The global Biodegradable Plastics market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Factors such as customers shifting preferences towards eco-friendly plastic products, rising demand for biodegradable plastics in agricultural and packaging sectors are fuelling the growth of the market. However, high cost of biodegradable plastics compared to that of conventional plastics and lack of technology are restricting the market growth.