Increasing demand for the product from various industries such as coatings, consumer goods, packaging, etc. is a key factor driving market revenue growth.
Market Size - USD 421.6 Million in 2020, Market Growth - CAGR of 13.1%, Market Trends - increasing use of polybutyrate in the agricultural industry
The global polybutyrate market size is expected to reach USD 1,146.4 Million in 2028, and register a CAGR of 13.1% during the forecast period. Government initiatives and ban on non-degradable in various countries, rising awareness of increasing plastic landfills is resulting in shifting preference for biodegradable polymers (BP) such as polybutyrate. These are major factors supporting demand for the product, thereby, driving market growth.
Other major factors driving growth of the global polybutyrate market include growing consumption of the product in the packaging industry in order to comply with government regulations towards green environment. The packaging industry is booming due to rising per capita income, coupled with increasing consumption of packaged food, and high demand for processed food products. However, high cost of manufacturing polybutyrate could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global polybutyrate market is segmented on the basis of raw material, application, industry vertical, and region:
Raw Material Outlook
Application Outlook
Industry Vertical Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 421.6 Million in 2020, Market Growth - CAGR of 13.1%, Market Trends - increasing use of polybutyrate in the agricultural industry
The global polybutyrate market size is expected to reach USD 1,146.4 Million in 2028, and register a CAGR of 13.1% during the forecast period. Government initiatives and ban on non-degradable in various countries, rising awareness of increasing plastic landfills is resulting in shifting preference for biodegradable polymers (BP) such as polybutyrate. These are major factors supporting demand for the product, thereby, driving market growth.
Other major factors driving growth of the global polybutyrate market include growing consumption of the product in the packaging industry in order to comply with government regulations towards green environment. The packaging industry is booming due to rising per capita income, coupled with increasing consumption of packaged food, and high demand for processed food products. However, high cost of manufacturing polybutyrate could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the raw material segments, the 1, 4-butanediol segment is expected to register considerably high growth rate during the forecast period.
- Among the application segments, the mulch film segment accounted for the largest revenue share in 2020, due to increasing demand for mulch films over other options to modify soil temperatures, prevent loss of moisture, limit weed growth, and increase crop yield along with precocity is another factor driving revenue growth of the segment in the global market. Further advancements in technology is expected to create revenue opportunities for major players manufacturing mulch films.
- Among industrial vertical segments, the packaging segment accounted for major revenue share in 2020, due to growing demand for bio-degradable plastic products, such as polybutyrate-based packaging materials.
- Europe market accounted for the largest revenue share in 2020, and is expected to continue with its dominance during the forecast period. The Asia Pacific market is expected to register a robust revenue CAGR over the forecast period.
- Companies profiled in the market report include BASF SE, Lotte Fine Chemicals Co. Ltd., Nova SPA, Eastman Chemical Company, Far Eastern New Century Corporation, Biome Bioplastics, WILLEAP, Jiangsu Torise biomaterials Co. Ltd., Toray Industries, and Danimer Scientific. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global polybutyrate market is segmented on the basis of raw material, application, industry vertical, and region:
Raw Material Outlook
- 1,4-Butanediol
- Adipic Acid
- Terephthalic Acid
Application Outlook
- Composite Bags
- Cling Films
- Bin Bags
- Scrubs
- Mulch Films
- Others
Industry Vertical Outlook
- Packaging
- Agriculture
- Coatings
- Consumer Goods
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Polybutyrate Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Polybutyrate Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Polybutyrate Segmentation & Impact Analysis
Chapter 5. Polybutyrate Market By Raw Materials Insights & Trends
Chapter 6. Polybutyrate Market By Application Insights & Trends
Chapter 7. Polybutyrate Market By Industry Vertical Insights & Trends
Chapter 8. Polybutyrate Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- BASF SE
- Lotte Fine Chemicals Co. Ltd.
- Nova SPA
- Eastman Chemical Company
- Far Eastern New Century Corporation
- Biome Bioplastics
- WILLEAP
- Jiangsu Torise biomaterials Co. Ltd.
- Toray Industries
- Danimer Scientific
