The market for biodegradable films is anticipated to expand at a CAGR of 5.6%. By 2032, the market value is anticipated to have grown from US$ 1,040.1 million in 2022 to US$ 1.7 billion. The market for biodegradable films, which was valued at US$ 1,000.5 Million in 2021, is expected to rise by 5.4% year over year …
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Biodegradable Films Market Booming At A CAGR Of ~3.6%, During 2021 – 2031
Biodegradable films, aluminum foil and paper-based packaging are some of the newer solutions for sustainable packaging to which industry giants are looking to opt for. The packaging market is expected to witness the higher demand for biodegradable films in the foreseeable future. Both types are 100% compostable. Due to the special bio-additives in the degradable …
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