The Europe Plastic Lumber Market would witness market growth of 10.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 816.5 kilo tonnes, showcasing a growth of 8.5% (2019-2022).
Growing public awareness of environmental issues, climate change, and sustainable living practices has driven consumer demand for eco-friendly products and materials. Consumers are increasingly seeking environmentally sustainable alternatives in their purchasing decisions, including construction materials such as plastic lumber. Builders, architects, and homeowners are choosing plastic lumber for its environmental benefits, durability, and versatility, driving its adoption across residential, commercial, and industrial applications.
Moreover, landscaping companies and homeowners utilize plastic lumber for various outdoor applications, such as garden edging, retaining walls, raised beds, and pathways. Plastic lumber's resistance to weathering, fading, and mold growth makes it well-suited for landscaping projects that require durability and low maintenance. Additionally, it is available in various colors and textures, allowing for customizable design options to enhance outdoor spaces.
Additionally, many European cities are undergoing redevelopment and revitalization initiatives to enhance livability, sustainability, and economic vitality. It plays a role in these initiatives by providing sustainable and eco-friendly building materials for urban redevelopment projects, public space enhancements, and community revitalization efforts. With increasing emphasis on sustainability and environmental stewardship, European urban development projects prioritize using eco-friendly materials and sustainable construction practices. It aligns with sustainability goals by reducing reliance on virgin resources and minimizing waste. Therefore, the increasing urbanization in the region is propelling the market's growth.
The Germany market dominated the Europe Plastic Lumber Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $997.7 million by 2030. The UK market is registering a CAGR of 9.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 11.1% during (2023 - 2030).
Free Valuable Insights: The Global Plastic Lumber Market will Hit $11.8 Billion by 2030, at a CAGR of 11.0%
Based on Resin Type, the market is segmented into Polyethylene, Polyvinyl Chloride, Polystyrene, and Others. Based on Application, the market is segmented into Decking, Molding Trim, Landscaping Outdoor Products, Fencing, Windows Doors and Others. Based on Product, the market is segmented into Virgin Plastic, Recycled Plastic and Composite. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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