The global bio-plastic market is anticipated to reach a valuation of USD 96.6 billion in 2023, driven by consumer education and awareness. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 30.2% between 2023 and 2033 and reaching a total valuation of approximately USD 1,353.3 billion by 2033. One …
Tag Archives: Bio Plastic Market
Rise of Bio Plastic Market: Fulfilling the Demand for Lightweight and Eco-Friendly Products
One of the major factors contributing to the growth of the bio-plastic market is the reduction in greenhouse gas emissions. Bio-plastics often have a lower carbon footprint compared to traditional plastics, contributing to efforts to reduce greenhouse gas emissions and combat climate change. The bio-plastic market is poised for substantial growth, with a projected value …