Biodegradable Plastic Market
The global biodegradable plastic market is expected to expand at a substantial CAGR during the forecast period, 2020 u2013 2026.Biodegradable plastic is a plastic that decomposes naturally in the environment. This is mainly done by the microorganism present in the environment that breaks down the structure of biodegradable plastic. It is manufactured by micro-organism, renewable raw material, petrochemicals, and the combination of these three. Biodegradable plastic is eco-friendly and has no toxicity. It costs relatively higher over conventional plastics as it is produced using renewable raw material. This type of plastic is mainly produced using natural plant material which mainly includes corn oil, orange peels, starch, and plants. Therefore, biodegradable plastic is environmentally free as it manufactured using renewable material.
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