Global Biodegradable Plastics Market to reach USD 7.15 Billion driven by Growing demand for Sustaina

Renubresearch0108 Apr, 2023Business

Global Biodegradable Plastics Market is projected to experience a compound annual growth rate (CAGR) of 8.72% between 2021 and 2027. As consumers seek environmentally-friendly options, biodegradable plastics are emerging as a popular substitute for traditional materials. Unlike conventional plastics, which remain stable for hundreds of years and were initially valued for this property, biodegradable plastics can be decomposed by microorganisms, broken down into biomass, water, and carbon dioxide.