Report ID: SQMIG15A2113
Report ID:
SQMIG15A2113 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|
Tables:
92 |
Figures:
76
Biodegradable Plastic Market size was valued at USD 7.7 billion in 2019 and is poised to grow from USD 9.62 billion in 2023 to USD 71.14 billion by 2031, growing at a CAGR of 24.9% in the forecast period (2024-2031).
Biodegradable plastics degrade in a particular medium such as water, soil, or compost under particular conditions and over the periods of time. From the past few years, biodegradable plastics are becoming popular replacements of regular plastic as consumers and governments around the globe demand green alternatives. Biodegradable plastics can be broken down by microbes, chewed up, and turned into biomass, water, and carbon dioxide, or in the absence of oxygen, methane rather than CO2.
US Biodegradable Plastic Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONBiodegradable Plastic Market size was valued at USD 7.7 billion in 2019 and is poised to grow from USD 9.62 billion in 2023 to USD 71.14 billion by 2031, growing at a CAGR of 24.9% in the forecast period (2024-2031).
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Report ID: SQMIG15A2113