According to TechSci Research report, “Europe Biodegradable plastics Market –Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Europe Biodegradable Plastics Market is anticipated to register a high CAGR during the forecast period. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Biodegradable plastics, also referred to as bioplastics, are derived from renewable resources such as corn starch, sugarcane, and potato starch. These materials naturally decompose, effectively mitigating the long-lasting environmental impact associated with traditional synthetic textiles. The textile industry is facing pressure to transition towards eco-friendly materials that align with consumer values, making biodegradable plastics an appealing alternative. Europe’s rigorous environmental regulations have paved the way for the adoption of biodegradable materials. Policies that promote circular economy practices and reduce plastic waste have incentivized the textile industry to seek alternatives to conventional materials. The collaboration between textile researchers and bioplastic manufacturers has resulted in the development of biodegradable fabrics with desirable properties. Innovations range from biodegradable fibers to textiles that can be composted after their useful lifespan.
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The textile industry generates significant waste during production and post-consumer use. Biodegradable textiles contribute to waste reduction as they naturally break down and do not accumulate in the environment. Europe is at the forefront of integrating biodegradable plastics into the textile industry. Initiatives such as the European Strategy for Plastics in a Circular Economy and collaborations between bioplastic manufacturers and fashion brands are driving innovation and raising awareness. European governments have recognized the urgent imperative to address plastic pollution and have taken proactive measures to incentivize the adoption of biodegradable plastics. Several European countries and the European Union (EU) have implemented or proposed bans on single-use plastics such as straws, cutlery, and stirrers. By fostering a market demand for biodegradable alternatives, these bans stimulate innovation and growth in the biodegradable plastics sector. Governments have introduced eco-labeling programs and certification standards for biodegradable plastics, providing consumers with accurate information about the environmental benefits of such products and fostering their acceptance in the market. As part of the European Green Deal, the European Commission has announced plans to propose new legislation on packaging, packaging waste, and bioplastics. These proposals aim to enhance the regulation and management of biodegradable plastics and promote their responsible use. The evolution of Europe’s biodegradable plastics market is heavily influenced by the power of collaborations and partnerships. Successful partnerships span the entire supply chain, from raw material suppliers to manufacturers, distributors, and retailers. Cooperation ensures a seamless flow of biodegradable materials, encourages adoption, and enhances the overall market dynamics.
One recent collaboration in the realm of biodegradable plastics in Europe involves TotalEnergies Corbion. They have announced that their Luminy Polylactic Acid (PLA) bioplastics have successfully met the stringent criteria of EU regulations. This collaboration aims to develop and promote bioplastics that comply with European standards. Another notable partnership involves Borealis and Ecopost, who are working together to scale up the collection and recycling of Kenyan plastic waste, including biodegradable plastics. The primary objective of this partnership is to advance the recovery and recycling of biodegradable plastics, thereby contributing to a more sustainable approach to plastic waste management.
However, limited infrastructure for composting and recycling along with lack in availability of biodegradable plastics are expected to slow down the growth of the market in the coming years.
The Europe Biodegradable Plastics Market segmentation is based on Type, Application, By Company, and Region.
Some of the major companies operating in the Europe Biodegradable Plastics Market include:
- EASTMAN CHEMICAL COMPANY
- BASF SE
- DOW INC.
- FKUR KUNSTSTOFF GmbH
- MINIMA TECHNOLOGY CO. LTD.
- SOLANYL BIOPOLYMERS INC.
- Mitsubishi Chemical Europe GmbH
- NOVAMONT S.P.A
- Danimer Scientific Inc.
- Toray International Inc.
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“Certain countries, particularly the Germany, are projected to exert significant demand for biodegradable plastics in Europe. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their biodegradable plastics productivity each year, are expected to contribute to a remarkable growth of the Europe Biodegradable Plastics Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Europe Biodegradable Plastics Market By Type (Starch-Based, Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkonate (PHA), Others), By Application (Packaging, Agriculture, Consumer Goods, Others), By Region, Competition, Forecast and Opportunities, 2029 has evaluated the future growth potential of Europe Biodegradable Plastics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe Biodegradable Plastics Market.
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