Bioplastics Industry Is Projected To Reach USD 2,470.60 Kilotons in 2021
Bioplastics Industry Data Book Covers Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Markets. The economic volume generated by the bioplastics industry was estimated at approximately 2,470.6 kilotons in 2021. Biodegradable Plastic Market Report Highlights The global biodegradable plastic market size was estimated at USD 4.1 billion in 2021, and it is projected to reach USD 10.0 billion by 2030, rising at a CAGR of 16.2% CAGR (2022-2030). The PHA segment is projected to expand at a noteworthy CAGR of 10.2% in terms of revenue during the forecast period Packaging is the largest application segment that accounted for more than 60.0% of revenue in 2021, followed by the agriculture sector Europe is the largest region in terms of value and volume. However, Asia Pacific is expected to emerge as the fastest-growing region for biodegradable plastics Polylactic Acid Market Report Highlights The global polylactic acid market size was va...