Europe Bioplastic Market Overview
Europe Bioplastic Market Size was valued at USD 2.9 Billion in 2022. The bioplastic market industry is projected to grow from USD 3.3 Billion in 2023 to USD 9.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.80% during the forecast period (2023 - 2032). The market is expanding due to market drivers, including the general public's increased awareness of environmental sustainability, the implementation of stronger rules regarding emissions and waste management, and the growing preference for eco-friendly products.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Bioplastic Market Trends
- Growing Consumer Demand for Eco-Friendly Plastic Packaging is Driving Market Growth
Bioplastics are most frequently utilized in the packaging industry because of their properties that are similar to those of traditional plastics. The packaging sector is expanding significantly due to the consumer goods, food, electronics, and automotive component industries. Furthermore, there's a noticeable increase in the requirement for packing supplies to shield valuables from any harm caused by environmental elements like heat and dampness. The increase in Europe e-commerce operations is expected to lead to the adoption of a multitude of packaging products in the near future. In addition, plastic material is vital to the packaging industry since it offers crucial properties including transparency or opacity, stiffness, rigidity, and durability for the creation of packaging items. Since bio-based plastics are produced using renewable feedstock, they are a great sustainable substitute for reducing the amount of plastic waste that is produced in the environment.
In addition, biodegradable plastics have found use in a variety of industries, but the packaging sector is where they are most evidently used because of their comparable qualities to traditional plastics. Both flexible and stiff packaging uses them. A significant amount of packing material is anticipated to be needed in the future due to the rise in e-commerce operations across Europe. It can be a great solution to reduce plastic pollution to use bio-based plastics, since they can simply replace conventional plastics. Additionally, sectors like food and medicine are putting more and more pressure on manufacturers to use plastics made from renewable feedstock. In addition, both established and developing economies are seeing an increase in the demand for ready-to-eat goods. As a result, the producers of these goods have made a concerted effort to find packaging materials that are both environmentally friendly and safe for the things they are packing. The Europe market share of bioplastics will increase thanks to these product strategies. Thus, driving the bioplastic market revenue.
Bioplastic Market Segment Insights
Bioplastic Product Type Insights
The Europe Bioplastic market segmentation, based on product type includes Bio-based Biodegradables (Starch-based, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Polyester (PBS, PBAT, and PCL), Other Bio-based Biodegradables) and Bio-based Non-biodegradables (Bio-polyethylene Terephthalate, Bio-polyethylene, Bio-polyamides, Bio-polytrimethylene Terephthalate, Other Bio-based Non-biodegradables). The bio-based biodegradables segment dominated the market mostly due to the textile, automotive, agricultural, and packaging sectors' widespread use of it. Because it is widely used in the packaging business, polylactic acid (PLA) has the largest percentage of all biodegradable forms.
Figure 1: Europe Bioplastic Market, by Product Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Bioplastic Application Insights
The Europe Bioplastic market segmentation, based on application includes Flexible Packaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, Other Applications. The rigid packaging segment dominated the market mostly. The increasing use of robust and environmentally friendly packaging materials by transportation businesses is the reason for this rise. The rigid packaging market is further divided into trays, bottles and jars, and other categories. The bottles & jars sub-segment is anticipated to be driven by rising demand for packaging for medicinal and beverage liquids.
Bioplastic Country Insights
Over the course of the projection period, Europe accounted for a sizable portion of the bioplastics market. Widespread usage of bioplastics may be found in many necessary products, including shopping bags, bottles, shopping mulch films, and refuge bags. The European Union uses about 100 billion bags annually. Overall, bioplastics are becoming more and more acceptable to consumers across all of Europe. In addition, the growing application of bioplastics in important end-use sectors, including consumer goods, packaging, textiles, automotive & transportation, and medical devices, is also expected to propel the industry. However, one of Europe's largest economies, Germany saw the fastest growth in the nation's bioplastics consumption sector. Government rules propelled the market, and Germany's packaging sector is one of the continent's largest users of bioplastics. One of the first nations to offer DIN CERTCO certification for biodegradable polymers is Germany.
Figure 2: EUROPE BIOPLASTIC MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Bioplastic Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the bioplastic market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, bioplastic industry must offer cost-effective items.
Major players in the bioplastic market are attempting to increase market demand by investing in research and development operations includes Arkema, BASF SE, Corbion, Dow, Mitsubishi Chemical Corporation, Futerro, Danimer Scientific, Natureworks LLC, Kaneka Corporation, Maccaferri Industrial Group, Braskem, Solvay, Toray International Inc., Trinseo, and Novamont SpA.
Key Companies in the bioplastic market include
- Arkema
- BASF SE
- Corbion
- Dow
- Mitsubishi Chemical Corporation
- Futerro
- Danimer Scientific
- Natureworks LLC
- Kaneka Corporation
- Maccaferri Industrial Group
- Braskem
- Solvay
- Toray International Inc.
- Trinseo
- Novamont SpA
Bioplastic Industry Developments
Februrary 2022: An estimated 50,000 tons of bio-recycled PET can be processed in France due to the agreement between Carbios and Indorama Ventures.
January 2021: BioBag Group, a manufacturer of low-impact materials used in waste collecting and packaging, was purchased by Novamont. Through this transaction, Novamont will increase its footprint in North America, Europe, and the Asia-Pacific region by utilizing BioBag's distribution network.
Bioplastic Market Segmentation
Bioplastic Product Type Outlook
- 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
Bioplastic Application Outlook
- Flexible Packaging
- Rigid Packaging
- Automotive and Assembly Operations
- Agriculture and Horticulture
- Construction
- Textiles
- Electrical and Electronics
- Other Applications
Bioplastic Regional Outlook
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Sweden
- Denmark
- Luxembourg
- Norway
- Austria
- Rest of Europe
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 2.9 Billion |
| Market Size 2023 |
USD 3.3 Billion |
| Market Size 2032 |
USD 9.3 Billion |
| Compound Annual Growth Rate (CAGR) |
13.80% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
and Region |
| Region Covered |
Europe |
| Countries Covered |
Germany, France, UK, Italy, Spain, Sweden, Denmark, Luxembourg, Norway, Austria, and Rest of Europe |
| Key Companies Profiled |
Arkema, BASF SE, Corbion, Dow, Mitsubishi Chemical Corporation, Futerro, Danimer Scientific, Natureworks LLC, Kaneka Corporation, Maccaferri Industrial Group, Braskem, Solvay, Toray International Inc., Trinseo, and Novamont SpA |
| Key Market Opportunities |
·      Rise in the popularity of eco-friendly products, healthy living, and environmental sustainability·      Manufacturers' collaboration and agreements to increase their commercial presence |
| Key Market Dynamics |
·      Development of renewable and biobased raw resources·      Increasing demand to reduce dependency on fossil fuels |
Frequently Asked Questions (FAQ) :
The Europe Bioplastic market size was valued at USD 2.9 Billion in 2022.
The market is projected to grow at a CAGR of 13.80% during the forecast period, 2023-2032.
The key players in the market are Arkema, BASF SE, Corbion, Dow, Mitsubishi Chemical Corporation, Futerro, Danimer Scientific, Natureworks LLC, Kaneka Corporation, Maccaferri Industrial Group, Braskem, Solvay, Toray International Inc., Trinseo, and Novamont SpA.
The bio-based biodegradables category dominated the market in 2022.
The rigid packaging category had the largest share in the market.
