Emergen Research’s latest market research report, titled Global European Bioplastics Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.
This report is a fair prototype of the European Bioplastics-industry containing an in-depth study of the global European Bioplastics market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.
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The European Bioplastics Market is expected to grow from an estimated USD 3.6 billion in 2024 to USD 6.2 billion in 2033, at a CAGR of 6.2%.
The European bioplastics market is expected to be driven by favorable government policies and regulations. The European Union has framed strict policy measures to decrease plastic pollution and consequently increase the usage of environment-friendly alternatives. Of these, the most striking is the Single-Use Plastics Directive that seeks to reduce plastic waste by banning or restricting a clearly defined set of single-use plastic products found most in marine litter.
This has forced industries to switch to biodegradable and compostable plastics, especially in packaging, food service, and consumer goods. In January 2024, EUBP had called for a Biopolymers Industrial Action Plan in order to further accelerate the growth of this industry.
It stressed in this plan that harmonized regulations be brought into place to embed the bioeconomy concept in relevant existing frameworks for the creation of a level playing field for bioplastics. EUBP calls for increased financial support in terms of technological innovation and infrastructure development, first and foremost regarding the collection and recycling system of food waste. Various key regulations have been reviewed or introduced that support bioplastics.
The packaging & packaging waste regulation and the Waste Framework Directive are currently under revision with a view to offering a better fit for biobased materials. Besides that, the Single-Use Plastics Directive limits specific plastic products while encouraging alternatives such as biodegradable and compostable plastics.
These regulatory enhancements aim at underlining the conditions under which bioplastics can be effectively used while ensuring they comply with stringent environmental standards.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global European Bioplastics market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the European Bioplastics market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global European Bioplastics market.
Market Segmentation:
The report bifurcates the European Bioplastics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
The European bioplastics market is concentrated, with the presence of a few key players such as NatureWorks LLC, Novamont S.p.A., Braskem, BASF SE, Indorama Ventures, and Covestro AG. NatureWorks and Novamont are market leaders in PLA-based bioplastics, while NatureWorks focuses on producing the Ingeo biopolymer.
Braskem and Indorama Ventures have their focus on biopolyethylene and biopolyester, respectively, drawing on their strong inheritance of petrochemical stocks. BASF, the large chemical player, is expanding its bioplastic portfolio by adding more eco-friendly material like.
European Bioplastics estimates that bioplastics comprised around 0.5% of more than 400 million tonnes of plastic produced globally in 2023. Compared to an estimated production capacity of about 2.18 million tonnes in 2023, the production capacity of bioplastics is expected to increase significantly to around 7.43 million tonnes by 2028.
Some of the key companies in the global European Bioplastics market include:
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- NatureWorks LLC
- Novamont S.p.A.
- Braskem
- BASF SE
- Indorama Ventures Public Company Limited
- NatureWorks LLC
- Braskem
- Total Corbion PLA
- Covestro AG
- Treofan Germany GmbH
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Target Audience of the Global European Bioplastics Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
By Product Type Outlook (Revenue, USD Billion; 2020-2033)Â
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- Bio-based Biodegradables
- Starch-based
- Polylactic Acid (PLA
- Polyhydroxyalkanoates (PHA)
- Polyester (PBS, PBAT, and PCL)
- Other Bio-based Biodegradables
- Bio-based Non-biodegradables
- Bio-polyethylene Terephthalate
- Bio-polyethylene
- Bio-polyamides
- Bio-polytrimethylene Terephthalate
- Other Bio-based Non-biodegradables
By Application Outlook (Revenue, USD Billion; 2020-2033)Â
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- Flexible Packaging
- Rigid Packaging
- Automotive and Assembly Operations
- Agriculture and Horticulture
- Construction
- Textiles
- Electrical and Electronics
- Other Applications
By Regional Outlook (Revenue, USD Billion; 2020-2033)Â
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Benelux
- Rest of Europe
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Competitive Terrain:
The global European Bioplastics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Consumer Demand for Sustainable Packaging
The increasing consumer demand for sustainable packaging is considered one of the major driving forces in the bioplastics market in Europe. The awareness about plastic pollution and carbon footprint has been growing continuously, and consumers are actively seeking out eco-friendly alternatives to conventional packaging.
This preference shift is most evident in the food and beverage, personal care, and healthcare industries, where sustainability has emerged as a key differentiator in brand identity and consumer loyalty. For instance, the food and beverage industry has a higher demand for biodegradable or compostable packaging to ensure that the impact on the environment is negligible when thrown away.
Personal care brands are also using bioplastics to provide sustainable packaging solutions that appeal to their consumers’ values of caring for the environment. Bioplastic packaging also finds its application in the healthcare industry, both medical devices and pharmaceuticals, focusing on environmental sustainability and, at the same time, regulatory compliance.
It includes ambitious targets to cut packaging waste, especially from plastic: 5% by 2030, 10% by 2035, and 15% by 2040. Under the agreement, EU member states will have to ensure a substantial reduction in plastic packaging waste, and certain types of plastic packaging will be banned from January 1, 2030, onward.
It will also ban the use of so-called “forever chemicals”-per- and polyfluoroalkyl substances, or PFAS-in food-contact packaging. SingleReusable packaging for alcohol and non-alcoholic beverages except products packaged in milk, wine, aromatised wine, spirit: Specific target to reach a minimum of 10% by 2030.
Key reasons to buy the Global European Bioplastics Market report:
- The latest report comprehensively studies the global European Bioplastics market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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