PUBLISHER: Grand View Research | PRODUCT CODE: 1575083
PUBLISHER: Grand View Research | PRODUCT CODE: 1575083
The global biodegradable plastic additives market size was estimated at USD 2,224.56 million in 2023 and is projected to grow at a CAGR of 9.12% from 2024 to 2030. Rising non-degradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for sustainable alternatives to effectively manage plastic pollution.
The market is witnessing a notable shift toward sustainability as global consumers and businesses increasingly prioritize environmentally friendly alternatives. Governments and regulatory bodies are promoting eco-friendly solutions through stringent regulations and bans on single-use plastics, driving manufacturers to incorporate biodegradable plastic additives in their production processes. In addition, the growing awareness among consumers regarding the environmental impact of traditional plastics is fueling demand for biodegradable packaging, particularly in industries such as food and beverage, personal care, and healthcare.
Global Biodegradable Plastic Additives Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global biodegradable plastic additives market report based on form type, application, and region: