 27: Thailand Industry Incremental $ Opportunity, 2024 to 2034
Figure 28: Thailand Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 29: Thailand Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 30: Thailand Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 31: Thailand Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 32: Thailand Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 33: Thailand Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 34: Malaysia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 35: Malaysia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 36: Malaysia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 37: Malaysia Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 38: Malaysia Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 39: Malaysia Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 40: Malaysia Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 41: Malaysia Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 42: Malaysia Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 43: Indonesia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 44: Indonesia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 45: Indonesia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 46: Indonesia Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 47: Indonesia Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 48: Indonesia Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 49: Indonesia Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 50: Indonesia Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 51: Indonesia Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 52: Australia & New Zealand Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 53: Australia & New Zealand Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 54: Australia & New Zealand Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 55: Australia & New Zealand Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 56: Australia & New Zealand Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 57: Australia & New Zealand Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 58: Australia & New Zealand Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 59: Australia & New Zealand Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 60: Australia & New Zealand Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 61: Rest of South Asia & Oceania Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 62: Rest of South Asia & Oceania Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 63: Rest of South Asia & Oceania Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 64: Rest of South Asia & Oceania Industry Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 65: Rest of South Asia & Oceania Industry Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 66: Rest of South Asia & Oceania Industry Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 67: Rest of South Asia & Oceania Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 68: Rest of South Asia & Oceania Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 69: Rest of South Asia & Oceania Industry Attractiveness Analysis by Application, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the sales outlook for polybutylene adipate terephthalate in South Asia & Oceania?
Sales of polybutylene adipate terephthalate (PBAT) in South Asia & Oceania are estimated at US$ 184.4 million in 2024.
What is the projected market value for 2034?
The South Asia & Oceania market is forecasted to reach US$ 398.11 million by 2034.
How big is the estimated CAGR for the South Asia & Oceania market?
Demand for polybutylene adipate terephthalate in SAO is projected to rise at a CAGR of 8% from 2024 to 2034.
Which country is a leading consumer of polybutylene adipate terephthalate?
Sales of PBAT in India are projected to reach US$ 154.99 million by 2034.
Who are the top suppliers of polybutylene adipate terephthalate in SAO?
Ket market players include Indorama Ventures Public Company Limited, Far Eastern New Century Corporation, and Novamont S.p.A.
Which end-use industry widely uses polybutylene adipate terephthalate?
Revenue from polybutylene adipate terephthalate use in the packaging industry is expected to reach US$ 323.85 million by 2034.
Polybutylene Adipate Terephthalate (PBAT) Industry Analysis in South Asia & Oceania