MCD - A Look At The Biodegradable Plastics Sector And Some Leading Companies
This article first appeared on Trend Investing on 19 August 2019; therefore all data is as of this date.
The biodegradable plastic trend is gaining strength as governments and the public choose to avoid plastic that damages our environment. We throw away ~500 billion plastic bags per year, and plastic is a very long term environmental pollutant, hence it makes perfect sense to switch to bioplastics.
How plastics are damaging our oceans
Source: How is plastic totally ruining the oceans in the worst way possible?
Biodegradable plastic (also called 'bioplastic') refers to plastic made