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Biodegradable Plastic Bags and Sacks Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Biodegradable Plastic Bags and Sacks Market SizeThe global Biodegradable Plastic Bags and Sacks revenue was US$ 1914.3 million in 2022 and is forecast to a readjusted size of US$ 2690 million by 2029 with a CAGR of 4.0% during the forecast period (2023-2029).
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Global key players of biodegradable plastic bags and sacks include BioBag, Novolex, EnviGreen, BASF, etc. The top four players hold a share about 30%. Europe is the largest market, with a share over 60%, followed by Asia-Pacific, and North America, both have a share about 35 percent.
This report focuses on global and India Biodegradable Plastic Bags and Sacks market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Biodegradable Plastic Bags and Sacks will continue to grow rapidly in the future.
By Type
• Polylactic acid (PLA)
• Polyhydroxyalkanoate (PHA)
• Starch Blends
By Application
• Food Packaging and Industrial Packaging
• Convenient for Shopping
• Garbage Containing
Key Companies
BioBag, Novolex, EnviGreen, BASF, Plastiroll, Sahachit, Xtex Polythene, RKW Group, Abbey Polythene, Sarah Bio Plast, Bulldog Bag, Symphony Polymers, Jiangsu Torise biomaterials, JUNER Plastic packaging
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