Europe Bio-plastics Market, 2024-2030

Bio-plastics are plastics derived from renewable feed-stocks such as corn, sugarcane, and cellulose, vegetables, fats and oils wood chips or sawdust, corn starch and recycled food waste. It can be also made by common plastic by application of microorganism. The unlikeliness between common plastic and bio plastic is that common plastics are made up of fossil resources such as petroleum.

The Europe bio-plastic market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Europebio-plastic is growing at a fast pace and increasing its geographical footprint rapidly. The Europebio-plastic market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The major growth driver for the Europe bio-plastic market is that it is competitive with the traditional plastic with some added advantages. It is reduced carbon content and better waste management attribute as it can be used as composting due to its biodegradable character. Also it offers diversified commercial application equivalent to traditional plastic as it bears same mechanical strength, robustness and manufacturability. The current market suggests the favorable feature for the bio plastic is that it is moving towards sustainable future with reduced environmental impact. It is also driving more and more job opportunities in this prospective as government endorses this industry in almost in Europe.

The main characteristic that hinder this industry is material properties are not superior than the conventional plastic. Also the manufacturing cost effectiveness is not as competitive as traditional plastic. The 100% biodegradability is still debatable. The limited performance standard is also a main hindering factor so far.

The Europe bio-plastic market has remarkable usage across all major countries in the Europe, such as Germany, France, Italy, UK, Belgium, and Rest of Europe. With an ever-growing number of big brands turning towards bioplastic solutions, the market penetration is well on its way. Brands and brandowners such as Procter & Gamble, Coca-Cola, Danone, Puma, Samsung, IKEA, Tetra Pak, Heinz, or Toyota have already introduced first large scale products in Europe. Many more, including Lego, have announced corresponding plans in the near future.

The key players in the Europe bio-plastics market are Novamont, Arkema, and Solvay, and DSM.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analyzed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

The European market for bio-plastic is split under different categories- based on its type and application and geography. Different bio-plastic are mapped with its applications across different countries within the European region. Findings were later consolidated in the form of a report. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Please note: this is delivered as an excel file. Show more