As biodegradable plastics fall under the "green" category, they exhibit high potential for growth compared to other thriving environment-friendly technologies in the renewable energy and chemicals segments. Opportunities are proliferating in key application areas such as packaging/plastic bags, agriculture, consumer goods, electronics, automotive, and healthcare. Growth in this sector occurs due to factors such as climate change, favorable governmental measures, and green procurement policies practiced by governments as well as corporate entities. Stringent environmental regulations are driving the development of bio-based products and triggering the growth of the biodegradable plastics industry.