The European PBS market is estimated to grow at a CAGR of around 10% during the forecast period. Major economies contributing to the PBS market in Europe include UK, Germany, France, and Italy, and others including the Netherlands. The key factor which is promoting the growth of the PBS market in Europe includes the established automotive market in the region which creates an increasing demand for PBS for the manufacturing of automotive interior. The major automotive players including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, and Continental AG among various others have their headquarters in Europe. This is expected to further boost the market growth.

Further, according to Eurostat, nearly 289,000 companies existed in the European Union that engaged in the manufacturing of food products in 2017. Moreover, the processing and packaging of food-related to meat, bakery items, and dairy products are expected to create significant opportunities for the growth of the market in the near future. This is expected to increase the demand for advanced packaging alternatives in the region, thereby promoting the growth of the PBS market over the forecast period.

The European PBS market is segmented on the basis of process and application. Based on the process, the market is segmented into trans-esterification and direct esterification. The direct esterification process had a significant share in the market in 2018. Direct esterification process is the most common process for preparing PBS and has several advantages such as the process that can be performed under atmospheric pressure and has a short reaction time. Whereas, the trans-esterification process is projected to grow at a considerable rate during the forecast period. 

Further, PBS has been used in various industries such as packaging/disposables, agriculture, textile, automotive and others. The packaging industry has been significantly adopting biodegradable polymers. Some of the major players covered in the European PBS market include Koninklijke DSM N.V., Succinity GmbH, Showa Denko KK, NaturePlast SAS, ESIM Chemicals GmbH, and others.

Research Methodology

The market study of the European PBS market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Authentic public databases such as Plastics Europe.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Annual reports and forward-looking statement of key manufacturers 

The report is intended for plastic manufacturers, third-party suppliers, traders, distributors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. European PBS Market Research and Analysis by Process
2. European PBS Market Research and Analysis by Application