Plastic Regulatory Market is Estimated to Witness High Growth Owing to Opportunity of Strict Government Regulations
Plastic Regulatory Market The Plastic Regulatory Market product includes policies, regulations, and restriction enforced by governments to monitor and control the production, use, and disposal of plastic. Plastic has widespread applications across industries like packaging, construction, electrical & electronics, automotive, among others owing to its lightweight, low cost and durability. However, improper disposal of plastic waste cause detrimental effects on the environment and public health. Governments across the globe are implementing stringent policies to regulate plastic usage and promote sustainable alternatives. The Global Plastic Regulatory Market is estimated to be valued at US$ 39.29 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity of strict government regulations will drive the growth of the Plastic Regulatory Market. Go