Europe Bioplastics Market Growth, Size, Trends, Challenges, Opportunities and Future Outlook
Europe Bioplastics Market Size- By Product Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: CHEM2419 | Pages: 1 - 159 | Formats*: |
| Category : Chemical & Materials | |||
Europe Bioplastics Market Introduction and Overview
According to SPER Market Research, the Europe Bioplastics Market is estimated to reach USD XX billion by 2033 with a CAGR of 15.37%.
The report includes an in-depth analysis of the Europe Bioplastics Market, including market size and trends, product mix, distribution channels, and supplier analysis. Bioplastics can be produced from naturally occurring sugars, plant starches, waste oils, cellulose, and vegetable fats. Since most of these plastics can decompose naturally, they are better than traditional plastics. Bioplastics are recommended for usage in packaging, textile, electronics, automotive, and furniture end-use industries as an alternative to polymers derived from fossil fuels.
- In February 2022, Carbios and Indorama Ventures announced their collaboration to process bio-recycled PET in France, with a projected 50,000-ton processing capacity.
Market Opportunities and Challenges
Opportunities: The market is going to be driven by the growing demand for sustainable plastic packaging products.
Because bioplastics have qualities that are comparable to those of ordinary plastics, the packaging industry is where bioplastics are most commonly used. Due to rising demand from the food, consumer products, electronics, and automotive component industries, the packaging sector is growing significantly. Moreover, there has been a notable surge in the need for packing materials in order to protect priceless items from potential damage brought on by environmental factors like dampness and heat. Many packaging materials are anticipated to be employed in the near future because to the rise in e-commerce activities around the world.
Challenges: Europe's bioplastics market is dealing with several challenging issues. First, the process and resources required to make bioplastics can make them more expensive than ordinary polymers. Furthermore, producing enough bioplastics to meet demand without utilizing food crops is challenging. Consumer confusion can also arise from the lack of clear regulations around what constitutes an environmentally acceptable bioplastic. Furthermore, it's still difficult to decide whether to compost or recycle bioplastics after we've finished using them. More creativity, funding, and collaboration from all parties engaged in the production and use of bioplastics, as well as improved regulations and consumer education, are required to address these issues.
Market Competitive Landscape
The bioplastics market in Europe is somewhat fragmented. Braskem, Novamont SpA, NatureWorks LLC, BASF SE, and Indorama Ventures Public Company Limited are a few of the major companies in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Application |
| Regions covered | Germany, Australia, Switzerland, France, Great Britain, Spain, Italy |
| Companies Covered | Arkema, BASF SE, Braskem, Corbion, Danimer Scientific, Dow, Kaneka Corporation, Futerro, Maccaferri Industrial Group, Mitsubishi Chemical Corporation, Natureworks LLC, Novamont SpA, Solvay, Others. |
COVID-19 Impact on Europe Bioplastics Market
The European bioplastics market has been impacted by the COVID-19 epidemic in a number of ways. Production and distribution were initially delayed as a result of supply chain interruptions brought on by trade and mobility restrictions. This was made worse by a decline in consumer demand brought on by lockdowns, economic uncertainty, and a change in priorities away from non-essential purchases. But the epidemic also brought attention to the need for environmentally acceptable and sustainable solutions, which sparked interest in bioplastics as a potential replacement for conventional plastics. There has been a renewed emphasis on sustainability and circular economy initiatives as countries progressively reopened and recovery efforts got underway, which is encouraging for the long-term future of the bioplastics market in Europe.
Key Target Audience:
- Industrial Manufacturers
- Packaging Industry
- Agriculture Sector
- Automotive Industry
- Consumer Goods Companies
- Healthcare and Medical Sector
- Government and Regulatory Bodies
Our in-depth analysis of the Europe Bioplastics Market includes the following segments:
| By Product Type: |
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| By Application: |
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Key Topics Covered in the Report:
- Europe Bioplastics Market Size (FY’2024-FY’2033)
- Overview of Europe Bioplastics Market
- Segmentation of Europe Bioplastics Market By Product Type (Bio-based Biodegradables, Bio-based Non-biodegradables)
- Segmentation of Europe Bioplastics Market By Application (Flexible Pakaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, Others)
- Expansion Analysis of Europe Bioplastics Market
- Problems and Obstacles in Europe Bioplastics Market
- Competitive Landscape in the Europe Bioplastics Market
- Impact of COVID-19 and Demonetization on Europe Bioplastics Market
- Details on Current Investment in Europe Bioplastics Market
- Competitive Analysis of Europe Bioplastics Market
- Prominent Players in the Europe Bioplastics Market
- SWOT Analysis of Europe Bioplastics Market
- Europe Bioplastics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Bioplastics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Bioplastics Market Manufacturing Base Distribution, Sales Area, Product Type7. Europe Bioplastics Market, By Product Type (USD Million)
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Bioplastics Market
7.1. Europe Bioplastics Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Bio-based Biodegradables7.2.1. Starch-based7.2.2. Polylactic Acid (PLA)7.2.3. Polyhydroxyalkanoates7.2.4. Polyeter7.2.5. Others7.3. Bio-based Non-biodegradables7.3.1. Bio-polyethylene Terephthalate7.3.2. Bio-Polyethylene7.3.3. Bio-Polyamides7.3.4. Bio-Polytrmethylene Terephthalate7.3.5. Others
8. Europe Bioplastics Market, By Application (USD Million)
8.1. Europe Bioplastics Market Value Share and Forecast, By Application, 2024-20338.2. Flexible Pakaging8.3. Rigid Packaging8.4. Automotive and Assembly Operations8.5. Agriculture and Horticulture8.6. Construction8.7. Textiles8.8. Electrical and Electronics8.9. Others
9. Europe Bioplastics Market Forecast, 2020-2033 (USD Million)
9.1. Europe Bioplastics Market Size and Market Share
10. Europe Bioplastics Market, By Product Type, 2020-2033 (USD Million)
10.1. Europe Bioplastics Market Size and Market Share By Product Type (2020-2026)10.2. Europe Bioplastics Market Size and Market Share By Product Type (2027-2033)
11. Europe Bioplastics Market, By Application, 2020-2033 (USD Million)
11.1. Europe Bioplastics Market Size and Market Share By Application (2020-2026)11.2. Europe Bioplastics Market Size and Market Share By Application (2027-2033)
12. Europe Bioplastics Market, By Region, 2020-2033 (USD Million)
12.1. Europe Bioplastics Market Size and Market Share By Region (2020-2026)12.2. Europe Bioplastics Market Size and Market Share By Region (2027-2033)12.3. Germany12.4. Australia12.5. Switzerland12.6. France12.7. Great Britain
12.8. Spain
12.9. Italy
13. Company Profile
13.1. Arkema13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. BASF SE13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Braskem13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Corbion13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Danimer Scientific13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Dow13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Kaneka Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Futerro13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Maccaferri Industrial Group13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Mitsubishi Chemical Corporation13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Natureworks LLC13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Novamont SpA13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Solvay13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. Others
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Bioplastics Market is projected to reach USD XX billion by 2033, growing at a CAGR of 15.37% during the forecast period.
Europe Bioplastics Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 15.37% during the forecast period.
Europe Bioplastics Market CAGR of 15.37% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Bioplastics Market size is XX billion from 2023 to 2033.
Europe Bioplastics Market Segment is covered By Product Type, By Application.
The Europe is anticipated to have the highest market share in the Europe Bioplastics Market.
"The key players in the market include Companies Covered Arkema, BASF SE, Braskem, Corbion, Danimer Scientific, Dow, Kaneka Corporation, Futerro, Maccaferri Industrial Group, Mitsubishi Chemical Corporation, Natureworks LLC, Novamont SpA, Solvay, Others."
Bioplastics can be produced from naturally occurring sugars, plant starches, waste oils, cellulose, and vegetable fats. Since most of these plastics can decompose naturally, they are better than traditional plastics.
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