Market Outlook
The European biodegradable plastics market is expected to rise at a CAGR of 10.65% over the projected period 2019-2027. Europe holds more than xx% of share in the global biodegradable plastics market. Stringent environmental rules imposed by the government prohibits the employment of plastics that are petroleum-based and the growing awareness concerning the environment among the population is the majorly driving the market in the region. Moreover, in Italy the use of plastic bags has been prohibited, and also countries such as Germany and Ireland, tax is levied on the usage of petroleum-based plastic bags.
Biodegradable plastics are classified based on the applications and type of plastic. The application segment includes courier and e-commerce companies, fibers, agriculture, and injection molding. The rising awareness of eco-friendly materials is projected to boost profitable growth of the market in the region over the forecast period.
Competitive Outlook
The leading players in the biodegradable plastic are Tianan Biologic Material Co. Ltd, Sigma-Aldrich (Acquisition by Merck), Plantic Technologies (Acquisition by Kuraray America, Inc,), Biome Bioplastics Limited, BASF SE, Corbion N.V. (Purac), Fkur Kunststoff Gmbh, Dow Chemical Company (Merger with Dupont), and NatureWorks Llc.
The European biodegradable plastics market is expected to rise at a CAGR of 10.65% over the projected period 2019-2027. Europe holds more than xx% of share in the global biodegradable plastics market. Stringent environmental rules imposed by the government prohibits the employment of plastics that are petroleum-based and the growing awareness concerning the environment among the population is the majorly driving the market in the region. Moreover, in Italy the use of plastic bags has been prohibited, and also countries such as Germany and Ireland, tax is levied on the usage of petroleum-based plastic bags.
Biodegradable plastics are classified based on the applications and type of plastic. The application segment includes courier and e-commerce companies, fibers, agriculture, and injection molding. The rising awareness of eco-friendly materials is projected to boost profitable growth of the market in the region over the forecast period.
Competitive Outlook
The leading players in the biodegradable plastic are Tianan Biologic Material Co. Ltd, Sigma-Aldrich (Acquisition by Merck), Plantic Technologies (Acquisition by Kuraray America, Inc,), Biome Bioplastics Limited, BASF SE, Corbion N.V. (Purac), Fkur Kunststoff Gmbh, Dow Chemical Company (Merger with Dupont), and NatureWorks Llc.
Table of Contents
1. Europe Biodegradable Plastic Market - Summary
2. Industry Outlook
3. Biodegradable Plastic Industry Outlook – By Type
4. Biodegradable Plastic Industry Outlook - By Application
5. Biodegradable Plastic Industry - Regional Outlook
6. Competitive Landscape
7. Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Biome Bioplastics Limited
- Corbion N.V. (Purac)
- Dow Chemical Company (Merger With Dupont)
- Fkur Kunststoff GmbH
- Natureworks LLC
- Plantic Technologies (Acquisition By Kuraray America, Inc,)
- Sigma-Aldrich (Acquisition By Merck)
- Tianan Biologic Material Coltd
Methodology
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