Biodegradable plastics are the type of plastics that undergo decomposition over a period of time under composting conditions. A bioplastic is a plastic that is made partly or wholly from materials derived from biological sources, such as sugarcane, potato starch or the cellulose from trees and straw. Bioplastic film compounds are used for products like shopping bags, fruit and vegetable bags as well as for labels, agricultural applications and a lot more.
The biopolymer films market is slated to cross USD 6 billion by 2024. In 2018, global demand for these polymers is 360,000 metric tons, but total consumption of biodegradable polymers is expected to increase to almost 550,000 metric tons by 2023.
This facilitates the development of new technologies and ensures a high quality product.
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