News

Renub Research's latest report, "United States Biodegradable Plastics Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" the United States Biodegradable Plastics Market is estimated to reach US$ 2.18 billion by 2028. The United States is the richest developed country on Earth. The growing demand for greener and safer products is triggering innovations in the U.S. bio plastics industry. Biodegradable plastics are the type of plastics that undergo decomposition over some time under composting conditions. The global biodegradable plastics market accounts for less than 1% of the overall plastics market.

However, it is expected to proliferate over the next five years. One percent of the 360 million annually manufactured plastic tons can be listed as bio-plastics. The market for biodegradable plastic is growing in the U.S. due to increasing growth driven by continuous R&D activities, increased environmental awareness, and stringent e

According to Renub Research report, tittled “Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Biodegradable Plastics Market was USD 4.3 Billion in 2021. In the wake of plastic pollution increasing worldwide, biodegradable plastics are one of the fastest-growing segments within the global plastics industry. Nevertheless, Bioplastic is a sustainable material derived from renewable feedstocks, and is an alternative to petroleum-based plastics. It can reduce 30-70% of carbon dioxide emissions. It represents 42% reduction of carbon footprints. The production of bioplastic requires 65% less energy than conventional petroleum plastic.

How Covid-19 Helped the Biodegradable Plastics Industry to Grow

The global biodegradable plastics industry witnessed a positive impact owing to the novel coronavirus lockdown globally. The number of medical items like sanitizer bottles, face masks, and gloves increased, creatin