Global market value of biodegradable plastic packaging 2019-2026

Published by
Madhumitha Jaganmohan,
Jan 10, 2024
Biodegradable plastic packaging is a growing market. In 2020, the global market value of biodegradable plastic packaging amounted to nearly 2.8 billion U.S. dollars. By 2026, it is forecast to grow to nearly nine 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 2020, with a forecast for 2026 (in billion U.S. dollars)

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Release date

2021

Region

Worldwide

Survey time period

2019 and 2020

Supplementary notes

* Forecast based on a compound annual growth rate of 20.7 percent during the forecast period 2021-2026.
This statistic has been assembled using more than one edition of the press release for this report.

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