Poly (Butylene Adipate-Co-Terephthalate) Market is predicted to reach USD 3.2 billion at a CAGR of 8.90% during the forecast period

Pune, INDIA, September 2023/Market Research Future (MRFR) announces the publication of its research report – Poly (Butylene Adipate-Co-Terephthalate) (PBAT) Market 2023-2032

Market Research Future (MRFR) has published a cooked research report on the “Global Poly (Butylene Adipate-Co-Terephthalate) Market” that contains information from 2023 to 2032. The Global Poly (Butylene Adipate-Co-Terephthalate) Market is estimated to register a CAGR of 8.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Poly (Butylene Adipate-Co-Terephthalate) Market— Far Eastern New Century Corporation, Lotte Fine Chemical Co. Ltd, Jiangsu Tories biomaterials co. Ltd, BASF SE, SK Chemicals, Jinhui Zhaolong High Technology, Novamont SpA, WILLEAP, and Eastman Chemical Company.

Poly Butylene Adipate Co Terephthalate Market Highlights

Global Poly (Butylene Adipate-Co-Terephthalate) Market is accounted to register a CAGR of 8.90% during the forecast period and is estimated to reach USD 3.2 Billion by 2032.

Poly (Butylene Adipate-Co-Terephthalate), or PBAT, is a biodegradable thermoplastic elastomer composed of two main monomers: butylene adipate and terephthalate. It is widely used as an eco-friendly alternative to traditional petroleum-based plastics due to its ability to break down naturally in composting conditions. PBAT offers good flexibility, tensile strength, and elongation properties, making it suitable for various applications, especially in the packaging industry. Its dominance in the market is attributed to government initiatives promoting sustainable products, expanding urbanization, growing consumer awareness of biodegradable options, and increasing demand for environmentally friendly packaging materials like mulch bags, composite bags, and cling films.

Segment Analysis

The Global Poly (Butylene Adipate-Co-Terephthalate) Market has been segmented based on Application, and End Use.

Based on Application, the market is segmented into Composite Bags, Bin Bags, Mulch Films, Cling Films, and Stabilizers. The dominance of the Composite Bags category in the Poly (Butylene Adipate-Co-Terephthalate) market can be attributed to its widespread use as a sustainable and biodegradable alternative to traditional plastic bags.

Based on End Use, the market is segmented into Packaging, Agriculture & Fishery, Consumer Goods, and Coating. The Packaging category dominates the Poly (Butylene Adipate-Co-Terephthalate) market due to its eco-friendly and biodegradable properties, making it a preferred choice for sustainable packaging solutions.

Regional Analysis

The Global Poly (Butylene Adipate-Co-Terephthalate) Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Poly (Butylene Adipate-Co-Terephthalate) Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Poly (Butylene Adipate-Co-Terephthalate) Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Poly (Butylene Adipate-Co-Terephthalate) Market comprises of Middle East, Africa, and Latin America.

In 2022, the Asia Pacific Poly (Butylene Adipate-Co-Terephthalate) market dominated with a 45.80% share, driven by government initiatives to promote PBAT products, urbanization, a sizable consumer base, increasing awareness of biodegradable options, and sustainability efforts. The region's demand for mulch bags, composite bags, and cling films, along with a preference for biodegradable packaging and investments in advanced PBAT products, are expected to fuel further growth.

Between 2023 and 2032, the North America Poly (Butylene Adipate-Co-Terephthalate) market is projected to exhibit the fastest growth, primarily due to the widespread use of PBAT-based compost and rubbish bags and increasing adoption by various industries seeking sustainable packaging solutions driven by public awareness of biodegradable plastics.

In Europe, the Poly (Butylene Adipate-Co-Terephthalate) market holds a significant market share, attributed to consumers' higher disposable income, a rapidly expanding food and beverage industry, growing demand for biodegradable products, a developing market for premium packaged foods, increasing interest in compostable packaging, and stringent regulatory measures.

Key Findings of the Study

• The Global Poly (Butylene Adipate-Co-Terephthalate) Market is expected to reach USD 3.2 Billion by 2032, at a CAGR of 8.90% during the forecast period.


• The Asia Pacific Poly (Butylene Adipate-Co-Terephthalate) market was the dominant force in 2022, commanding a 45.80% share, fueled by government initiatives promoting PBAT products, rapid urbanization, a substantial consumer base, rising awareness of biodegradable alternatives, and sustainability initiatives.


• Based on the Application, the Market has been segmented into Composite Bags holding the largest market in 2023.


• Far Eastern New Century Corporation, Lotte Fine Chemical Co. Ltd, Jiangsu Tories biomaterials co. Ltd, BASF SE, SK Chemicals, Jinhui Zhaolong High Technology, Novamont SpA, WILLEAP, and Eastman Chemical Company.

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