Polybutylene Adipate Terephthalate (PBAT) Industry Analysis in South Asia & Oceania

Polybutylene Adipate Terephthalate (PBAT) Sales Outlook for South Asia & Oceania (2024 to 2034)

Demand for polybutylene adipate terephthalate (PBAT) in South Asia & Oceania is calculated at a market value of US$ 184.4 million for 2024. The South Asia & Oceania market is projected to increase at a CAGR of 8% and reach a valuation of US$ 398.11 million by 2034.

Biodegradable and compostable polymer, polybutylene adipate terephthalate falls under the category of bioplastics. It is derived from renewable resources such as adipic acid, terephthalic acid, and 1,4-butanediol. PBAT is known for its environmentally friendly characteristics, making it an attractive option in various industries.

• Fact.MR, a market research and competitive intelligence provider, reveals that sales of polybutylene adipate terephthalate-based cling films in South Asia & Oceania are forecasted to increase at a CAGR of 8.4% through 2034.

With rising emphasis on sustainable and eco-friendly packaging materials, there is an increasing demand for PBAT in cling film production. The South Asia & Oceania region is witnessing a growing awareness of environmental issues, which is set to drive companies to adopt more sustainable packaging solutions such as PBAT-based cling films.

Government regulations promoting the use of biodegradable materials and discouraging single-use plastics are also set to play a crucial role in boosting the sales of polybutylene adipate terephthalate-based cling films across the region.

Report Attributes	Details
PBAT Sales in South Asia & Oceania (2024E)	US$ 184.4 Million
Forecasted Sales (2034F)	US$ 398.11 Million
Demand Growth (2024 to 2034)	8% CAGR
Polybutylene Adipate Terephthalate-Based Mulch Film Sales	US$ 19.3 Million
Key Companies Profiled	BASF SE Indorama Ventures Public Company Limited Far Eastern New Century Corporation Novamont S.p.A.

Which Market Trends are Pushing Demand for Polybutylene Adipate Terephthalate in South Asia & Oceania?

“Growing Shift toward Sustainable and Biodegradable Packaging Solutions”

Polybutylene adipate terephthalate demand in South Asia & Oceania is witnessing a transformative shift driven by evolving regulations and policies related to plastic use and environmental impact. Respective governments in the region are increasingly recognizing the environmental challenges posed by conventional plastics, particularly in terms of pollution and waste management, and leading to the adoption of sustainable packaging materials in various industries, including food and beverage, pharmaceuticals, and consumer goods.

Regulatory support for biodegradable materials is a key factor influencing the sales of polybutylene adipate terephthalate in the region. This regulatory backing is creating a conducive environment for PBAT manufacturers, providing them with opportunities to capitalize on the demand for environmentally friendly alternatives.

“Advancements in PBAT Manufacturing Technologies Improving their Overall Performance and Scalability”

Advancements in polybutylene adipate terephthalate manufacturing technologies are playing a pivotal role in enhancing the performance, cost-effectiveness, and scalability of this biodegradable polymer. Improved performance is a key outcome of technological advancements in PBAT manufacturing. Innovations in formulation and processing techniques are leading to enhancements in the material’s mechanical properties, such as tensile strength and flexibility. These improvements are making polybutylene adipate terephthalate more adaptable to diverse applications, expanding its utility beyond conventional uses, and creating opportunities for new market segments.

Scalability is a significant factor contributing to the wider acceptance of PBAT. The increasing scalability not only ensures a stable and sufficient supply of polybutylene adipate terephthalate for various applications but also helps in achieving economies of scale, contributing to cost-effectiveness.

Country-wise Analysis

What’s Influencing Consumption of Polybutylene Adipate Terephthalate in India?

“Strict Environmental Regulatory Initiatives and Rapid Urbanization”

Attribute	India
Market Value (2024E)	US$ 75.2 Million
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 154.99 Million

India is witnessing an increasing focus on environmental sustainability, leading to stringent regulations and policies aimed at reducing plastic pollution. The government’s emphasis on eco-friendly alternatives is boosting the demand for biodegradable materials such as polybutylene adipate terephthalate, positioning it as a viable solution in compliance with environmental standards.

Rapid urbanization and infrastructure development in India are increasing the demand for packaging materials, including films and bags. PBAT’s versatility, coupled with its biodegradability, positions it as an attractive choice for various applications, contributing to its growing sales in packaging solutions across different sectors in India.

What is the Sales Outlook for Polybutylene Adipate Terephthalate in Australia?

“Commitment to Circular Economy Principles Increasing Popularity of PBAT”

Attribute	Australia
Market Value (2024E)	US$ 37.5 Million
Growth Rate (2024 to 2034)	8% CAGR
Projected Value (2034F)	US$ 80.96 Million

Australia’s commitment to circular economy principles, emphasizing the importance of reducing waste and maximizing resource efficiency, is bolstering the demand for recyclable and biodegradable materials. PBAT fits well within this framework, contributing to its high sales in the Australia market. Ongoing innovations and research collaborations between PBAT manufacturers, research institutions, and industry players in Australia are resulting in the development of advanced PBAT formulations.

Category-wise Analysis

Which Factors are Increasing Demand for PBAT in the Packaging Industry?

“Regulatory Support, Consumer Awareness, and Bans on Single-Use Plastics”

Attribute	Packaging
Segment Value (2024E)	US$ 145.9 Million
Growth Rate (2024 to 2034)	8.3% CAGR
Projected Value (2034F)	US$ 323.85 Million

Several countries in South Asia & Oceania are implementing strict regulations to reduce the use of single-use plastics and promote the adoption of biodegradable materials. The bans on conventional plastics are increasing the popularity of PBAT in the packaging sector. Regulatory support for environmentally friendly alternatives is encouraging the use of polybutylene adipate terephthalate in various packaging applications.

Increasing awareness among consumers regarding the environmental impact of packaging materials is also leading to a high demand for products that are perceived as more sustainable. Companies, therefore, are adopting polybutylene adipate terephthalate in their packaging to meet consumer expectations and engage in green branding.

Competitive Landscape

Key market players are adopting a variety of strategies to enhance their revenue and profitability. Market leaders are investing heavily in research and development initiatives to innovate and introduce new products or enhance existing ones. This strategy is aiding leading companies to stay ahead of the competition, meet changing consumer preferences, and capture new market segments. Diversification strategies are further helping to mitigate risks associated with dependence on a single product and boost revenue streams.

Segmentation of PBAT Study in South Asia & Oceania

• By Application :

  • Compost & Garbage Bags
  • Cling Films
  • Mulch Films
  • Medical Accessories
  • Others

• By End-Use Industry :

  • Packaging
    • Rigid
    • Flexible
  • Agriculture & Horticulture
  • Consumer & Homecare
  • Coatings
  • Others

• By Country :

  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Australia & New Zealand
  • Rest of SA