In Delaware, Future Markets Insights reported that the global biobased biodegradable plastics market is expected to reach $6.3 billion in 2025 and $15.6 billion by 2035.
This market boom, reflecting a CAGR of 9.5%, is driven by global environmental priorities, sweeping regulatory changes, and surging demand for sustainable materials across diverse industries, the research stated.
The research found that the United States is projected to grow at a CAGR of 5.2% from 2025 to 2035 in the biobased biodegradable plastic market.
Meanwhile, the European Union leads with a CAGR of 5.5%, reflecting strong policy and consumer demand for sustainable materials, while Japan is anticipated to grow at a CAGR of 4.3%, indicating steady but slower adoption.