|
Forecast
Period
|
2024-2028
|
|
Market
Size (2023)
|
USD1.34
billion
|
|
CAGR
(2023-2028)
|
8.27%
|
|
Fastest
Growing Segment
|
Polylactic
Acid (PLA)
|
|
Largest
Market
|
Germany
|
Market Overview
Europe Biodegradable
Plastics Market has valued at USD 1.34 billion in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 8.27% through 2028.
Biodegradable plastics are equipped for going through physical and organic
decay, to such an extent that it at last deteriorates into carbon dioxide
(CO2), biomass, and water, and is, as per European norms for bundling,
recoverable through fertilizing the soil and anaerobic processing.
Biodegradable plastic is a plastic that deteriorates normally in the climate.
This is basically done by the microorganism present in the climate that
separates the design of biodegradable plastic. It is fabricated by utilization
of miniature creature, inexhaustible natural substance, and petrochemicals.
Biodegradable plastic is eco-accommodating and has no harmfulness as it is
delivered utilizing inexhaustible natural substance. This kind of plastic is
basically created utilizing normal plant material, which mostly incorporates
corn oil, orange strips, starch, and plants. Ascend in reception of
biodegradable plastics attributable to eco-accommodating nature of
biodegradable plastics is a vital driver of biodegradable plastics.
Biodegradable plastics can possibly lessen carbon dioxide discharge by 30%-70%,
when contrasted with regular manufactured plastic. Then again, it doesn't
unfavorably influence the climate, as the material has no toxicity and corrupts
without any problem. Biodegradable plastic addresses 42% decrease in carbon
impressions. Purchasers like to utilize bioplastic bundling material over
manufactured plastic bundling, since it is fit for being decayed with food.
Factors like high biodegradation, zero poisonousness, ecologically free, and
direct substitute to customary plastic are inclining toward utilization of
biodegradable plastic and have arisen as the significant development drivers in
this Europe biodegradable plastics market. The food and drink industry is by
and by one of the biggest shoppers of plastic bundling, the substitution of
plastics by biodegradable plastics will give greater open doors to biodegradable
plastic makers. Driving organizations like Coca Cola, Settle, Nike, and Passage
are displaying their advantage toward the creation and utilization of bio-based
biodegradable plastic materials, across different applications. At last,
government's job in lessening traditional plastics will demonstrate gainful for
the reception of bioplastics. The EU mandate has proposed to diminish the
reliance on expendable plastics toward the finish of 2030. Further, nations in
Europe have put a worth added charge for reusing of plastic items that expands
its last cost. This powers retailers as well as packers to advance their
bundling for manageability and biodegradability; subsequently, expanding the
interest for biodegradable plastics during the figure time frame. Notwithstanding
its benefits, biodegradable plastics face a gigantic test as its significant
expenses. As of now, biodegradable items are beyond two times costly when
contrasted with the ordinary petrol plastics. This is chiefly because of the
great Research and development cost, significant expense of polymer plant
development, significant expense of unrefined components, and little creation
scale. The typical expense of regular plastic tar is around €1.2/Kg;
nonetheless, biodegradable sap costs around €3.1/Kg. In this way, the
significant expense of biodegradable plastics right now restricts its
wide-scale reception. Nonetheless, attributable to government pressure and
proactive Research and development in this field, prudent biodegradable
plastics are supposed to raise a ruckus around town during the figure time
frame. Businesses with a sound capital base and great foundation are
strategically set up to take on forward coordination technique to make its own
worth chain in view of biodegradable plastics. For example, the
"green" PET jug created by PepsiCo. is 100 percent bio-based and has
indistinguishable atomic design. Biodegradable plastic containers will be
favorable for the Europe biodegradable Plastics market development.
Key Market Drivers
Growing
Demand of Biodegradable Plastics in Food and Beverage Industry
The increasing demand for
biodegradable plastics in the food and beverage industry has emerged as a
significant driver of Europe's biodegradable plastics market. Consumers are
increasingly basing their purchasing decisions on environmental considerations.
Biodegradable packaging appeals to environmentally conscious consumers who aim
to minimize their ecological footprint. European regulations are becoming more
stringent concerning single-use plastics and packaging waste. The European
Union's Single-Use Plastics Directive aims to substantially reduce the use of
certain single-use plastics, creating a favorable environment for the adoption
of biodegradable alternatives. Major retailers and food chains are committing
to sustainable packaging solutions as part of their corporate social
responsibility initiatives. This puts pressure on suppliers to provide
packaging that aligns with these commitments. Advancements in biodegradable
plastics technology have enabled the development of materials that offer
comparable performance to traditional plastics. These materials maintain the
necessary properties for food safety and preservation while degrading in a more
environmentally friendly manner. Biodegradable plastics are available in
various forms, including films, bottles, trays, and utensils. This
diversification caters to the diverse packaging needs of the food and beverage
industry, ensuring that suitable options are available for various products.
The adoption of biodegradable plastics not only benefits the environment but
also positions Europe as a leader in the pursuit of innovative, responsible,
and environmentally conscious solutions for the modern world.
Increasing
Demand of Biodegradable Plastics in Agriculture Industry
Plastics have played a
crucial role in modern agriculture, offering significant advantages such as
cost-effective packaging, efficient irrigation systems, and protective
coverings. However, the extensive use of conventional plastics in agriculture
has resulted in a range of environmental issues. Biodegradable plastics
gradually degrade, reducing their contribution to plastic waste and pollution.
This aligns with the agriculture industry's growing emphasis on sustainability
and responsible resource management. Certain biodegradable plastics are engineered
to decompose into harmless substances, enriching the soil with organic matter
as they break down. This enhances soil structure, moisture retention, and
nutrient availability, ultimately enhancing crop yields. Biodegradable mulches
for soil coverings break down without leaving behind harmful microplastics,
addressing concerns about microplastic contamination in agricultural lands and
water bodies. Many biodegradable plastics are derived from renewable sources
such as starch, cellulose, and polylactic acid (PLA), reducing dependence on
fossil fuels and promoting the use of sustainable feedstocks. Biodegradable
plastics align with the principles of the circular economy, where products are
designed to be regenerative and eco-friendly. This circular approach promotes
waste reduction and resource conservation. Advancements in materials science
have led to the development of biodegradable plastics that offer the necessary
durability for agricultural applications. These innovations instill confidence
in the performance of biodegradable solutions. By cultivating the earth's
resources responsibly, the agriculture industry in Europe is sowing the seeds
of a greener, more sustainable future.
Growing
Awareness Among Customers About Adverse Effects of Conventional Plastics
The
customers in developed and emerging nations have been taught of the ill impacts
of ordinary plastics on their way of life and the climate. Thus, they request
all the more harmless to the ecosystem items, which prompts a deterioration in
the utilization of unrefined petroleum and flammable gas, that outcomes in the
decrease carbon impressions. Biodegradable plastic is a proxy for virtually all
traditional plastics utilized in a different scope of uses. These plastics
offer creative options with upgraded properties, alongside particular capacity
to decrease the emanations as well as give the very characteristics and
functionalities as that of customary plastics. The biodegradable plastics are
combined involving inexhaustible assets as well as fossil natural substances,
like cellulose ester, PLA, PHA, starch subordinates, and copolyesters (PBS,
PBAT, and so on.). Different associations are participated in getting change
the treatment of plastics, through essential preparation, correspondence,
customer mindfulness crusades, narrative movies, training, tidy up crusades,
raising business mindfulness, logical examination, pioneering advancement,
regulation, and maintainability. The key point is to teach the clients with
respect to plastic contamination, accordingly, reassuring the development of
additional practical arrangements, and strengthening of additional individuals
and business associations to make a move to stop plastic contamination. In this
manner, the transformation in buyer interest based on ecological mindfulness,
bundling accommodation, and maintainable plastic creation frameworks is
supporting the Europe biodegradable plastic market development.
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Key Market Challenges
Limited
Infrastructure for Composting and Recycling
Biodegradable plastics,
particularly those derived from organic materials such as cornstarch or
polylactic acid (PLA), necessitate specific conditions for efficient
decomposition. Industrial composting facilities offer the requisite environment
of heat, moisture, and microbial activity. Nonetheless, the widespread
availability of such facilities in Europe remains limited. Many countries lack
the necessary infrastructure to handle biodegradable plastics on a large scale,
posing challenges for proper disposal by consumers. While some biodegradable
plastics can be recycled alongside traditional plastics, the absence of
standardized recycling processes impedes their seamless integration into
existing recycling streams. The inclusion of biodegradable plastics in conventional
plastic recycling streams risks contamination, resulting in lower-quality
recycled materials and increased costs for recyclers. Achieving successful
implementation of biodegradable plastics hinges on effective education and
awareness campaigns to guide consumers in proper disposal practices.
Additionally, the establishment of collection systems is crucial to segregate
biodegradable plastics from other waste streams and direct them to appropriate
treatment facilities. However, setting up composting and recycling facilities
requires substantial investments, and the economic viability of such facilities
may raise concerns, particularly when compared to the well-established systems
for traditional plastics.
Lack in
Availability of Biodegradable Plastics
The European Union has
been at the forefront of environmental initiatives, spearheading efforts to
reduce plastic waste. Regulatory measures like the Circular Economy Action Plan
and the Single-Use Plastics Directive exemplify the commitment to promoting sustainable
plastics and curbing plastic pollution. The production of biodegradable
plastics necessitates distinct technologies and processes compared to
conventional plastics. However, limited production capacity currently leads to
supply shortages and higher costs. Biodegradable plastics are often derived
from renewable resources like cornstarch or sugarcane, but sourcing these
materials sustainably and at scale poses challenges due to competition from
other industries. Proper degradation of biodegradable plastics requires
specialized conditions, such as industrial composting facilities, which are not
widely available in Europe. Consequently, the limited disposal options hinder
the practicality of adopting biodegradable plastics. Moreover, some products labeled
as "biodegradable" may not meet the necessary standards for complete
and timely degradation, undermining consumer trust in their effectiveness. This
misinterpretation further contributes to hesitancy surrounding the adoption of
biodegradable plastics.
Key Market Trends
Growth
in Technological Advancements
Technological advancements
have yielded the emergence of new raw materials for biodegradable plastics.
These materials, derived from agricultural waste, algae, and other renewable
sources, diminish reliance on fossil fuels while upholding principles of a
circular economy. Enzyme technology innovations have resulted in the production
of biodegradable plastics that degrade more rapidly in natural environments,
addressing concerns about their persistence even under composting conditions.
Furthermore, the integration of Internet of Things (IoT) and smart packaging
technologies with biodegradable plastics not only enhances product
functionality, but also enables improved tracking and management of waste disposal.
Segmental Insights
Type Insights
In 2022, the Biodegradable Plastics market was
dominated by the Polylactic Acid (PLA) and is predicted to continue expanding
over the coming years. Polylactic Acid (PLA) is a biodegradable and compostable thermoplastic
obtained from fermentable sugar accessible in different sustainable sources,
for example, corn starch, sugarcane, wheat and custard roots. Being the least
expensive and most plentiful wellspring of sugar that anyone could hope to find
on the planet, corn is generally utilized in the creation of PLA. PLA is
regularly utilized in sacks, cases, and bundling. More noteworthy awareness
related with ecological well-being and development in the cost of
petrochemicals has additionally expanded its application in home items,
materials, electronic apparatuses, cleanliness items, and agribusiness. The
reception of PLA has likewise expanded in 3D printing attributable to its
biodegradability and effective warm and mechanical properties.
Application Insights
In 2022, the Biodegradable Plastics market was
dominated by Packaging segment and is predicted to continue expanding over the
coming years. The rising interest
for buyer merchandise, rising populace, further developing ways of life, and
expanding disposable income drive the development of the packaging section.
More prominent interest from agricultural countries, ascend in shopper
awareness, and development of online business stages offer learning experiences
for this section. The rising ecological worries and rising mindfulness with
respect to reusing and packaging garbage removal have expanded the interest for
the business. The need to limit the natural effect of bundling and take on
supportable bundling choices has urged market players to utilize biodegradable
items. They are utilized for inflexible bundling and adaptable bundling.
Unbending bundling incorporates bottles, cups, jars, creased cases, and boxes.
These proposition luster and printability alongside productive boundary and antistatic
properties.
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Regional Insights
The Germany
region has established itself as the leader in the Europe Biodegradable
Plastics Market. Germany's dominance in the European
biodegradable plastics market can be attributed to a combination of factors
that underscore the nation's unwavering dedication to sustainability,
innovation, and its advanced industrial and research capabilities. German
industries have a long-standing record of technological excellence, which has
seamlessly transitioned into the biodegradable plastics sector. The country's
engineering expertise enables the development and commercialization of
cutting-edge bioplastics that adhere to rigorous quality and performance
standards. Germany's well-established manufacturing capabilities provide a
robust foundation for scaling up biodegradable plastics production. The
country's industrial infrastructure facilitates streamlined production
processes and efficient distribution, thereby contributing to the availability
of biodegradable plastics in the market. Moreover, Germany's commitment to the
circular economy aligns seamlessly with the principles of biodegradable
plastics. The circular approach places emphasis on waste reduction, material
reuse, and recycling, which closely align with the objectives of utilizing
biodegradable plastics.
Recent
Developments
- In February 2022, Carbios and Indorama Ventures
reported their organization for bio-reused PET in France with a handling limit
assessed at 50,000 tons.
- In October 2021, VPK Group sent off the DA Alizay
industrial site, situated in the Normandy locale, into a center point for
feasible improvement in the round economy. VPK Group reports to complete the
modification of the paper machine with Valmet Oyj.
- In November 2021, Mondi contributed €20 million to
work on the supportability of its mash creation at the Frantschach factory in
Austria. This new plant hardware will make Mondi's mash creation significantly
more proficient and manageable. This will additionally assist with acquiring a
client base.
Key Market
Players
- EASTMAN CHEMICAL COMPANY
- BASF SE
- DOW INC.
- FKUR KUNSTSTOFF GmbH
- MINIMA TECHNOLOGY CO. LTD.
- SOLANYL BIOPOLYMERS INC.
- Mitsubishi Chemical Europe
GmbH
- NOVAMONT S.P.A
- Danimer Scientific Inc.
- Toray International Inc.
|
By
Type
|
By Application
|
By
Region
|
By
Region
|
- Starch-Based
- Polylactic
Acid (PLA)
- Polybutylene
Adipate Terephthalate (PBAT)
- Polybutylene
Succinate (PBS)
- Polyhydroxyalkonate
(PHA)
- Others
|
- Packaging
- Agriculture
- Consumer
Goods
- Others
|
- Germany
- United
Kingdom
- France
- Russia
- Spain
- Italy
- Rest
of Europe
|
- Saudi
Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Rest
of Middle East
|
Report
Scope:
In this report, the Europe
Biodegradable Plastics Market has been segmented into the following categories,
in addition to the industry trends which have also been detailed below:
- Europe Biodegradable
Plastics Market,
By Type:
- Starch-Based
- Polylactic
Acid (PLA)
- Polybutylene
Adipate Terephthalate (PBAT)
- Polybutylene
Succinate (PBS)
- Polyhydroxyalkonate
(PHA)
- Others
- Europe Biodegradable
Plastics Market,
By Application:
- Packaging
- Agriculture
- Consumer
Goods
- Others
- Europe Biodegradable
Plastics Market,
By Region:
- Germany
- United
Kingdom
- France
- Russia
- Spain
- Italy
- Rest of
Europe
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in
the Europe Biodegradable Plastics Market.
Available
Customizations:
Europe Biodegradable
Plastics Market report with the given market data, Tech Sci Research offers
customizations according to a company's specific needs. The following
customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
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