Since there is often confusion when talking about bioplastics, let's clarify some terms first.
Degradable – All plastic is degradable, even traditional plastic, but just because it can be broken down into tiny fragments or powder does not mean the materials will ever return to nature. Some additives to traditional plastics make them degrade more quickly. Photodegradable plastic breaks down more readily in sunlight; oxo-degradable plastic disintegrates more quickly when exposed to heat and light.
Biodegradable – Biodegradable plastic can be broken down completely into water, carbon dioxide and compost by microorganisms under the right conditions. "Biodegradable" implies that the decomposition happens in weeks to months. Bioplastics that don't biodegrade that quickly are called "durable," and some bioplastics made from biomass that cannot easily be broken down by microorganisms are considered non-biodegradable.
Compostable – Compostable plastic will biodegrade in a compost site. Microorganisms break it down into carbon dioxide, water, inorganic compounds and biomass at the same rate as other organic materials in the compost pile, leaving no toxic residue.