Europe Bio-Degradable Plastic Market Growth, Trends | Forecast Report 2023-2028

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According to the latest report by IMARC Group, titled “Europe Bio-Degradable Plastic Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The Europe bio-degradable plastic market is expected to exhibit a growth rate (CAGR) of 12.1% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Bio-degradable plastic, or bioplastic, refers to plant-based plastic that does not harm the environment. It is manufactured from molecules that can break down naturally. It is formed from plant- or animal-based raw materials, including orange peels, corn oil, switchgrass, or petrochemicals that contain bio-degradable additives. Bio-degradable plastic is decomposed by microorganisms, such as bacteria and fungi, into water, carbon dioxide and biomass. As a result, it finds applications across food and beverage, pharmaceuticals, personal and home care, consumer goods, and textile industries.

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Europe Bio-Degradable Plastic Market Trends:

The Europe bio-degradable plastic market is primarily driven by the rising awareness regarding the negative effects of plastic waste. Single-use plastic produces greenhouse gases during decomposition and takes a decade to break down or degrade, which is harmful to the environment. As a result, consumers are willing to pay more for bio-degradable plastic owing to its eco-friendly nature. Besides this, the European Union (EU) has prohibited the use of single-use plastic and is promoting the use of bio-degradable plastics in various industry verticals. In addition, bio-degradable plastics are increasingly used in the packaging industry to manufacture boxes, cups, and plates to reduce the carbon footprint. They are also utilized in the e-commerce industry, which is positively impacting the demand for bio-degradable plastics in the region. Furthermore, there has been growing research and development (R&D) activities to enhance the durability and resistance of bioplastics, which are creating a positive market outlook.

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
  • 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

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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