Europe Biodegradable Plastic Market Size & Outlook
Europe biodegradable plastic market, 2018-2030 (US$M)
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Europe biodegradable plastic market highlights
- The Europe biodegradable plastic market generated a revenue of USD 3,068.1 million in 2023.
- The market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, starch based was the largest revenue generating product in 2023.
- Starch Based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,068.1 million |
| Market revenue in 2030 | USD 9,348.8 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBS, PBAT, PHA, Polycaprolactone |
Other key industry trends
- In terms of revenue, Europe region accounted for 43.7% of the global biodegradable plastic 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 5,460.8 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe biodegradable plastic 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 market will help companies and investors design strategic landscapes.
Starch based was the largest segment with a revenue share of 41.27% in 2023. Horizon Databook has segmented the Europe biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone 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.
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 costeffective 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. These factors are expected to boost the demand for biodegradable plastics across the region.
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Target buyers of Europe biodegradable plastic market databook
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Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe biodegradable plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biodegradable plastic market size, by country, 2018-2030 (US$M)
Europe Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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