Biodegradable Bag Market - Forecast(2020 - 2025)
The global biodegradable bag market is estimated to surpass $XX billion by 2024, growing at an estimated CAGR of more than XX% from 2018 to 2024. The market is majorly driven by the stringent environmental regulations regarding the usage of plastics and the growing awareness among consumers about human health. What are biodegradable bags? Biodegradable polymers (BDPs) or biodegradable plastics refer to polymeric materials that are capable of undergoing decomposition into carbon dioxide, methane, water, and inorganic compounds. Biodegradable plastic bags are made from polymers such as polyethylene, polystyrene and polypropylene containing extra ingredients and are tested to degrade or biodegrade in the open environment. Biodegradable plastic bags are extensively used owing to their characteristics such as light weight and easy disposability. Plastic has been extensively used for packaging in various sectors across the globe. Over the years, the demand for biodegradable plastic is ...