The Global Bioplastic market size is valued at around USD 8.21 billion in 2024 and is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28. Some factors that have attributed to growth are increasing sustainability consciousness among consumers & industry players, stringent government regulations being placed in many regions, a growing number of biodegradable options available, etc. They are now widely used in several industries such as packaging, agriculture products, automotive, electronics, etc., due to which a diverse demand is created for them.
Global Bioplastic market size is valued at around USD 8.21 billion in 2024 – MarkNtel