Exploring the Potential of European Bioplastics Market : Current Status and Future Prospects

The European Bioplastics Market is expected to grow from an estimated USD 3.6 billion in 2024 to USD 6.2 billion in 2033, at a CAGR of 6.2%. The European bioplastics market is expected to be driven by favorable government policies and regulations. The European Union has framed strict policy measures to decrease plastic pollution and consequently increase the usage of environment-friendly alternatives. Of these, the most striking is the Single-Use Plastics Directive that seeks to reduce plastic waste by banning or restricting a clearly defined set of single-use plastic products found most in marine litter. The report discusses in detail the positive and negative impact of the pandemic on the European Bioplastics Market industry.Factors influencing the growth of the European Bioplastics Market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of t...