Danimer Scientific, Inc.

The global biodegradable plastic market is projected to reach $11.22 billion by 2031, growing at a CAGR of 9.5% during the forecast period. This growth is driven by government bans on single-use plastics and rising consumer awareness of the environmental impact of plastic waste.

Related tickers: EMN, TSE, DNMR.

The global polylactic acid market is expected to grow from $1.13 billion in 2023 to $6.44 billion in 2033, driven by rising demand for sustainable packaging, focus on addressing climate change, and expansion of the e-commerce industry. The market is segmented by type, form, raw material, and application, with the PDLA, films and sheets, and corn starch segments expected to be the fastest-growing.

Related tickers: TRYIY, BASFY, TINLY, DNMR, MTLHY, SUZRY.