GLOBAL PBAT PACKAGING MARKET 

INTRODUCTION

 PBAT packaging (Polybutylene Adipate Terephthalate) is a type of biodegradable plastic used in a variety of packaging applications. It is a biodegradable polymer made from renewable resources like corn starch, making it a more environmentally friendly alternative to traditional petroleum-based plastics.

In recent years, PBAT has gained popularity due to its ability to decompose in natural environments such as soil and water without leaving harmful residues. PBAT packaging has a wide range of applications, including food packaging, cosmetic packaging, and agricultural packaging.

It has properties similar to traditional plastic, such as durability, flexibility, and barrier protection, but it also has the added benefit of being biodegradable.

GLOBAL PBAT PACKAGING MARKET; SIZE AND FORECAST

The Global PBAT Packaging Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Following India's ban on single-use plastic (SUP), Reliance Industries Ltd (RIL), an Indian multinational conglomerate, has developed a bio-degradable and compostable polymer, Polybutylene Adipate Terephthalate (PBAT), to replace fossil fuel-based raw materials with a sustainable substitute.

RIL is currently producing PBAT on a pilot basis for a niche application and plans to commercialize it soon. The development of PBAT has received scant funding. According to a company official, its capacity can be increased without significant new investment.

"The pilot project is expected to be completed soon." Following that, commercial PBAT sales would begin. "PBAT capacity can be expanded at any time based on actual demand from user industries," said the official.

According to RIL, these net bags are ideal for leafy vegetables because they keep them fresher for longer. This advancement is significant in light of the replacement of SUP with environmentally friendly materials.

Furthermore, the R&D team is developing different net bag variants for different weight-carrying capacities in order to target applications other than the F&V sector.

COMPANY PROFILE

• Reliance
• BASF SE
• SK Chemical Company
• WILLEAP
• Novamont S.p.a
• Eastman Chemical Company
• Lotte Fine Chemical Co., Ltd.
• Jiangsu Torise Biomaterials Co., Ltd.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many PBAT Packaging are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global PBAT Packaging and key vendor selection criteria
3. Where is the PBAT Packaging manufactured? What is the average margin per unit?
4. Market share of Global PBAT Packaging market manufacturers and their upcoming products
5. The cost advantage for OEMs who manufacture Global PBAT Packaging in-house
6. key predictions for the next 5 years in the Global PBAT Packaging market
7. Average B-2-B PBAT Packaging market price in all segments
8. Latest trends in the PBAT Packaging market, by every market segment
9. The market size (both volume and value) of the PBAT Packaging market in 2023-2030 and every year in between?
10. Production breakup of the PBAT Packaging market, by suppliers and their OEM relationship