The European bioplastic packaging market is anticipated to grow significantly over the forecast period (2020-2026). The key factors that enhance the growth of the market include the increased environmental concerns amongst the people in the region. There has been a substantial rise in the demand for green packaging products including bioplastics packaging and others in the region.
As per the European Bioplastics, major retailers such as Aldi, Rossmann, Coop, and Carrefour have started using carrier bags made from bioplastics. Moreover, as per the european-bioplastics.org, more than 50% of goods are packaged in plastic that impacts the environment on a large scale. Hence, there is an increased need to curb down the use of single-use plastics and incentivize the use of bioplastics for packaging. This further drives the growth of the market over the forecast period.
Browse the full report description of "European Bioplastic Packaging Market Size, Share & Trends Analysis Report by Type (Biodegradable Plastics (Starch-based, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Polyester, Cellulose Derivatives), and Non-biodegradable Plastics (Bio-polyethylene Terephthalate (PET), Bio-Polyethylene, Bio-Polyamides, Bio-Polytrimethylene Terephthalate, and Other Non-biodegradable Plastics), By Packaging Type (Rigid Packaging and Flexible Packaging), and by End-User Industry (Food & Beverage, Pharmaceutical, Personal Care, and Others) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/european-bioplastic-packaging-market
Besides, the market is also poised to grow due to major investments by the key players. For instance, in December 2019, Stora Enso invested nearly $10.6 million for the development of a production plant for the manufacturing of bio-based plastics as a barrier in transparent packaging. ?In November 2019, Novamont declared an $11.7 million investment program for the diversification and expansion of its production plant in Italy. The expansion of its production plant is likely to increase the production of fifth-generation MATER-BI (biodegradable and compostable bioplastics) and a series of products with oxygen and carbon dioxide barrier properties for the food packaging sector.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Europe Bioplastic Packaging Market – Segmentation
By Type
o Starch-based
o Polylactic Acid (PLA)
o Polyhydroxyalkanoates (PHA)
o Polyester
o Cellulose Derivatives
o Bio-polyethylene Terephthalate (PET)
o Bio-Polyethylene
o Bio-Polyamides
o Bio-Polytrimethylene Terephthalate
o Other Non-biodegradable Plastics
By Packaging Type
By End-User Industry
Europe Bioplastic Packaging Market – Countries Covered
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/european-bioplastic-packaging-market