Global Biodegradable Plastic Market Poised for Significant Growth by 2032

The Biodegradable Plastic Market is experiencing robust growth as industries, governments, and consumers increasingly shift toward eco-friendly alternatives to conventional plastics. According to Market Intelo, the global biodegradable plastic market was valued at USD 10.2 billion in 2023 and is projected to reach USD 32.5 billion by 2032, expanding at a CAGR of 13.8% during the forecast period (2024–2032). This growth is fueled by rising environmental concerns, strict regulatory frameworks, and increasing adoption of sustainable packaging across industries.

Read Full Research Study: https://marketintelo.com/report/biodegradable-plastic-market
Biodegradable Plastic Market Research Report 2033
According to our latest research, the global biodegradable plastic market size reached USD 8.7 billion in 2024, with a robust compound annual growth rate (CAGR) of 10.2% observed over the past few years.
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