Packaging Segment is Expected to  Hold Dominance in Polybutylene Adipate Terephthalate (PBAT) Market Growth

Key Takeaways from Market Study

– The global market is projected to create an absolute $ opportunity of more than US$ 1.6 Bn, and is anticipated to surpass a valuation of US$ 3.2 Bn by the end of forecast period (2020 to 2030).

– By application, cling films are set to hold a share-wide market dominance with over 70% of the total market value by the end of forecast period.

– Packaging industry, as end-use segment, is poised to expand at CAGR of around 9%, gaining 130 BPS over the next ten years.

Key Market Segments Covered in Report

By Application – PBAT Compost & Garbage    Bags – PBAT Cling Films – PBAT Mulch film – PBAT Medical Accessories

By End Use – PBAT for Packaging – PBAT for Agriculture & Horticulture – PBAT for Consumer & Homecare – PBAT for Coatings

Key Companies Profiled

– BASF SE – Novamont S.p.A. – JinHui ZhaoLong High Technology Co., Ltd. – Eastman Chemical Company – SK Chemicals – Far Eastern New Century Corporation – Lotte Fine Chemical Co., Ltd. – WILLEAP – Jiangsu Torise biomaterials co., Ltd.

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