According to the latest report by IMARC Group, titled “Europe Biodegradable Plastic Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the europe bio-degradable plastic market expected to grow at a CAGR of around 12% during (2021-2026).
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.
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.
Europe Bio-degradable Plastic 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.
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Europe Bio-degradable Plastic Market 2021-2026 Analysis and
Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report
with the detailed profiles of the key players operating in the market.
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) and Toray Industries Inc.
The report has segmented the market on the basis on region, disc type,
material type and end user.
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
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List of Figure: https://www.imarcgroup.com/europe-bio-degradable-plastic-market
Key highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021- 2026)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope
of the report, we can provide it to you as a part of the customization.
If you want latest primary and secondary data (2021-2026) with Cost
Module, Business Strategy, Distribution Channel, etc. Click request free sample
report, published report will be delivered to you in PDF format via email
within 24 to 48 hours of receiving full payment.
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