Search 37 market data, tables and 28 figures, spread over 94 pages and detailed tables of contents for the “Market for biodegradable polymers in Europe”.
Market for biodegradable polymers in Europe for extrusion coatings, by type (PLA, starch, PBS, PHA), substrate (paper and cardboard, cellulose films), country of application (rigid packaging, flexible packaging, liquid packaging) country
The European market for biodegradable polymers Extrusion coating is projected to grow from $ 403 million in 2019 to $ 829 million in 2024 with an annual growth rate of 15.5% over the forecast period. The market is experiencing significant growth across Europe due to increasing awareness and strict government regulations for the use of non-biodegradable plastics. The increasing demand from the packaging industry for applications for rigid packaging, flexible packaging and liquid packaging is likely to increase the demand for biodegradable polymers for extrusion coating.
NatureWorks LLC (USA), BASF SE (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Holdings Corporation (Japan), Biotech (Germany), Novamont S.P.A. (Italy), Biome Bioplastics (Great Britain), Toray Industries (Japan), Bio-On (Italy) and Plantic Technologies (Australia) are the leading manufacturers of biodegradable polymers for extrusion coating in Europe. Between 2013 and 2019, these companies chose expansion, new product development, joint venture and merger & acquisition as their main growth strategies to gain a competitive advantage in the market for biodegradable polymers for extrusion coatings.
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NatureWorks LLC (USA) is one of the leading providers in the market for biodegradable polymers for extrusion coatings. The company has focused on organic strategies such as expansion and new product development to maintain its leadership position in the market. In October 2016, the company, in collaboration with Natur-Tec, a division of Northern Technologies International Corporation (USA), jointly developed a technology platform to reduce the costs of compostable service goods from Ingeo Biopolymer while increasing performance. In April 2015, the company launched a new ABS replacement formulation for high-performance extrusion formulations and expanded the Ingeo polymer platform. This Ingeo formulation helps to maintain excellent impact performance and high stiffness options for measurement and material savings.
BASF SE (Germany) is another important player in the market for biodegradable polymers for extrusion coatings. In March 2014, BASF SE and Corbion Purac (Netherlands) founded a joint venture of Succinity GmbH in Montmelo, Spain. The plant was set up for the marketing and production of bio-based succinic acid for the world market with an annual capacity of 10,000 tons. This expansion will support BASF SE’s future growth path in the country and improve the availability of biodegradable polymers for extrusion coating in the European region.
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