Biodegradable Plastics Market, Key Market Players, SWOT, Revenue Growth

The biodegradable plastic industry is subjected to frequent technical innovations, as the firms are growing extremely competitive to capture a higher share. They are working on enhancing their production capacities while new contenders are striving to gain entry. Partnerships, mergers, new launches, and acquisition are some of the chief strategies being employed by these companies to elevate their business standing. For instance, in July 2021, Danimer Scientific Inc., a renowned bioplastics firm focused on developing biodegradable materials, acquired Novomer Inc., a well-known developer

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