TechNavio’s analysts forecast the Global Biodegradable Plastics market to grow at a CAGR of 19.60 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for more eco-friendly packaging materials. The growth of the packaging industry is influenced by the need for non-toxic biodegradable plastics, which in turn has resulted in the increased demand for biodegradable plastics. The Global Biodegradable Plastics market has also been witnessing the increased investment in new plants and research facilities for developing new biodegradable plastics in a cost effective manner. However, the high production costs associated …
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