Predicting the Growth of the Market Volume of Biodegradable Polymers until 2030

Do you know…?

According to the report of Grand View Research, in 2021, the volume of the global market of biodegradable polymers was 4.1 billion dollars, of which 61% was related to packaging, 11% was related to agriculture, 11% was related to consumer goods, and 17% was related to other applications.

Europe dominated the biodegradable polymers market with a share of more than 43% in 2021. This is attributed to increased public awareness of plastic waste along with the European Union’s ban on single-use plastics. According to the prediction of this organization, the market volume of biodegradable polymers will reach 10 billion dollars by 2030 with an annual growth rate of 9.7%.

Ref: www.grandviewresearch.com

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