Market Research Of Biodegradable Plastic Packaging Market By Knowledge Sourcing Intelligence
INTRODUCTION Biodegradable plastic packaging market is projected to witness a compound annual growth rate of 12.37% during the forecast period to reach a market size of US$10.132 billion by 2023, increasing from US$5.033 billion in 2017. Growing environmental concerns coupled with stringent regulatory standards has led the plastic manufacturers to develop biodegradable plastic. Manufacturing of biodegradable plastics requires less amount of energy and they do not need fossil fuels to be recycled. Rising demand for sustainable packaging solutions across industries such as food and beverage and pharmaceuticals is fueling the demand for biodegradable plastic packaging , thus bolstering the growth of global biodegradable plastic packaging market. Market Research is done by knowledge sourcing industry due to huge scope with respective industry. sample view of biodegradable plastic packaging market share Biodegradable Plastic Packaging Market by Type of Material By type