by Europe Sustainable Biopolymers Market is estimated to be valued at US$ 2.10 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031. Biopolymers are polymers produced from renewable biomass sources like vegetable oils and fats, corn starch or microorganisms. Unlike synthetic polymers derived from petroleum resources, biopolymers are biodegradable owing to their renewable, plant-based sources. They have applications across packaging, consumer goods, agriculture, automotive and medical sectors due to their properties like biodegradability and renewability. Growing environmental concerns and stringent regulations regarding use of plastics have boosted demand for sustainable alternatives like bioplastics.
The Global Europe Sustainable Biopolymers Market is driven by rising preferences for environment-friendly products from consumers and industrial players alike. Key players operating in the Europe Sustainable Biopolymers are 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, and Kaneka Belgium N.V.
Key players operating in the Europe Sustainable Biopolymers are focusing on expanding their production capacities and product portfolios to leverage the market opportunity. Europe Sustainable Biopolymers Market Demand BASF recently doubled its production capacity for ecoflex polybutylene succinate biopolymers to meet the heightened demand from the packaging and consumer goods industries.
Secondly, the growing demand for environment-friendly alternatives to synthetic plastics from end-use industries like packaging, agriculture and consumer goods is expected to drive the Europe Sustainable Biopolymers market over the forecast period. Thirdly, supportive government policies and regulations regarding use of biodegradable plastics are encouraging global players to expand their footprints across Europe, helping the regional market capture higher market share.
Environmental sustainability is a key trend shaping the Europe Sustainable Biopolymers market. Growing awareness about carbon footprint of plastic waste is compelling brand owners as well as material converters to replace plastics with biodegradable alternatives. Moreover, development of new bio-based materials from agricultural waste and microorganisms able to completely degrade in different environments will further spur innovations.
Porter’s Analysis
Threat of new entrants: Europe Sustainable Biopolymers Market Challenges and Opportunities is moderately consolidated with established brands. Regulations and capital requirements for setting up manufacturing plants pose barriers for new companies.
Bargaining power of buyers: Large buyers can negotiate lower prices due to their high purchasing power. The buyers also have fair bargaining power due to availability of numerous suppliers.
Bargaining power of suppliers: A few major players control the supply market which limits overall suppliers’ bargaining power. However, some suppliers provide customized solutions attributing to their bargaining influence.
Threat of new substitutes: Alternative sustainable materials like paper, glass pose little threat as biopolymers offer superior properties. However, conventional plastics remain dominant substitutes.
Competitive rivalry: Brand positioning and product differentiation among fewer established manufacturers leads to intense competition.
Geographical Regions
Western Europe accounted for over 60% of Europe’s sustainable biopolymers market share in 2024, driven by Germany, Italy, France and UK. Stringent environmental regulations and awareness boosted biopolymer adoption in packaging, textiles, consumer goods and automotive industries.
The fastest growing region is expected to be Eastern Europe with a CAGR of over 10% during the forecast period. Countries like Poland, Czech Republic, and Hungary are witnessing increased production and consumption of biodegradable products. Investments in biorefineries and R&D centers are contributing to market growth.
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1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Ravina Pandya
Ravina Pandya,Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. LinkedIn
