Global biodegradable plastics market 2015-2020

22 September 2015

According to a new report by MarketsandMarkets (M&M), the biodegradable plastics market is projected to grow from more than USD 2.0 Billion in 2015 to USD 3.4 Billion by 2020, at a CAGR of 10.8% between 2015 and 2020. PLA is expected to be the largest segment, in terms of volume, in 2015 with a market share of more than 45.1% of the total market. PLA is also expected to grow at the second-fastest rate among all the types of biodegradable plastics. The packaging application is expected to be the largest segment, both in terms of value as well as volume, in 2015 with a market share of more than 60.3% of the total biodegradable plastics market (Press Release M&M, 25 August 2015).
Click here for the press release.
Click here for more information about the report.

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