Sustainable alternative to single-use plastic packaging
Developing a biodegradable and compostable alternative to single-use plastic packaging can address the frustration of excessive waste in today's society. This could be achieved by using innovative materials made from renewable sources. Market size: The global biodegradable packaging market size is projected to reach $20.8 billion by 2025, growing at a CAGR of 14.0% during the forecast period.