The Future Will Be The World Of Biodegradable Bags?.
The actions of "restricting or stopping the use of plastic bags and other disposable plastic products such as straws" initiated by Western European countries will further promote the market demand for biodegradable plastics. Will biodegradable plastics dominate the future? The analysis of IHS Markit, a world-renowned consulting company, pointed out that the "restriction or cessation of use of plastic bags and other disposable plastic products such as straws" initiated by Western European countries will further promote the market demand for biodegradable plastics. The global market for biodegradable plastics exceeded US $ 1.1 billion in 2018. IHS Markit predicts that by 2023, the global market for biodegradable plastics is expected to reach US $ 1.7 billion. In 2018, the global demand for biodegradable polymers was 360,000 metric tons, but IHS predicts that by 2023, the global consumption of biodegradable polymers may increase by more than 50% to 550,000 metric tons,...