The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of PBAT. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of PBAT Market across various industries and regions.
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During the forecast period of 2020-2030, the global polybutylene adipate terephthalate (PBAT) market is expected to show remarkable sales prospects and expand at a CAGR close to 9%. This is due to its increased use across different end-user industries such as packaging, agriculture, medical research, and consumer goods.
As a result of tightening governmental regulations on the use of plastic and the urge to reduce reliance over fossil fuels, manufacturers across the globe are shifting their focus on the use of sustainable packaging for their products. Nowadays, many retail chains and brands are using biodegradable plastic made from PBAT to increase their brand awareness and distinguish themselves from their competitors.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of PBAT market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of PBAT
This newly published and insightful report sheds light on Market Insights of PBAT, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of PBAT Market. The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the market across the globe.
A comprehensive estimate has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of PBAT during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Key Market Segments Covered in Report
- By Application
- PBAT Compost & Garbage Bags
- PBAT Cling Films
- PBAT Mulch film
- PBAT Medical Accessories
- Others
- By End Use
- PBAT for Packaging
- PBAT for Agriculture & Horticulture
- PBAT for Consumer & Homecare
- PBAT for Coatings
- Others
- Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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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.
- The market in Europe is expected to progress at a CAGR of 9.5%, whereas, North America is projected to be valued around 4.0X times of Latin America, and is estimated to account for more than 25% share of the demand pie by the end of the forecast period.
“Integration of nanocomposites with improved mechanical properties and best standards will provide an opportunity for PBAT manufacturers over the coming years,” says a Fact.MR analyst.
Competition Landscape
Fact.MR has profiled the following prominent PBAT manufacturers in its report:
- 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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Key Question answered in the survey of PBAT market report:
- Sales and Demand of PBAT
- Growth of PBAT Market
- Market Analysis of PBAT
- Market Insights of PBAT
- Key Drivers Impacting the PBAT market
- Which are the Key drivers impacted by PBAT market
- Restraints Shaping Market Growth
- Market Survey of PBAT
More Valuable Insights on PBAT Market
Fact.MR, in its new report, offers an unbiased Market Analysis of PBAT, Sales and Demand of PBAT, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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