Polybutylene Succinate (PBS) Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2029


Global Polybutylene succinate (PBS) Market was valued at USD 71.23 billion in 2021 and is expected to reach USD 124.69 billion by 2029, registering a CAGR of 7.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments

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"Global Polybutylene Succinate (PBS) Market – Industry Trends and Forecast to 2029

Global Polybutylene Succinate (PBS) Market, By Product (Conventional Polybutylene Succinate (PBS), Bio-Based Polybutylene Succinate(PBS)), Process (Trans-Esterification, Direct Esterification), Application (Bags, Mulch Film, Packaging Film, Flushable Hygiene Products, Fishing Nets, Coffee Capsules, Wood Plastic Composites, Others), Usage (Single-Use, Reusable) , Packaging Layer (Primary Packaging, Secondary Packaging, Tertiary Packaging) , End-Use (Packaging, Agriculture, Textile, Consumer Goods, Electrical And Electronics, Automotive, Others) – Industry Trends and Forecast to 2029

Global Polybutylene succinate (PBS) Market was valued at USD 71.23 billion in 2021 and is expected to reach USD 124.69 billion by 2029, registering a CAGR of 7.25% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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The polybutylene succinate (PBS) is a thermoplastic polymer resin from the polyester family. PBS is a type of biodegradable aliphatic polyester with properties that are comparable to polypropylene. It is biodegradable or decompose polymer with a relatively high melting temperature, good toughness. It is a versatile semi-crystalline polymer with a semi-crystalline structure.

**Segments**

- *By Application:* The PBS market can be segmented based on its applications into packaging, textiles, automotive, agriculture, and others. Packaging is expected to be a significant segment due to the increasing demand for sustainable and biodegradable packaging materials across various industries. Textiles are also likely to witness growth as consumers are becoming more conscious about eco-friendly fabrics.

- *By End-Use Industry:* The end-use industries of PBS include food packaging, consumer goods, automotive, agriculture, and others. Food packaging is a prominent segment due to the stringent regulations regarding single-use plastics and the shift towards biodegradable alternatives. The automotive industry is also adopting PBS for various interior and exterior applications to reduce the environmental impact of vehicles.

- *By Region:* Geographically, the PBS market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Europe is expected to dominate the market due to stringent regulations promoting the use of biodegradable materials. Asia Pacific is anticipated to witness significant growth driven by the growing awareness of environmental issues and the increasing adoption of sustainable alternatives.

**Market Players**

- *BASF SE:* A prominent player in the PBS market, BASF SE offers a range of sustainable solutions, including PBS, to cater to the increasing demand for biodegradable materials in various industries.

- *Corbion:* Corbion is another key player known for its innovative bioplastics, including PBS, that are in line with the growing trend towards sustainable and eco-friendly products.

- *Mitsubishi Chemical Corporation:* Mitsubishi Chemical Corporation is a leading manufacturer of PBS, offering high-quality materials for packaging, textiles, and other applications, contributing to the market's growth.

- *Perstorp Holding AB:* Perstorp Holding AB specializes in sustainable chemical solutions, including PBS, and plays a crucial role in driving the adoption of biodegradable materials in different sectors.

The Polybutylene Succinate (PBS) market is witnessing significant growth dueThe Polybutylene Succinate (PBS) market is experiencing robust growth driven by the increasing demand for sustainable and biodegradable materials across various industries. The segmentation of the market by application highlights key areas where PBS is making significant strides. The packaging segment stands out as a major contributor to market growth, fueled by the rising need for eco-friendly packaging solutions in response to stringent regulations and consumer preferences for sustainable products. The textiles segment is also witnessing growth as consumers become more conscious of the environmental impact of fabrics, driving the adoption of PBS in the textile industry.

Furthermore, the segmentation of the PBS market by end-use industry sheds light on the diverse applications of PBS across different sectors. The food packaging industry emerges as a prominent player in the market, driven by regulations aimed at reducing single-use plastics and increasing demand for biodegradable packaging solutions. Additionally, the automotive industry is embracing PBS for various applications to minimize the environmental footprint of vehicles, signaling a shift towards sustainability in the transportation sector.

From a regional perspective, Europe leads the PBS market, primarily due to stringent regulations favoring the use of biodegradable materials and promoting sustainability. The Asia Pacific region is also positioned for significant growth, fueled by the escalating awareness of environmental issues and the increasing adoption of sustainable alternatives across industries. Latin America, North America, and the Middle East Africa regions also present opportunities for market expansion, driven by evolving consumer preferences and regulatory frameworks promoting the adoption of eco-friendly materials.

Among the key market players in the PBS industry, BASF SE, Corbion, Mitsubishi Chemical Corporation, and Perstorp Holding AB stand out for their contributions to driving the adoption of sustainable materials. BASF SE offers a wide range of sustainable solutions, including PBS, to meet the growing demand for biodegradable materials. Corbion is recognized for its innovative bioplastics, including PBS, aligning with the global trend towards eco-friendly products. Mitsubishi Chemical Corporation's high-quality PBS materials cater to various applications, further propelling the market**Segments**

- *By Application:* The PBS market can be segmented based on its applications into packaging, textiles, automotive, agriculture, and others. Packaging is expected to be a significant segment due to the increasing demand for sustainable and biodegradable packaging materials across various industries. Textiles are also likely to witness growth as consumers are becoming more conscious about eco-friendly fabrics.

- *By End-Use Industry:* The end-use industries of PBS include food packaging, consumer goods, automotive, agriculture, and others. Food packaging is a prominent segment due to the stringent regulations regarding single-use plastics and the shift towards biodegradable alternatives. The automotive industry is also adopting PBS for various interior and exterior applications to reduce the environmental impact of vehicles.

- *By Region:* Geographically, the PBS market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Europe is expected to dominate the market due to stringent regulations promoting the use of biodegradable materials. Asia Pacific is anticipated to witness significant growth driven by the growing awareness of environmental issues and the increasing adoption of sustainable alternatives.

**Market Players**

- *BASF SE:* A prominent player in the PBS market, BASF SE offers a range of sustainable solutions, including PBS, to cater to the increasing demand for biodegradable materials in various industries.

- *Corbion:* Corbion is another key player known for its innovative bioplastics, including PBS, that are in line with the growing

 

Core Objective of Polybutylene Succinate (PBS) Market:

Every firm in the Polybutylene Succinate (PBS) Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

  • Size of the Polybutylene Succinate (PBS) Market and growth rate factors.
  • Important changes in the future Polybutylene Succinate (PBS) Market.
  • Top worldwide competitors of the Market.
  • Scope and product outlook of Polybutylene Succinate (PBS) Market.
  • Developing regions with potential growth in the future.
  • Tough Challenges and risk faced in Market.
  • Global Polybutylene Succinate (PBS)-top manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Polybutylene Succinate (PBS) Market

Chapter 3: Regional analysis of the Global Polybutylene Succinate (PBS) Market industry

Chapter 4: Polybutylene Succinate (PBS) Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

How the Report Aids Your Business Discretion?

  • This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
  • The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
  • A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
  • New player entry analysis and their scope of new business models
  • The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
  • A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
  • A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
  • Details on market estimations, market size, dimensions
  • A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

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