The global enzymatic plastic degradation market is focused on using enzymes to break down plastic waste sustainably. With growing environmental concerns and government regulations, the market is expanding rapidly.
MARKET SIZE (2024):
APPROXIMATELY USD 45 MILLION
PROJECTED MARKET SIZE (2032): AROUND USD 183.46 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 16.90% DURING THE FORECAST PERIOD.
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Moderate growth with improving waste management practices.
NORTH AMERICA
Strong growth due to eco-conscious policies and advanced biotech innovations.
Driven by strict environmental regulations and emphasis on circular economy
Fastest growth due to high plastic usage and increasing sustainability efforts.
