Europe Bio-Degradable Plastic Market Share Analysis, Growth and Research Report 2024-2032

Europe Bio-Degradable Plastic Market Outlook

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Size in 2023: USD 1.3 Billion

Market Forecast in 2032: USD 3.4 Billion

Market Growth Rate: 10.8% (2024-2032)

How Big is the Europe Bio-Degradable Plastic Industry ?

The Europe bio-degradable plastic market was valued at USD 1.3 Billion in 2023 and is projected to grow to USD 3.4 Billion by 2032, with an expected compound annual growth rate (CAGR) of 10.8% from 2024 to 2032.

Europe Bio-Degradable Plastic Market Trends:

In Europe, the expanding understanding of society about environment pollution through traditional plastic is the main reason driving the market. In addition, the increasing government policies to curb plastic waste are also contributing to the market dynamics. On top of that, there is a growing investment for the development of new biodegradable materials which is improving the products. Besides, the rising packaging industry, looking for bioplastics based solutions, is pushing the market growth even further.

Consumers’ increasing inclination towards green products is in turn, a key factor that is driving the growth as enhances manufacturers’ transitions to biodegradable products. Furthermore, the increasing utilization of biodegradable plastics in agriculture sector especially in mulch films and plant pots are growing the scope of the market. In addition, the integration of key players in joint ventures and sustainability initiatives is encouraging the use of biodegradable materials.

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Europe Bio-Degradable Plastic Market Scope and Growth Analysis:

The scope of the market has grown in leaps and bounds with the enactment of laws and regulations geared toward the reduction of plastic use and the cultivation of environmentally friendly farming techniques. Also, the increasing collaborations between producers of biodegradable plastics and essential industries are extending the market base as well as enabling new uses. It is evaluated from the market analysis that the introduction of biodegradable products in other new sectors apart from packaging making inroads into such sectors like electronics and textiles is opening more avenues for sales.

The increasing investments towards waste management and recycling technologies on the other hand are supporting the circular economy and developmental projects in waste which resonate well with the sustainability wishes of the consumers. The increasing attention to how well a product works and how long it lasts is also encouraging the development and fitting of biodegradable materials to replace plastics. In addition to that, the increased provision of grants and benefits to companies incorporating biodegradable materials tend to as well boost market access. As per the focal analysis, the expanding concern of the consumer in acquiring multifunctional and eco-friendly packaging materials explains the rapid growth of biodegradable plastics in such assorted usages.

By the IMARC Group, the Top Competitive Landscapes Operating in the Industry:

• 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.

Europe Bio-Degradable Plastic Research Report and Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Europe bio-degradable plastic market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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