Europe Biodegradable Plastic Market 2022: Industry Trends, Size, Share and Forecast 2027

According to the latest report by IMARC Group, titled “Europe Biodegradable Plastic Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The europe bio-degradable plastic market is expected to exhibit a CAGR of 12.4% during 2022-2027.

Bio-degradable plastics or bioplastics are designed to be decomposed upon exposure to microorganisms into water, carbon dioxide, and biomass under specific conditions. They are primarily produced using all-natural plant- or animal-based raw materials, such as orange peels, soybeans, switchgrass, etc. Some of the different types of bio-degradable plastics like Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), etc., help to reduce carbon dioxide emissions, lower manufacturing costs, and minimize waste production levels. As a result, bio-degradable plastics are widely used across various industries, such as food and beverages, pharmaceuticals, personal and home care, textile, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

Increasing consumer concerns towards the detrimental impact of synthetic plastics on the environment are primarily driving the demand for bio-degradable plastics in Europe. Additionally, the changing preferences from single-use plastic towards recyclable and eco-friendly alternatives that reduce carbon footprints, are also propelling the Europe bio-degradable plastics market. This is further supported by implementation of stringent regulations by the European Commission against single-use plastics. Besides this, the continuous replacement of conventional plastics with bio-degradable boxes, cups, plates, etc., in the foodservice sector is also augmenting the market growth. Moreover, the emerging e-commerce industry is increasingly adopting bioplastic packaging solutions to support ecological sustainability and reduce landfills. In the coming years, continuous technological innovations and extensive R&D activities aimed at enhancing the durability and heat-resistance of bioplastics will continue to drive market growth across the region.

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 with Key Player:

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)

Toray Industries Inc

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic

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