Global Plastic Market to Reach USD 714.03 Billion by 2030, Growing at a CAGR of 5%
The Global Plastic Market, valued at USD 507.45 billion in 2023, is expected to grow at a CAGR of 5%, reaching USD 714.03 billion by 2030. The market is witnessing advancements in biodegradable plastics, recycling innovations, and regulatory policies that shape the industry’s future. With increased demand from packaging, automotive, healthcare, and electronics industries, the plastic market remains a key driver of industrial and consumer goods sectors worldwide.
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