The global bioplastics market size is estimated to reach USD 44.77 billion by 2030 and is anticipated to expand at a CAGR of 19.5% during the forecast period, according to a new report by Grand View Research, Inc. An increase in demand for plastic alternatives has been observed in the market, owing to the rising concerns over the use of plastics. With the rapid pace of innovation and new...

The global post-consumer recycled plastics market was valued at approximately USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by the increasing sustainability initiatives adopted by food and beverage as well as packaging companies, which are making efforts to integrate...

Petrochemicals Industry Overview The global petrochemicals market was valued at USD 619.28 billion in 2023 and is projected to experience a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. This anticipated growth is primarily driven by an increase in demand for downstream products across various end-use industries, including...

The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic...

The global market for post-consumer recycled (PCR) plastics was valued at USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts...

Recycled Plastics Industry The global recycled plastics market size was valued at USD 96.48 billion in 2023 and is expected to exhibit grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. Increasing environmental concerns, rapid urbanization & industrialization, and the rising need to reduce the carbon footprint in the manufacturing of virgin plastic resin...

Recycled Plastics Industry The global recycled plastics market size was estimated at USD 51.70 billion in 2023 and is projected to grow at a CAGR of 9.5% from 2024 to 2030. Increasing plastic consumption in the production of lightweight components which are used in various industries including building & construction, automotive, electrical & electronics, and various other...

As of 2023, the recycled plastics market is valued at approximately USD 70.0 billion. This valuation reflects the growing adoption of recycling practices and increasing demand for recycled plastic products across various industries. Projected Growth and Market Size by 2030 Looking ahead, the market is projected to surpass USD 121.7 billion by 2030. This growth represents a compound...