The European bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased acceptance of bioplastics across various end-user industries. Bioplastics are made of renewable raw materials including starch and cellulose. In addition, these bioplastics can be easily decomposed into inorganic compounds, CO2, methane, and water, by the enzymatic action of microorganisms, causing no harm to the environment. Besides, as per the European Bioplastics.org, a majority of goods are being packaged in single-use plastics that impacts the environment on a large scale. Thus, the government is increasingly coming up with initiatives that eliminate the use of single-use plastics and promote the use of bioplastics for packaging. ?
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The European biosimilar market is segmented on the basis of type, packaging type, and end-user industry. Based on the type, the market has been segmented as biodegradable plastics and non- biodegradable plastics. The biodegradable plastics segment is further sectioned as starch-based, polylactic acid (PLA), polyhydroxyalkanoates (PHA), polyester, and cellulose derivatives. The non-biodegradable plastics segment is further sectioned as bio-polyethylene terephthalate (PET), bio-polyethylene, bio-polyamides, bio-poly trimethylene terephthalate, and other non-biodegradable plastics. Based on the packaging type, the market is segmented as rigid packaging and flexible packaging. Based on the end-user industry, the market is segmented as food & beverage, pharmaceutical, personal care, and others.
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Geographically, the European bioplastic packaging market is analyzed into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The UK is estimated to grow significantly during the forecast period. Further, BASE SE, The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., Corbion N.V.?, Mondi PLC?, among others are some of the prominent players operating in the European bioplastic packaging market.
Market Segmentation
Europe Bioplastic Packaging Market by Type
Biodegradable Plastics
• Starch-based
• Polylactic Acid (PLA)
• Polyhydroxyalkanoates (PHA)
• Polyester
• Cellulose Derivatives
Non-biodegradable Plastics
• Bio-polyethylene Terephthalate (PET)
• Bio-Polyethylene
• Bio-Polyamides
• Bio-Polytrimethylene Terephthalate
• Other Non-biodegradable Plastics
Europe Bioplastic Packaging Market by Packaging Type
• Rigid Packaging
• Flexible Packaging
Europe Bioplastic Packaging Market by End-User Industry
• Food & Beverage
• Pharmaceutical
• Personal Care
• Others
Regional Analysis
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Company Profiles
Arkema S.A.
• Overview
• Arkema SA in Bioplastic Packaging Landscape
• Recent Developments
• BASF SE
• Biome Bioplastics Ltd.
• Braskem S.A.
• Corbion N.V.
• CornWare UK Ltd.
• Eastman Chemical Co.
• FKuR Polymers GmbH
• Koninklijke DSM N.V.
• Mondi PLC
• NovamontSpA
• Stora Enso
• Tetra Pak International SA
• The Dow Chemical Co.
• Toray Industries Inc.
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