Europe Bio-based Polyesters Market was valued at USD 0.53 Billion in 2022 and is projected to reach USD 1.35 Billion by 2030, growing at a CAGR of 12.4% from 2024 to 2030.
The European bio-based polyesters market is experiencing significant growth, driven by a collective shift towards sustainability and environmental responsibility. Industries across the continent are increasingly adopting these eco-friendly alternatives to traditional petroleum-based polyesters, aiming to reduce their carbon footprint and meet evolving consumer demands.
Types of Bio-based Polyesters in Europe
Bio-based polyesters are derived from renewable resources such as natural fats and oils. The primary types gaining traction in Europe include:
Polylactic Acid (PLA): Sourced from fermented plant sugars like corn starch or sugarcane, PLA is biodegradable and widely used in packaging, textiles, and medical implants.
Polyhydroxyalkanoates (PHA): Produced by microbial fermentation of sugars or lipids, PHAs are biodegradable and find applications in packaging, agriculture, and medical devices.
Bio-based Polyethylene Terephthalate (Bio-PET): Partially derived from renewable resources, Bio-PET is utilized in bottles and fibers, offering similar properties to conventional PET.
Bio-based Polytrimethylene Terephthalate (PTT): Made from bio-based 1,3-propanediol, PTT is used in textiles and carpets, providing durability and resilience.
Industry Requirements and Applications
Various industries in Europe are integrating bio-based polyesters to align with sustainability goals and regulatory mandates:
Packaging Industry: With the rise in environmental consciousness, there's a growing demand for biodegradable and compostable packaging materials. Bio-based polyesters like PLA and PHA are being adopted to replace conventional plastics, reducing environmental impact.
Textile Industry: The fashion sector is embracing bio-based polyesters to produce sustainable fabrics. This shift addresses consumer demand for eco-friendly clothing and helps mitigate the environmental footprint associated with traditional polyester production.
Automotive Industry: Manufacturers are exploring bio-based polyesters for interior components, aiming to reduce vehicle weight and enhance fuel efficiency. This move supports the industry's commitment to sustainability and innovation.
Medical and Pharmaceutical Industry: Due to their biocompatibility and biodegradability, bio-based polyesters are used in medical implants, sutures, and drug delivery systems, offering safer and more sustainable medical solutions.
Market Growth and Future Prospects
The European biopolymers market, which includes bio-based polyesters, is projected to witness a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030. In 2020, the market's volume surged to 779.5 kilotonnes, showcasing a growth of 8.5% between 2019 and 2022. This growth is attributed to increased demand in packaging, consumer goods, automotive, agriculture, and textiles sectors.
Germany dominated the European biopolymers market in 2022, with expectations to reach a market value of $1,861.5 million by 2030. The UK and France are also exhibiting significant growth, with CAGRs of 8.8% and 10.7%, respectively, during the forecast period.
As industries continue to prioritize sustainability, the adoption of bio-based polyesters is expected to rise. This shift not only addresses environmental concerns but also aligns with consumer preferences for eco-friendly products, paving the way for a greener future in Europe.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Bio-based Polyesters Market
Polyethylene Furanoate (PEF)
Poly(lactic acid) (PLA)
Polyhydroxyalkanoates (PHA)
Polybutylene Succinate (PBS)
Polytrimethylene Terephthalate (PTT)
Packing Materials
Textiles
Automotive Components
Consumer Goods
Biomedical Devices
Food and Beverage
Textiles and Apparel
Automotive
Consumer Electronics
Healthcare
Fermentation and Biotransformation
Chemical Synthesis
Polymerization Techniques
Succinic Acid Synthesis
Solvent Extraction Processes
Agricultural Feedstocks
Waste Biomass
Forest Residues
Algae
Recycled Plastics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Bio-based Polyesters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Bio-based Polyesters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Bio-based Polyesters Market, By Type
6. Europe Bio-based Polyesters Market, By Application
7. Europe Bio-based Polyesters Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Bio-based Polyesters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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