Europe Sustainable Polymers Market Size by Polymers Type (Cellulosic, PLA, & Phenol Plastics), by Extraction Method (From Phenolic Material, Alcohols, & Lactic Acids) with Forecast 2017-2025

Market Overview

Europe sustainable polymers market is regulated by the association of plastic manufacturers named ‘PlasticsEurope’, with the scope of production of polymers and precursors. The strategies used are based on bio-economy, circular-economy and resource efficiency with minimum disposal, reuse and recycling of plastics. European plastic industry had a turnover of USD 409.29 billion in 2015. In comparison to global plastic production of 322 million tons Europe plastic production was 58 million tons in the year 2015. Global bioplastics production in the year 2017 was 2.05 million tons and Europe bioplastic production was 18% of the global bioplastic production.

Globally 82.1% of the total polymers manufactured were synthetic polymers in 2016. Production capacity of bio-based polymers was 4.2 million tons, increased at the rate of 4.7% annually from the period of 2015-2017.

Europe Sustainable Polymers Market Segmentation

By Types of Polymers

• Cellulosic plastics
• Polylactides (PLA)
• Starch-plastics
• Soy-plastics
• Phenol plastics

By Extraction Material

• Polymers obtained from Phenolic materials (seed, fibre, shell, wood, bagasse)
• Polymers obtained from Lactic Acid
• Polymers obtained from Alcohols
  • Vegetable oils – soybean oil, mustard oil, castor oil, 
  • Glycerol
• Polymers obtained using CO2 (Corn Stover)

By Application

• Packaging
• Cosmetics
• Agriculture seed coatings
• Automotive interior parts
• Others (medical implants)

By End-User

• Food and Beverages
• Automotive Industry
• Healthcare
• Agriculture
• Chemicals industry
• Semiconductor & Electronics

Market Share by Europe Sustainable Polymers End Uses & Type

On the basis of end-user, packaging industry dominated with the market share of 33.6% in 2016 because of the advantages of plastic such as high assurance, sustainability, easy opening, protection and preservation and creativity. Bioplastics are driving the plastic industry of Europe being a crucial pillar of European bio-economy.

Geographically, Asia has the largest share of 56.2% in the global production of bioplastics followed by Europe having 18.1% in 2017. Bioplastics has largest market share in global sustainable polymers and Europe ranked at first place is the hub for bioplastic industry in the field of research and development. Though production is highest in Asia-Pacific but demand is highest in Europe of the bio-based polymers owing to the capacity in the field of high-value fine chemicals and building blocks for the production of bio-based polymer. But because of lack of Europeans policy framework for bio-based polymers, regions such as Asia and America are safer regions for investment.   

By Types of Polymers

• Cellulosic plastics
• Polylactides (PLA)
• Starch-plastics
• Soy-plastics
• Phenol plastics

By End-User

• Food and Beverages
• Automotive Industry
• Healthcare
• Agriculture
• Chemicals industry
• Semiconductor & Electronics

Trends, Drivers & Challenges to Market Growth

Europe has a trend of transforming itself from linear to circular economy. Thus EU Bio-economy Strategy promote the bio-plastics’ biodegradability and recyclability, and ensures sound incorporation into collection systems with a motive of paradigm shift in the way polymers are consumed and produced with action from government, industry and citizens.

Sustainable polymers market is witnessing growth driven by the adoption of bio-economy and circular-economy to increase longer, healthier and comfortable living in order to face global competition for wealth, growth and employment on the back of policies formulated to tackle urgent environmental problems such as climate change. The political debate is growing around rapidly replacing conventional plastics with bio-plastics, the pressing need to reduce all plastic use and in particular excessive, unnecessary and single-use plastics.      

Further, the major challenge for the sustainable polymers market is the availability of the feedstock and biomass for the purpose of developing biopolymer. 1^st generation feedstock is most efficient for making bioplastics but due inaccessible to 1^st generation feedstock, manufacturers are looking for non-food crops such as cellulose (2^nd and 3^rd generation feedstock). The land area need to grow biomass for material purpose is 2% which was 106 million hectare globally in 2015 and out of this share for bioplastics remains only 0.01%.

Covered In This Europe Sustainable Polymers Market Report

The report covers the present ground scenario and the future growth prospects of the sustainable polymers market for 2016-2024 along with the import and export data of sustainable polymers. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of sustainable polymers across the globe.  

Sustainable polymers market outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the sustainable polymers market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Europe sustainable polymers market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Players

Europe sustainable polymers market report comprises of the following companies as the key players in the sustainable polymers market: Novamont, Synvia C.V, BioAmber Inc., DuPont, Lyle Bio Products, Total Corbion PLA, Aitiip Technology, FKuR Kunststoff GmbH, AEP Polymers, Innovia.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Europe Sustainable Polymers Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of sustainable polymers market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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