Europe Biopolymers Market Size and Growth Forecast Report 2018

1. Market overview: The Europe biopolymers market is expected to record an annual compound rate of 18.2% during the 2019-2024 forecast period. Polymers and plastics are generally used for packaging and coating applications. In the oil sector, about 80-85% of the polymer is produced. As the use of plastics increases, the production of greenhouse gases rises, resulting in soil and water pollution and carbon footprint, which burdens the environment. Therefore, the need for green alternatives like biopolymers is increasing. Recent developments: November 2017: BASF SE closed its ecoflex and ecovio bioplastics manufacturing plant in Ludwigshafen, Germany. Market Drivers and Restraints: A certain access to oil resources, volatility in oil prices and a greater awareness of ecological problems are key aspects that will drive the future expansion of the biopolymer market in Europe. Ecological regulations on carbon emissions and the political conditions and restrictions on the use of plastics are also expected to lead the market in the coming years. Despite being a recession market, Europe is expected to experience significant growth in the future. In addition, the raw materials necessary for the production of biopolymers are obtained from agricultural waste. Therefore, the manufacture of biopolymers can be considered a sustainable alternative in waste management. These benefits increase interest in biopolymer production and accelerate the expansion of the biopolymer market in the future. However, the high price of bioplastics could slow the growth of the bioplastics and biopolymers market in the coming years. To know more read: https://www.marketdataforecast.com/market-reports/europe-biopolymers-market Report segmented as: By application, Europe bioplastics market is divided into agriculture, consumer goods, containers, cars, bottles, etc. As the demand for sustainable solutions in a variety of industries, including food and beverage and automotive, has increased, the packaging sector has had the largest share of revenue in 2018. In addition, improved industrial and manufacturing technologies integrate bioplastics into the food and beverage industry packaging, which will drive further growth in the packaging sector in the coming years. Geographical Segmentation: Germany is one of the largest markets with great growth potential for biopolymers in Europe. According to the Organic Waste Ordinance, the use of biopolymers has broad support in Germany, and the government supports the use of biodegradable plastic for the collection of

2. biological waste. In 2017, a new packaging law was passed to support the use of bio-packaging materials, which is expected to promote the use of biopolymers during the forecast period. Key market players: Some of the most important markets in the European biopolymer market are NatureWorks LLC, BASF SE, Total Corbion, Danimer Scientific, Galatea Bio Tech, Novamont SpA and Plantic Technologies Ltd. View sample and decide: https://www.marketdataforecast.com/market-reports/europe-biopolymers-market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/