Is using str_replace the best method for replacing template placeholders in this scenario, or are there alternative approaches?

The issue is replacing template placeholders with dynamic content in a PHP application. One common approach is to use the str_replace function to search for placeholder strings and replace them with the corresponding values. However, an alternative approach could be using a template engine like Twig or Blade, which provides more robust features for handling templates and placeholders.

// Using str_replace to replace template placeholders
$template = "Hello, {name}! Today is {day}.";
$placeholders = ['{name}' => 'John', '{day}' => 'Monday'];

foreach ($placeholders as $placeholder => $value) {
    $template = str_replace($placeholder, $value, $template);
}

echo $template;