The Europe bio-degradable plastic market size is expected to exhibit a growth rate (CAGR) of 10.8% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Europe Bio-Degradable
Plastic Market: Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the Europe bio-degradable plastic market size is
expected to exhibit a growth rate (CAGR) of 10.8% during 2024-2032.
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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4. Report Description
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.
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5. Report
Segmentation
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
7. Competitive
Landscape with
Key Players
• 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)
• Toray Industries Inc.
8. Key Questions
Answered in
the Report
How has the Europe bio-degradable plastic market performed so far and
how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe bio-degradable
plastic market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe bio-degradable plastic market and
who are the key players?
What is the degree of competition in the industry?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Europe Bio -Degradable Plastic Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 PBAT
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Bio -Degradable Polyesters
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 PBS
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 PHA
6.4.1 Mark et Trends
6.4.2 Market Forecast
6.5 PLA
6.5.1 Mark et Trends
6.5.2 Mark et Forecast
6.6 Starch Based
6.6.1 Mark et Trends
6.6.2 Mark et Forecast
6.7 Others
6.7.1 Mark et Trends
6.7.2 Mark et Forecast
7 Market Breakup by End Use Industry
7.1 Food
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Beverage
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Pharmaceuticals
7.3.1 Mark et Trends
7.3.2 Market Forecast
7.4 Personal Care and Home Care
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Mark et Trends
7.5.2 Mark et Forecast
8 Market Breakup by Country
8.1 Germany
8.1.1 Market Trends
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