The global plastic market is expected to attain a valuation of USD 712 billion in 2023 and is projected to reach USD 1050 billion by 2033, expanding at a CAGR of 4% during the forecast period. The demand for plastic industry is surging across diverse industries, including food & beverage, consumer goods, automotive, and electrical & electronics. …
Tag Archives: Bioplastic Industry
Bioplastic Industry: Poised to Reach US$ 1,353.3 Billion by 2033, Expected Surge at 30.2% CAGR
The global bio-plastic industry is anticipated to reach a valuation of US$ 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 US$ 1,353.3 billion by 2033. One …