Global biodegradable plastics market value 2022-2032

Published by Statista Research Department, Nov 25, 2024

The global market value of biodegradable plastics in 2023 was nearly six billion U.S. dollars. It is forecast that the market value of biodegradable plastics worldwide will grow by more than threefold by 2032, to over 18 billion U.S. dollars. 

Biodegradable plastics are a subset of bioplastics that are biodegradable.

Market value of biodegradable plastics worldwide in 2022 and 2023, with a forecast for 2032 (in billion U.S. dollars)

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Release date

2024

Region

Worldwide

Survey time period

2022 and 2023

Supplementary notes

Forecast based on a CAGR of 13.44 percent between 2024 and 2032. 


This statistic was assembled using more than one edition of the report overview from the source.

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