Biodegradable Plastic Market Boosted by Government Policies on Single-Use Plastics Ban
The Biodegradable Plastic Market is experiencing remarkable growth, valued at USD 7.1 billion in 2023 and projected to exceed USD 25.5 billion by 2030, registering an impressive compound annual growth rate (CAGR) of 21.4% between 2024 and 2030. This surge is driven by rising environmental concerns, stringent regulations on conventional plastics, and increased demand for sustainable...
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