EUROPE SUSTAINABLE BIOPOLYMERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Stringent Government Regulations Regarding Use of Plastics

The issue of plastic pollution is being witnessed in almost every European country owing to the ubiquitous usage of single-use plastic items and packaging materials that are difficult to recycle. Non-biodegradable plastics clog landfills and waterways, posing threats to biodiversity as well as human health. They also conflict with the principles of circular economy promoted within the European Union. As a result, governments across the region have been actively formulating laws and directives to curb plastic waste generation and establish an effective waste management infrastructure.

Several nations have introduced bans on specific problematic plastics like grocery bags, cutlery, straws, and Styrofoam containers. Thresholds have been set for minimum recycled content percentages in plastic packaging to spur greater plastic reprocessing abilities. Extended Producer Responsibility measures make plastic manufacturers responsible for end-of-life management of their products. More countries are moving towards the model of "Pay As You Throw" where households and businesses are charged per unit of non-recyclable trash sent to landfills or incinerators. The overarching aim is to make plastic packaging producers finance waste collection as well as establish take-back systems.

Besides plastic items, single-use packaging has also come under regulatory scanner. The European Commission has proposed new rules establishing minimum recycled content standards for beverage bottles.

• BASF SE
• Novamont S.p.A.
• Corbion
• Biomer
• Mitsubishi Chemical Corporation
• Braskem
• Solvay SA
• Stora Enso
• Natureplast
• FKuR Kunststoff GmbH
• Plantic Technologies
• Danimer Scientific
• Biotec GmbH & Co. KG
• Linotech GmbH & Co. KG
• Kaneka Belgium N.V.