Innovations in bio-based feedstock sourcing are increasing the availability of PBS films. As such, the Polybutylene Succinate (PBS)Film Market size is set to proliferate at 8.30% CAGR till 2034.
The market is predicted to jump from its present valuation of USD 127.85 million in 2024 to USD 283.80 million by 2034. The noticeable rise in sustainable practices bolsters the growth trajectory.
| Attributes | Details |
|---|---|
| Market Size, 2023 | USD 118.16 million |
| Market Size, 2024 | USD 127.85 million |
| Market Size, 2034 | USD 238.80 million |
| Value CAGR (2024 to 2034) | 8.30% |
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Bio-based Feedstock Innovations Aid Market Expansion
Making biodegradable plastics (like PBS) requires various raw materials. It's imperative for manufacturers that these materials are available at all times. Businesses are finding new ways to get these materials from things like leftover plants after farming, algae, and trash.
This helps businesses because they won't have to rely so much on oil while also helping them become eco-friendlier. By finding better ways to get these materials, businesses are making sure there's always enough for making biodegradable plastics. This is good for the environment and helps the market for these films grow.
Applications are Evolving Beyond Traditional Packaging
Polybutylene succinate films have functionalities other than just packaging. They're used in farming to cover the soil, protect plants, and keep things stable, instead of regular plastic.
In hospitals, they're used for things like wrapping medical products and bandages because they're safe for bodies and break down over time. Consumers also use them for labels and wrapping stuff. Because these films can be used in so many different ways, the demand for them is growing.
Mounting Focus on Sustainability is Imperative for Growth
More individuals, governments, and businesses are focusing on helping the environment. So, they are looking for ways to use less harmful stuff, like plastic. Polybutylene succinate films are one option because they are derived from natural sources and break down over time.
As more people want to be eco-friendly, they're choosing polybutylene succinate films instead of regular plastic. This surge in demand for PBS films pushes companies to come up with even better ways to make packaging that's beneficial for the environment.
Principal Consultant
| Segment | Biobased PBS (Type) |
|---|---|
| Value Share (2024) | 80% |
Biobased versions of the film are expected to hold the top PBS film market share in 2024. Governments are helping by making rules and giving rewards for using eco-friendly materials like polybutylene succinate films. People are also leaning toward products that won't harm the planet.
As technology gets better, biobased PBS films are getting cheaper and work just as well as regular plastic. Plus, using plants instead of oil means eases the process of raw material procurement. Thus, businesses prefer biobased polybutylene succinate films and it holds the top share in the market.
| Segment | Food Packaging (Application) |
|---|---|
| Value Share (2024) | 34% |
The food packaging application is slated to capture the top market share in 2024. PBS films are preferred for packaging food because they keep it safe and fresh. Businesses follow strict rules to make sure they are safe to be used in packaging food.
They are also good for the environment because they break down over time. Plus, they are easy to open and look nice, which makes users content. These factors explain why they are the top choice in the food packaging industry.
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| Countries | Value CAGR (2024 to 2034) |
|---|---|
| United States | 7.70% |
| Germany | 7.40% |
| Japan | 7.60% |
| India | 8.80% |
| Thailand | 7.30% |
Demand for PBS films in the United States is anticipated to rise at 7.70% CAGR till 2034. In the United States, businesses want to make sure they can get the stuff they need without relying too much on other countries. So, they are using these films that are made domestically instead of importing plastic.
The government gives them perks and support to do this, making it easier for them to invest in eco-friendly technology. Big companies are also trying to be more environmentally friendly, and these films help them do that.
As more places focus on recycling and reducing waste, there's a growing demand for PBS films because they break down naturally. By following these trends, companies can grow and stay ahead in the polybutylene succinate film industry.
The sales of PBS films in Germany are suggested to surge at 7.40% CAGR until 2034. In Germany, there are strict rules to protect the environment. This encourages companies to use eco-friendly packaging like polybutylene succinate films. They also work with researchers to make better products.
German consumers care about the environment, so they like packaging that's good for the planet. Germany is good at recycling too, so companies can make sure these films are disposed of properly. These factors propel the market in Germany.
The PBS film market growth in Japan is estimated at 7.60% CAGR through 2034. In Japan, the government wants to recycle more and reduce waste, so they're promoting things like polybutylene succinate films. Companies that use these films can get help from the government.
Japan is also good at making new technology, so companies work with scientists to make better polybutylene succinate films. Customers in Japan like things that are good quality and new, so these films fit well with what they want.
Working with stores and big brands helps companies sell more. Also, because consumers in Japan want to use less plastic, there is a high demand for PBS films. This helps the market for these films grow even more.
The demand for PBS films in India is slated to surge at 8.80% CAGR till 2034. In India, more people are living in cities, and there is a lot more population overall. This means there is a bigger demand for things like packaged food and household products. These films are good for wrapping these things because they're versatile and fit what consumers need.
The government also encourages companies to use eco-friendly materials like these films, which helps them grow. Polybutylene succinate films are also useful in farming. By working with local partners, companies can make sure they sell more and help the environment too.
The sale of PBS films in Thailand are in line to increase at 7.30% CAGR till 2034. In Thailand, the government supports industries that use natural materials, like PBS films. Thailand has lots of farms and leftover plant stuff that can be used to make these films.
This makes it easier for companies to make these films and sell them in Thailand. Thailand also sells things to other countries, so companies can sell these films to places that want eco-friendly packaging. By working with local partners, companies can sell more and gain dominance in the country’s market.
The polybutylene succinate (PBS) film market is dominated by established manufacturers such as BASF SE and Mitsubishi Chemical Corporation. These titans benefit from their worldwide presence and research and development capabilities.
Emerging enterprises such as Biome Bioplastics Ltd. provide specialized solutions, while regional players such as Kingfa Science & Technology (India) Limited meet local needs. Regulatory compliance, sustainability, and technology improvements fuel competitiveness, with businesses concentrating on innovation and customer-centric strategies to maintain market share in this ever-changing landscape.
Recent Development
The PBS film industry is put forth to be valued at USD 127.85 million in 2024.
The market size is estimated to increase at 8.30% CAGR through 2034.
The market is expected to be worth USD 283.80 million by 2034.
Biobased PBS is highly preferred in the market.
The market in India is predicted to expand at 8.80% CAGR through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Biodegradable Film 5.2. Thin Film 5.3. Barrier Film 5.4. Compostable Films 5.5. Adhesive Films 5.6. Specialty Films 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Food & Beverages 6.2. Automotive 6.3. Agriculture 6.4. Consumer Goods 6.5. Medical 6.6. Textile 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 7.1. 0-50 Micrometres 7.2. 51-150 Micrometres 7.3. Above 150 Micrometres 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Mitsubishi Chemical Corporation 18.2. NatureWorks LLC 18.3. Tianan New Materials Co. Ltd. 18.4. SK Chemical 18.5. Bioterm 18.6. Biocycle Pvt. Ltd. 18.7. Polymateria 18.8. Pekin Chemical 18.9. Roquette 19. Assumptions & Acronyms Used 20. Research Methodology
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PBS Film Market
