Month: August 2025

DELRAY BEACH, Fla., Aug 8, 2025 /PRNewswire/ — The report “Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region – Global Forecast to 2030″, global PBAT market is expected to reach USD 2.76 billion by 2030 from USD 1.51 billion in 2025, at a CAGR of 12.8%.

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The growing need for biodegradable and compostable plastics in the consumer goods, packaging, and agricultural sectors is propelling the global market for PBAT. Because of its high elongation, flexibility, and compostability, PBAT is a popular substitute for conventional plastics. The adoption of PBAT is being accelerated by growing government regulations that forbid single-use plastics in areas like Europe, North America, and the Asia Pacific. Key growth drivers include laws requiring compostable packaging, policies encouraging extended producer responsibility (EPR), and goals to reduce plastic waste.

The market is expanding due to a combination of regulatory support, rising consumer awareness of sustainability, and demand for environmentally friendly packaging options. The material’s market appeal is increased by its suitability for industrial composting and compatibility with PLA and starch. To keep up with the growing demand, top manufacturers are increasing their production capacities, especially in China, South Korea, Germany, and the US. The market is also being driven by corporate commitments to sustainability, the development of composting infrastructure, and technological advancements. Nonetheless, issues like increased production costs and inadequate composting infrastructure in developing nations continue to exist. Strong environmental, regulatory, and consumer trends are expected to propel the growth of the global PBAT market.

Extrusion segment to record the highest CAGR in the PBAT market during the forecast period

The extrusion segment is expected to grow at the fastest rate during the forecast period, due to its wide range of applications and compatibility with biodegradable polymers. Extrusion is a vital process in several industries, including packaging, agriculture, and hygiene products, as it is commonly used to produce films, sheets, and agricultural mulch films. PBAT is particularly well-suited for extrusion-based applications due to its excellent processability, flexibility, and tear resistance, especially when combined with PLA or starch. The demand for PBAT-based extruded products is driven by the growing global emphasis on replacing single-use plastic films with compostable materials. This trend is particularly strong in Europe, North America, and the Asia Pacific regions, where regulations mandate the use of compostable materials for bags and packaging. Additionally, the rise of eco-conscious brands and retailers opting for sustainable packaging is fueling the demand for PBAT films in applications such as food packaging, shopping bags, and waste bags. To enhance film quality and production efficiency, manufacturers are increasingly investing in advanced extrusion lines specifically designed for biodegradable resins. The adoption of PBAT in the agricultural sector is also speeding up as more sustainable practices are embraced, such as the use of compostable mulch films. This segment is well-positioned to significantly contribute to the rapid growth of the PBAT market, supported by increasing end-user industries, stringent plastic regulations, and technological advancements in extrusion processing.

Films, sheets, & bin liners segment to account for the largest share of the PBAT market during the forecast period

Over the forecast period, the films, sheets, and bin liners segment is expected to hold the largest share in the global PBAT market. The widespread use of PBAT in consumer goods, packaging, and agriculture—where flexibility, durability, and compostability are essential—drives this dominance. PBAT is ideal for products such as shopping bags, trash bags, food packaging films, and agricultural mulch films due to its exceptional mechanical properties, including high elongation at break, tear resistance, and compatibility with other biodegradable polymers. Governments around the world, especially in Europe, North America, and the Asia Pacific region, have implemented bans on traditional plastic bags and mandated the use of biodegradable alternatives. This has led to an increased demand for PBAT films. Additionally, these films are favored for residential and commercial waste disposal applications because of their environmental benefits and ease of processing. In the agricultural industry, PBAT-based mulch films present a more sustainable alternative to conventional polyethylene films, as they can break down in soil without harming crops. The growing emphasis on packaging and sustainability trends, particularly in the food service and retail sectors, is further driving the demand for PBAT-based films and sheets. As a result, this segment represents the largest source of revenue within the overall PBAT market, reflecting its strong and diverse demand.

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North America to register the second-highest CAGR in terms of value and volume during the forecast period

Due to a strong regulatory push, increasing consumer awareness, and rising demand for sustainable packaging, North America is expected to register the second-highest CAGR in the global PBAT market during the forecast period. In response to growing concerns about plastic waste and environmental sustainability, the region—especially the US and Canada—is rapidly shifting toward compostable and biodegradable alternatives. Key factors for this shift include the implementation of state and local plastic bans, such as California’s SB 54 and Canada’s national single-use plastic ban, which are driving significant demand for PBAT-based applications. The demand for PBAT is further bolstered by the rise of environmentally friendly retail practices, the increasing use of biodegradable products in e-commerce and retail, and the growing adoption of sustainable foodservice packaging. Additionally, North America’s advanced waste management systems and rising investments in industrial composting infrastructure facilitate the implementation of PBAT in various industries, including waste bags, shopping bags, agricultural films, and food-contact materials.

Key Players

Prominent companies in this market include BASF SE (Germany), Chang Chun Group (China), Kingfa Sci. & Tech. Co., Ltd. (China), Novamont S.p.A. (Italy), GO YEN CHEMICAL INDUSTRIAL CO LTD (Taiwan), Anhui Jumei Biological Technology Co., Ltd. (China), Hangzhou Peijin Chemical Co., Ltd. (China), Jin Hui Zhao Long High Tech Co., Ltd. (China), T.EN Zimmer GmbH (Germany), Mitsui Plastics, Inc. (US), Zhejiang Baidigorei Biomaterials Co., Ltd. (China), Hengli Group Co., Ltd. (China), Junyuan Petroleum Group (China), Qingdao Zhoushi Plastic Packaging Co., Ltd. (China), Red Avenue New Materials Group Co., Ltd. (China), SGA POLYCHEM PVT LTD (India), Xinjiang Blue Ridge Tunhe Sci. & Tech. Co., Ltd. (China), Taprath Elastomers LLP (India), Easy Flux (India), Entec Polymers (US), Indocal (India), Yuvika Green Earth Solutions (India), Ningbo Changhong Polymer Scientific and Technical Inc. (China), Polyrocks Chemical Co., Ltd. (China), and Shandong Dawn Polymer Co., Ltd. (Dawn Group) (China).

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SHANGHAI, Aug. 8, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology, has been ranked 4th globally in Wood Mackenzie’s newly released 2024 Global Battery Energy Storage System (BESS) Integrator Rankings, confirming its position as one of the most competitive and trusted energy storage solution providers in the world. The company has also maintained its position as a Tier 1 global energy storage manufacturer by BloombergNEF for six consecutive quarters, reinforcing its consistent leadership in technology, delivery, and bankability.

According to Wood Mackenzie’s report, Envision Energy was one of the few players to expand its market share amid intensifying market competition and a rapidly shifting energy landscape. While the combined market share of the top five BESS integrators declined from 62% in 2022 to 48% in 2024, Envision’s continued growth reflects its ability to scale globally and deliver advanced, integrated storage systems tailored to diverse regional needs.

Recognition from both Wood Mackenzie and BloombergNEF reinforces Envision’s leadership in full-stack energy storage innovation – from battery cells to EMS and grid-forming systems. With a strong footprint across key markets including Europe, North America, and the Asia-Pacific region, Envision has delivered over 30 GWh of energy storage systems across over 300 projects worldwide, with more than 50 GWh in orders. Its advanced storage solutions are actively addressing real-world challenges such as frequency regulation, renewable integration, and black start capability, reinforcing its position as a comprehensive provider of next-generation energy storage infrastructure. 

Safety remains a top priority for the company. In July 2025, Envision successfully completed a 49-hour ultra-dense fire test on its smart energy storage system, the most demanding test of its kind globally. The system demonstrated outstanding resilience, achieving zero fire spread and setting a new benchmark for safety, scalability, and insurability in the global energy storage industry.

 

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SOURCE Envision Energy

Critical Appointment Strengthens Capability for Next Stages of Growth at Sivers

KISTA, Sweden, Aug. 8, 2025 /PRNewswire/ — Sivers Semiconductors AB (SIVE.ST), a global leader in photonics and wireless technologies, today announced the appointment of Heine Thorsgaard as its new CFO, effective September 1, 2025. In this role, Heine will be responsible for Global Finance, Investor Relations and IT operations.

Heine joins Sivers from Napatech, where he has been the CFO since 2018. Napatech sells high-speed, programmable network interface cards designed for real-time network performance management, cybersecurity, and data center .

“This appointment marks a significant milestone in the Company’s growth trajectory. Heine brings a tremendous amount of relevant experience for our future ambition, in the areas of strategic finance, operational excellence, M&A, Investor Relations, fund raising and financing. He has a proven track record as a phenomenal business partner, and I look forward to working with him to pursue our vision and accomplish our mission critical objectives at Sivers,” said Vickram Vathulya, CEO of Sivers semiconductors. “We thank Lottie Saks for all her efforts and contributions over the last five years, both on the Sivers Board and subsequently as our CFO. We wish her all the best as she continues to work on her portfolio of Non-Executive Board positions, as well as her next operational endeavor.”

“I am excited and honored to join Sivers Semiconductors during a pivotal, transformative stage in its growth journey,” said Heine Thorsgaard, incoming CFO of Sivers Semiconductors. “The company’s innovative technologies and increasing customer traction position it strongly for scalable and sustainable value creation. I look forward to making a meaningful impact by leveraging my experience to support strategic execution, drive future growth, and contribute to long-term success for our shareholders.”

Prior to his time at Napatech, Heine has had a very successful CFO and Financial Executive leadership tenure across the IT, Technology and Professional Services sectors, with strong exposure to Europe and the US, for over 15 years. Heine has a Phd and Masters degree in Finance from Copenhagen University and a Masters degree in International Business from Roskilde University.

Lottie Saks will ensure a smooth transition to the new CFO, during her transition period with Sivers.

About Sivers Semiconductors 

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com (SIVE.ST)

Media Contact   
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Company Contact
Vickram Vathulya
CEO
ir@sivers-semiconductors.com

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