Product Code: GVR-4-68040-395-1
Poly (Butylene Adipate-Co-Terephthalate) Market Growth & Trends:
The global poly (butylene adipate-co-terephthalate) market size is anticipated to reach USD 2.91 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2025 to 2030. This growth is driven by increasing demand for biodegradable and compostable plastics as a sustainable alternative to conventional polymers.
Poly (butylene adipate-co-terephthalate) (PBAT) is a bio-based copolymer synthesized from adipic acid, 1,4-butanediol, and either terephthalic acid or dimethyl terephthalate. This versatile material finds extensive application in packaging, coatings, and foams, as well as across the textile, agriculture, and other end-use industries. A key advantage of PBAT is its compostable nature, which often provides a favorable alternative to polylactic acid (PLA) in certain disposal scenarios. Positioned between PLA and polyhydroxyalkanoates (PHA) in terms of cost, PBAT offers a competitive pricing point. The market for PBAT is primarily expanding due to heightened global environmental awareness, increasingly stringent regulations on single-use plastics, and a growing consumer preference for environmentally responsible packaging and agricultural products. Its compostable and biodegradable characteristics, coupled with mechanical properties comparable to those of low-density polyethylene (LDPE), enable its widespread adoption across diverse applications.
While the Asia Pacific region currently holds the largest market share due to its extensive manufacturing capabilities and increasing adoption of sustainable practices, North America and Europe are experiencing considerable growth driven by robust regulatory frameworks and consumer awareness. The adaptability and ecological advantages of poly (butylene adipate-co-terephthalate) establish it as a crucial material in the progression towards a more circular economy.
Poly (Butylene Adipate-Co-Terephthalate) Market Report Highlights:
- In terms of grade, the extrusion grade segment held the largest revenue share of over 45% in 2024, attributed to the growing use as biodegradable mulch films in agriculture
- Based on applications, the composite bags held the largest share in 2024 in the poly (butylene adipate-co-terephthalate) industry
- Mulch films segment is expected to grow at the fastest CAGR during the forecast period
- Based on end use, the packaging segment accounted for the largest share in 2024. This was primarily driven by the excellent biodegradability and compostability of Poly (Butylene Adipate-Co-Terephthalate), which has made it a favored environmentally friendly substitute for traditional plastics in numerous packaging applications.
- Asia Pacific dominated the global market in 2024 due to its large-scale manufacturing capabilities, increasing environmental awareness, and strong government support for biodegradable polymers.
- Key players are pursuing mergers and acquisitions to gain a competitive advantage. For instance, in Sep 2021, LG Chem and TK CHEMICAL CORPORATION formalized a memorandum of understanding (MOU) to establish a production line for poly (butylene adipate-co-terephthalate). This collaborative effort aims to increase the supply and market availability of poly (butylene adipate-co-terephthalate), a biodegradable plastic.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Poly (Butylene Adipate-Co-Terephthalate) Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Poly (Butylene Adipate-Co-Terephthalate) Market: Grade Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Poly (Butylene Adipate-Co-Terephthalate) Market: Grade Movement Analysis & Market Share, 2024 & 2030
- 4.3. Extrusion Grade
- 4.3.1. Extrusion Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Thermoforming Grade
- 4.4.1. Thermoforming Grade Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Poly (Butylene Adipate-Co-Terephthalate) Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Poly (Butylene Adipate-Co-Terephthalate) Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Composite Bags
- 5.3.1. Composite Bags Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Bin Bags
- 5.4.1. Bin Bags Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Mulch Films
- 5.5.1. Mulch Films Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Cling Films
- 5.6.1. Cling Films Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Stabilizers
- 5.7.1. Stabilizers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Poly (Butylene Adipate-Co-Terephthalate) Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Poly (Butylene Adipate-Co-Terephthalate) Market: End Use Movement Analysis & Market Share, 2024 & 2030
- 6.3. Packaging
- 6.3.1. Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Agriculture
- 6.4.1. Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Bio-medical
- 6.5.1. Bio-medical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Poly (Butylene Adipate-Co-Terephthalate) Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key country dynamics
- 7.3.2.2. UK poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Germany poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Australia poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Australia poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Brazil poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa poly (butylene adipate-co-terephthalate) market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key country dynamics
- 7.6.2.2. South Africa poly (butylene adipate-co-terephthalate market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Saudi Arabia poly (butylene adipate-co-terephthalate market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 8. Poly (Butylene Adipate-Co-Terephthalate) Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map
- 8.4. Position Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research and Development
- 8.6. Company Profiles
- 8.6.1. BASF
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Novamont S.p.A
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Willeap
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Kingfa Sci.&Tech. Co.,Ltd.
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Hangzhou Peijin Chemical Co.,Ltd.
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Zhejiang Biodegradable Advanced Material Co. Ltd
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. ANHUI JUMEI BIOLOGICAL TECHNOLOGY CO., LTD
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. GO YEN CHEMICAL INDUSTRIAL CO LTD
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Jinhui Zhaolong Advanced Technology Co. Ltd
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments
- 8.6.10. Mitsui Plastics, Inc
- 8.6.10.1. Participant's overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Recent developments
- 8.6.11. Chang Chun Group
- 8.6.11.1. Participant's overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Recent developments