The extensive application of non-renewable polymers has brought about deep environmental concerns, demonstrating the immediate requirement for new biodegradable and biobased packaging choices. The work offers an in-depth look at a wide array of degradable and biobased polymers like Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), and Polyvinyl Alcohol (PVOH), as well as starch and cellulose materials, discussing their qualities, uses, and the issues faced in food packaging. These types of green polymers, either in new ways or from renewable sources, offer great advances not only from decomposition into harmless parts but also from the reduction of environmental damage. The essay covers the exploitation side of this material, be it the role of PLA in enzymatic, hydrolytic, or microbial degradations, or the main tactical function of PHA in terms of a water barrier aimed at preserving the quality of stored food. Additionally, the multifunctionality of these substances is represented anew in packaging dairy goods, such as fruits, and vegetables, and specialized applications like edible films or water-soluble bags. The participation of compostable polymers has become increasingly vital in the area of food packaging to meet consumers’ demands and to upgrade the present science technologies aimed at guiding food producers who are looking for more sustainability in their business.