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
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Regions covered | Germany, Australia, Switzerland, France, Great Britain, Spain, Italy
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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.
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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: |
Bio-based Biodegradables
Bio-based Non-biodegradables
Bio-polyethylene Terephthalate
Bio-Polytrmethylene Terephthalate
|
By Application: |
Germany
Australia
Switzerland
France
Great Britain
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Bioplastics Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape6.1. Europe Bioplastics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Bioplastics Market
7. Europe Bioplastics Market, By Product Type (USD Million)7.1. Europe Bioplastics Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Bio-based Biodegradables
7.2.1. Starch-based
7.2.2. Polylactic Acid (PLA)
7.2.3. Polyhydroxyalkanoates
7.2.4. Polyeter
7.2.5. Others
7.3. Bio-based Non-biodegradables
7.3.1. Bio-polyethylene Terephthalate
7.3.2. Bio-Polyethylene
7.3.3. Bio-Polyamides
7.3.4. Bio-Polytrmethylene Terephthalate
7.3.5. Others
8. Europe Bioplastics Market, By Application (USD Million)
8.1. Europe Bioplastics Market Value Share and Forecast, By Application, 2024-2033
8.2. Flexible Pakaging
8.3. Rigid Packaging
8.4. Automotive and Assembly Operations
8.5. Agriculture and Horticulture
8.6. Construction
8.7. Textiles
8.8. Electrical and Electronics
8.9. 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. Germany
12.4. Australia
12.5. Switzerland
12.6. France
12.7. Great Britain
12.8. Spain
12.9. Italy
13. Company Profile
13.1. Arkema
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BASF SE
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Braskem
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Corbion
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Danimer Scientific
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Dow
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Kaneka Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Futerro
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Maccaferri Industrial Group
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Mitsubishi Chemical Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Natureworks LLC
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Novamont SpA
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Solvay
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. 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.