The biodegradable plastic market is expanding rapidly as governments and industries address environmental pollution caused by conventional plastics. Biodegradable plastics decompose naturally, reducing long-term environmental impact.Packaging is the largest application segment, driven by demand for sustainable food, beverage, and consumer goods packaging. Agriculture, medical, and consumer product applications further support market growth.
Technological advancements are improving the strength, flexibility, and cost efficiency of biodegradable plastics. Government regulations banning single-use plastics and rising consumer awareness strongly encourage adoption.
Asia-Pacific and Europe lead market growth due to strict environmental policies. Overall, the biodegradable plastic market is expected to grow significantly as sustainability becomes a global priority.
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