Understanding various facets of the global oxo-biodegradable plastic packaging market, Persistence Market Research has come up with an analytical and extensive research publication titled “Oxo-Biodegradable Plastic Packaging Market: Global Industry Analysis (2013-2017) and Forecast (2018-2026)”. The comprehensive oxo-biodegradable plastic packaging market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global oxo-biodegradable plastic packaging market. These factors vary in magnitude in different regions for which a detailed analysis is covered in the research report. Along with this, an in-depth assessment on competition is covered and forecasts for a period of eight years, from 2018-2026, are elaborated with respect to each segment and sub-segment of the global oxo-biodegradable plastic packaging market.
Key players involved in the manufacturing and distribution of oxo-biodegradable plastic packaging products are focusing on investing in research to develop innovative packaging solutions with additional features that can enhance the quality and usability of the product. Main players competing in the global oxo-biodegradable plastic packaging market are :
- UNIBAG MAGHREB
- EPI Environmental Technologies Inc.
- Wells Plastics Ltd.
- Willow Ridge Plastics Inc.
- Elif Plastik Ambalaj Sanayi Ve Ticaret Anonim Sirketi
- Symphony Polymers Pvt. Ltd.
- Newtrans USA Company
- Licton Industrial Corp.
- Symphony Environmental Technologies PLC
- Add Plast
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/11947
Global Oxo-Biodegradable Plastic Packaging Market – Forecast Analysis
As per the analytical research study carried out on oxo-biodegradable plastic packaging, the global market is expected to soar at a rate of 5.4% (value CAGR) during the forecast period, mainly driven by increasing need for environment friendly packaging solutions and supportive government regulations with respect to use of oxo-biodegradable plastics for packaging. In 2017, the global oxo-biodegradable plastic packaging stood at US$ 637.3 Mn and is estimated to reach a value higher than US$ 1000 Mn by end of the assessment period (2026).
Awareness of Environment Health and the Need to Curb Plastic Pollution to Offer Potential Growth Opportunities for Oxo-Biodegradable Plastics
Since the last few years, plastic has been a vital component in the packaging industry. A higher percentage of various types of plastics are being used for packaging, and are also being discarded after use. Most of the plastic ends up in landfills where they take several years to degrade. This has created a huge concern for environment health and little has been done to eradicate the issue. As complete elimination of plastic is not possible, manufacturers have been promoting use of biodegradable packaging solutions, such as oxo-biodegradable plastic products. This has triggered the adoption of oxo-biodegradable plastic packaging solutions and is expected to drive the growth of the global market.
For critical insights on the keyword market, request for methodology here @https://www.persistencemarketresearch.com/methodology/11947
Supportive Government Regulations Regarding the Use of Oxo-Biodegradable Plastics to Drive Increased Adoption
Although oxo-biodegradable plastic packaging is going through a phase of instability in the west, which might prove to be a critical restraining factor in the coming decade, it is viewed as a key solution to curb the land and marine pollution problems. Many countries actively encourage oxo-biodegradable plastic packaging. For example, governments of various countries in Middle and Africa have made a mandate that the country will use only oxo-biodegradable plastics for packaging.
Key Segmental Highlights
- Asia pacific is expected to be an attractive region for oxo-biodegradable plastics. The manufacturing and adoption of these products is high in developing countries in the region. Asia Pacific oxo-biodegradable plastic packaging market is projected to grow at a high value CAGR during the forecast period
- Polyethylene material to witness high demand in the manufacturing of oxo-biodegradable plastics. Also, polyethylene terephthalate is gaining high traction
- Oxo-biodegradable garbage bags are expected to witness high demand in the coming years. The sales of this packaging type is expected to exceed US$360 Mn by end of 2026
- Pharmaceutical and healthcare sector have shown increased adoption of oxo-biodegradable plastic packaging since recent past. This end use industry is expected to largely contribute to the growth of the global market in the coming years
Get Full Access Summary Buy Now @ https://www.persistencemarketresearch.com/checkout/11947
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
“Strategic assets” form the repository of Persistence Market Research’s industry-specific solutions. This is evident from the range of clients – right from fast-growing startups to Fortune 500 companies looking upon Persistence Market Research as their trusted solution-partner.
Persistence Market Research
305 Broadway, 7th Floor
New York City, NY 10007
E-mail id- firstname.lastname@example.org