Environmental concerns are raising the profile of biodegradable plastic, which is forecast to grow to more than $6 billion in market size by 2023. As researchers continue to develop new materials and improve properties, biodegradable polymers are poised to revolutionize everything from food packaging to medical devices.
Demand for biodegradable polymers has been rising as a result of environmental concerns regarding the use of nonrenewable materials. Styrofoam and other plastics are among the most produced materials used for packaging and other applications. Such materials cause land and water pollution and have been linked in some studies to health problems in humans and animals. In order to solve these issues, scientists and engineers are diligently innovating and creating new biodegradable polymers. They are widely used in different fields and applications, such as packaging, agriculture, and healthcare. Different kinds of materials used to develop biodegradable polymers are being researched and tested by scientists and engineers to evaluate their effectiveness, safety, and environmental sustainability. Biodegradable polymers are being integrated into society and becoming a norm in plastic packaging that promotes a healthy, sustainable lifestyle. Indeed, it is becoming the next big thing: The market size of biodegradable plastics is expected to grow to $6.12 billion by 2023, according to a business report from MarketsandMarkets.