Biodegradable Films Industry Set for Strong Growth as Sustainable Packaging Adoption Accelerates
The global biodegradable films market was valued at US$ 1.3 billion in 2022 and is projected to reach US$ 2.3 billion by the end of 2031. The industry is estimated to expand at a CAGR of 6.6% from 2023 to 2031, driven by increasing demand for sustainable packaging solutions, rising environmental concerns, and stricter regulations promoting eco-friendly materials across multiple industries.
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