Biodegradable Plastic Bags and Sacks Market: Increasing Awareness about Environmental Degradation to Drive Growth

The global market for biodegradable plastic bags and sacks stood at an initial market valuation worth US$1.4075 bn in the year 2017. This valuation is expected to grow and reach a figure worth US$2.052 bn by the end of 2022. This growth of the global market for biodegradable plastic bags and sacks is expected to be achieved with the help of an impressive CAGR of 6.9% over the course of the given forecast period of 2017 to 2022.

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A considerable problem of the non-recyclable waste caused due to disposal of conventional plastics across the globe has resulted into hazardous effect on the environment. This, in return has significantly helped in triggering the overall demand for biodegradable plastics.

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The decomposition of the biodegradable plastics is possible with the natural processes such as composting and with the help of microorganisms. This is one of the most notable features of biodegradable plastic bags and sacks and is thus an important factor in its large scale adoption across the globe.

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A number of environmental advantages are associated with the use of biodegradable bags and sacks, chiefly because they are made of materials derived from plants. This is also expected to boost the overall development of the global market for biodegradable bags and sacks market over the coming years of the forecast period. It is also projected that this will help in broad adoption of these bags and sacks in various sectors such as consumer, retail, industrial, and institutional among others.

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