Polymers and plastics are generally used in packaging and coating applications. Around 80 – 85% of polymeric materials are obtained from the petroleum segment. The rising employment of plastics is putting stress on the environment with its mounting carbon footprint due to greenhouse gas production, along with other aspects like soil and water pollution. Hence, the increasing requirement for eco-friendly substitutes is rising. The escalating stress towards sustainable development is estimated to make a prospect for bio-based polymers and plastics in the coming few years. Governments are supporting and encouraging the use of biodegradable polymers over traditional polymers to reduce carbon footprint. The packaging is the most prominent and quickest developing end-use of biopolymers market. The Europe biopolymer market was worth USD 1.2 billion in 2020 and is estimated to rise at a compound annual growth rate of 18.2% in the foreseen period to reach USD 3.4 billion by the year 2025.
On October 18, 2016 – Natur-Tec, a business unit of Northern Technologies International Corporation and NatureWorks launched a jointly advanced technology platform that reduces the price of compostable serviceware while escalating its performance.
Market drivers and restraints:
Partial accessibility of petroleum resources, changeability in crude oil costs, and rising awareness towards ecological problems are significant aspects driving the growth of the European biopolymers market. Changing environmental rules on carbon emissions and political conditions and the restrictions on the use of plastic are also estimated to drive the Europe biopolymers market in the coming few years. Apart from being a recessed market, the local business is predicted to experience the considerable expansion rate in the coming years. Moreover, raw materials required in the production of biopolymers are obtained from agricultural wastes, reducing stress on the environment.
To know more, click on the link below:
Report segmented as:
• biodegradable polyester
• regenerated cellulose
• bio polyethylene (Bio-PE)
• biodegradable starch blends
• polyhydroxyalkanoate (PHA)
• bio-polyethylene terephthalate (Bio-PET)
• polylactic acid (PLA)
• other material types
• consumer products
• other applications
Europe is anticipated to be the key customer of the biopolymers market. Attributing to the strict rules and regulations, which are implemented in this region, it is projected that Europe will remain the dominant market in the coming years.
Important market players:
Some of the most significant market players in the Europe biopolymers market include BASF SE, NatureWorks LLC, Danimer Scientific, Novamont SpA, Galatea Bio Tech, Total Corbion, and Plantic Technologies Ltd., among others.
View a sample and decide:
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast