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Europe Bioplastics Market Size (2024 - 2029)

The Europe Bioplastics Market is projected to experience significant growth over the forecast period, driven by environmental factors and increasing demand in flexible packaging. Despite the challenges posed by cheaper alternatives, the market is expected to recover to pre-pandemic levels. Flexible packaging is anticipated to lead in terms of volume, while the electronics industry presents promising opportunities for further market expansion.

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Market Size of Europe Bioplastics Industry

Europe Bioplastics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 0.88 Million tons
Market Volume (2029) 1.70 Million tons
CAGR (2024 - 2029) 14.08 %
Market Concentration Low

Major Players

Europe Bioplastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Bioplastics Market Analysis

The Europe Bioplastics Market size is estimated at 0.88 Million tons in 2024, and is expected to reach 1.7 Million tons by 2029, growing at a CAGR of 14.08% during the forecast period (2024-2029).

Due to the COVID-19 pandemic, the market was significantly impacted in 2020. However, the market is now estimated to reach the pre-pandemic levels.

  • Over the short term, major factors driving the market studied are environmental factors encouraging a paradigm shift and growing demand for bioplastics in flexible packaging.
  • However, the availability of cheaper alternatives is likely to hinder the market's growth.
  • Flexible packaging applications are expected to dominate the market, in terms of volume, during the forecast period.
  • Growing use in the electronics industry will likely offer future market opportunities.

Europe Bioplastics Industry Segmentation

Bioplastics are materials derived from renewable biomass sources, such as corn starch, straw, woodchips, vegetable fats and oils, recycled food waste, etc. The market is segmented based on product type, application, and geography. The market is segmented by product type into bio-based biodegradables and non-biodegradables. The market is segmented by application into flexible packaging, rigid packaging, automotive and assembly operations, agriculture and horticulture, construction, textiles, electrical and electronics, and other applications. The report also covers the size and forecasts for the European bioplastics market in 6 countries across major regions. The market sizing and forecasts for each segment are based on volume (kiloton).

Product Type
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
Application
Flexible Packaging
Rigid Packaging
Automotive and Assembly Operations
Agriculture and Horticulture
Construction
Textiles
Electrical and Electronics
Other Applications
Geography
Germany
United Kingdom
Italy
France
Spain
Russia
Nordic Countries
Rest of Europe
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Europe Bioplastics Market Size Summary

The European bioplastics market is poised for significant growth, driven by increasing environmental awareness and the rising demand for sustainable packaging solutions. Bioplastics are gaining traction in flexible packaging applications due to their eco-friendly and degradable properties, making them suitable for packaging films used in food, beverages, and non-food products. The market is experiencing a resurgence post-COVID-19, with flexible packaging expected to dominate in terms of volume. The electronics industry also presents future opportunities for bioplastics adoption. However, the availability of cheaper alternatives poses a challenge to market expansion. The packaging sector remains the largest consumer of bioplastics, with growing concerns over environmental impact fueling demand.

Germany stands out as a key player in the European bioplastics market, with its robust packaging, automotive, and textile industries driving consumption. Government regulations and certifications, such as those by DIN CERTCO, have bolstered the market in Germany. The country's strong manufacturing base, particularly in automotive and textiles, contributes significantly to the demand for bioplastics. The market is characterized by fragmentation, with major players like Braskem, Novamont SpA, NatureWorks LLC, BASF SE, and Indorama Ventures Public Company Limited actively participating. Partnerships, such as the one between Carbios and Indorama Ventures for bio-recycled PET, highlight ongoing efforts to enhance bioplastics production capabilities in the region.

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Europe Bioplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Environmental Factors Encouraging a Paradigm Shift

      2. 1.1.2 Growing Demand for Bioplastics in Flexible Packaging

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Availability of Cheaper Alternatives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Bio-based Biodegradables

        1. 2.1.1.1 Starch-based

        2. 2.1.1.2 Polylactic Acid (PLA)

        3. 2.1.1.3 Polyhydroxyalkanoates (PHA)

        4. 2.1.1.4 Polyester (PBS, PBAT, and PCL)

        5. 2.1.1.5 Other Bio-based Biodegradables

      2. 2.1.2 Bio-based Non-biodegradables

        1. 2.1.2.1 Bio-polyethylene Terephthalate

        2. 2.1.2.2 Bio-polyethylene

        3. 2.1.2.3 Bio-polyamides

        4. 2.1.2.4 Bio-polytrimethylene Terephthalate

        5. 2.1.2.5 Other Bio-based Non-biodegradables

    2. 2.2 Application

      1. 2.2.1 Flexible Packaging

      2. 2.2.2 Rigid Packaging

      3. 2.2.3 Automotive and Assembly Operations

      4. 2.2.4 Agriculture and Horticulture

      5. 2.2.5 Construction

      6. 2.2.6 Textiles

      7. 2.2.7 Electrical and Electronics

      8. 2.2.8 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 Italy

      4. 2.3.4 France

      5. 2.3.5 Spain

      6. 2.3.6 Russia

      7. 2.3.7 Nordic Countries

      8. 2.3.8 Rest of Europe

Europe Bioplastics Market Size FAQs

The Europe Bioplastics Market size is expected to reach 0.88 million tons in 2024 and grow at a CAGR of 14.08% to reach 1.70 million tons by 2029.

In 2024, the Europe Bioplastics Market size is expected to reach 0.88 million tons.

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