Europe Biodegradable Plastic Films Market Size & Outlook
Europe biodegradable plastic films market, 2018-2030 (US$M)
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Europe biodegradable plastic films market highlights
- The Europe biodegradable plastic films market generated a revenue of USD 481.3 million in 2023.
- The market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, starch blends was the largest revenue generating type in 2023.
- Starch Blends is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 481.3 million |
| Market revenue in 2030 | USD 577.0 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Starch blends |
| Fastest growing segment | Starch Blends |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Blends, Polylactic Acid, Poly(butylene adipate-co-terephthalate) (PBAT), Polybutylene succinate (PBS), Polyhydroxyalkanoates (PHA), Others (Cellulose Films) |
| Key market players worldwide | Basf SE, Kingfa Technology, Cortec Corporation, Futamura, BioBag International, Plastchim-T, Clondalkin Group, Tipa, Brentwood Industries |
Other key industry trends
- In terms of revenue, Europe region accounted for 42.5% of the global biodegradable plastic films market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 363.6 million by 2030.
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Biodegradable Plastic Films Market Scope
Biodegradable Plastic Films Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe biodegradable plastic films market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic films market will help companies and investors design strategic landscapes.
Starch blends was the largest segment with a revenue share of 41.51% in 2023. Horizon Databook has segmented the Europe biodegradable plastic films market based on starch blends, polylactic acid, poly(butylene adipate-co-terephthalate) (pbat), polybutylene succinate (pbs), polyhydroxyalkanoates (pha), others (cellulose films) covering the revenue growth of each sub-segment from 2018 to 2030.
The European biodegradable plastics market is anticipated to witness substantial growth over the coming years, owing to various factors, such as the presence of stringent environment-friendly laws, increasing environmental concerns among consumers, and rising R&D investments in the biodegradable plastics sector by private as well as public organizations.
Additionally, the European Union (EU) strategy anticipates that by 2030, all plastic packaging will be reused or recyclable in a cost effective way. This strategy is expected to include all packaging materials with the adoption of the European Green Deal and the new Circular Economy Action Plan.
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Our clientele includes a mix of biodegradable plastic films market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe biodegradable plastic films market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biodegradable plastic films market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biodegradable plastic films market size, by country, 2018-2030 (US$M)
Europe Biodegradable Plastic Films Market Outlook Share, 2023 & 2030 (US$M)
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