Europe Bioplastics Market Size, Share & Trends Analysis Report By Product (Biodegradable, Non-biodegradable), By Application, By Country,- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

Europe Bioplastics Market Size and Growth

The Europe bioplastics market size was exhibited at USD 5.35 billion in 2023 and is projected to hit around USD 29.21 billion by 2033, growing at a CAGR of 18.5% during the forecast period 2024 to 2033.

Europe Bioplastics Market Key Takeaways:

• Packaging dominated the market accounting for a revenue share of 62.39% in 2023.
• The automotive & transportation segment is projected to expand at the fastest CAGR from 2024 to 2033.
• Biodegradable products accounted for the largest revenue share of 52.0% in 2023.

Report Scope of Europe Bioplastics Market

Bioplastic packaging is a sustainable solution for improved and aesthetic packaging. Europe's food industry has experienced a major boom in recent years, in turn, driving the need for flexible packaging solutions. Additionally, the growing prominence of nutraceuticals and support from the European Commission to regulate the use of polymers in food packaging applications are expected to drive the growth of the bioplastics market.

Strong growth in the healthcare sector in Europe is likely to trigger the demand for pharmaceuticals, thereby positively impacting the demand for flexible packaging. This, in turn, is expected to drive the growth of the bioplastics market in the coming years. Polylactic acid is also used in medical implants in various forms such as plates, rods, pins, screws, and anchors. Europe is expected to witness significant growth owing to the increasing penetration of PLA and rising demand for bio-compatible polymers and 3D printing filament applications in the medical industry.

The market is governed by stringent regulatory standards such as EN 13432, EN 14995, EN 17033, EN 14045, ISO 18606, and ISO 17088. The European Association has established a certification system that categorizes products and packaging based on their content. Products certified under this protocol are entitled to receive an “OK biodegradable” label. In July 2022, Asahi Kasei Corporation announced that they had joined the European Bioplastics (EUBP) association. EUBP is an association of companies involved in bioplastics and aims to enhance the regulatory framework in Europe to grow the bioplastics market.

Europe Bioplastics Market By Application Insights

Packaging dominated the market accounting for a revenue share of 62.39% in 2023. In the packaging sector, bioplastics are primarily used for food and beverage packaging. Fresh food is packed in bioplastic bottles, jars, and other containers. PLA plastics offer a high-gloss finish and are preferred in making durable single-use bottles. Polylactic acid is easily biodegradable and does not emit harmful gases when burned, unlike goods made of petroleum. They will therefore likely continue to have a very high need for packaging during the projection period.

The automotive & transportation segment is projected to expand at the fastest CAGR from 2024 to 2033 due to the rising use of plastic alternatives in the booming automotive industry. Apart from being environmentally sustainable, bioplastics are also durable, UV-resistant, and lightweight. Moreover, technical advancements and high penetration of electric vehicles have increased the growth opportunity for the segment.

Europe Bioplastics Market By Product Insights

Biodegradable products accounted for the largest revenue share of 52.0% in 2023. The segment growth can be attributed to the future policy framework for biodegradable plastics, as part of the EU’s Green Deal and Circular Economy Action Plan. It has the potential to play a crucial part in enabling innovation, developing a circular bioeconomy, and attracting new investments.

The non-biodegradable segment is projected to expand at a significant CAGR during the forecast period. The segment is anticipated to develop over the forecast period owing to the increasing end-user demands, along with the growing player inclination towards sustainable products. Arkema, TORAY INDUSTRIES, INC., Braskem, and BASF SE are some of the manufacturers engaged in offering the above-mentioned products.

Country Insights

Rest of Europe was the largest consumer of bioplastics in Europe in 2023 and held a revenue share of 52.36%. This is due to continuous innovations and green initiatives in Italy, Spain, and Poland. For instance, in October 2023, Medarrch, an Italian design company launched 3D-printed bioplastic furniture using eco-materials including corn sugar, and renewable and non-petroleum derivates. 

Germany Bioplastics Market Trends

Germany held a significant revenue share in 2023 owing tothe presence of a large number of research & development and production facilities. The country is engaged in exporting bioplastics to neighboring countries. The establishment of standards for bioplastics, such as EN 13432, are favoring market growth. Furthermore, Germany is the manufacturing hub of Europe and the largest manufacturer and exporter of automobiles in the region. The demand for bioplastics in the automotive sector is fueling the country’s growth.

Europe Bioplastics Market Recent Developments

• In May 2023, BASF SE launched a coating grade ecovio 70 PS14H6 biodegradable polymer that caters to the food and beverage packaging industry, expanding its ecovio portfolio for extrusion coating. It is food-contact approved, has superior barrier properties, and offers temperature stability.
  
  
• In June 2023, Avantium N.V. and SCG Chemicals Public Company Limited (“SCGC”) collaborated to develop CO2-based polymers and scale up bioplastic production capacity to 10 million tonnes per annum.
  
  
• In April 2023, Sabic launched the first mono-material pasta packaging circular polymer to expand its Trucircle portfolio using bio-based feedstock. The sustainable material comprises 30% post-consumer recycled (PCR) content.

Some of the prominent players in the Europe bioplastics market include:

• BASF SE
• Carbios
• Biome Bioplastics
• Braskem S.A.
• Novamont S.P.A.
• Sabic
• Teijin Limited
• Toray Industries, Inc.
• Total Corbion PLA
• Avantium N.V.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the Europe bioplastics market

Product

• Biodegradable

• • Polylactic Acid
  • Starch Blends
  • Polybutylene Adipate Terephthalate (PBAT)
  • Polybutylene Succinate (PBS)
  • Others

• Non-biodegradable

• • Polyethylene
  • Polyethylene Terephthalate
  • Polyamide
  • Polytrimethylene Terephthalate
  • Others

Application

• Packaging
• Agriculture
• Consumer goods
• Textile
• Automotive & Transportation
• Building & Construction
• Others

Country

• Europe

• • Germany
  • U.K.
  • France
  • Rest of Europe