Europe Sustainable Plastic Market 2022-2027

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    EUROPE SUSTAINABLE PLASTIC MARKET

     

    INTRODUCTION

    sustainable plastic is a material that addresses the needs of consumers without damaging our environment, health, and economy.

    infographics-Europe Sustainable Plastic Market, Europe Sustainable Plastic Market Size, Europe Sustainable Plastic Market Trends, Europe Sustainable Plastic Market Forecast, Europe Sustainable Plastic Market risks, Europe Sustainable Plastic Market Report, Europe Sustainable Plastic Market ShareTypes of plastics:

    Bio-Filled Plastics

    Straddling the divide between renewable and non-renewable raw materials are bio-filled plastics in which renewable, organic materials such as ground coconut shells, rice hulls, nutshells, and cotton fiber are used to substitute plastic materials

     

    Bio-plastics

    Made from purely biological materials such as sugar, corn, and vegetable oil, bioplastics are an improvement on traditional petroleum-based plastics. Popular types such as PHA polyhydroxyalkanoates, polylactic acid, and acetate can perform as well as many traditional plastics. 

     

    MARKET DYNAMICS

    Coperion has announced that a new recycling test lab is being built at its Niederbiegen/Weingarten, Germany, production location. The location of the Recycling Innovation Center will be next to Coperion’s current Bulk Solids Handling test facility, increasing the company’s test lab capacity in Germany alone to 5,000 m2.

     

    Coperion, which currently produces a wide variety of equipment and procedures for recycling applications, has chosen to respond by additionally providing customers with concrete support in the shape of a dedicated test lab as the need for effective plastics recycling solutions gradually increases. 

     

    Here, with the help of clients from around the world, real approaches to solutions for every stage of the recycling process will be tested and developed.

     

    Customers will be able to use the expertise offered by Coperion to create and test new, sustainable goods and recycling processes at the new Recycling Innovation Centre. 

     

    All necessary recycling process phases, such as material transportation, feeding, extrusion, pelletizing, and material post processing, will be handled by the facility, which will be fully prepared to do so. The amenities at the Centre will allow Coperion to advance its own research into plastics recycling in addition to serving the demands of its clients.

     

    EUROPE SUSTAINABLE PLASTIC MARKET SIZE AND FORECAST

    Europe sustainable plastic market is expected to gain market growth in the forecast period of 2020 to 2027. It is analyzed that the market is growing with a CAGR of XX.X% in the forecast period of 2020 to 2027 and is expected to reach USD XXXX million by 2027

     

    RECENT DEVELOPMENTS IN EUROPE SUSTAINABLE PLASTIC MARKET

     

    Sl No Company Year Development
    1. Eastman chemical company Mar 2022 Eastman entered exclusive negotiation

    With site in normandy for a molecular recycling facility in France

    2. Eastman

    Chemical

    company

    Mar 2022 Eastman joined European fiber-based packaging 4evergreen
    3. Danimer

    scientific

    Sep 2021 Danimer Scientific Received Grant from United Soybean Board to Expand Research of High-Oleic Soybean Oil in Biodegradable Plastic Production
    4. Danimer

    scientific

    Aug 2021 Danimer Scientific Completed Acquisition of Biodegradable Polymer Producer Novomer
    5. Basf SE Mar 2022 BASF and REEF Technology signed a strategic cooperation agreement to improve the quality of plastic recyclate materials

     

     

    Force majeure declarations have hung over Europe’s plastics processing industry like the sword of Damocles since the pandemic began more than two years ago.

     

    The dreaded letters from resins suppliers announcing the suspension of agreed-upon delivery contracts would be familiar to most enterprises in the sector. This can occur as a result of an unanticipated plant failure, or as a result of non-delivery of precursor materials, weather, strikes, or other circumstances.

     

    Global supply lines have grown more unstable than they have ever been since Russia began its campaign against Ukraine, and China’s Shanghai has been under lockdown for nearly two months.

     

    On a daily basis, uncertain supplies and material shortages are jeopardising the very existence of sectors such as the plastics industry. Add to that the fact that energy and logistical prices have been trending in only one way for months, namely steeply higher.

     

    The greater these prices rise, the smaller the margins for plastics converters become.

     

     

    COMPANY PROFILE

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the average selling price of the Europe Sustainable Plastic Market right now and how will it change in the next 5-6 years? 
    2. Market share of sustainable plastic vendors right now and their upcoming products
    3. The cost advantage for OEMs who manufacture Europe sustainable plastic in-house
    4. 5 key predictions for the next 5 years in Europe Sustainable Plastic Market, latest trends in every market segment
    5. The market size (both volume and value) of the Europe Sustainable Plastic Market in 2022-2027 and every year in between
    6. Production breakup of Europe Sustainable Plastic Market by suppliers and their OEM relationship
    7. What is happening overall in the Europe Sustainable Plastic Market right now?
    8. Who are the major players in the Europe Sustainable Plastic Market?
    9. What are the business opportunities in the Europe Sustainable Plastic Market right now and What is the target group?
    10. What are the plans for Europe Sustainable Plastic Market in the next five years?
    11. What are the Threats in the Europe Sustainable Plastic Market in the next five years?
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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