Poly (Butylene Adipate-co-terephthalate) Market Overview –
The global poly (butylene adipate-co-terephthalate) (PBAT) market is expected to exhibit a solid 14.89?GR over the forecast period from 2021 to 2030, according to the latest research report from Market Research Future (MRFR). The global poly (butylene adipate-co-terephthalate) market is expected to reach USD 636.96 million by 2030.
Poly (butylene adipate-co-terephthalate) is widely used to produce composite bags, bin bags, cling films, and other films. It is a biodegradable plastic derived from adipic acid, dimethyl terephthalate, and 1,4 butanediol. The growing awareness regarding the problems of plastic waste has led to a growing demand for biodegradable plastics. This is likely to be a major driver for the global poly (butylene adipate-co-terephthalate) market over the forecast period. Biodegradable plastics degrade into constituent components over time, rather than remaining in the environment like other, nonbiodegradable plastics.
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Poly (Butylene Adipate-co-terephthalate) Market – Prominent Players:-
Far Eastern New Century Corporation,Lotte Fine Chemical Co., Ltd.,Jiangsu Tories biomaterials co., Ltd.,BASF SE, SK Chemicals,Jinhui Zhaolong High Technology.,Novamont SpA., WILLEAP,,Eastman Chemical Company.
Poly (Butylene Adipate-co-terephthalate) Market Dynamics:
This has driven the demand for poly (butylene adipate-co-terephthalate) over recent years. Growing government support for the use of biodegradable plastics across the world, especially in developed countries, is likely to remain a major driver for the global poly (butylene adipate-co-terephthalate) market over the forecast period. The increasingly supportive government policies towards biodegradable plastics have led to widespread growth in the demand for poly (butylene adipate-co-terephthalate) from the packaging industry. Growing consumer support for biodegradable plastics is also likely to be a major driver for the global poly (butylene adipate-co-terephthalate) market over the forecast period. The increasing usage of biodegradable plastic films in the packaged food and beverage industry is also likely to be a major driver for the global poly (butylene adipate-co-terephthalate) market. The growing demand for packaged food is thus likely to be a major driver for the global poly (butylene adipate-co-terephthalate) market. Due to their convenience to busy urban consumers, packaged food and beverage products have risen in demand over the last few years, leading to a growing demand for the packaging films used in food and beverage applications. This is likely to be a major driver for the global poly (butylene adipate-co-terephthalate) market.
On the other hand, the high research and development costs behind poly (butylene adipate-co-terephthalate) are likely to be a key restraint against the global market for the same, as the high R&D costs result in high costs for poly (butylene adipate-co-terephthalate) products, leading to less adoption by consumers.
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Market Segmentation
The global poly (butylene adipate-co-terephthalate) market is segmented on the basis of application, end use, and region.
By application, the global poly (butylene adipate-co-terephthalate) market is segmented into composite bags, bin bags, mulch films, cling films, stabilizers, and others. The composite bags segment holds a dominant 38% share in the market as of 2016 and is likely to dominate the market over the forecast period. The growing use of composite bags in food and beverage packaging is the major driver for the segment.
By end use, the global poly (butylene adipate-co-terephthalate) market is segmented into packaging, agriculture and fisheries, consumer goods, coatings, and others. The packaging segment accounts for the largest share in the global poly (butylene adipate-co-terephthalate) market due to the growing demand for packaged food and beverages.
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Regional Analysis
Europe is the leading regional market for poly (butylene adipate-co-terephthalate), due to the strong support shown by governments for the use of biodegradable plastics in the region. The growing demand for biodegradable plastic films from the packaging, agriculture and fishery, and consumer goods industries is likely to be a major driver for the poly (butylene adipate-co-terephthalate) market in Europe.
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1 Report Prologue
2 Market Definition
2.1 Market Definition 14
2.2 Scope Of The Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Market Structure 15
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction 20
4.2 Drivers 21
4.2.1 Increasing Application In Packaging Industry 21
4.2.2 Government Policies Toward Green Procurement 22
4.3 Restraint 23
4.3.1 Cost Competitiveness Of PBAT Over Conventional Plastics 23
4.4 Trend 23
4.4.1 Consumer Preference Toward Environmental-Friendly Products 23
4.5 Opportunity 24
4.5.1 Increasing Scope In End-Use Segment 24
5 Market Factor Analysis
5.1 Supply Chain Analysis 25
5.1.1 Raw Material Suppliers 25
5.1.2 PBAT Manufacturers 26
5.1.3 Distribution Channel 26
5.1.4 End-User Industry 26
5.2 Porter’s Five Force Analysis 27
5.2.1 Threat Of New Entrants 27
5.2.2 Threat Of Rivalry 28
5.2.3 Threat Of Substitute 28
5.2.4 Bargaining Power Of Supplier 28
5.2.5 Bargaining Power Of Buyer 28
Continue……
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