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)
* 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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Mordor Intelligence. (June 17, 2021). Market value of biodegradable plastic packaging in 2019 and 2020, with a forecast for 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/
Mordor Intelligence. "Market value of biodegradable plastic packaging in 2019 and 2020, with a forecast for 2026 (in billion U.S. dollars)." Chart. June 17, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/
Mordor Intelligence. (2021). Market value of biodegradable plastic packaging in 2019 and 2020, with a forecast for 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/
Mordor Intelligence. "Market Value of Biodegradable Plastic Packaging in 2019 and 2020, with a Forecast for 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Jun 2021, https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/
Mordor Intelligence, Market value of biodegradable plastic packaging in 2019 and 2020, with a forecast for 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/ (last visited December 21, 2024)
Market value of biodegradable plastic packaging in 2019 and 2020, with a forecast for 2026 (in billion U.S. dollars) [Graph], Mordor Intelligence, June 17, 2021. [Online]. Available: https://www.statista.com/statistics/1136290/global-biodegradable-plastic-packaging-market-size/
