ROCKVILLE, Nov. 10, 2022 (GLOBE NEWSWIRE) — Fact.MR has provided detailed information on the price points of the major manufacturers of PBAT in different regions, revenue growth, production capacity and speculative technological expansion in the recent report.
According to Fact.MR, a provider of market research and competition intelligence, the global PBAT market is estimated at $1.7 billion in 2022 and is expected to expand at a CAGR of 8.6% in the projected years 2022-2032.
In recent years, the concept of food quality and safety has fundamentally evolved on the consumer side. In general, awareness of the risks of waste disposal and the importance of biodegradable products has increased.
To solve this problem, OEMs and food manufacturers are developing biodegradable packaging solutions that have little or no impact on the environment. PBAT (polybutylene adipate terephthalate) is used extensively during the manufacture and packaging of such articles.
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The most common everyday products that use PBAT formulations are garbage bags, compost bags, cling film for packaging, and agricultural mulch film. PBAT-based packaging is increasingly being used by consumer goods and retail organizations (CPR).
Important insights from the market study
- The global PBAT market is estimated to grow at a CAGR of 8.6% in the forecast period 2022-2032
- cling film for…
