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Global market value of biodegradable plastic packaging 2019 & 2025

Biodegradable plastic packaging is a growing market. In 2019, the global market value of biodegradable plastic packaging amounted to nearly 4.7 billion U.S. dollars. By 2025, it is forecast to grow to nearly 12.1 billion U.S. dollars. Biodegradable plastics are a sought-after ecologically friendly alternative to conventional plastics because conventional plastics can take up to an estimated 1,000 years to decompose.

Market value of biodegradable plastic packaging in 2019 and 2025

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Source

Release date

2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast based on a compound annual growth rate of 17.04 percent during the forecast period 2020-2025.

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