Europe Sustainable Biopolymers Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Bio-Based Polyethylene, Bio-Based Polypropylene, Polylactic Acid, Polyhydroxyalkanoates, Bio-based Polyethylene Terephthalate, and Others), By Application (Packaging, Agriculture & Horticulture, Textiles, Automotive, Electronics, and Others), and Europe Sustainable Biopolymers Market Insights, Industry Trend, Forecasts to 2033.

Europe Sustainable Biopolymers Market Insights Forecasts to 2033

• The Europe Sustainable Biopolymers Market Size was valued at USD 1.98 Billion in 2023.
• The Market is Growing at a CAGR of 8.08% from 2023 to 2033
• The Europe Sustainable Biopolymers Market Size is Expected to Reach USD 4.305 Billion by 2033

The Europe Sustainable Biopolymers Market is Anticipated to Reach USD 4.305 Billion by 2033, growing at a CAGR of 8.08% from 2023 to 2033.

Market Overview

The Europe sustainable biopolymers market is the sector focused on the production and utilization of biopolymers from renewable resources that are designed to be environmentally friendly alternatives to traditional petrochemical-based polymers. These biopolymers are used in various industries such as packaging, automotive, agriculture, and textiles to reduce dependence on fossil fuels and minimize environmental impact. Growing demand for green materials is stimulating the growth of the European market due to environmental issues and increased demands from consumers who now prefer environmentally friendly products. Many governments have shown initiative and proactivity toward embracing sustainable alternatives. Projects undertaken, such as the European Green Deal and Circular Economy Action Plan, are likely to reduce the waste of plastic materials, advance recycling, and support the incorporation of renewable resource materials. Several national governments in that region have agreed on banning one-time-use plastic materials and inciting the production of bioplastic, resulting in a quite encouraging environment for the biopolymer market. The European Union is funding research and programs to accelerate sustainable materials innovation, aiming to boost demand and expand the biopolymer market in the region.

Report Coverage

This research report categorizes the market for the Europe sustainable biopolymers market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe sustainable biopolymers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe sustainable biopolymers market.

Driving Factors

The Europe sustainable biopolymers market is expanding due to environmental concerns, government regulations, and technological advancements. Government bans on single-use plastics and incentives for eco-friendly materials support the shift to biopolymers. The European Green Deal and Circular Economy Action Plan promote renewable resources, creating a favorable environment for biopolymer adoption. Advancements in technology and production innovations improve product quality, reduce costs, and expand applications across industries like packaging, automotive, and textiles.

Restraining Factors

Biopolymers face barriers to market expansion due to high production costs, limited scalability, lack of standardized regulations, and competition from alternative materials like recycled plastics, making them less affordable and challenging for long-term sustainability.

Market Segmentation

The Europe sustainable biopolymers market share is classified into material type and application.

• The bio-based polyethylene segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Europe sustainable biopolymers market is segmented by material type into bio-based polyethylene, bio-based polypropylene, polylactic acid, polyhydroxyalkanoates, bio-based polyethylene terephthalate, and others. Among these, the bio-based polyethylene segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The demand for biodegradable and recyclable products in packaging and industries is increasing. Bio-based polyethylene, produced from ethanol fermented from biomass feedstocks, offers biodegradability without compromising the processability and durability of traditional polyethylene.

• The packaging segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the Europe sustainable biopolymers market is divided into packaging, agriculture & horticulture, textiles, automotive, electronics, and others. Among these, the packaging segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The packaging industry in Europe is experiencing growth due to e-commerce and demand for convenient solutions. Traditional plastic packaging contributes to pollution, prompting manufacturers to adopt bio-based polyethylene as an eco-friendly alternative. This degrades quickly under industrial composting, attracting brand owners and consumers.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe sustainable biopolymers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, the biopolymers portfolio of BASF, a leading chemical production company in the world, has been expanded with the launch of biomass-balanced ecoflex (PBAT). This cutting-edge product offers an eco-friendly substitute for a range of applications, marking a substantial advancement in sustainable materials.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe sustainable biopolymers market based on the below-mentioned segments:

Europe Sustainable Biopolymers Market, By Material Type

• Bio-Based Polyethylene
• Bio-Based Polypropylene
• Polylactic Acid
• Polyhydroxyalkanoates
• Bio-based Polyethylene Terephthalate
• Others

Europe Sustainable Biopolymers Market, By Application

• Packaging
• Agriculture & Horticulture
• Textiles
• Automotive
• Electronics
• Others