Germany Bioplastics Market Size & Outlook, 2022-2030
Germany bioplastics market, 2018-2030 (US$M)
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Germany bioplastics market highlights
- The Germany bioplastics market generated a revenue of USD 1,135.9 million in 2022 and is expected to reach USD 4,306.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 18.1% 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 1,135.9 million |
| Market revenue in 2030 | USD 4,306.9 million |
| Growth rate | 18.1% (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, Germany accounted for 9.8% 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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Germany 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 50.97% in 2022. Horizon Databook has segmented the Germany bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Germany was the largest consumer of bioplastics in Europe in 2022 owing to the presence of a large number of research & development and production facilities of bioplastics companies. The country is increasingly exporting bioplastics to neighboring countries as well as other global economies.
Furthermore, the presence of strict regulations regarding the use of conventional plastics, growing environmental concerns about plastic waste, and the establishment of standards for bioplastics, such as EN 13432, are some of the factors contributing to the growth of the bioplastics market in Germany.
Germany is the manufacturing hub of Europe and the largest manufacturer of automobiles in the region. The demand for bioplastics in the automotive sector is expected to be driven by their properties such as impact resistance, UV resistance, high gloss, and excellent color ability.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into Germany bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bioplastics market size, by product, 2018-2030 (US$M)
Germany Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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