Global Market Size of Bioplastic and Biopolymers Market – 10 Year Market Forecast

Chemicals

Bioplastic and Biopolymers Market Size Forecast 2022-2029

 

The global bioplastics & biopolymers market size is estimated to reach USD 79.89 billion in 2029 from USD 24.27 billion in 2022 at a CAGR of 19% in the forecast period. The rising populace and fast urbanization in rising economies and a surge in demand from end-use industries are expected to provide growth opportunities to manufactures of bioplastics & biopolymers. The packaging sector is one of the end-user industries that dominate the bioplastics and biopolymers marketplace. Bioplastics, especially biodegradable plastic, are becoming more popular as an alternative to conventional plastic because of environmental concerns. The market is majorly driven by the increase in chemicals utilised by consumers.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global Market Database studies the ongoing trends of the market to procure market forecast factors for bioplastic and biopolymer market.
• What are the first and final years the market analyses based on?

• The market analyses are based on the years 2022 to 2029.
• What is the bioplastic and biopolymer market segmentation?

• The bioplastic and biopolymer market segments are by type and region wise.
• What are the biodegradable and non-biodegradable market share values?

• The market share values for biodegradable and non-biodegradable are 36.7% and 63.3% respectively.
• What is the value expected for the cumulative market size?

• The expected value of cumulative market size is USD 438 billion.

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