Global Market Study on Oxo-biodegradable Plastic Packaging: Demand for Polyethylene Terephthalate (PET) to Surge in the Coming Years

Oxo Biodegradable Plastic Packaging  Market
  • Published On : Mar-2018 |
  • Pages : 159 Pages |
  • Format : Oxo Biodegradable Plastic Packaging  Market Oxo Biodegradable Plastic Packaging  Market Oxo Biodegradable Plastic Packaging  Market Oxo Biodegradable Plastic Packaging  Market

Environment preservation has been the main focus of governments across the globe since the past several years. Problems associated with environment mostly occur due to plastic bags that are used for packaging purposes that are not degradable. Consequently, packaging sector has witnessed the trend of biodegradable packaging, where manufacturers are developing eco-friendly packaging solutions. For instance, Oxo-biodegradable bags are a better alternative to ordinary plastic bags that are made of conventional plastic polymers (such as polypropylene, polyethylene, polyvinylchloride, polyethylene terephthalate, etc.). Oxo-biodegradable plastic bags are used in packaging of various products such as pharmaceuticals, snack food products, frozen food products, pet food, cheese packaging and coffee packaging. 

Expansion of the oxo-biodegradable plastic packaging market into the Middle East – a potential growth opportunity

Several countries encourage the adoption of Oxo-biodegradable plastics as a better alternative to conventional plastic packaging. This has largely contributed to the expansion of oxo-biodegradable plastic packaging market. Countries such as United Arab Emirates and Saudi Arabia have made it mandatory to use plastics that are oxo-biodegradable. This has made it imperative for trading companies to switch towards oxo-biodegradable plastic packaging solutions while dealing with United Arab Emirates and KSA. Middle East and Africa region, thus, has presented high growth opportunities for oxo-biodegradable plastic packaging market.

Leveraging the ongoing focus towards environment friendly packaging

Despite several large-scale manufacturers openly protesting the use of oxo-biodegradable plastics for packaging, small-scale manufacturers continue to market their oxo-biodegradable packaging products as an environment-friendly packaging solution that has appealed to a significant percentage of consumers who are conscious regarding environment health. Oxo-biodegradable films are viewed and marketed by many companies as a crucial solution for packaging waste. Opportunities are thus presented for the expansion of the global oxo-biodegradable plastic packaging market to leverage the ongoing growth spurt. This is more prominent in the Middle East, as well as Asian countries, such as India and China.  

Moreover, the term “oxo-biodegradable” is being used as a prominent marketing tool. Various manufacturers are marketing their oxo-biodegradable plastic products to enhance their brand image and promote it as an environment conscious entity. In addition, oxo-biodegradable plastic packaging manufacturers are focusing on incorporating additional features to their products, for instance excellent machinability, high printability and ink adhesion and good heat seal strength and moisture barrier. As per this analytical research report, the global market for oxo-biodegradable plastic packaging is poised to expand at a value CAGR of 5.4% during the period of forecast. Analysis of this market speaks about the sales revenue generated and expected to generate during the 2013-2026 timeline. By 2026, the global sales of oxo-biodegradable plastic packaging is estimated to surpass US$ 1 Bn.

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Demand and use of polyethylene (PE) in the manufacturing of oxo-biodegradable plastic packaging to be observed in the coming years

Polyethylene offers high resilience and strength, the two main factors necessary in effective packaging solutions. High demand for HDPE, LLDPE and LDPE has triggered increased production rate of PE. This has resulted in increased usage of the material in the manufacturing of biodegradable packaging products, such as oxo-biodegradable plastic packaging. In 2013, the market share of polyethylene as a material for oxo-biodegradable packaging was around 32% and is expected to grow in the coming years, to cross 35% by end of the forecast period (2026). By 2026 end, the polyethylene segment is expected to surpass US$ 360 Mn and grow at a high value CAGR during the forecast period. This segment is expected to be the most attractive, observes Persistence Market Research.

Persistence Market Research uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for oxo-biodegradable plastic packaging and the findings and insights have been skilfully crafted following a systematic structure in the new report named global oxo-biodegradable plastic packaging market.

Research Report Offers Support in Every Respect

The market research report on global oxo-biodegradable plastic packaging market is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analyses. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on oxo-biodegradable plastic packaging market has an in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global oxo-biodegradable plastic packaging market.

Market Segmentation

By Material Type

By Packaging Type

By End Use

By Region

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinylchloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Metal Salts
  • Bags & Sacks
  • Food Bags
  • Bin Liners
  • Garbage Bags
  • Shopping Bags
  • Pharmaceutical & Healthcare
  • Food & Beverages
  • Household & Personal Care
  • Industrial
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

A detailed competitive analysis covered in the research report

The global oxo-biodegradable plastic packaging market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global oxo-biodegradable plastic packaging market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the oxo-biodegradable plastic packaging market.

Report Delivers Value – Below Facts Support the Statement

  • In-depth market analysis, with scrutiny across important geographies
  • Weighted market segmentation to have a complete market understanding
  • Historical data, current statistics and a projected view of the market (forecasts) over a period of five years available in a well-structured format
  • Competitive landscape covering analyses on key players
  • Unbiased view of the global market drawing a realistic outline of data projections
  • Strong accurate research from a strategic standpoint to gain strategic advantage
  • Weighted analyses which covers each and every aspect of the global oxo-biodegradable plastic packaging market

Companies covered in Oxo Biodegradable Plastic Packaging Market Report

Company Profiles

  • 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
  • Others.

Oxo Biodegradable Plastic Packaging Market

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