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Biodegradable Films Holds Huge Potential in Reducing the Use of Plastics. Asia Pacific to Witness the Highest Growth.

Biodegradable Films Market is expected to exceed the market valuation of more than US$ 15,000 million in 2022 and is expected to grow at a significant CAGR of approximately 5% during the forecast period (2023-2030). The excessive use and disposal of plastic packaging materials have drawn increasing concerns from society because of the detrimental effect on the environment and ecosystems. …

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biodegradable films market

Rising demand for biodegradable packaging materials from the food and beverage industry is fueling the market for biodegradable films

The global biodegradable films market is likely to showcase a growth of around 7% during the forecast period. Increasing demand for biodegradable packaging materials from both individual and institutional buyers due to strict government regulations like banning the use of single-use plastics to lower the potential for global warming, ozone depletion, and smog formation and increasing awareness among the population …

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