EARTH FRIENDLY PLASTIC BAGS
MARKET OVERVIEW
Earth friendly plastic bags, also known as biodegradable plastic bags, are created using materials that completely decompose over time. These bags leave no trace and are harmless to the environment. They require exposure to light and air for decomposition to begin, not starting from their manufacture date .
MARKET SIZE AND GROWTH
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MARKET SIZE (2024):
APPROXIMATELY USD 1.68 BILLION
PROJECTED MARKET SIZE (2032): AROUND USD 2.59 BILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.90% DURING THE FORECAST PERIOD.
By Type
Biodegradable Plastics
Compostable Plastics
Recycled Plastics
Others
MARKET SEGMENTATION
By Application
Retail
Food and Beverage
Pharmaceuticals
Agriculture
Others
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Emerging market; gradual shift
toward reducing plastic pollution.
EUROPE
Strong adoption due to strict sustainability laws and ecoconscious consumers.
NORTH AMERICA
Steady growth driven by environmental regulations and consumer awareness.
ASIA-PACIFIC
Fastest-growing market; supported by government initiatives and rising awareness.
KEY PLAYERS
BioBag
Sahachit
Plastiroll
Novolex
EnviGreen
