Polybutylene adipate terephthalate (PBAT) refers to the renewable and biodegradable synthetic polymer manufactured using a combination of 1,4-butanediol, terephthalic acid, and adipic acid. The superior attributes of the product, which is poised to surge its uptake in sustainable packaging, are fostering the market growth. Owing to its high composability and biodegradability, PBAT is becoming popular in the packaging sector.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Polybutylene Adipate Terephthalate Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
According to Fortune Business Insights the global polybutylene adipate terephthalate market size was valued at USD 184.0 million in 2023 and is projected to grow from USD 198.7 million in 2024 to USD 376.5 million by 2032 at a CAGR of 8.3% during the forecast period.
List of the Key Players in the Polybutylene Adipate Terephthalate Market:
Segmentation:
Surging Consumer Demand for Sustainable Packaging Solutions to Fuel the Segment Expansion
On the basis of application, the market is divided into agriculture & horticulture, consumer goods, coatings & adhesives, packaging, and others. The packaging segment captured the largest polybutylene adipate terephthalate market share in 2023. The growing regulatory and consumer demand for sustainable packaging solutions is bolstering the adoption of the product in the packaging sector.