Key Players Adopted The Strategy Of New Product Launches And Expansions To Increase Their Product Portfolio In Biodegradable Plastics Market (At A CAGR of 15.1%)
The biodegradable plastics market size is expected to reach USD 6.12 billion by 2023 from USD 3.02 billion in 2018, at a CAGR of 15.1%. The increasing consumer demand for eco-friendly food packaging is shifting the focus of major plastic manufacturers and packaging companies on biodegradable plastics.
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Biodegradable Plastics Market Worth $12.4 Billion By 2027 (COVID-19 Impact)
The biodegradable plastics market is projected to reach USD 12.4 billion by 2027, at a CAGR of 15.1%.
The report “Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End-use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Row) – Global Forecast to 2027”.
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