Biodegradable Tableware Market Future Growth, Opportunities, New Product Developments, Competitive Landscape, Latest Insights and Forecast by 2030
The Biodegradable Tableware Market was assessed at USD 0.9 billion in 2022. Projections indicate that the industry will escalate from USD 0.95 billion in 2023 to USD 1.39 billion by 2030, showcasing a compound annual growth rate (CAGR) of 6.45% during the forecast period spanning from 2023 to 2030.
The burgeoning pollution caused by the widespread use and disposal of plastic is propelling the market forward. Governments are also taking steps to reduce the usage of plastic tableware, which will help to drive market growth in the future.