Key Findings
The Europe bio-based chemicals market is predicted to grow with a CAGR of 14.18%, over the forecast years of 2019 to 2028. The region’s market growth is primarily accredited to factors such as the stringent regulations put forth by the European Union, concerning the emission standards of synthetic petroleum-based chemicals.

Market Insights
The Europe bio-based chemicals market growth is assessed by analyzing the United Kingdom, Belgium, France, Russia, Poland, Italy, Germany, and the rest of Europe. According to the French government, presently, around 12 billion traditional or non-biodegradable plastic bags are utilized in packaging vegetables and fruits. Likewise, nearly 5 billion plastic bags are distributed in plastic tills. Thus, the ban levied on them since July 2018, has created lucrative opportunities for adopting bio-plastic bags. It also includes the use of single-use plastic bags, in addition to traditional plastic packing bags, used by private institutions and organizations, such as, petrol stations, pharmacies, open-air markets, and bakeries. However, bags thicker than 50 microns will be permitted, on account of their reusable characteristics.
On the other hand, Italy accounts for one of the major markets that produces biopolymers. With an added emphasis on using greener materials and products, the nation actively engages in diverse fields, such as, research and development, as well as innovation of greener products. Moreover, Italy leads the bio-plastics manufacturing market in Europe, with numerous small-and-medium-sized industries involved in their production. Hence, such factors are anticipated to drive the bio-based chemicals market growth.

Competitive Insights
Prominent enterprises operating in the market are, BASF SE, Novozymes A/S, Danimer Scientific Inc, Royal DSM NV, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments