Global Biodegradable Plastic Industry will grow with a CAGR of 8.72% during 2020-2027. Demand for biodegradable plastic has been rising due to environmental concerns regarding the use of non-renewable materials.

Biodegradable plastics are one set of materials that have become a popular replacement for conventional plastics as consumers demand green options to align with the environment.The positive impacts of biodegradable plastic are being regulated while society is transitioning towards a circular economy.

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