Global Biodegradable Bags Market was US$1470 Mn in 2017 and is expected to reach US$2900 Mn by end of 2026. at a CAGR of 7.84% from 2017 to 2026.
Global Biodegradable Bags Market is segmented by type, by application and by region. In terms of type Biodegradable Bags Market is classified into Oxo-biodegradable Bags and Hydrobiodegradable Bags. Food and beverages, pharmaceuticals, packaging, agriculture and composting, textiles are the application segments of Global Biodegradable Bags Market. Biodegradable bags are extensively used owing to their characteristics such as light weight and easy disposability. Biodegradable bags has been extensively used for packaging in various sectors across the globe. Over the years, the demand for biodegradable bag market is witnessing a higher growth due to the implementation of the stringent regulations on the use of non-degradable plastic by various governments across the world and increase in health awareness among the consumers. The food & beverage industry contributes heavily to the biodegradable packaging industry. Thus, the growth of the food and beverages related packaging will promote the biodegradable bag market growth in coming years. Geographically Biodegradable Bags Market is segregated into North America, Latin America, Asia-Pacific, Europe and Middle East & Africa. The U.S. accounted for the largest market share in bio-degradable bags mainly due to increasing concerns regarding the environment in people, which is anticipated to fuel the global market in future.
Global Biodegradable Bag Market
With the growth in environmental concerns, there is a continuous rise in consumer awareness towards the use of eco-friendly products. Thus, the customer preference towards eco-friendly clean substitutes from traditional synthetic products is anticipated to fuel the demand for Oxo-