U.S. biodegradable plastic market value 2014-2025
Biodegradable plastics had a market value amounting to approximately 645 million U.S. dollars in 2017. This figure is forecast to increase to 1.77 billion U.S. dollars by 2025. Biodegradable plastics are expected to help to mitigate the environmental pressures associated with conventional, single use plastics, though biodegradable plastics have a few shortcomings as well. The leading end-use sector of biodegradable plastics is packaging, both flexible and rigid.