Biodegradable Plastic Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the global Biodegradable Plastic Market size is predicted to reach USD 49.93 billion with a CAGR of 24.2% till 2030.

The increasing demand of biodegradable plastics can be attributed to the rising environmental concerns, which pushed governments to impose stringent regulations for eliminating single use plastics.

The biodegradable plastic market is segmented on the basis of type, end use industry, feedstock, application and geography. On the basis of type, the market is divided into biobased, biodegradable, fossil based and other. 

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