# Poly (Butylene Adipate-Co-Terephthalate) Market

> Poly (Butylene Adipate-Co-Terephthalate) Market Research Report Information By Application (Composite Bags, Bin Bags, Mulch Films, Cling Films, and Stabilizers), By End Use (Packaging, Agriculture & Fishery, Consumer Goods, and Coating), and By Region (North America, Europe, Asia-Pacific, and Rest of The World) – Market Forecast Till 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 7.89%
- **2024:** $ 1.74 Billion
- **2025:** $ 1.88 Billion
- **2035:** $ 4.01 Billion
- **Key Players:** BASF SE (DE), DuPont de Nemours Inc (US), Mitsubishi Chemical Corporation (JP), Eastman Chemical Company (US), Kraton Corporation (US), LG Chem Ltd (KR), SABIC (SA), Teijin Limited (JP), Toray Industries Inc (JP)

**Report ID:** MRFR/CnM/2596-CR · **Pages:** 111 · **Author:** Chitranshi Jaiswal · **Last Updated:** May 15, 2026

**URL:** https://www.marketresearchfuture.com/reports/poly-butylene-adipate-co-terephthalate-market-3883

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## Market Summary

## **Global Poly (Butylene Adipate-Co-Terephthalate) Market Overview**

Poly (Butylene Adipate-Co-Terephthalate) Market Size was valued at USD 1.6 Billion in 2023. The Poly (Butylene Adipate-Co-Terephthalate) industry is projected to grow from USD 1.74 Billion in 2024 to USD 3.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.89% during the forecast period (2024 - 2032). Adoption as an appropriate replacement for low density polyethylene (LDPE), supportive government policies for green procurement, an increase in the usage of biodegradable plastic in packaging, and a rise in customer appetite for packaged foods, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

## **Poly (Butylene Adipate-Co-Terephthalate) Market Trends**

The market for biodegradable plastics like PBAT is expanding as a result of consumer awareness of sustainable plastic alternatives and widespread initiatives to stop using conventional plastics that are not biodegradable. Traditional plastics, which are mostly made of petroleum, take decades to disintegrate and spend a lot of time in landfills. When biodegradable plastics are thrown away or reincorporated into the environment, they degrade more quickly. Additionally, compared to conventional plastics, biodegradable polymers decompose significantly more quickly because to the actions of microbes.

The adoption of PBAT is encouraged by the increased public knowledge of these negative consequences (caused by conventional plastics).

Concern over the potential health dangers connected to conventional plastics is also rising. Because PBAT is non-toxic, using it is safer and better for you. PVC, for instance, can result in genetic problems, ulcers, hearing loss, and vision impairment. Customers are paying more attention to how their purchases affect the environment. As a result, there is a rising need for environmentally friendly and sustainable goods, particularly those produced with PBAT.

PBAT is ductile and durable, and it may be produced using standard film extrusion methods. This contributes to the production of films having LDPE-like mechanical characteristics. Nevertheless, PBAT is more rigid than its homopolymers. Incorporating PBAT into polymer blends that contain brittle polymers like PLA (Polylactic Acid) or thermoplastic starch (TPS) can therefore aid increase their toughness without affecting their biodegradability.

Increased research is being conducted by PBAT (polybutylene adipate terephthalate) industry participants to create flexible and moldable composites based on PBAT and calcium carbonate. When compared to other biodegradable plastics, the combination of cheap calcium carbonate and PBAT is somewhat cost-competitive. On the other hand, producers are expanding the amount of packaging films they produce using a mixture of PBAT and PBS (polybutylene succinate). Thus, driving the Poly (Butylene Adipate-Co-Terephthalate) market revenue.

## **Poly (Butylene Adipate-Co-Terephthalate) Market Segment Insights**

### **Poly (Butylene Adipate-Co-Terephthalate) Application Insights**

The Poly (Butylene Adipate-Co-Terephthalate) market segmentation, based on Application, includes composite bags, bin bags, mulch films, cling films, and stabilizers. In 2022, the market segment for composite bags was the largest. This is explained by the fast (3–6 month) degradation of such plastic bags. Additionally, it is a better environmental alternative because to its lower carbon footprint when compared to plastics made from petroleum. Additionally, within the examined time frame, it is anticipated that the booming packaged food and beverage industries in places like Asia-Pacific and Europe will increase demand for biodegradable plastics like polybutylene adipate terephthalate.

### **Poly (Butylene Adipate-Co-Terephthalate) End Use Insights**

The Poly (Butylene Adipate-Co-Terephthalate) market segmentation, based on End Use, includes packaging, agriculture & fishery, consumer goods, and coatings. In 2022, the packaging segment had the greatest share. The packaging sector has been growing steadily over the past few years. The packaging industry has been significantly influenced by the food and beverage sector. During the projected period, it is anticipated that the packaged food industry's expansion will increase demand for paperboard packaging. Packaging for consumer goods uses PBAT. The application's market share is expected to increase soon.

Over the next few years, it is predicted that appealing esthetics will be created by removing unneeded content and elegant, minimalist packaging design will be major trends. Given that PBAT is frequently used in food packaging, the expansion of the packaging sector is one of the major factors driving the worldwide PBAT market. The PBAT market is anticipated to be driven by an increase in demand for packaged foods.

**Figure 1: Poly (Butylene Adipate-Co-Terephthalate) Market, by End Use, 2022 & 2032 (USD Billion)**

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

### **Poly (Butylene Adipate-Co-Terephthalate) Regional Insights**

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Poly (Butylene Adipate-Co-Terephthalate) market, dominated this market in 2022 (45.80%), a result of government attempts to promote PBAT products, expanding urbanization, a sizable consumer base, growing consumer knowledge of biodegradable products, and sustainability. Growing demand for mulch bags, composite bags, and cling films throughout the region, a growing preference for biodegradable packaging, and rising investments for the development of more advanced PBAT products are also anticipated to propel the growth of the Asia Pacific market.

Moreover, China’s Poly (Butylene Adipate-Co-Terephthalate) market held the largest market share, and the Indian Poly (Butylene Adipate-Co-Terephthalate) market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

**Figure 2: POLY (BUTYLENE ADIPATE-CO-TEREPHTHALATE) MARKET SHARE BY REGION 2022 (USD Billion)**

Source: Secondary Research, Primary Research, _Market Research Future_ Database and Analyst Review

The North America Poly (Butylene Adipate-Co-Terephthalate) Market is expected to register fastest growth from 2023 to 2032. The majority of consumption results from the region's residents' rigorous use of compost and rubbish bags made of PBAT. The end-use industries in the area are also actively adopting PBAT-based packing materials for their products. Due to growing public knowledge of biodegradable plastics, there is now a greater need for PBAT in both compostable and biodegradable packaging. Further, the U.S.

Poly (Butylene Adipate-Co-Terephthalate) market held the largest market share, and the Canada Poly (Butylene Adipate-Co-Terephthalate) market was the fastest growing market in the North America region.

Europe Poly (Butylene Adipate-Co-Terephthalate) market accounts for the significant market share, because consumers have more discretionary income, the food and beverage industry is expanding quickly, there is a growing consumer demand for biodegradable products, there is a developing market for high-quality packaged foods and food items, there is a growing trend toward compostable packaging, and there are strict regulatory regulations.

Future growth of the polybutylene adipate terephthalate market in Europe is anticipated to be fueled by additional factors like rising consumer demand for biodegradable products to lessen environmental impact and rising public and private sector efforts to promote biodegradable plastic to cut down on plastic production. Further, the German Poly (Butylene Adipate-Co-Terephthalate) market held the largest market share, and the U.K Poly (Butylene Adipate-Co-Terephthalate) market was the fastest growing market in the European region

## **Poly (Butylene Adipate-Co-Terephthalate) Key Market Players & Competitive Insights**

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Poly (Butylene Adipate-Co-Terephthalate) market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Poly (Butylene Adipate-Co-Terephthalate) industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Poly (Butylene Adipate-Co-Terephthalate) industry to benefit clients and increase the market sector. In recent years, the Poly (Butylene Adipate-Co-Terephthalate) industry has offered some of the most significant advantages to medicine. Major players in the Poly (Butylene Adipate-Co-Terephthalate) market, including 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, and Eastman Chemical Company, are attempting to increase market demand by investing in research and development operations.

Chemicals are produced by LG Chem Ltd., a division of LG Corp. Petrochemicals, IT and electrical materials, and energy solutions are all produced and sold by the corporation. Polyvinyl chloride (PVC), ethylene, propylene, butadiene, benzene, polarizers, glass substrates, semiconductor materials, and RO membranes are just a few of the products it offers. Additionally, it sells anti-diabetic medications, growth hormone, vaccines, and battery materials. It also produces and distributes display and battery materials for LCD photoresist, OLED materials, and other displays.

After working with a smaller local chemical firm to expand its presence in the eco-friendly product industry, LG Chem Ltd. revealed in September 2021 that the company is preparing to develop biodegradable polymers. According to the terms of the partnership agreement, LG Chem will produce polybutylene adipate-co-terephthalate (PBAT).

A producer of bioplastic raw materials, Novamont S.P.A. supplies products in Italy. The business combines chemistry and agriculture, turning on local bio-refineries and offering an environmentally friendly application, allowing customers to use resources effectively throughout their life cycles with positive social, economic, and environmental effects. A new grade of Mater-Bi that is biodegradable in industrial parts was introduced by Novamont S.P.A. in April 2020 for extrusion coating and lamination on paper board and other substrates.

## **Key Companies in the Poly (Butylene Adipate-Co-Terephthalate) market include**

## Poly (Butylene Adipate-Co-Terephthalate) Industry Developments

- **Q2 2024: BASF and Red Avenue New Materials Group open new PBAT plant in Shanghai** BASF and Red Avenue New Materials Group inaugurated a new polybutylene adipate-co-terephthalate (PBAT) production facility in Shanghai, China, aiming to meet growing demand for biodegradable plastics in the Asia-Pacific region.
- **Q1 2024: Novamont appoints new CEO to accelerate bioplastics expansion** Novamont, a leading producer of PBAT-based bioplastics, announced the appointment of a new CEO to drive its international growth strategy and strengthen its position in the biodegradable plastics market.
- **Q2 2024: SK Geo Centric and Kolon Industries sign PBAT supply agreement** SK Geo Centric and Kolon Industries entered into a long-term supply agreement for PBAT, supporting Kolon's expansion in sustainable packaging and agricultural films.
- **Q3 2024: Lotte Chemical announces $100 million investment in PBAT production** Lotte Chemical revealed plans to invest $100 million in expanding its PBAT manufacturing capacity in South Korea, targeting increased demand for compostable plastics in global markets.
- **Q2 2024: BASF launches new ecoflex PBAT grade for food packaging** BASF introduced a new grade of its ecoflex PBAT designed specifically for food packaging applications, offering improved mechanical properties and compostability.
- **Q1 2025: China’s Yifan New Material secures government approval for PBAT plant expansion** Yifan New Material received regulatory approval to double the capacity of its PBAT production facility in Jiangsu province, responding to surging domestic and export demand.
- **Q2 2025: TotalEnergies Corbion and NatureWorks announce PBAT technology partnership** TotalEnergies Corbion and NatureWorks formed a strategic partnership to co-develop advanced PBAT blends for use in flexible packaging and agricultural films.
- **Q3 2024: Indorama Ventures completes acquisition of PBAT assets from Chinese manufacturer** Indorama Ventures finalized the acquisition of PBAT production assets from a major Chinese manufacturer, expanding its footprint in the biodegradable plastics sector.
- **Q2 2024: BASF and Xinjiang Blue Ridge Tunhe sign PBAT joint venture agreement** BASF and Xinjiang Blue Ridge Tunhe entered into a joint venture to build a new PBAT plant in China, aiming to supply the growing market for compostable plastics.
- **Q1 2025: Kingfa Sci & Tech launches new PBAT-based mulch film for agriculture** Kingfa Sci & Tech introduced a new PBAT-based biodegradable mulch film targeting the agricultural sector, with improved performance and environmental benefits.
- **Q2 2025: LG Chem announces $200 million PBAT facility in Ulsan** LG Chem unveiled plans to construct a $200 million PBAT manufacturing facility in Ulsan, South Korea, to meet rising global demand for biodegradable plastics.
- **Q3 2025: Mitsubishi Chemical Group secures major PBAT supply contract with European retailer** Mitsubishi Chemical Group signed a multi-year contract to supply PBAT to a leading European retailer for use in private-label compostable packaging products.

## **Poly (Butylene Adipate-Co-Terephthalate) Market Segmentation**

### **Poly (Butylene Adipate-Co-Terephthalate) Application Outlook**

### **Poly (Butylene Adipate-Co-Terephthalate) End Use Outlook**

### **Poly (Butylene Adipate-Co-Terephthalate) Regional Outlook**

## Market Drivers

### Innovations in Material Science

Advancements in material science are significantly influencing the Poly (Butylene Adipate-Co-Terephthalate) Market. Researchers are continuously exploring new formulations and processing techniques that enhance the properties of Poly (Butylene Adipate-Co-Terephthalate), such as its mechanical strength and thermal stability. These innovations are likely to expand its applicability across various sectors, including automotive, electronics, and consumer goods. For instance, the development of blends that combine Poly (Butylene Adipate-Co-Terephthalate) with other polymers can lead to improved performance characteristics, making it a more viable option for manufacturers. The market for advanced materials is expected to reach USD 1 trillion by 2026, indicating a robust opportunity for Poly (Butylene Adipate-Co-Terephthalate) to play a pivotal role in this evolving landscape.

### Consumer Awareness and Education

The increasing awareness and education regarding environmental issues are driving the Poly (Butylene Adipate-Co-Terephthalate) Market. Consumers are becoming more informed about the impact of their choices on the environment, leading to a preference for products made from sustainable materials. This shift in consumer behavior is prompting manufacturers to incorporate Poly (Butylene Adipate-Co-Terephthalate) into their product lines to meet the demand for eco-friendly options. Surveys indicate that a significant percentage of consumers are willing to pay a premium for sustainable products, which could enhance the market position of Poly (Butylene Adipate-Co-Terephthalate). As awareness continues to grow, the market for sustainable materials is expected to expand, providing further opportunities for Poly (Butylene Adipate-Co-Terephthalate) to thrive in the competitive landscape.

### Expanding Applications in Packaging

The packaging sector is witnessing a notable shift towards sustainable materials, which is positively impacting the Poly (Butylene Adipate-Co-Terephthalate) Market. With the rise of e-commerce and the demand for eco-friendly packaging solutions, Poly (Butylene Adipate-Co-Terephthalate) is emerging as a preferred choice due to its biodegradability and versatility. Market analysis suggests that the sustainable packaging market is expected to reach USD 500 billion by 2027, with a significant portion attributed to biodegradable materials. This trend indicates a growing acceptance of Poly (Butylene Adipate-Co-Terephthalate) in various packaging applications, including food and beverage, cosmetics, and consumer goods. As companies strive to meet consumer expectations for sustainability, the demand for Poly (Butylene Adipate-Co-Terephthalate) is likely to increase, further propelling the market.

### Rising Demand for Biodegradable Plastics

The increasing consumer preference for environmentally friendly products is driving the Poly (Butylene Adipate-Co-Terephthalate) Market. As awareness of plastic pollution grows, manufacturers are seeking alternatives that offer biodegradability without compromising performance. Poly (Butylene Adipate-Co-Terephthalate) is recognized for its biodegradable properties, making it an attractive option for various applications, including packaging and textiles. Market data indicates that the biodegradable [plastics](https://www.marketresearchfuture.com/reports/plastics-market-8347) segment is projected to grow at a compound annual growth rate of over 20% in the coming years, highlighting the potential for Poly (Butylene Adipate-Co-Terephthalate) to capture a significant share of this expanding market. This trend suggests that companies investing in sustainable materials may gain a competitive edge, further propelling the growth of the Poly (Butylene Adipate-Co-Terephthalate) Market.

### Regulatory Support for Sustainable Materials

Government regulations promoting the use of sustainable materials are shaping the Poly (Butylene Adipate-Co-Terephthalate) Market. Many countries are implementing stricter regulations on plastic waste and encouraging the adoption of biodegradable alternatives. This regulatory environment is fostering innovation and investment in the development of sustainable materials, including Poly (Butylene Adipate-Co-Terephthalate). For example, initiatives aimed at reducing single-use plastics are likely to increase demand for biodegradable options, thereby enhancing the market potential for Poly (Butylene Adipate-Co-Terephthalate). As regulations evolve, companies that align their product offerings with these mandates may experience increased market share and consumer loyalty, further driving the growth of the Poly (Butylene Adipate-Co-Terephthalate) Market.

## Future Outlook

The Poly (Butylene Adipate-Co-Terephthalate) Market is projected to grow at a 7.89% CAGR from 2025 to 2035, driven by increasing demand for sustainable materials and advancements in production technologies.

**New opportunities:**

- Development of biodegradable packaging solutions for consumer goods. Investment in R&D for enhanced material properties and applications. Expansion into emerging markets with tailored product offerings.

By 2035, the market is expected to solidify its position as a leader in sustainable polymer solutions.

## Segment Insights

### By Application: Composite Bags (Largest) vs. Mulch Films (Fastest-Growing)

In the Poly (Butylene Adipate-Co-Terephthalate) Market, application segments are characterized by diverse functionalities, with 'Composite Bags' currently holding the largest share. This segment benefits from its robust structure, catering to various industrial and consumer needs. Meanwhile, 'Mulch Films' are rapidly gaining traction due to their eco-friendly properties, aligning with the increasing demand for sustainable agricultural practices.

Composite Bags (Dominant) vs. Mulch Films (Emerging)

Composite Bags play a crucial role in the Poly (Butylene Adipate-Co-Terephthalate) Market as a dominant segment, providing superior strength and versatility for [packaging](https://www.marketresearchfuture.com/reports/packaging-market-10902) various goods. Their demand is propelled by their multi-layered construction, which offers protection against moisture and UV radiation. On the other hand, Mulch Films are emerging as a significant segment, driven by the rise in organic farming and environmental awareness. These films not only assist in weed control but also improve soil moisture retention and temperature regulation, making them an attractive choice for farmers aiming for sustainable practices. This combination of environmental benefits and practical applications is fueling their rapid growth.

### By End Use: Packaging (Largest) vs. Agriculture & Fishery (Fastest-Growing)

In the Poly (Butylene Adipate-Co-Terephthalate) market, the packaging segment holds the largest share, driven by its increasing demand for sustainable and biodegradable materials. This segment benefits from broad applications ranging from consumer products to industrial uses, thus creating a robust market foundation. Conversely, sectors like agriculture and fishery, while smaller, are witnessing rapid growth as they adopt eco-friendly alternatives. These applications are becoming more prominent due to rising awareness of environmental issues and regulations favoring biodegradable materials.

Packaging: Dominant vs. Agriculture & Fishery: Emerging

The packaging segment of Poly (Butylene Adipate-Co-Terephthalate) is solidly established, leveraging the shift towards sustainable materials in diverse consumer goods. Its dominant market position stems from the material's superior properties, such as flexibility and durability, making it ideal for packaging solutions. In contrast, the agriculture and fishery segment presents itself as an emerging opportunity, with significant potential for growth. The increasing demand for biodegradable films and nets reflects a broader trend towards sustainable agriculture practices. This segment is fueled by innovations that enhance the material's water resistance and tensile strength, catering specifically to industry needs while supporting environmental sustainability.

## Regional Market Share Analysis

### North America : Innovation and Sustainability Focus

The North American Poly (Butylene Adipate-Co-Terephthalate) market is driven by increasing demand for sustainable materials and innovations in bioplastics. The region holds approximately 35% of the global market share, making it the largest market. Regulatory support for eco-friendly products and rising consumer awareness are significant growth catalysts. Companies are investing in R&D to enhance product performance and sustainability. The United States and Canada are the leading countries in this market, with major players like BASF SE and DuPont de Nemours Inc. dominating the landscape. The competitive environment is characterized by strategic partnerships and collaborations aimed at expanding product offerings. The presence of established chemical manufacturers further strengthens the market, ensuring a robust supply chain and innovation pipeline.

### Europe : Regulatory Support and Innovation

Europe is witnessing a significant rise in the Poly (Butylene Adipate-Co-Terephthalate) market, driven by stringent environmental regulations and a strong push for sustainable materials. The region accounts for about 30% of the global market share, making it the second-largest market. The European Union's Green Deal and various national initiatives are fostering innovation and adoption of bioplastics, enhancing market growth. Leading countries in this region include Germany, France, and the Netherlands, where companies like BASF SE and SABIC are key players. The competitive landscape is marked by a focus on sustainability and circular economy principles. Collaborations between manufacturers and research institutions are common, aimed at developing advanced materials that meet regulatory standards and consumer expectations.

### Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is emerging as a significant player in the Poly (Butylene Adipate-Co-Terephthalate) market, driven by rapid industrialization and increasing demand for eco-friendly materials. This region holds approximately 25% of the global market share. Countries like China and Japan are leading the charge, supported by government initiatives promoting sustainable practices and materials in manufacturing. China is the largest market in the region, with a growing number of local manufacturers entering the space. Key players such as Mitsubishi Chemical Corporation and LG Chem Ltd are expanding their operations to meet rising demand. The competitive landscape is evolving, with a focus on innovation and cost-effective production methods, positioning Asia-Pacific as a vital hub for future growth in the bioplastics sector.

### Middle East and Africa : Resource-Rich Opportunities

The Middle East and Africa region is gradually developing its Poly (Butylene Adipate-Co-Terephthalate) market, driven by increasing investments in the chemical sector and a growing focus on sustainability. This region currently holds about 10% of the global market share. The demand for bioplastics is rising, supported by government initiatives aimed at reducing plastic waste and promoting eco-friendly alternatives. Countries like South Africa and Saudi Arabia are at the forefront of this market, with key players such as SABIC and local manufacturers expanding their product lines. The competitive landscape is characterized by a mix of established companies and emerging players, all striving to capitalize on the growing demand for sustainable materials in various applications, including packaging and automotive.

## Competitive Benchmarking

The Poly (Butylene Adipate-Co-Terephthalate) Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for sustainable materials and innovative applications across various industries. Key players such as [BASF SE](https://www.basf.com/in/en/media/news-releases/asia-pacific/2024/06/p-24-212) (Germany), DuPont de Nemours Inc (US), and Mitsubishi Chemical Corporation (Japan) are strategically positioning themselves through a combination of technological advancements and regional expansions. BASF SE (Germany) has focused on enhancing its product portfolio with bio-based alternatives, while DuPont de Nemours Inc (US) emphasizes innovation in polymer applications. Mitsubishi Chemical Corporation (Japan) appears to be leveraging partnerships to strengthen its market presence, collectively shaping a competitive environment that prioritizes sustainability and innovation. In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The market structure is moderately fragmented, with several players vying for market share. This fragmentation allows for niche players to emerge, yet the collective influence of major companies like SABIC (Saudi Arabia) and Eastman Chemical Company (US) remains significant, as they drive technological advancements and set industry standards. In August 2025, BASF SE (Germany) announced a strategic partnership with a leading bioplastics firm to develop new sustainable materials derived from renewable resources. This collaboration is expected to enhance BASF's capabilities in producing eco-friendly alternatives, aligning with global sustainability goals and responding to consumer demand for greener products. The strategic importance of this partnership lies in its potential to position BASF as a leader in the sustainable materials sector, thereby enhancing its competitive edge. In September 2025, DuPont de Nemours Inc (US) launched a new line of Poly (Butylene Adipate-Co-Terephthalate) products specifically designed for the automotive industry. This move is indicative of DuPont's commitment to innovation and its focus on high-performance applications. By catering to the automotive sector, DuPont not only diversifies its product offerings but also taps into a lucrative market that increasingly prioritizes lightweight and durable materials, thus reinforcing its market position. In July 2025, Mitsubishi Chemical Corporation (Japan) expanded its production capacity for Poly (Butylene Adipate-Co-Terephthalate) in response to rising global demand. This expansion is crucial as it allows the company to meet the needs of various industries, including packaging and [textiles](https://www.marketresearchfuture.com/reports/textile-market-25424), while also enhancing its operational efficiency. The strategic importance of this capacity increase lies in its potential to solidify Mitsubishi's market share and improve its responsiveness to customer demands. As of October 2025, current competitive trends in the Poly (Butylene Adipate-Co-Terephthalate) Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence in production processes. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing supply chain reliability. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements and sustainable practices, suggesting that companies that prioritize innovation and reliability will be better positioned for success in this rapidly changing market.

## Recent News & Developments

- **Q2 2024: BASF and Red Avenue New Materials Group open new PBAT plant in Shanghai** BASF and Red Avenue New Materials Group inaugurated a new polybutylene adipate-co-terephthalate ([PBAT](https://www.marketresearchfuture.com/reports/pbat-market-25621)) production facility in Shanghai, China, aiming to meet growing demand for biodegradable plastics in the Asia-Pacific region.
- **Q1 2024: Novamont appoints new CEO to accelerate bioplastics expansion** Novamont, a leading producer of PBAT-based bioplastics, announced the appointment of a new CEO to drive its international growth strategy and strengthen its position in the biodegradable plastics market.
- **Q2 2024: SK Geo Centric and Kolon Industries sign PBAT supply agreement** SK Geo Centric and Kolon Industries entered into a long-term supply agreement for PBAT, supporting Kolon's expansion in sustainable packaging and agricultural films.
- **Q3 2024: Lotte Chemical announces $100 million investment in PBAT production** Lotte Chemical revealed plans to invest $100 million in expanding its PBAT manufacturing capacity in South Korea, targeting increased demand for compostable plastics in global markets.
- **Q2 2024: BASF launches new ecoflex PBAT grade for [food packaging](https://www.marketresearchfuture.com/reports/food-packaging-market-2086)** BASF introduced a new grade of its ecoflex PBAT designed specifically for food packaging applications, offering improved mechanical properties and compostability.
- **Q1 2025: China’s Yifan New Material secures government approval for PBAT plant expansion** Yifan New Material received regulatory approval to double the capacity of its PBAT production facility in Jiangsu province, responding to surging domestic and export demand.
- **Q2 2025: TotalEnergies Corbion and NatureWorks announce PBAT technology partnership** TotalEnergies Corbion and NatureWorks formed a strategic partnership to co-develop advanced PBAT blends for use in flexible packaging and agricultural films.
- **Q3 2024: Indorama Ventures completes acquisition of PBAT assets from Chinese manufacturer** Indorama Ventures finalized the acquisition of PBAT production assets from a major Chinese manufacturer, expanding its footprint in the biodegradable plastics sector.
- **Q2 2024: BASF and Xinjiang Blue Ridge Tunhe sign PBAT joint venture agreement** BASF and Xinjiang Blue Ridge Tunhe entered into a joint venture to build a new PBAT plant in China, aiming to supply the growing market for compostable plastics.
- **Q1 2025: Kingfa Sci & Tech launches new PBAT-based mulch film for agriculture** Kingfa Sci & Tech introduced a new PBAT-based biodegradable mulch film targeting the agricultural sector, with improved performance and environmental benefits.
- **Q2 2025: LG Chem announces $200 million PBAT facility in Ulsan** LG Chem unveiled plans to construct a $200 million PBAT manufacturing facility in Ulsan, South Korea, to meet rising global demand for biodegradable plastics.
- **Q3 2025: Mitsubishi Chemical Group secures major PBAT supply contract with European retailer** Mitsubishi Chemical Group signed a multi-year contract to supply PBAT to a leading European retailer for use in private-label compostable packaging products.

## Report Scope

| MARKET SIZE 2024 | 1.74(USD Billion) |
| --- | --- |
| MARKET SIZE 2025 | 1.877(USD Billion) |
| MARKET SIZE 2035 | 4.013(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.89% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | BASF SE (DE), DuPont de Nemours Inc (US), Mitsubishi Chemical Corporation (JP), Eastman Chemical Company (US), Kraton Corporation (US), LG Chem Ltd (KR), SABIC (SA), Teijin Limited (JP), Toray Industries Inc (JP) |
| Segments Covered | Application, End Use, Region |
| Key Market Opportunities | Growing demand for biodegradable materials enhances opportunities in the Poly (Butylene Adipate-Co-Terephthalate) Market. |
| Key Market Dynamics | Rising demand for sustainable materials drives innovation and competition in the Poly (Butylene Adipate-Co-Terephthalate) market. |
| Countries Covered | North America, Europe, APAC, South America, MEA |

## Frequently Asked Questions

**Q: What is the projected market valuation for Poly (Butylene Adipate-Co-Terephthalate) by 2035?**
A: The projected market valuation for Poly (Butylene Adipate-Co-Terephthalate) is expected to reach 4.013 USD Billion by 2035.

**Q: What was the market valuation for Poly (Butylene Adipate-Co-Terephthalate) in 2024?**
A: The overall market valuation for Poly (Butylene Adipate-Co-Terephthalate) was 1.74 USD Billion in 2024.

**Q: What is the expected CAGR for the Poly (Butylene Adipate-Co-Terephthalate) market during the forecast period?**
A: The expected CAGR for the Poly (Butylene Adipate-Co-Terephthalate) market during the forecast period 2025 - 2035 is 7.89%.

**Q: Which companies are considered key players in the Poly (Butylene Adipate-Co-Terephthalate) market?**
A: Key players in the market include BASF SE, DuPont de Nemours Inc, Mitsubishi Chemical Corporation, and Eastman Chemical Company.

**Q: What application segment is projected to have the highest valuation by 2035?**
A: The Composite Bags application segment is projected to reach a valuation of 1.2 USD Billion by 2035.

**Q: How much is the Consumer Goods segment expected to grow by 2035?**
A: The Consumer Goods segment is expected to grow to 1.4 USD Billion by 2035.

**Q: What is the projected valuation for the Agriculture & Fishery segment by 2035?**
A: The Agriculture & Fishery segment is projected to reach a valuation of 0.8 USD Billion by 2035.

**Q: What is the expected valuation for the Cling Films application segment by 2035?**
A: The Cling Films application segment is expected to reach a valuation of 0.5 USD Billion by 2035.

**Q: What is the anticipated growth for the Stabilizers segment by 2035?**
A: The Stabilizers segment is anticipated to grow to 0.63 USD Billion by 2035.

**Q: How does the market for Poly (Butylene Adipate-Co-Terephthalate) compare to other materials in terms of growth?**
A: The Poly (Butylene Adipate-Co-Terephthalate) market appears to show robust growth potential, with a projected CAGR of 7.89% from 2025 - 2035.


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