Global Biodegradable Packaging Market by Material Types, Applications, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Biodegradable Packaging Market is valued to reach USD 124.2 Billion by 2025, growing at CAGR of 6.8% over forecast period 2020–2026. Rising adoption of biodegradable packaging in various sectors due to its low impact on environment as compared to conventional packaging and reduction in the amount of waste material produced are the factors augmenting the market.

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Market Trends, Drivers, Restraints, and Opportunities:

Growing awareness among customers regarding the impact of conventional packaging products is fueling market growth.
Strict policies and regulations in various countries to minimize plastic waste are propelling market growth.
Higher prices of biodegradable packaging as compared to conventional packaging are projected to restrain the growth of the market.
Advancements for the production of cost-effective plastic biodegradable packaging are creating new growth opportunities.