Europe Bio-Degradable Plastic Market

Market Overview:

The Europe bio-degradable plastic market size is expected to exhibit a growth rate (CAGR) of 10.8% during 2024-2032.

Bio-degradable plastics, also referred to as bioplastics, are designed to be decomposed upon exposure to microorganisms into water, carbon dioxide, and biomass under specific conditions. They are primarily produced by using all-natural plant- or animal-based raw materials, such as orange peels, corn oil, switchgrass, soybeans, starch, etc. Various types of bio-degradable plastics include Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), etc. These products help in reducing carbon dioxide emissions, lowering manufacturing costs, and minimizing the amount of waste produced. As a result, bio-degradable plastics are widely used across various industries, such as food and beverages, pharmaceuticals, personal & home care, consumer goods, textile, etc.

Europe Bio-degradable Plastic Market Trends:

Increasing consumer concerns towards the negative impact of synthetic plastics on the environment are primarily driving the Europe bio-degradable plastics market. Additionally, the changing preferences from single-use plastic towards recyclable and eco-friendly packaging materials to reduce carbon footprints are also proliferating the product demand. In line with this, the expanding foodservice sector coupled with the continuous replacement of conventional plastics with bio-degradable boxes, cups, plates, etc., is further augmenting the market growth in Europe. Moreover, the emergence of the e-commerce industry has also led to the increasing adoption of bioplastic packaging solutions to support ecological sustainability and reduce landfills. Apart from this, the growing consumer inclination towards lightweight automotive components to enhance fuel efficiency and minimize vehicular emissions is further bolstering the use of bioplastics in the automobile sector. Additionally, the implementation of stringent regulations by the European Commission for banning single-use plastics is promoting the dependence on bio-degradable plastics. In the coming years, continuous technological innovations and extensive R&D activities to enhance the durability and heat-resistance of bioplastics will continue to drive the market growth across the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe bio-degradable plastic market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type and end use industry.

Breakup by Product Type:

• PBAT
• Bio-Degradable Polyesters
• PBS
• PHA
• PLA
• Starch Based
• Others
   

Breakup by End Use Industry:

• Food
• Beverage
• Pharmaceuticals
• Personal Care and Home Care
• Others
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being API SpA, BASF SE, Biome Bioplastics (Biome Technologies plc), FKuR Kunstatoff GmbH, Kingfa Sci. & Tech. Co., Ltd, Mitsubishi Chemical Corporation, Natureworks LLC (Cargill Incorporated), Novamont S.p.A, Plantic (Kuraray Co., Ltd) and Toray Industries Inc.

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe bio-degradable plastic market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe bio-degradable plastic market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe bio-degradable plastic market and who are the key players?
• What is the degree of competition in the industry?