The Europe biodegradable plastic market is accounted to US$ 980.0 Mn in 2018 and is expected to grow at a CAGR of 14.4% during the forecast period 2019 – 2027, to account to US$ 3,286.9 Mn by 2027.
Germany is dominating the Europe biodegradable plastic market followed by France. Germany is considered to be one of the major economies in Europe, where the consumption of bioplastics has increased at the rapid rate. It is amongst the first who has provided certification related to biodegradable plastics. The demand for bio-degradable plastic is rising so as to promote environment sustainability. Moreover, being an eco-friendly substitute of conventional plastic, they are increasingly being demanded by the end use industries.
Exhibit: Europe Biodegradable Plastic Market
Market Insights
Growing awareness of the adverse effects attributed to conventional plastics to favor the biodegradable plastic market in Europe
The customers in countries of Europe have been educated of the ill effects of conventional plastics on their lifestyle and the environment. Various organizations are working toward bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, cleanup campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability. The key aim is to increase the understanding of users regarding plastic pollution, thereby encouraging the invention of more sustainable solutions, and empowerment of more people and business organizations to take action to stop plastic pollution. Therefore, the revolution in consumer demand on the basis of environmental awareness, packaging convenience, and sustainable plastic production systems is boosting the global biodegradable plastic market growth.
Type Insights
Based on type, the Europe biodegradable plastic market is bifurcated as PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend segment dominated the Europe biodegradable plastic market. The starch blend polymer bio-blends are the biodegradable polymeric materials which are composed of cellulosic-based biomaterials which can be degraded by enzymes and microorganisms. The combination of polyolefin and starch gives a single material with the biodegradation properties of starch with the mechanical, thermal and barrier properties of polyolefin. Starch has been noticing increasing attention as raw material for the manufacturing of films due to the lack of the availability of the conventional film-forming resins. The low permeability of starch films has made it an element of choice for the food packaging application.
End User Insights
The Europe Biodegradable Plastic market is bifurcated based on end user into packaging and bags, agriculture and horticulture, consumer goods, textile and others. The packaging and bags segment accounted for the largest share in the Europe biodegradable plastic market. The biodegradable plastics have found a profound place in the packaging and bags sector considering the growing demand for biodegradable plastic from the packaging sector due to its properties like being stronger and convenient to use as compared to the traditional plastics. Rigid packaging is implemented by manufacturers of cosmetic goods, as well as beverage bottles, among others. Materials including bio-PE, PLA, or bio-PET, are commonly used in rigid biodegradable plastic packaging.
Exhibit: Reset of Europe Biodegradable Plastic Market by Type
Strategic Insights
New product development and strategy and business planning were observed as the most adopted strategies in Europe biodegradable plastic market. Few of the recent developments in the Europe Biodegradable plastic market are listed below:
2018: Biome Bioplastics opens new research unit in Southampton to support Biome’s work in developing bio-based and compostable alternatives to oil-based plastics owing to the increased demand of biodegradable plastic
2019: NatureWorks LLC successfully processed a multilayer transparent bio-based barrier film.
EUROPE BIODEGRADABLE PLASTIC MARKET SEGMENTATION
By Type
By End User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 980.0 Million |
| Market Size by 2027 | US$ 3,286.9 Million |
| CAGR (2019 - 2027) | 14.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Biodegradable Plastic Market is valued at US$ 980.0 Million in 2018, it is projected to reach US$ 3,286.9 Million by 2027.
As per our report Europe Biodegradable Plastic Market, the market size is valued at US$ 980.0 Million in 2018, projecting it to reach US$ 3,286.9 Million by 2027. This translates to a CAGR of approximately 14.4% during the forecast period.
The Europe Biodegradable Plastic Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Biodegradable Plastic Market report:
The Europe Biodegradable Plastic Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Biodegradable Plastic Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Biodegradable Plastic Market value chain can benefit from the information contained in a comprehensive market report.
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