The Global Plastic Eating Bacteria Market Growth is projected to Driven by Sustainability Needs
The Global plastic eating bacteria market is estimated to be valued at US$ 263.3 Thousands in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the plastic eating bacteria market are Carbios, Pyrowave, EREMA, and Sidel Group. Carbios is a pioneer in the development of enzymatic bioprocesses to lead the transition towards a plastic circular economy. Pyrowave is commercializing PET-biodegrading enzyme technologies to aid sustainable packaging. EREMA focuses on developing fully integrated solutions to recover high-quality recycled PET flakes and pellets from post-consumer PET waste via a bacteria-aided enzymatic hydrolysis process.
The Global Plastic Eating Bacteria Market Growth is growing due to the global plastic waste crisis. Increasing environmental awareness and stringent regulations on plastic waste are propelling research on advanced plastic waste treatment technologies. Plastic eating bacteria can potentially complement traditional mechanical recycling processes by enabling the recycling of plastic waste that is currently deemed non-recyclable through existing techniques.
Major players are also expanding globally to address the need for plastic waste management solutions across regions. For instance, EREMA has established subsidiaries worldwide, including India, China, Brazil and Turkey to boost sustainability via innovative plastic recycling technologies. Carbios tied up with MicroBio to deploy its plastic digesting enzyme technologies across North America.
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