The term "bioplastics" is actually used for two separate things:
Fragmentation – First step in the biodegradation process, in which organic matter is broken down into microscopic fragments.
Biodegradability – Complete microbial assimilation of the fragmented product as a food source by the microorganisms in the disposal environment.
Compostability – Complete carbon assimilation within 180 days in an industrial compost environment.
Bio-based And Bio Degradable : These are usually materials made from cellulose acetate (plant based) or lactic acid based blends (pure starch blends) and are used for primarily single use plastics like cutlery or some applications across panel/agriculture.
Some examples are :
PLA : Poly Lactic Acid
PHA : Poly Hydroxyalkanoates
And other plant based cellulose compounds
They are completely biodegradable as per the standards specified under ASTM D6400 / EN13432.
Oil-based and Biodegradable : Traditional oil based polymers which are biodegradable have existed for many years and usually being used for applications such as stents, tissue engineering and other biomedical applications.
Some examples are : PBAT, PBS and PCL