Europe Bioplastics Market

The bioplastics market in Europe is expected to grow from US$ 1,585.92 million in 2021 to US$ 3,964.11 million by 2028; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.

Bioplastics are plastics produced from plants or other biological materials, unlike conventional plastic produced using crude oil and natural gas. These are usually made by extracting sugar starch from sugarcane and corn to facilitate their conversion into polybioplastics (PLAs); they can also be produced from polyhydroxyalkanoates (PHAs) engineered from microorganisms. The PLA is the most typical bioplastics used in food packaging, while PHA is often utilized in medical devices, including sutures and cardiovascular patches. PLA has properties similar to polyethylene and polypropylene, and its important features include high rigidity, transparency, stability, and superior performance, which make it suitable for food packaging applications. PLA plastic production saves two-thirds of the energy required for fabricating fossil fuel-based plastics. Further, the production process The PLA plastics emit ~70% fewer greenhouse gases than conventional plastics during the degradation in a landfill.

Packaging products made from bioplastics include bags for agricultural use, compost, nursery products, horticultural products, toys, and textiles. They are also used in the production of disposable cups, plates, salad bowls, clingfilm, and food containers. The development of sophisticated bioplastic packaging for food products has notably enhanced the shelf life of the food. Its use helps brands connect with their customers by showing they are conscious of their environmental footprint. Bioplastics offer an alternative approach to packaging and are a real solution to the need to reduce traditional plastic use and waste. Growing environmental concerns are driving the demand for biodegradable plastics in the packaging sector across Europe. In addition, the demand for bioplastics in the packaging industry is expected to grow due to the rising need for different healthcare products to combat the COVID-19 pandemic. Further, it’s relatively easy for manufacturers to manufacture bioplastic packaging because the production process involves the use of standard plastics processing technology. Thus, the growing demand for eco-friendly plastics in the packaging sector is a major factor boosting the growth of the bioplastics market in Europe.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe bioplastics market at a notable CAGR during the forecast period.

Europe Bioplastics Market Revenue and Forecast to 2028 (US$ Million)

Europe Bioplastics Market Segmentation

Europe bioplastics market is segmented into type, application, and country. Based on type, the market is segmented into biodegradable and non-biodegradable.  The biodegradable segment held the larger market share in 2020. Based on application, the Europe bioplastics market has been divided into packaging, agriculture, consumer goods, automotive & transportation, textiles, building & construction, and others. The packaging segment held the largest market share in 2020. Based on country, the Europe bioplastics market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe.

Basf SE; Biome Bioplastics; Braskem S.A.; Mitsubishi Chemical Corporation; Novamont S.P.A.; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the Europe bioplastics market.

Europe Bioplastics Market Strategic Insights

Europe Bioplastics Market Segmentation Analysis

Europe Bioplastics Market Report Highlights

Europe Bioplastics Report Scope

Europe Bioplastics Market Country and Regional Insights