PBAT 시장 : 현황 분석 및 예측(2024-2032)

Polybutylene Adipate Terephthalate (PBAT) is a biodegradable copolyester derived from adipic acid, terephthalic acid, and 1,4-butanediol. PBAT is known for its versatility, high tensile strength, and biodegradability. They are used in packaging materials, agricultural films, and most other single-use plastics. It can be combined with other bioplastics including Polylactic acid (PLA) to improve performance. PBAT is used in sustainable packaging because the material degrades under industrial composting conditions and is thus considered compostable plastic.

With more countries adopting either bans or taxes on conventional plastics, PBAT remains a highly attractive growth space as an alternative in sustainable packaging, agricultural, and medical segments. The continuous changes witnessed in biopolymer blends and the gradual development of PBAT recycling technologies widen the market opportunities for businesses and can greatly inspire cost efficiencies.

Based on the application, the Polybutylene Adipate Terephthalate market is segmented into composite bags, cling films, bin bags, and medical clothing. The composite bags segment caters to a significant share of the Polybutylene Adipate Terephthalate market. This has been attributed to the growing global concern about the use of plastics and packaging materials, which has resulted in the formulation of strict laws by governments minimizing the use of plastics and packaging all over the world. PBAT's flexibility, high tensile strength, and capacity to biodegrade under industrial composting conditions make it suitable to produce composite bags for retail shopping, food packing, and horticulture purposes, among others. These attributes make PBAT an ideal material in the development of green solutions for the replacement of plastic bags.

Based on end-use, the Polybutylene Adipate Terephthalate market is categorized into packaging, agriculture, fishery, consumer goods, and coatings. The packaging segment catered to a significant share of the market. This dominance is mainly attributable to the rising global calls to address plastic pollution and the shift towards biodegradable packaging materials. The composability of PBAT allows using this material to produce bags, wrappers, and films, as well as flexibility and high strength. As the global environment becomes conscious of the impact and effect of plastics on their ecosystem with governments putting up measures that will phase out the use of the existing plastics or even putting up bans on the use of these plastics, industries are shifting to using environmentally friendly packaging like the PBAT-based packaging.

For a better understanding of the market adoption of Polybutylene Adipate Terephthalate, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), Rest of World. Europe has significantly contributed to the expansion of the Polybutylene Adipate Terephthalate market. This is mainly owing to high standards of environmental protection and long-term emphasis on environmental sustainability. The European Union (EU) has had several policies about the reduction of plastics such as the ban on single-use plastics and the requirement for biodegradable and compostable plastics. These have imposed the need for companies, especially in the packaging and agricultural industries, to adopt PBAT-based products as the new alternative to these regulations. Furthermore, as the consumer becomes more environmentally conscious, the usage of PBAT has gained popularity as more commerce and industries search for more eco-friendly materials to use in their products. PBAT is also easy to adopt due to the growth and stability of composting industries within the region and therefore interfaces with manufacturers and consumers seeking environmentally friendly substitutes.

Some of the major players operating in the market include BASF, Feddersen Group, Jin Hui Zhao Long High Technology Co., Ltd., Amco Polymers, Mitsui Plastics Inc, Chang Chung Group, Anuhei Jumei biotechnology Co, Ltd, SK Chemicals, Cosmos Plastics and Chemicals, and Eastman Chemicals.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Polybutylene Adipate Terephthalate Market
• 2.2. Research Methodology of the Polybutylene Adipate Terephthalate Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL POLYBUTYLENE ADIPATE TEREPHTHALATE MARKET REVENUE (USD MN), 2022-2032F

7.MARKET INSIGHTS BY APPLICATION

• 7.1. Composite Bags
• 7.2. Cling Films
• 7.3. Bin Bags
• 7.4. Medical Clothing

8.MARKET INSIGHTS BY END-USE

• 8.1. Packaging
• 8.2. Agriculture
• 8.3. Fishery
• 8.4. Consumer Goods
• 8.5. Coatings

9.MARKET INSIGHTS BY REGION

• 9.1. North America
  • 9.1.1. U.S.
  • 9.1.2. Canada
  • 9.1.3. Rest of North America
• 9.2. Europe
  • 9.2.1. Germany
  • 9.2.2. UK
  • 9.2.3. France
  • 9.2.4. Spain
  • 9.2.5. Italy
  • 9.2.6. Rest of Europe
• 9.3. Asia-Pacific
  • 9.3.1. China
  • 9.3.2. Japan
  • 9.3.3. India
  • 9.3.4. Rest of Asia-Pacific
• 9.4. Rest of World

10.VALUE CHAIN ANALYSIS

• 10.1. Marginal Analysis
• 10.2. List of Market Participants

11.COMPETITIVE LANDSCAPE

• 11.1. Competition Dashboard
• 11.2. Competitor Market Positioning Analysis
• 11.3. Porter Five Forces Analysis

12.COMPANY PROFILED

• 12.1. BASF
  • 12.1.1. Company Overview
  • 12.1.2. Key Financials
  • 12.1.3. SWOT Analysis
  • 12.1.4. Product Portfolio
  • 12.1.5. Recent Developments
• 12.2. Feddersen Group
• 12.3. Jin Hui Zhao Long High Technology Co., Ltd.
• 12.4. Amco Polymers
• 12.5. Mitsui Plastics Inc
• 12.6. Chang Chung Group
• 12.7. Anuhei Jumei biotechnology Co, Ltd
• 12.8. SK Chemicals
• 12.9. Cosmos Plastics and Chemicals
• 12.10. Eastman Chemicals

13.ACRONYMS & ASSUMPTION

14.ANNEXURE