The biobased biodegradable plastic market is expected to be valued at USD 5.2 billion in 2023. The market is predicted to expand at a 10% CAGR from 2023 to 2033, reaching USD 13.6 billion by 2033. Growing public awareness of plastic waste and its negative environmental impact has increased the popularity of biobased biodegradable polymers. Customers and companies are …
Tag Archives: Biobased Biodegradable Plastics Market Analysis
Biobased Biodegradable Plastics Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI
Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% share of …
Pricing Analysis: Biobased Biodegradable Plastics Market Outlook, Current and Future Industry Landscape Analysis
Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% …