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The compostable plastic market size is forecast to increase by USD 2.89 billion at a CAGR of 19.16% between 2023 and 2028. The market is experiencing significant growth due to increasing concerns over plastic pollution and the need for ethical waste management. This trend is particularly prominent in the e-commerce industry, where the demand for environmentally friendly packaging, shipping materials, and mailing bags is on the rise. As online shopping continues to rise, the carbon footprint of delivery services becomes a major concern. In response, governments and businesses are encouraging the adoption of compostable plastics as a sustainable alternative to conventional plastics. However, the high costs associated with compostable plastics remain a challenge, which may hinder their widespread adoption. Key market growth factors include the growing use of compostable packaging and government initiatives encouraging the replacement of conventional plastics. Despite the challenges, the benefits of compostable plastics in reducing plastic pollution make them an attractive option for businesses and consumers seeking to minimize their environmental impact.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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