Biodegradable Fabrics Market Growth Accelerated by Strong Government Support
Biodegradable Fabrics Market Biodegradable fabrics are made from sustainable and eco-friendly materials that decompose naturally without harming the environment. These fabrics are beneficial as they reduce pollution caused by the disposal of non-biodegradable textiles. Biodegradable fabrics are increasingly being used in various applications like apparel, home textiles, and agricultural fabrics. The global Biodegradable Fabrics Market is estimated to be valued at US$ 6.76 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Growing awareness regarding environmental protection and scarcity of landfill space has compelled governments worldwide to implement stringent regulations promoting the use of biodegradable products. Many countries have either banned or levied heavy taxes on non-biodegradable plastics. This strong policy push by regulators is a major f