Packaging Segment to dominate the Europe Bioplastics and Biopolymers Market through 2028
Rising awareness and increasing demand for bioplastics and biopolymers is driving the Europe Bioplastics & Biopolymers Market in the forecast period, 2024-2028.
According to TechSci Research
report, “Europe Bioplastics &
Biopolymers Market – By Country, Competition Forecast and
Opportunities, 2018-2028,”
Europe
Bioplastics & Biopolymers market is anticipated to observe impressive
growth during the forecast period, 2024-2028. The physical
characteristics of bio-based or partially bio-based materials, like bio-based
PE or PET, are identical to those of their conventional counterparts.
Additionally, these materials are mechanically recyclable in the current
recycling streams, which has the added benefit of reducing a product's carbon
footprint. The industry for bioplastics and biopolymers has created a variety
of innovative technical and material solutions. Numerous bio-based polymers
provide cutting-edge material characteristics for better performance, including
enhanced optical properties, increased material strength, increased
breathability, and lower thickness. Innovative polymers like PLA, PHA, or
bio-based PBS offer novel options by being biodegradable. Other contemporary
material, such as polyethylene furanoate (PEF), which is made entirely of
biomaterials, is readily mechanically recyclable and has better barrier
properties than comparable conventional polymers. However, the high cost associated with the production
services, lack of awareness among masses, and limited market coverage may hamper the growth of
the market in the forecast period.
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The Europe
Bioplastics & Biopolymers market is segmented into Type, and End-Use
Industry, Country and Company
Based on type,
the market is divided into Non-Biodegradable and Biodegradable. Biodegradable
plastics separate quicker when they are disposed of and are retained once more
into the normal framework. Likewise, the pace of decay of biodegradable
plastics by microorganisms is a lot quicker than that of customary plastics.
Based on End-Use
Industry, the market is divided into Packaging, Consumer Goods, Agriculture
& Horticulture, Textile, Automotive & Transportation and Others. Expanding
environmental regulations and changes in consumer lifestyles have increased
interest in bioplastics and biopolymers in the packaging industry. Due to their
excellent strength and water resistance, plastics have been widely used in
packaging. Food packaging, medical services packaging, corrective and personal
care packaging, shopping bags, and other packaging applications all use
bioplastics and biopolymers.
Major
companies operating in Europe Bioplastics & Biopolymers market are:
- 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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“Bioplastics & Biopolymers are used more frequently
for product packaging. It has been noted that numerous organizations in Europe have
taken steps to incorporate sustainable packaging options. To lessen plastic's
influence on the environment, recycling and biodegradation are becoming more
and more important. Packaging made from bioplastics and biopolymers enables
sustainability while providing the required durability and strength,
which is expected to contribute to the market growth through 2028” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Europe Bioplastics & Biopolymers Market By
Type (Non-Biodegradable vs Biodegradable), By End-Use Industry (Packaging,
Consumer Goods, Agriculture & Horticulture, Textile, Automotive &
Transportation and Others), By Country, Competition Forecast
& Opportunities, 2028,” has evaluated the future
growth potential of Europe Bioplastics & Biopolymers Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Europe Bioplastics & Biopolymers Market.
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