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The global polybutylene adipate
terephthalate market size was valued at USD 184.0 million in
2023. The industry is expected to expand from USD 198.7 million in 2024 to USD
376.5 million by 2032, exhibiting a CAGR of 8.3% over the study period.
Polybutylene adipate terephthalate (PBAT) means a renewable and
biodegradable synthetic polymer made by combining terephthalic acid,
1,4-butanediol, and adipic acid. It possesses superior toughness,
processability, and flexibility, which makes it a popular choice for
applications including agricultural films, packaging, and others. The growing
demand for biodegradable plastics is impelling the market expansion.
Source:
https://www.fortunebusinessinsights.com/polybutylene-adipate-terephthalate-market-109772
Moreover, the COVID-19 pandemic asserted a mixed impact on the
market. The market witnessed an increase in the demand for a few applications,
such as disposable and packaging products, which can attributed to the high
concerns pertaining to hygiene. On the other hand, the overall market was
challenged by reduced industrial activity coupled with interruptions in supply
chains.
Fortune Business Insights™ provides this information in its research report, titled “Polybutylene Adipate Terephthalate Market, 2024-2032”.
Segmentation:
Exceptional
Flexibility of the Product to Propel the Packaging Segment Growth
In terms of application, the market is segregated into consumer
goods, packaging, coatings & adhesives, agriculture & horticulture, and
others. The packaging segment occupied the largest share in the market in 2023.
The product demonstrates superior processability, flexibility, and
biodegradability, which makes it a preferred choice for different packaging
formats such as pouches, bags, rigid containers, and flexible films. This
factor is accelerating the packaging segment expansion.
Report
Coverage
The strategic initiatives undertaken by top companies in the
polybutylene adipate terephthalate market to reinforce their industry position
have been mentioned in the report. Besides this, it provides vital insights
into the latest trends, the COVID-19 pandemic impact, and notable industry
developments. Other aspects of the report include the significant factors
affecting the market growth.
Drivers
and Restraints:
Product’s
Exceptional Features to Impel its Uptake in Sustainable Packaging,
Escalating the Market Growth
Due to growing awareness of the environmental influence of
single-use plastics among regulators and consumers, there is a rising
requirement for sustainable packaging options. It is an appealing option to
traditional petroleum-based plastic, especially for disposable tableware,
shopping bags, and food packaging, owing to its capacity to degrade under
industrial composting settings.
Regional
Insights:
Asia
Pacific Leads Owing to Favorable Government Regulations
The Asia Pacific registers the largest polybutylene adipate
terephthalate market share. This can be credited to the strong packaging
industry along with favorable policies and regulations by the government that
encourage biodegradable materials.
The global polybutylene adipate
terephthalate market size was valued at USD 184.0 million in
2023. The industry is expected to expand from USD 198.7 million in 2024 to USD
376.5 million by 2032, exhibiting a CAGR of 8.3% over the study period.
Polybutylene adipate terephthalate (PBAT) means a renewable and
biodegradable synthetic polymer made by combining terephthalic acid,
1,4-butanediol, and adipic acid. It possesses superior toughness,
processability, and flexibility, which makes it a popular choice for
applications including agricultural films, packaging, and others. The growing
demand for biodegradable plastics is impelling the market expansion.
Source:
https://www.fortunebusinessinsights.com/polybutylene-adipate-terephthalate-market-109772
Moreover, the COVID-19 pandemic asserted a mixed impact on the
market. The market witnessed an increase in the demand for a few applications,
such as disposable and packaging products, which can attributed to the high
concerns pertaining to hygiene. On the other hand, the overall market was
challenged by reduced industrial activity coupled with interruptions in supply
chains.
Fortune Business Insights™ provides this information in its research report, titled “Polybutylene Adipate Terephthalate Market, 2024-2032”.
Segmentation:
Exceptional
Flexibility of the Product to Propel the Packaging Segment Growth
In terms of application, the market is segregated into consumer
goods, packaging, coatings & adhesives, agriculture & horticulture, and
others. The packaging segment occupied the largest share in the market in 2023.
The product demonstrates superior processability, flexibility, and
biodegradability, which makes it a preferred choice for different packaging
formats such as pouches, bags, rigid containers, and flexible films. This
factor is accelerating the packaging segment expansion.
Report
Coverage
The strategic initiatives undertaken by top companies in the
polybutylene adipate terephthalate market to reinforce their industry position
have been mentioned in the report. Besides this, it provides vital insights
into the latest trends, the COVID-19 pandemic impact, and notable industry
developments. Other aspects of the report include the significant factors
affecting the market growth.
Drivers
and Restraints:
Product’s
Exceptional Features to Impel its Uptake in Sustainable Packaging,
Escalating the Market Growth
Due to growing awareness of the environmental influence of
single-use plastics among regulators and consumers, there is a rising
requirement for sustainable packaging options. It is an appealing option to
traditional petroleum-based plastic, especially for disposable tableware,
shopping bags, and food packaging, owing to its capacity to degrade under
industrial composting settings.
Regional
Insights:
Asia
Pacific Leads Owing to Favorable Government Regulations
The Asia Pacific registers the largest polybutylene adipate
terephthalate market share. This can be credited to the strong packaging
industry along with favorable policies and regulations by the government that
encourage biodegradable materials.
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