The Global Bioplastics Market, estimated at around USD 16 billion in 2024, is projected to grow at an impressive ~15% compound annual growth rate (CAGR), reaching approximately USD 33 billion by 2031. This surge reflects rising eco conscious consumer behavior, innovation in polymer feedstocks, expanding compostable packaging mandates, and growing application across automotive, textile, agriculture, and consumer goods sectors.
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Market Overview & Estimation
According to industry data, the agriculture automation and control systems market was valued at approximately USD 20 billion in 2023, and it is projected to reach USD 35 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. These figures reflect a strong upward trajectory, fueled by increasing adoption of precision farming, robotics, smart greenhouses, and livestock monitoring solutions. The primary drivers...
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