A larger of companies in the global market for biodegradable plastics are concentrated in North America and Europe. In 2014, BASF SE, Corbin, and Nature Works LLC had collectively accrued a share of approximately 33% of the total market volume. As per a research report titled “ Biodegradable Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 ”,recently published by Transparency Market Research, a collective segment of electronics, medical, and others are expected to take up focus from key biodegradable plastics manufacturers around the world. The degree of competition is expected to remain moderate over the coming years due to the high price sensitivity of raw materials and production process, along with the diverse pricing strategies adopted by prominent players. The global market for biodegradable plastics is expected to expand at a very optimistic CAGR of 9.9% within a forecast period from 2015 to 2023, in terms of revenue. ...
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