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
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
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