The Global Polybutylene Adipate Terephthalate (PBAT) Market was valued at USD 1.05 Billion in 2024 and is projected to reach USD 2.75 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period (2024–2032). This growth is being driven by stringent global plastic ban regulations, increasing consumer preference for sustainable materials, and the accelerating adoption of Bio-based PBAT Formulations solutions across packaging, agriculture, and consumer goods sectors.
As the global plastics industry transitions toward circular economy principles and sustainable materials, the spotlight is on the key polymer producers who are driving innovation, biodegradability, and cleaner production pathways. In this blog, we profile the Top 10 Companies in the PBAT Market—a mix of chemical majors, bioplastics specialists, and sustainability pioneers shaping the future of biodegradable polymers.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Certified compostable bioplastics, PBAT resins like ecoflex® F Blend, and customized PBAT-PLA compounds
BASF is a global leader in the PBAT market, offering a comprehensive portfolio of biodegradable polymers under its ecoflex® brand. Their materials division serves packaging converters, film manufacturers, and agricultural product suppliers, with significant investments in bio-based feedstock development and advanced polymerization technologies.
Sustainability Initiatives:
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Investment in bio-based adipic acid production
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Development of high-performance PBAT blends for flexible packaging
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Commitment to achieving carbon-neutral production by 2050
Download FREE Sample Report: Polybutylene Adipate Terephthalate (PBAT) Market – View in Detailed Research Report
9️⃣ 2. Novamont S.p.A.
Headquarters: Novara, Italy
Key Offering: Mater-Bi® bioplastics incorporating PBAT, soil-biodegradable mulch films, and compostable bags
Novamont operates as a pioneer in the bioplastics sector, developing innovative PBAT-based materials for applications across Europe and international markets. It is a significant player in closed-loop systems and integrated biorefineries for biopolymer production.
Sustainability Initiatives:
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Integration of PBAT with starch and other biopolymers
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Collaboration with waste management systems to ensure proper compostability
8️⃣ 3. Kingfa Sci. & Tech. Co., Ltd.
Headquarters: Guangzhou, China
Key Offering: PBAT compounds, fully biodegradable resins, and modified PBAT grades
Kingfa’s PBAT division is expanding its production footprint with significant capacity additions through its established petrochemical infrastructure. It is also engaged in advanced compounding technologies to support performance enhancement in flexible packaging.
Sustainability Initiatives:
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Massive capacity expansion projects underway in China
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Strategic partnerships with global brand owners for sustainable packaging solutions
7️⃣ 4. LOTTE Fine Chemical
Headquarters: Seoul, South Korea
Key Offering: LOTTE ECO PBAT, custom biodegradable compounds, and film-grade resins
LOTTE Fine Chemical is one of Asia’s leading PBAT suppliers, serving both domestic and export markets across packaging and agricultural sectors. The company is heavily invested in PBAT, particularly through reactive extrusion and other advanced polymerization processes.
Sustainability Initiatives:
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Investment in new PBAT production lines
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Focus on high-clarity PBAT grades for premium packaging applications
Download FREE Sample Report: Polybutylene Adipate Terephthalate (PBAT) Market – View in Detailed Research Report
6️⃣ 5. Xinjiang Blue Ridge Tunhe Chemical Industry Co., Ltd.
Headquarters: Xinjiang, China
Key Offering: PBAT resins, biodegradable masterbatches, and compostable polymer blends
Xinjiang Blue Ridge operates one of China’s largest PBAT production facilities, leveraging its location in a major petrochemical hub.
Sustainability Initiatives:
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Leveraging integrated PTA (Purified Terephthalic Acid) production for feedstock security.
Sustainability Initiatives:
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Production capacity expansion to 300,000 tons/year by 2026
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Focus on cost-competitive PBAT production for mass-market applications
5️⃣ 6. Jin Hui Zhao Long High Technology Co., Ltd.
Headquarters: Shandong, China
Key Offering: PBAT for shopping bags, food packaging films, and agricultural mulch filmsJin Hui Zhao Long is a key Chinese player in PBAT manufacturing, focusing on export-oriented production and domestic market needs.
Sustainability Initiatives:
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Vertical integration into adipic acid production
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Strategic focus on international certification compliance (EN 13432, ASTM D6400)
4️⃣ 7. Willowridge Plastics Inc.
Headquarters: Toronto, Canada
Key Offering: Custom PBAT formulations, film extrusion grades, and compostable polymer compoundsThe company specializes in developing customized PBAT solutions for North American and European markets, with a focus on performance and compostability certification.
Sustainability Initiatives:
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Development of high-melt-strength PBAT for blown film applications
Sustainability Initiatives:
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Partnerships with brand owners for sustainable packaging initiatives
3️⃣ 8. BioBag International AS
Headquarters: Askim, Norway
Key Offering: Certified compostable bags and films based on PBATBioBag International focuses on producing finished PBAT products, particularly compostable bags for organic waste collection and retail applications.
Sustainability Initiatives:
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Focus on complete biodegradable product solutions
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Certification according to European and international standards for compostability
2️⃣ 9. Plantic Technologies Ltd.
Headquarters: Melbourne, Australia
Key Offering: PBAT-based packaging materials, biodegradable films, and rigid packaging solutionsThe company develops innovative PBAT blends with enhanced barrier properties for food packaging applications.
Sustainability Initiatives:
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Development of PBAT-starch composites for improved sustainability profile
Sustainability Initiatives:
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Research into PBAT-based materials with improved mechanical properties for durable applications
1️⃣ 10. FKuR Kunststoff GmbH
Headquarters: Willich, Germany
Key Offering: Bioplastics based on PBAT, customized compounds, and technical support servicesFKuR specializes in developing and marketing biodegradable plastics, including PBAT-based compounds under the Bio-Flex® brand.
Sustainability Initiatives:
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Focus on European market compliance and certification
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Development of specialized PBAT grades for various processing methods and end-use requirements
Get Full Report Here: Polybutylene Adipate Terephthalate (PBAT) Market – View in Detailed Research Report
🌍 Outlook: The Future of PBAT Is Sustainable and Scalable
The PBAT market is undergoing a transformative shift. While conventional plastics still dominate in volume, the industry is investing significantly in bio-based alternatives, advanced compounding technologies, and global distribution networks.
📈 Key Trends Shaping the Market:
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Massive capacity expansion in China and Southeast Asia
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Regulatory push for biodegradable packaging mandates by 2030
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Digitalization of supply chains and sustainability tracking
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Strategic alliances between polymer producers and packaging converters for market development
Download FREE Sample Report: Polybutylene Adipate Terephthalate (PBAT) Market – View in Detailed Research Report
The companies listed above are not only manufacturing biodegradable polymers—they’re spearheading the green materials revolution across global industries.
Get Full Report Here: Polybutylene Adipate Terephthalate (PBAT) Market – View in Detailed Research Report
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