As of May 2020, the global market value of sustainable plastic packaging was estimated to be 89 billion U.S. dollars. It is expected that this figure will further increase at a compound annual growth rate of 5.6 percent between 2020 and 2025, reaching some 117.3 billion U.S. dollars by the latter year. Sustainable plastic packaging refers to naturally-biodegradable plastic materials, with a large presence in the food and beverage industry, among other uses.
Market value of sustainable plastic packaging worldwide in 2020 and 2025 (in billion U.S. dollars)
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MarketsandMarkets. (May 1, 2020). Market value of sustainable plastic packaging worldwide in 2020 and 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved March 04, 2021, from https://www.statista.com/statistics/1136580/global-sustainable-plastic-packaging-market-size/
MarketsandMarkets. "Market value of sustainable plastic packaging worldwide in 2020 and 2025 (in billion U.S. dollars)." Chart. May 1, 2020. Statista. Accessed March 04, 2021. https://www.statista.com/statistics/1136580/global-sustainable-plastic-packaging-market-size/
MarketsandMarkets. (2020). Market value of sustainable plastic packaging worldwide in 2020 and 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: March 04, 2021. https://www.statista.com/statistics/1136580/global-sustainable-plastic-packaging-market-size/
MarketsandMarkets. "Market Value of Sustainable Plastic Packaging Worldwide in 2020 and 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 May 2020, https://www.statista.com/statistics/1136580/global-sustainable-plastic-packaging-market-size/
MarketsandMarkets, Market value of sustainable plastic packaging worldwide in 2020 and 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1136580/global-sustainable-plastic-packaging-market-size/ (last visited March 04, 2021)