Europe Bioplastics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Biodegradable and Non-Biodegradable) and Application (Packaging, Agriculture, Consumer Goods, Automotive & Transportation, Textiles, Building & Construction, and Others)
The bioplastics market in Europe is expected to grow from US$ 1,585.92 million in 2021 to US$ 3,964.11 million by 2028; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.
Bioplastics are plastics produced from plants or other biological materials, unlike conventional plastic produced using crude oil and natural gas. These are usually made by extracting sugar starch from sugarcane and corn to facilitate their conversion into polybioplastics (PLAs); they can also be produced from polyhydroxyalkanoates (PHAs) engineered from microorganisms. The PLA is the most typical bioplastics used in food packaging, while PHA is often utilized in medical devices, including sutures and cardiovascular patches. PLA has properties similar to polyethylene and polypropylene, and its important features include high rigidity, transparency, stability, and superior performance, which make it suitable for food packaging applications. PLA plastic production saves two-thirds of the energy required for fabricating fossil fuel-based plastics. Further, the production process The PLA plastics emit ~70% fewer greenhouse gases than conventional plastics during the degradation in a landfill.
Packaging products made from bioplastics include bags for agricultural use, compost, nursery products, horticultural products, toys, and textiles. They are also used in the production of disposable cups, plates, salad bowls, clingfilm, and food containers. The development of sophisticated bioplastic packaging for food products has notably enhanced the shelf life of the food. Its use helps brands connect with their customers by showing they are conscious of their environmental footprint. Bioplastics offer an alternative approach to packaging and are a real solution to the need to reduce traditional plastic use and waste. Growing environmental concerns are driving the demand for biodegradable plastics in the packaging sector across Europe. In addition, the demand for bioplastics in the packaging industry is expected to grow due to the rising need for different healthcare products to combat the COVID-19 pandemic. Further, it’s relatively easy for manufacturers to manufacture bioplastic packaging because the production process involves the use of standard plastics processing technology. Thus, the growing demand for eco-friendly plastics in the packaging sector is a major factor boosting the growth of the bioplastics market in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe bioplastics market at a notable CAGR during the forecast period.
Europe Bioplastics Market Revenue and Forecast to 2028 (US$ Million)
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Europe Bioplastics Market Segmentation
Europe bioplastics market is segmented into type, application, and country. Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment held the larger market share in 2020. Based on application, the Europe bioplastics market has been divided into packaging, agriculture, consumer goods, automotive & transportation, textiles, building & construction, and others. The packaging segment held the largest market share in 2020. Based on country, the Europe bioplastics market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe.
Basf SE; Biome Bioplastics; Braskem S.A.; Mitsubishi Chemical Corporation; Novamont S.P.A.; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the Europe bioplastics market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country-Level Data
4. Europe Bioplastics Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Bioplastics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Multiple Application Scope of Bioplastics
5.1.2 Eco-Friendly Plastics are at High Demand in the Packaging Industry
5.2 Market Restraints
5.2.1 Higher Prices and Shorter Lifetime of Bioplastics than Traditional Plastics
5.3 Market Opportunities
5.3.1 Stringent Government Laws & Regulations on Traditional Plastic Use
5.4 Future Trends
5.4.1 Innovations and Technology Advancement Being Focused Upon
5.5 Impact Analysis of Drivers and Restraints
6. Bioplastics Market– Europe Analysis
6.1 Market Overview
6.2 Europe Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)
7. Europe Bioplastics Market Analysis – By Type
7.1 Overview
7.2 Europe Bioplastics Market Breakdown, by Type, 2020 & 2028
7.3 Biodegradable
7.3.1 Overview
7.3.2 Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Biodegradable
7.4.1 Overview
7.4.2 Non-Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Bioplastics Market Analysis – By Application
8.1 Overview
8.2 Europe Bioplastics Market Breakdown, by Application, 2020 & 2028
8.3 Packaging
8.3.1 Overview
8.3.2 Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Automotive and Transportation
8.6.1 Overview
8.6.2 Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Textiles
8.7.1 Overview
8.7.2 Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Building and Construction
8.8.1 Overview
8.8.2 Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Bioplastics Market –Country Analysis
9.1 Overview
9.1.1 Europe: Bioplastics Market, by Key Country
9.1.1.1 Germany: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Bioplastics Market, by Type
9.1.1.1.2 Germany: Bioplastics Market, by Application
9.1.1.2 France: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Bioplastics Market, by Type
9.1.1.2.2 France: Bioplastics Market, by Application
9.1.1.3 Italy: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Bioplastics Market, by Type
9.1.1.3.2 Italy: Bioplastics Market, by Application
9.1.1.4 UK: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Bioplastics Market, by Type
9.1.1.4.2 UK: Bioplastics Market, by Application
9.1.1.5 Russia: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Bioplastics Market, by Type
9.1.1.5.2 Russia: Bioplastics Market, by Application
9.1.1.6 Rest of Europe: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Bioplastics Market, by Type
9.1.1.6.2 Rest of Europe: Bioplastics Market, by Application
10. Company Profiles
10.1 Teijin Limited
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 TORAY INDUSTRIES, INC.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 SABIC
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 BASF SE
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Total Corbion PLA
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Braskem S.A.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Biome Bioplastics
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Mitsubishi Chemical Corporation
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Novamont S.P.A.
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. Europe Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Germany Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Bioplastics Market Segmentation
Figure 2. Europe Bioplastics Market Segmentation – By Country
Figure 3. Europe Bioplastics Market Overview
Figure 4. Biodegradable Segment Held Largest Share of Europe Bioplastics Market
Figure 5. Rest of Europe Held Largest Share of Europe Bioplastics Market
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Europe Bioplastics Market
Figure 8. Expert Opinion
Figure 9. Europe Bioplastics Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. Europe Bioplastics Market Breakdown, by Type, 2020 & 2028
Figure 12. Europe Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Non-Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Bioplastics Market Breakdown, by Application, 2020 & 2028
Figure 15. Europe Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Bioplastics Market, by Key Country – Revenue (2020) (US$ Million)
Figure 23. Europe: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. Germany: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
- Basf SE
- Biome Bioplastics
- Braskem S.A.
- Mitsubishi Chemical Corporation
- Natureworks LLC
- Sabic; Teijin Limited
- Toray Industries, Inc.
- Total Corbion PLA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe bioplastics market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe bioplastics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the bioplastics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution