Forecast of Global Biobased Biodegradable Plastics Market 2023

The worldwide market for Biobased Biodegradable Plastics is expected to grow at a CAGR of roughly 11.0% over the next five years, will reach 1600 million US$ in 2023, from 850 million US$ in 2017. Bioplastics are plastics derived from renewable biomass sources, such as vegetable fats and oils, corn starch, or microbiota. Bioplastic can be made from agricultural by-products and also from used plastic bottles and other containers using microorganisms.