Biodegradable plastics had a market value amounting to approximately one billion U.S. dollars in 2022. This figure is forecast to increase to nearly 2.2 billion U.S. dollars by 2028.
Biodegradable plastics are expected to help to mitigate the environmental pressures associated with conventional, single use plastics, though biodegradable plastics have a few shortcomings as well. The leading end-use sector of biodegradable plastics is packaging, both flexible and rigid.
Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028
(in million U.S. dollars)
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Renub Research. (November 25, 2024). Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/
Renub Research. "Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028 (in million U.S. dollars) ." Chart. November 25, 2024. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/
Renub Research. (2024). Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028 (in million U.S. dollars) . Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/
Renub Research. "Market Value of Biodegradable Plastics in The United States in 2022 with a Forecast for 2028 (in Million U.S. Dollars) ." Statista, Statista Inc., 25 Nov 2024, https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/
Renub Research, Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/ (last visited December 26, 2024)
Market value of biodegradable plastics in the United States in 2022 with a forecast for 2028 (in million U.S. dollars) [Graph], Renub Research, November 25, 2024. [Online]. Available: https://www.statista.com/statistics/1058523/us-biodegradable-plastic-market-value/
