France Bioplastics Market Size & Outlook, 2022-2030
France bioplastics market, 2018-2030 (US$M)
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France bioplastics market highlights
- The France bioplastics market generated a revenue of USD 558.9 million in 2022 and is expected to reach USD 2,021.7 million by 2030.
- The France market is expected to grow at a CAGR of 17.4% from 2023 to 2030.
- In terms of segment, biodegradable was the largest revenue generating product in 2022.
- Biodegradable is the most lucrative product segment registering the fastest growth during the forecast period.
Bioplastics market data book summary
| Market revenue in 2022 | USD 558.9 million |
| Market revenue in 2030 | USD 2,021.7 million |
| Growth rate | 17.4% (CAGR from 2022 to 2030) |
| Largest segment | Biodegradable |
| Fastest growing segment | Biodegradable |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biodegradable, Non-Biodegradable |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Toyota Industries Corp, Avantium NV, PTT Global Chemical PCL ADR, Cargill, SABIC, Basf SE, Trinseo PLC, Braskem SA ADR, Corbion NV, Solvay SA |
Other key industry trends
- In terms of revenue, France accounted for 4.8% of the global bioplastics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany bioplastics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,790.8 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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France bioplastics 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 bioplastics market will help companies and investors design strategic landscapes.
Biodegradable was the largest segment with a revenue share of 52.5% in 2022. Horizon Databook has segmented the France bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
The growing product demand from food packaging and consumer goods end-use industries is significantly contributing to the growth of the bioplastics market in France. Rising awareness regarding sustainable packaging coupled with growing environmental concerns about increasing greenhouse gas emissions is further contributing toward the adoption of bioplastics.
Furthermore, rising R&D activities by the key players to reduce the utilization of conventional plastic bags are likely to boost product demand over the forecast period.
The company aims to achieve 100% packaging from recycled or compostable materials and 50% of packaging from used plastics or bio-based materials by 2025. Thus, the inclination of end-use industries toward sustainable packaging is anticipated to boost the demand for bioplastics in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the France bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into France bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France bioplastics market size, by product, 2018-2030 (US$M)
France Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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