The Europe Biopolymer Market was valued at 1.2 billion USD in 2022. The market is expected to grow at a CAGR of 18.2% over the forecast period to reach a valuation of 3.4 billion USD by 2028.
Biopolymers are simply polymers that are derived from living organisms and are fully biodegradable. some common examples of biopolymers are proteins, carbohydrates, DNA, RNA, lipids, nucleic acids, and peptides. since they are made up of living beings, they are entirely carbon neutral and can be quickly recycled or reused. biopolymers do not cause carbon dioxide pollution because they absorb CO2 instead of being released into the atmosphere. there are different types of biopolymers-sugar based biopolymers; namely, cellulose-derived biopolymers, synthetic-based biopolymers, and organic polymers.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
18.2% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Novamont (Italy), Basf (Germany), Total carbon pla (Netherlands) Biome bioplastics (UK), Bio-on (Italy), Nurel biopolymers, Danimer Scientific, Hppe llc, Ecovia Renewables inc, Specialty biopolymers corp, Sanstar biopolymers ltd. |
Biodegradable
Non-biodegradable
Non-biodegradable bioplastics are expected to be the most significant and fastest-growing form of biopolymers in the forecast period. increasing demand in the packaging industry has led to a growing preference for the use of non-biodegradable bioplastics. bio-pet is the largest category of non-biodegradable bioplastics and biopolymers. the low cost and easy production process of the bio-pet make it the most widely used form. On the basis of the End-use Industry, the market is separated into agriculture, textiles, automotive, consumer goods, and packaging.
Packaging is the largest and fastest-growing end-use biopolymers market. a variety of vertical sectors, including food & beverage, have welcomed the need for sustainable solutions. also, advanced industrial & manufacturing technologies have allowed food & beverage companies to integrate bioplastics into the packaging. The demand for packaging from organic food packaging as well as for premium and branded products is on the rise. the demand for packaging materials made from natural and organic polymers derived from biomass sources such as fats, oils, starch, and microbiota pushes the end-use packaging industry to the market.
Europe is the largest market for biopolymers and one of the largest producers of plastics. it is leading the end-use packaging industry, which dominates the market for bioplastics and biopolymers. These factors are responsible for the development of bio-based plastics through collaborative work, which, in effect, is expected to change the European industry. political and economic conditions have also driven the market penetration of biopolymers. The EU Commission focused on the lead markets initiative, which identified bioplastics as one of the most important potential markets. Europe thus becomes one of the major consumers of bioplastics and biopolymers.
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