global Biodegradable Plastics Market Business Trends, Emerging Growth 2030

Biodegradable Plastics Market was valued US$ 3.02 Bn. in 2022 and is estimated to grow at CAGR of 15.1%, to reach US$ 8.10 Bn. by 2029 during the forecast period. Biodegradable Plastics Market Definition: Biodegradable plastic is bio-based material that can be recycled and decomposed by living microorganisms such as bacteria, cuprividus necator in the environment commonly produced by petrochemicals or renewable raw materials. Biodegradable plastic are eco-friendly takes less time to degrade and are no toxic.