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Exactitude Consultancy Latest Published Biodegradable Films Market Research Report by Biodegradable Films Market by Type (PLA, Starch Blends, Biodegradable Polyesters, and PHA), Application (Food Packaging, Agriculture & Horticulture, Cosmetic & Personal Care Products Packaging, and Industrial Packaging) and by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Global trends and forecast from 2022 to 2029

The market is broadly segmented into type, application, and region. On the basis of type, PLA is expected to be the largest segment of the biodegradable films market, by type. Because it has no detrimental impact on food pricing or supply, it is widely employed in the packaging sector. It’s frequently used with starch to improve biodegradability and cut costs. Thermoformed goods, such as drink cups, takeaway food trays, containers, and planter boxes, are among PLA’s most common uses. It has a high stiffness and can be used to replace polystyrene and PET in certain applications. PLA is quickly gaining popularity since it is more cost-effective to produce than other biodegradable plastics. On the basis of application, food packaging is the fastest-growing application of biodegradable films, according to estimates.

Biodegradable films market size was valued at USD 1.1 billion in 2020 and is projected to reach USD 2.03 billion by 2029, growing at a CAGR of 7.1% from 2022 to 2029.

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