Europe
Bioplastics & Biopolymers market is anticipated to observe impressive
growth during the forecast period, 2024-2028. Bioplastics are made from
bio-based materials such as sugar, seaweed, or starch. Biopolymers, on the
other hand, are a broad class of materials that include bioplastics as well as
natural polymers like silk, chitosan, and wool. Bioplastics and biopolymers
have a wide range of functionalities that are tailored to each application.
They may be transformed using normal plastic processing procedures into a wide
range of commodities. For most instances, it is sufficient to simply adapt the
processing equipment's process parameters to each polymer's specific needs. According
to the European Bioplastics Association, global bioplastics production
capacities are set to increase from around 2.23 million tonnes in 2022 to
approximately 6.3 million tonnes in 2027.
Additionally,
bio-based plastics are superior to traditional plastics in that they lessen
dependency on finite fossil resources while simultaneously reducing greenhouse
gas emissions by substituting plant-based materials for fossil-based ones. According
to the EuropaBio Association, the European bioplastics industry accounted for
around 23,000 jobs in Europe, but this number could increase more than tenfold
by 2030, with up to 300,000 high-skilled jobs in the European bioplastics
sector. Depending on the feedstock, the product, and the application, some
life cycle evaluations demonstrate that bio-based plastics offer large CO2
savings compared to conventional plastics. Because of this, bio-based plastics
can support the European Union (EU) in lowering greenhouse gas emissions and
achieving its zero-net emissions goal by 2030.
Furthermore,
plastics made from bio-based or partially bio-based materials, like bio-based
PE or PET, exhibit the same physical characteristics as their conventional
counterparts and, in addition to being mechanically recyclable in current
recycling streams, have the added advantage of lowering a product's carbon
footprint. The bioplastics and biopolymers sector has developed a wide range of
cutting-edge technical and material solutions. Numerous bio-based polymers
offer novel material features for improved performance, such as improved
optical qualities, greater material strength, increased breathability, and
decreased thickness. By being biodegradable in specific settings, cutting-edge polymers
like PLA, PHA, or bio-based PBS offer new end-of-life alternatives. Other
modern materials, including 100% biobased polyethylene furanoate (PEF), are
easily mechanically recyclable and have superior barrier qualities to
equivalent conventional polymers.
Development
of Advanced Materials
The
main driver that is stimulating the growth of bio-based, biodegradable plastics
is the development of biopolymers such as PLA (polylactic acid) and PHAs
(polyhydroxyalkanoates). These polymers and plastics are completely biobased
and biodegradable and exhibit exceptional physical and mechanical properties
depending on their chemical composition. As per European Bioplastics
Association, the production capacities of PLA are also predicted to double by
2023 compared to 2018, therefore, increasing the demand for the overall
bioplastics & biopolymers market. Furthermore, it is anticipated that
bio-based PP will enter the market at a commercial scale with a strong growth
potential due to the widespread application of PP in a variety of sectors.
Increasing
Awareness Regarding Sustainability Among Consumers
Plastic
pollution is a significant threat to the natural ecosystem owing to its
toxicity and the damage it causes to the animal, aquatic, and plant species.
The majority of plastics produced are derived from fossil fuel feedstocks,
which emit harmful greenhouse gases (GHG), causing global temperatures to rise.
According to United Nations (UN), GHG emissions from plastics could reach
about 13% of the entire remaining carbon budget by 2050. Moreover, according to
the World Wide Fund, an average person could be ingesting approximately 5 grams
of plastic every week, effects human health causing cancer or changing
hormone activity, which can lead to
reproductive issues and cognitive impairment. As a result, the use of alternatives such as bioplastics and
biopolymers are being promoted to reduce reliance on fossil resources while
improving a product's carbon footprint.
Recent
Developments
- Recently,
the use of independent and internationally respected labels to mark bioplastic
and biopolymer products has become important for consumers to receive
transparent and correct information in the European Union (EU). For instance,
the substantiation of bio-based claims should conform to the EU standards EN
16640 and/or EN 16785. Those standards specify the calculation method for
determining the bio-based (carbon) content in monomers, polymers, and plastic
materials and products based on the C14 content measurement or C14 method and elemental
analysis, respectively. Furthermore, biodegradable products certified according
to the standards EN 13432 and EN 14995 can be called (industrially) compostable.
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Market Segmentation
Europe
Bioplastics & Biopolymers market is segmented into Type, End-Use Industry,
Country and Company. Based
on type, the market is divided into Non-Biodegradable and
Biodegradable. Based
on End-Use Industry, the market is divided into Packaging, Consumer Goods,
Agriculture & Horticulture, Textile, Automotive & Transportation and
Others.
Market Players
BASF SE, Novamont S.p.A., Total
Carbon Pla, Biome Bioplastics Limited, Ecovia Renewables Inc., Bio-on S.p.A., Nurel
Biopolymers, HPPE LLC, Specialty Biopolymers Corporation, Meredian Holdings
Group Inc. are
some of the leading companies operating in the market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends
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Segments covered
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By Type
By End-Use Industry
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Country scope
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France, Germany, United Kingdom, Italy, Spain, Finland, Belgium,
Portugal, Denmark, and Netherlands
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Key companies profiled
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BASF SE, Novamont S.p.A., Total Carbon
Pla, Biome Bioplastics Limited, Ecovia Renewables Inc., Bio-on S.p.A., Nurel
Biopolymers, HPPE LLC, Specialty Biopolymers Corporation, Meredian Holdings
Group Inc.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Europe Bioplastics
& Biopolymers market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
Europe Bioplastics &
Biopolymers Market, By Type:
o Non-Biodegradable
o Biodegradable
·
Europe Bioplastics &
Biopolymers Market, By End-Use Industry:
o
Packaging
o
Consumer
Goods
o
Agriculture
& Horticulture
o
Textile,
o
Automotive
& Transportation
o
Others
·
Europe Bioplastics &
Biopolymers Market, By Country:
o
France
o
Germany
o
United
Kingdom
o
Italy
o
Spain
o
Finland
o
Belgium
o
Portugal
o
Denmark
o
Netherlands
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Europe Bioplastics & Biopolymers market
Available Customizations:
With the given market data, TechSci
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).
Europe Bioplastics & Biopolymers Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]