Market Insights
Biodegradable polymers are a class of polymers that can be broken down by microorganisms into natural byproducts such as water, carbon dioxide, and biomass. They are often used in medical applications, packaging, and other products where it is desirable to have a material that will eventually decompose. Bio-degradable polymers are produced both naturally and synthetically, mostly consisting of different functional groups such as ester, amide, and other functional groups. These polymers are also increasingly used for various applications due to their low or no carbon footprint.
The COVID-19 pandemic had a significant impact on the European market for biodegradable polymers. On the one hand, the increased demand for single-use plastics, such as face masks and gloves, led to a surge in demand for biodegradable polymers. On the other hand, the pandemic also disrupted the supply chain for biodegradable polymers, which caused prices to increase. Overall, the impact of COVID-19 on the European market for biodegradable polymers was mixed. In the short term, the pandemic led to an increase in demand and prices. However, in the long-term scenario, the pandemic has also led to increased investment in the development and production of biodegradable polymers as businesses and governments look for more sustainable alternatives to traditional plastics.
The European market for biodegradable polymers could not escape from such trends and witnessed a colossal decline amid the pandemic, quite aligned with the decline in demand for consumer goods as people stayed home during the pandemic. However, the industry gradually rebounded in 2021 with the ramp-up in consumer confidence. Furthermore, increased use of single-use plastics as people become more reliant on online shopping and delivery services is likely to give impetus to the demand for biodegradable polymers. Overall, the European market for biodegradable polymers is likely to rebound at a promising CAGR of 14.6% in the long run to reach US$ 845 million in 2028.
Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Type Analysis
|
PLA, Starch, PBS, and PHA
|
The PLA segment is expected to be the largest contributor to the market during the forecast period.
|
|
Substrate Analysis
|
Paper & Paperboard, and Cellulose Films
|
The paper and paperboard segment is expected to be the largest contributor to the market during the forecast period.
|
|
Application Analysis
|
Rigid Packaging, Flexible Packaging, and Liquid Packaging
|
The flexible packaging application is expected to be the fastest growing application in the market during the forecast period.
|
|
Country Analysis
|
Germany, France, The UK, Russia, and The Rest of Europe
|
Germany is expected to be the largest contributor to the market during the forecast period.
|
Based on the Type
The Europe biodegradable polymers market is segmented into PLA, Starch, PBS, and PHA. The PLA segment is expected to be the largest contributor to the Europe biodegradable polymers market during the forecast period, as PLA can be used to make a variety of products, including food packaging, disposable tableware, and compostable films. This versatility makes PLA a popular choice for manufacturers, who can use it to create products that meet the needs of a variety of customers.
Substrate Type
The market is segmented into paper & paperboard and cellulose films. Paper & paperboard segment is expected to be the largest contributor to the Europe biodegradable polymers market during the forecast period as paper & paperboard are relatively easy to modify with biodegradable polymers. This means that manufacturers can easily create biodegradable versions of existing paper and paperboard products, such as bags, cartons, and cups.
Application Type
The flexible packaging application is expected to be the fastest growing application of the Europe biodegradable polymers market during the forecast period, as there is a growing demand for sustainable packaging options from consumers and businesses. This is being driven by several factors, including increasing awareness of the environmental impact of plastic pollution. As a result, there is a growing demand for biodegradable flexible packaging solutions.
Country Analysis
Germany is expected to be the largest contributor to the Europe biodegradable polymers market during the forecast period as Germany has several government regulations that promote the use of biodegradable polymers. For example, the German government has set a target of using 65% recycled or compostable plastics in packaging by 2025.
The Europe biodegradable polymers market is segmented into the following categories:
By Type
- PLA (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Starch (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- PBS (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- PHA (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
By Substrate Type
- Paper and Paperboard (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Cellulose Films (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
By Application Type
- Rigid Packaging (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Flexible Packaging (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Liquid Packaging (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
By Country
- Germany
- France
- The UK
- Russia
- Rest of Europe
Key Players
The following are the key players in the Europe biodegradable polymers market:
- BASF SE
- Bio-On
- Biome Bioplastics
- Biotech
- Mitsubishi Chemical Holdings Corporation
- NatureWorks LLC
- Novamont S.P. A.
- Plantic Technologies
- Toray Industries
- Total Corbion
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Europe biodegradable polymers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
