Europe Bioplastics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by Product Type (Bio-based Biodegradables and Bio-based Non-biodegradables), Application (Flexible Packaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, and Other Applications), and Geography (Germany, United Kingdom, Italy, France, Spain, Russia, Nordic Countries, and Rest of Europe). The report offers market size and forecasts for European Bioplastics Market in volume (kilo tons) for all the above segments.

Market Snapshot

Europe Bioplastics Market - Market Summary
Study Period: 2016-2026
Base Year: 2020
CAGR: >13 %

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Market Overview

The Europe Bioplastics Market was valued at around 500 kilotons in 2020 and the market is projected to register a CAGR of over 13% during the forecast period (2021-2026).

Due to the COVID-19 impact, the market has been significantly impacted in 2020. Amid the lockdown situation, the demand for flexible packaging has increased, which accounted for more than 45% of bioplastics, owing to the rise in demand for personal and healthcare products, pharmaceuticals, and packed food and beverages. However, the halt in the automotive, construction and electronics industries has reduced the demand for bioplastics for quite a long period.

  • 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 growth of the market studied.
  • Flexible packaging application is expected to dominate the global market, in terms of volume, during the forecast period.
  • Substitutes for petroleum-based plastics and government regulations on traditional plastic products are likely to act as opportunities in the future.

Scope of the report

Bioplastics are the plastic materials that are 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. By product type, the market is segmented by Bio-based Biodegradables and Bio-based Non-biodegradables. By application, the market is segmented by Flexible Packaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, and Other Applications. The report also covers the market size and forecasts for the European bioplastics market in 7 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

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-ployamides
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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Key Market Trends

Flexible Packaging is Expected to Dominate the Market

  • Bioplastics are used in flexible packaging, as they are not harmful to nature, and few are easily degradable as well.
  • They are used in packaging films for food items, medicines, beverage bottles, packaging films, and packaging of non-food products, such as napkins and tissues, toilet paper, nappies, sanitary towels, cardboard and coat paper for food wrapping paper, and coated cardboards to make cups and plates. Moreover, they are used in flexible and loose-fill packaging.
  • Moreover, polylactic acid (PLA) is used majorly in the packaging of food items, while bio-polyethylene terephthalate (PET), bio-polyethylene, and bio-polypropylene are majorly used as packaging films.
  • The consumption of bioplastics is increasing in making plastic bags, as they are nature-friendly, and for organic waste collection bags, which are majorly used in hospitals, hotels and restaurants, commercial and retail outlets, and houses. Local governments of different countries have also initiated their usage.
  • The usage of bioplastics is the highest in the packaging sector, which is increasing due to the growing environmental concerns across the world.
  • Accordig to Mordor Intelligence Analysis, the plastic packaging market in Europe is expected to reach around USD 110 billion in 2026 registering a CAGR of over 4% during the period 2021 - 2026.
  • Owing to all the aforementioned factors, the market is projected to grow at a significant rate during the forecast period.
Europe Bioplastics Market - Segmentation Trend

Germany to Dominate the Market

  • Germany is one of the major economies in Europe and the bioplastics consumption market has increased at the fastest rate in the country.
  • The German economy is the largest in Europe and the fifth-largest in the world. The country is in plans to stop the further downfall of the economy due to the COVID-19 impact by announcing availability funds (of over USD 600 billion) to ensure growth and smooth functioning in various public sectors in the near future.
  • The packaging industry in Germany is among the major consumers of bioplastics in Europe, and regulations by the Government have driven the market. Germany is one of the first countries to provide certification of biodegradable plastics by DIN CERTCO.
  • Germany leads the European automotive market, with 41 assembly and engine production plants that contribute to one-third of the total automobile production in Europe. Germany, which is one of the leading manufacturing bases of the automotive industry, is home to manufacturers from different segments, such as equipment manufacturers, material and component suppliers, engine producers, and whole system integrators.
  • According to the OICA, the total number of automobiles produced in Germany was accounted for about 4.95 million units in 2019 and reached 3.74 million units in 2020, with a decline rate of 24.4%. The country has been witnessing this decline in automotive production over the past few years.
  • The textile industry of Germany is the largest in the European region, with around 6,000 registered companies. The country is the prominent importer of textile raw material and exporter of finished textile products. The industry has grown to a gigantic stature, as it caters to around 18% of the textile market in Europe, and the technical textiles from Germany, cater to the world demands of around 45%.
  • All the abovementioned factors, in turn, are projected to show significant impact on the market growth in the coming years.
Europe Bioplastics Market - Regional Trend

Competitive Landscape

The European bioplastics market is fragmented in nature. Some of the key players in the market include Braskem, Novamont SpA, NatureWorks LLC, BASF SE, and Mitsubishi Chemical Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Environmental Factors Encouraging a Paradigm Shift

      2. 4.1.2 Growing Demand for Bioplastics in Flexible Packaging

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheaper Alternatives

      2. 4.2.2 Impact of COVID-19

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Bio-based Biodegradables

        1. 5.1.1.1 Starch Based

        2. 5.1.1.2 Polylactic Acid (PLA)

        3. 5.1.1.3 Polyhydroxyalkanoates (PHA)

        4. 5.1.1.4 Polyester (PBS, PBAT, and PCL)

        5. 5.1.1.5 Other Bio-based Biodegradables

      2. 5.1.2 Bio-based Non-Biodegradables

        1. 5.1.2.1 Bio-polyethylene Terephthalate

        2. 5.1.2.2 Bio-polyethylene

        3. 5.1.2.3 Bio-ployamides

        4. 5.1.2.4 Bio-polytrimethylene Terephthalate

        5. 5.1.2.5 Other Bio-based Non-biodegradables

    2. 5.2 Application

      1. 5.2.1 Flexible Packaging

      2. 5.2.2 Rigid Packaging

      3. 5.2.3 Automotive and Assembly Operations

      4. 5.2.4 Agriculture and Horticulture

      5. 5.2.5 Construction

      6. 5.2.6 Textiles

      7. 5.2.7 Electrical and Electronics

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 Italy

      4. 5.3.4 France

      5. 5.3.5 Spain

      6. 5.3.6 Russia

      7. 5.3.7 Nordic Countries

      8. 5.3.8 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema

      2. 6.4.2 BASF SE

      3. 6.4.3 Braskem

      4. 6.4.4 Corbion

      5. 6.4.5 Dow

      6. 6.4.6 Futerro

      7. 6.4.7 KANEKA CORPORATION

      8. 6.4.8 Danimer Scientific

      9. 6.4.9 Mitsubishi chemical Corporation

      10. 6.4.10 Natureworks LLC

      11. 6.4.11 Maccaferri Industrial Group

      12. 6.4.12 Solvay

      13. 6.4.13 TORAY INTERNATIONAL INC.

      14. 6.4.14 Trinseo

      15. 6.4.15 Novamont SpA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Europe Bioplastics Market market is studied from 2016 - 2026.

The Europe Bioplastics Market is growing at a CAGR of >13% over the next 5 years.

NatureWorks LLC, Novamont S.p.A., Braskem, BASF SE, Mitsubishi Chemical Corporation are the major companies operating in Europe Bioplastics Market.

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