Market Overview:

The global Polybutylene Succinate (PBS) Market is projected to reach $155.7 million by 2030, growing at a robust CAGR of 9% during the forecast period from 2024 to 2030. Polybutylene succinate, a polyester-family thermoplastic polymer, is known for its biodegradability, thermal resistance, and compatibility with fiber resins, making it an attractive alternative for various industries such as packaging, agriculture, automotive, and textiles. Key growth drivers include the rising demand for biodegradable polymers, increasing investments in sustainable packaging, and government initiatives supporting agricultural advancements.

APAC Dominates the Market

The Asia-Pacific region dominates the market, accounting for the largest share in 2023, driven by a booming agricultural sector and increasing demand for sustainable packaging solutions in countries like China, Japan, and India. Government investments in food safety and agricultural sustainability further propel the adoption of PBS in applications such as mulch films and packaging materials.

Impact of Environmental Regulations

As environmental concerns and regulations surrounding plastic waste grow, industries worldwide are seeking eco-friendly alternatives. PBS, with its biodegradability and versatile applications, is experiencing heightened demand in sectors like food packaging and textiles. With consumer preferences shifting towards sustainable products, companies are increasingly incorporating bio-based polybutylene succinate into their manufacturing processes.

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Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

9%

Market Size in 2030

$155.7 million

Segments Covered

By Type, By Process, By Plastic Process, By Application, By End-Use Industry, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

             1.PTT MCC Biochem Co., Ltd.

             2. Reverdia

             3. Anhui Sealong Biotechnology Co.,  Ltd.

             4. Vizag Chemicals

             5. Shangdong Life Chemical Co., Ltd.

             6. Chang Chun Group

             7. Hengli Group

             8. Mitsubishi Chemical Corporation

             9. Omnexus

            10. Hangzhou Peijin Chemical Co., Ltd.


Recent Developments:

  •  Eastman Chemical Company is enhancing its bio-based PBS product line, focusing on sustainable packaging solutions for the food and beverage industry.
  •  Succinity GmbH has announced plans to expand its production capacity, aiming to cater to the rising demand for biodegradable polymers in the automotive and packaging sectors.

Polybutylene Succinate Market: Competitive Landscape

The Polybutylene Succinate market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: Reverdia, Anhui Sealong Biotechnology Co., Ltd., Vizag Chemicals, Shangdong Life Chemical Co., Ltd., Chang Chun Group, Hengli Group, Mitsubishi Chemical Corporation, Omnexus, Hangzhou Peijin Chemical Co., Ltd. 

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