Top 10 Companies in the Bio-Based Polybutylene Succinate (PBS) Blown Film for Compostable Bags Market (2026): Market Leaders Powering Global Adoption

MARKET INSIGHTS

Global Bio-Based Polybutylene Succinate (PBS) Blown Film for Compostable Bags market size was valued at USD 187.4 million in 2025. The market is projected to grow from USD 204.6 million in 2026 to USD 498.3 million by 2034, exhibiting a CAGR of 10.4% during the forecast period.

Bio-based PBS blown film is a biodegradable and compostable thermoplastic material derived from renewable feedstocks such as succinic acid and 1,4-butanediol, synthesized through bio-fermentation processes. Used extensively in the production of compostable bags, this material offers a compelling combination of mechanical flexibility, moisture resistance, and certified industrial compostability, meeting international standards such as EN 13432 and ASTM D6400. Its film-blowing processability makes it well-suited for applications including grocery bags, produce bags, bin liners, and food waste collection sacks.

The market is gaining strong momentum driven by increasingly stringent global regulations on single-use plastics, rising consumer awareness around sustainable packaging, and expanding retail and municipal composting infrastructure. Furthermore, key industry players such as Mitsubishi Chemical Group, PTT MCC Biochem, and Novamont S.p.A. continue to invest in capacity expansions and bio-based feedstock innovations, reinforcing supply chain resilience and accelerating adoption across Europe, Asia-Pacific, and North America.

Bio-Based Polybutylene Succinate (PBS) Blown Film for Compostable Bags Market – View in Detailed Research Report

Top 10 Companies Driving Innovation in PBS Blown Film

10. Mitsubishi Chemical Group (BioPBS™)

Headquarters: Tokyo, Japan
Key Offering: BioPBS™ – a fully bio-based, compostable PBS resin used in blown film applications.

Mitsubishi Chemical Group has positioned itself as a global leader in bioplastics, with BioPBS™ achieving high mechanical performance and certified compostability under EN 13432 and ASTM D6400. The company’s extensive research and development pipeline focuses on optimizing polymerization processes to enhance film clarity and tensile strength.

Sustainability Initiatives:

• Investment in bio-fermentation infrastructure to secure succinic acid supply.
• Partnerships with film converters to accelerate adoption of certified compostable packaging.
• Commitment to achieve net-zero emissions in manufacturing by 2050.

9. BASF SE (Ecoflex® & Ecovio®)

Headquarters: Ludwigshafen, Germany
Key Offering: Ecoflex® – a PBAT-based biodegradable film, and Ecovio® – a compostable PBS blend.

BASF’s Ecoflex® and Ecovio® lines provide a versatile portfolio for retailers and foodservice operators seeking certified compostable solutions. The company’s global distribution network ensures rapid scaling of PBS-based products.

Sustainability Initiatives:

• Expansion of bio-based monomer sourcing from renewable feedstocks.
• Continuous improvement of energy efficiency across production facilities.
• Support for circular economy projects through research collaborations.

8. Resonac Holdings (formerly Showa Denko – Bionolle™)

Headquarters: Tokyo, Japan
Key Offering: Bionolle™ – a certified compostable PBS resin for blown film applications.

Resonac Holdings leverages its long-standing expertise in polymer chemistry to deliver high-performance PBS films that meet strict industrial compostability criteria. The company actively supports film converters with technical guidance and certification support.

Sustainability Initiatives:

• Implementation of closed-loop recycling for polymer waste.
• Collaboration with municipal authorities to promote compostable bag usage.
• Investment in renewable energy for manufacturing sites.

7. Novamont S.p.A. (Mater-Bi®)

Headquarters: San Donato Milanese, Italy
Key Offering: Mater-Bi® – a range of PBS-based compostable films and packaging solutions.

Novamont’s Mater-Bi® portfolio is widely adopted in Europe for grocery and produce bag applications. The company emphasizes high bio-content and rapid degradation rates in industrial composting environments.

Sustainability Initiatives:

• Partnerships with farmers to source sustainable feedstocks.
• Development of biodegradable packaging for food service chains.
• Transparency in carbon footprint reporting.

6. TotalEnergies Corbion (Luminy® PLA)

Headquarters: The Hague, Netherlands
Key Offering: Luminy® PLA – a high-performance PLA resin compatible with PBS blends for multilayer films.

TotalEnergies Corbion focuses on advanced polymer blends that combine the mechanical strength of PBS with the barrier properties of PLA, enabling higher-value packaging applications.

Sustainability Initiatives:

• Development of bio-based PLA from renewable sugarcane.
• Investment in composting infrastructure to support end-of-life pathways.
• Commitment to reduce plastic waste in supply chains.

5. Xinjiang Blue Ridge Tunhe Polyester Co., Ltd.

Headquarters: Urumqi, China
Key Offering: PBS Resin Production – large-scale manufacturing of bio-based PBS for film conversion.

The company has rapidly expanded its production capacity to meet growing demand in China and export markets. Its focus on cost competitiveness has driven the adoption of PBS in retail and foodservice sectors.

Sustainability Initiatives:

• Implementation of water recycling systems in production.
• Collaboration with local governments to promote compostable bag programs.
• Use of renewable electricity from hydropower sources.

4. Anqing Hexing Chemical Co., Ltd.

Headquarters: Anqing, China
Key Offering: PBS Resin Production – advanced bio-based PBS for blown film applications.

Anqing Hexing Chemical has positioned itself as a key supplier for the Chinese market, offering high-quality PBS with consistent molecular weight and excellent processability.

Sustainability Initiatives:

• Adoption of green chemistry principles in polymer synthesis.
• Support for municipal composting projects in regional cities.
• Investment in research for lower-energy polymerization processes.

3. Kingfa Science & Technology Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: PBS-Based Blown Films – high-performance, certified compostable films for packaging.

Kingfa’s focus on technical innovation has enabled the company to deliver films with superior moisture resistance and mechanical strength, suitable for grocery and produce applications.

Sustainability Initiatives:

• Partnership with universities for advanced polymer research.
• Implementation of zero-waste manufacturing processes.
• Promotion of eco-friendly packaging solutions in the Chinese market.

2. PTT MCC Biochem (PTT Public Company)

Headquarters: Bangkok, Thailand
Key Offering: BioPBS™ – bio-based PBS resin for compostable film applications.

PTT MCC Biochem has been a pioneer in producing bio-based PBS in Southeast Asia, focusing on cost competitiveness and supply chain stability for large retailers.

Sustainability Initiatives:

• Investment in renewable feedstock production from sugarcane.
• Collaboration with national waste management authorities to promote compostable packaging.
• Commitment to reduce carbon emissions across the production chain.

1. Sumitomo Chemical (PBS Resin Development)

Headquarters: Tokyo, Japan
Key Offering: Advanced PBS resin – research-focused development of high-performance, certified compostable films.

Sumitomo Chemical is actively developing next-generation PBS formulations that target improved barrier properties and lower processing temperatures, expanding the application scope.

Sustainability Initiatives:

• Investment in bio-based feedstock research and development.
• Collaboration with global sustainability initiatives to promote circular packaging.
• Transparent reporting of life-cycle environmental impacts.

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Outlook: Market Expansion Through Regulatory Momentum and Technological Advancements

Over the next decade, the PBS blown film market is poised to benefit from sustained regulatory pressure on single-use plastics and continuous improvements in bio-based feedstock economics. Key drivers include:

• Expansion of municipal organic waste collection programs across Europe and North America.
• Increased adoption of PBS blends with PLA and PBAT to enhance barrier properties.
• Growing demand from fast-moving consumer goods and retail chains for certified compostable packaging.

Future Trends Shaping the PBS Blown Film Landscape

Emerging trends that will influence market dynamics include:

• Advances in bio-fermentation technologies that reduce the cost of succinic acid production.
• Development of multi-layer PBS-based films with nano-clay reinforcement for improved heat resistance.
• Greater focus on home-compostable certifications (e.g., OK Compost, AS 5810) to capture consumer-driven demand.
• Integration of digital traceability solutions to enhance supply chain transparency and consumer confidence.