Polybutylene Adipate Terephthalate Market Size is valued at USD 1.7 Bn in 2024 And is predicted to reach USD 4.1 Bn by the year 2034 at a 9.1% CAGR during the forecast period for 2025-2034.
Adipic acid, 1,4-butanediol, and DMT monomers randomly copolymerize to form Polybutylene Adipate Terephthalate (PBAT), poly (butylene adipate-co-terephthalate), a biodegradable, semi-aromatic thermoplastic copolyester. Because of its characteristics, including biodegradability, high heat resistance, and mechanical strength, PBAT is greatly favored over other plastic goods. These characteristics of PBAT make it the perfect material for producers to use when creating biodegradable goods to address the growing environmental issues brought on by traditional plastics. Low-density polyethylene is touted as a biodegradable alternative to polybutylene adipate terephthalate.
Additionally, the rise in CRS initiatives to reduce reliance on fossil fuels, the increased emphasis on finding environmentally friendly alternatives, and the quick changes in the consumer products, packaging, and the beverage and food sectors contribute to the global market's revenue growth. During the forecast period, growth in the market is anticipated to be boosted by additional factors, including rising disposable income, high preference for packaged food, beverages, and online shopping, rising demand for composite bags, bin bags, mulch films, and cling films, and rising investments in R&D activities.
The Polybutylene adipate terephthalate market is segmented based on grade, applications and end user. Based on grade, the polybutylene adipate terephthalate market is segmented into extrusion grade, thermoforming grade and other grades. The application segment consists of films sheets & bin liners, coating & adhesive, molded products, fibers and other applications. By end user, the market is segmented as packaging, consumer goods, agriculture, bio-medical, and other end users.
The packaging category will record a major share of the global Polybutylene Adipate Terephthalate market in 2021. because of the world's rapidly growing population, shifting consumer tastes, increasing demands for packaged foods and other products, and the explosive growth of the food and beverage industry and e-commerce. Other elements anticipated to contribute to the segment's revenue growth during the projected period include growing consumer awareness of sustainable packaging, high usage of intelligent packaging for fruits and vegetables, and rising demand for single-use plastics and packaging solutions in the wake of the COVID-19 pandemic.
The extrusion grade segment is projected to grow rapidly in the global polybutylene adipate terephthalate market. A particular variety of polyethylene called extrusion grade is utilized in producing pipes, tubes, and films. It has several qualities crucial for pipe and tube fittings, including color, strength, and stiffness. The standard or everyday grades can be distinguished from the extrusion grade by looking at their physical traits, such as color and molecular weight. The rising demand from the automotive, industrial, and electronics industries is responsible for the market's expansion. Because of the greater need for complicated, lightweight, high-quality products, injection molding grade dominates the market.
The Asia Pacific polybutylene adipate terephthalate market is expected to Record the maximum market share in revenue shortly. As consumer spending grows dramatically and administrations worldwide promote bioproducts over petrochemical ones, there are expanding markets for PBAT. Packaging and bags made of polybutylene terephthalate are employed, and the fast food industry's expansion and consumer expenditure on purchasing things online have fueled market expansion. In addition, Asia Pacific is estimated to develop rapidly in the global Polybutylene Adipate Terephthalate market. A result of government attempts to promote PBAT products, expanding urbanization, a sizable consumer base, growing consumer knowledge of biodegradable products, and sustainability.
In addition, the region's expanding needs for mulch bags, composite bags, and cling films, as well as a growing preference for packaging that breaks down and rising investments in creating more advanced PBAT products, are anticipated to propel market growth in European region.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 1.7 Bn |
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Revenue Forecast In 2034 |
USD 4.1 Bn |
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Growth Rate CAGR |
CAGR of 9.1% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (Ton) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Grade, By Application, By End-Use Industry |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
BASF SE (Germany), Novamont S.p.A (Italy), Willeap (South Korea), Kingfa (China), Hangzhou Peijin Chemical Co. Ltd (China), Zhejiang Biodegradable Advanced Material Co. Ltd (China), Anhui Jumei Biotechnology (China), Go Yen Chemical Industrial Co., Ltd (Taiwan), Jinhui Zhaolong Advanced Technology Co. Ltd (China), Mitsui Plastics, Inc (US), Chang Chun Group (China), and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Polybutylene Adipate Terephthalate Market Snapshot
Chapter 4. Global Polybutylene Adipate Terephthalate Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry
Chapter 5. Market Segmentation 1: By Grade Estimates & Trend Analysis
5.1. By Grade & Market Share, 2024-2034
5.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Grade:
5.2.1. Extrusion Grade
5.2.2. Thermoforming Grade
5.2.3. Other Grades
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2024-2034
6.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By Application:
6.2.1. Films, Sheets & Bin Liners
6.2.2. Coatings & Adhesives
6.2.3. Molded Products
6.2.4. Fibers
6.2.5. Other Applications
Chapter 7. Market Segmentation 3: By End-Use Industries Estimates & Trend Analysis
7.1. By End-Use Industries & Market Share, 2024-2034
7.2. Market Size (Value US$ Mn & Volume (Ton)) & Forecasts and Trend Analyses, 2021-2034 for the following By End-Use Industries:
7.2.1. Packaging
7.2.1.1. Food Packaging
7.2.1.2. Non-Food Packaging
7.2.2. Consumer Goods
7.2.3. Agriculture
7.2.3.1. Mulch Films
7.2.3.2. Netting
7.2.3.3. Others
7.2.4. Bio-medical
7.2.4.1. Medical Devices
7.2.4.2. Medical Consumables
7.2.4.3. Bone Implants
7.2.5. Other End-Use Industries
7.2.5.1. Textiles
7.2.5.2. Electronics
Chapter 8. Polybutylene Adipate Terephthalate Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Grade, 2021-2034
8.1.2. North America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Application, 2021-2034
8.1.3. North America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By End-Use Industries, 2021-2034
8.1.4. North America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts by country, 2021-2034
8.1.4.1. U.S.
8.1.4.2. Canada
8.2. Europe
8.2.1. Europe Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) By Grade, 2021-2034
8.2.2. Europe Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Application, 2021-2034
8.2.3. Europe Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By End-Use Industries, 2021-2034
8.2.4. Europe Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) by country, 2021-2034
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe
8.3. Asia Pacific
8.3.1. Asia Pacific Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) By Grade, 2021-2034
8.3.2. Asia Pacific Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Application, 2021-2034
8.3.3. Asia Pacific Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By End-Use Industries, 2021-2034
8.3.4. Asia Pacific Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) by country, 2021-2034
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific
8.4. Latin America
8.4.1. Latin America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) By Grade, 2021-2034
8.4.2. Latin America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Application, 2021-2034
8.4.3. Latin America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By End-Use Industries, 2021-2034
8.4.4. Latin America Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) by country, (US$ Million) 2021-2034
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America
8.5. Middle East & Africa
8.5.1. Middle East & Africa Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) By Grade, (US$ Million)
8.5.2. Middle East & Africa Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Product, 2021-2034
8.5.3. Middle East & Africa Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By Application, 2021-2034
8.5.4. Middle East & Africa Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) estimates and forecasts By End-Use Industries, 2021-2034
8.5.5. Middle East & Africa Polybutylene Adipate Terephthalate Market revenue (US$ Million) & volume (Ton) by country, (US$ Million) 2021-2034
8.5.5.1. South Africa
8.5.5.2. GCC Countries
8.5.5.3. Rest of MEA
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. BASF SE (Germany),
9.2.2. Novamont S.p.A (Italy),
9.2.3. Willeap (South Korea),
9.2.4. Kingfa (China),
9.2.5. Hangjhou Peijin Chemical Co. Ltd (China),
9.2.6. Zhejiang Biodegradable Advanced Material Co. Ltd (China),
9.2.7. Anhui Jumei Biotechnology (China),
9.2.8. Go Yen Chemical Industrial Co. Ltd (Taiwan),
9.2.9. Jinhui Zhaolong Advanced Technology Co. Ltd (China),
9.2.10. Mitsui Plastics, Inc (US),
9.2.11. Chang Chun Group (China).
Polybutylene Adipate Terephthalate Market By Grade-
Polybutylene Adipate Terephthalate Market By Application-
Polybutylene Adipate Terephthalate Market By End-Use Industry
Polybutylene Adipate Terephthalate Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
