Analysis of Polybutylene Adipate Terephthalate (PBAT) Industry Covering Countries Includes Analysis of China, Japan and South Korea.
Fact.MR, in its newly published research report, reveals that sales of polybutylene adipate terephthalate (PBAT) in East Asia are estimated at US$ 171.7 million in 2024 and are projected to advance at a CAGR of 8.3% to reach US$ 381 million by the end of 2034.
PBAT is used widely in the manufacturing of compostable and biodegradable packaging materials. There is an increase in the demand for polybutylene adipate terephthalate owing to increasing environmental concerns along with the implementation of stringent regulations for an eco-friendly approach to the environment.
Governments in East Asian countries are implementing regulations for promoting the adoption of biodegradable materials and minimizing plastic use. In addition, rising consumer awareness about the adverse impact of plastics is projected to lead to a shifting preference for biodegradable alternatives.
Disposable products, agricultural films, and packaging are some of the popular applications of polybutylene adipate terephthalate. Furthermore, players in East Asia are investing in R&D to produce polybutylene adipate terephthalate with improved efficiency, thus making it more suitable for a wide application range. The biodegradability, flexibility, and mechanical strength of PBAT are projected to contribute to its popularity. Consumer goods, textiles, agriculture, and packaging are some of the prominent end-use industries of PBAT in the East Asian region.
| Report Attributes | Details |
|---|---|
| PBAT Sales in East Asia (2024E) | US$ 171.7 Million |
| Projected Sales (2034F) | US$ 381 Million |
| Demand Growth (2024 to 2034) | 8.3% CAGR |
| Sales in Japan (2024E) | US$ 27.7 Million |
| Demand Growth in South Korea (2024 to 2034) | 8.1% CAGR |
| Sales in China (2034F) | US$ 237.5 Million |
| Market Share of Cling Films (2024E) | >75% |
| Key Companies Profiled | Zhejiang Hisun Biomaterials Co., Ltd.; Shenzhen Polymtek Biomaterial Co., Ltd.; Shenzhen Ecomann Biotechnology Co., Ltd |
“Rising Preference for Biodegradable Plastics”
A shifting trend toward biodegradable plastics is a multifaceted phenomenon, which is attributed to the rising awareness among more consumers about the detrimental environmental impacts of traditional plastics. Widespread awareness about the adverse impacts of plastics, including ocean contamination, plastic pollution, etc. is projected to impact the purchasing choices of more consumers. This heightened awareness is expected to catalyze a noteworthy change in consumer preferences with an inclination to eco-friendly and sustainable alternatives.
An increase in the demand for biodegradable plastics, including polybutylene adipate terephthalate, is experienced with a growing emphasis on sustainability. PBAT possesses some intrinsic properties, which make it an attractive choice for several applications, such as agricultural films, disposable products, and packaging. One of the noteworthy features of polybutylene adipate terephthalate is its ability to compose and biodegrade under suitable conditions, thus minimizing the environmental burden, which is otherwise caused due to conventional plastics. Therefore, a shifting trend to biodegradable plastics, such as PBAT, etc., is attributed to a movement toward environmental stewardship and sustainability.
“Rising Environmental Concerns Increasing Demand for PBAT as Biodegradable Polymer”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 104.1 Million |
| Growth Rate (2024 to 2034) | 8.6% CAGR |
| Projected Value (2034F) | US$ 237.5 Million |
Polybutylene adipate terephthalate is a compostable and biodegradable polymer, which is projected to make it an attractive option for consumers and industries with rising concerns about their environmental footprints. In addition, China is facing some environmental challenges. Therefore, a rising concentration on eco-friendly alternatives is projected to increase demand for polybutylene adipate terephthalate in the country.
The government in China is implementing stringent regulations and policies for the promotion of the environment while minimizing plastic waste. In addition, certain measures, such as incentives, etc. are also taken to create a favorable environment to adopt PBAT.
“Increasing Focus on Sustainability Initiatives”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 27.7 Million |
| Growth Rate (2024 to 2034) | 8.1% CAGR |
| Projected Value (2034F) | US$ 60.5 Million |
A majority of companies in Japan are incorporating various sustainability goals into their respective strategies. This includes various incentives to minimize plastic use, adopt biodegradable materials, and increase recycling. Polybutylene adipate terephthalate fits well into the efforts put forward for sustainability, therefore experiencing increased demand. Numerous companies looking for environment-friendly solutions in packaging and products are estimated to contribute to rising sales of polybutylene adipate terephthalate in Japan.
“Biodegradability and Improved Performance of PBAT Contributing to Popularity in Cling Films”
| Attribute | Cling Films |
|---|---|
| Segment Value (2024E) | US$ 128.8 Million |
| Growth Rate (2024 to 2034) | 8.5% CAGR |
| Projected Value (2034F) | US$ 292 Million |
PBAT is one of the popular biodegradable polyesters, which can be broken into water, biomass, and carbon dioxide under required conditions by microorganisms. Rising concerns about environmental sustainability and plastic pollution are projected to lead to the adoption of polybutylene adipate terephthalate in cling films, used for packaging purposes. PBAT provides better mechanical properties and is processed with the use of some standard equipment. This is projected to contribute to the consumption of polybutylene adipate terephthalate in cling film without any compromise with quality.
“Contribution of PBAT in Helping Packaging Companies Meet Corporate Social Responsibility (CSR) and Brand Image”
| Attribute | Packaging |
|---|---|
| Segment Value (2024E) | US$ 129.8 Million |
| Growth Rate (2024 to 2034) | 8.6% CAGR |
| Projected Value (2034F) | US$ 296 Million |
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that increased demand for polybutylene adipate terephthalate in packaging applications is attributed to its assistance in achieving incorporating goals to improve brand image. It also helps in matching the expectations of various socially conscious consumers. The adoption of polybutylene adipate terephthalate is projected to help packaging companies enhance CSR profiles and attract more consumers with environmental consciousness.
Prominent manufacturers of polybutylene adipate terephthalate in East Asia are investing in product innovation to provide more effective solutions. In addition, they are concentrating on the management of supply chain systems, new development, and quality control of products offered.
Some of the leading manufacturers of polybutylene adipate terephthalate operating in the East Asian market are Zhejiang Hisun Biomaterials Co., Ltd., Shenzhen Polymtek Biomaterial Co., Ltd., and Shenzhen Ecomann Biotechnology Co., Ltd.
What is the demand outlook for polybutylene adipate terephthalate (PBAT) in East Asia?
Demand for polybutylene adipate terephthalate (PBAT) in East Asia is calculated at a market valuation of US$ 171.7 million in 2024.
How much are the sales of PBAT projected to reach by the end of 2034?
Sales of polybutylene adipate terephthalate are projected to reach US$ 381 million by 2034.
What is the forecasted growth rate for the East Asian market?
The market in East Asia is projected to advance at 8.3% CAGR from 2024 to 2034.
How much are cling films anticipated to account for in East Asia?
Cling films are set to account for more than 75% share of the East Asian market in 2024.
What is the demand valuation for polybutylene adipate terephthalate in Japan?
Demand for PBAT in Japan is anticipated to reach a market valuation of US$ 27.7 million in 2024.
At what CAGR are the sales of PBAT approximated to rise in South Korea?
Sales of PBAT in South Korea are forecasted to rise at a CAGR of 8.1% from 2024 to 2034.
What are the sales projections for polybutylene adipate terephthalate in China?
The market in China is set to reach US$ 237.5 million by the end of 2034.
Polybutylene Adipate Terephthalate (PBAT) Industry Analysis in East Asia