Europe Sustainable Biopolymers Market, By Material Type, By Application

The Europe sustainable biopolymers market is estimated to be valued at USD 2.10 Bn in 2024 and is expected to reach USD 3.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

Figure. Europe Sustainable Biopolymers Market Share (%), by material type 2024

The Europe sustainable biopolymers market has been gaining significant traction in recent years, owing to stringent environmental regulations regarding the use of conventional plastics and growing consumer preference for eco-friendly products. Biopolymers are developed from renewable plant-based sources such as corn starch, sugarcane, and vegetable oils using environment-friendly processes. They help reduce dependence on fossil fuels and lower the carbon footprint. Moreover, biopolymers exhibit comparable properties to conventional plastics and can be used in various applications like packaging, consumer goods, textiles, and automotive. The Europe market is anticipated to witness lucrative growth due to favorable government initiatives and increasing adoption of biopolymers across different end-use industries in the region.

Market Dynamics:

Growing environmental concerns about plastic waste and stringent regulations restricting single-use plastics have been driving the adoption of sustainable biopolymers in Europe. Moreover, favorable government policies supporting bio-economy are also promoting research & development activities. However, high initial costs of setting up production facilities and volatile raw material prices remain key challenges. Ongoing advancements in production technologies and expansion of application sectors are expected to create new opportunities for market players.

Key Features of the Study:

• This report provides in-depth analysis of the Europe sustainable biopolymers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Europe sustainable biopolymers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, Novamont S.p.A., Corbion, Biomer, Mitsubishi Chemical Corporation, Braskem, Solvay SA, Stora Enso, Natureplast, FKuR Kunststoff GmbH, Plantic Technologies, Danimer Scientific, Biotec GmbH & Co. KG, Linotech GmbH & Co. KG, and Kaneka Belgium N.V.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Europe sustainable biopolymers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Europe sustainable biopolymers market

Detailed Segmentation-

• By Material Type Insights (Revenue, USD Bn, 2019 - 2031)
  • Bio-based Polyethylene
  • Bio-based Polypropylene (Bio-PP)
  • Polylactic Acid (PLA)
  • Polyhydroxyalkanoates (PHA)
  • Bio-based Polyethylene Terephthalate (Bio-PET)
  • Others
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Packaging
  • Agriculture & Horticulture
  • Textiles
  • Automotive
  • Electronics
  • Others
• Key Players Insights
  • BASF SE
  • Novamont S.p.A.
  • Corbion
  • Biomer
  • Mitsubishi Chemical Corporation
  • Braskem
  • Solvay SA
  • Stora Enso
  • Natureplast
  • FKuR Kunststoff GmbH
  • Plantic Technologies
  • Danimer Scientific
  • Biotec GmbH & Co. KG
  • Linotech GmbH & Co. KG
  • Kaneka Belgium N.V.