Press release
Potential Impact of COVID-19 on Oxo Biodegradable Bags Market
Global Oxo Biodegradable Bags Market: OverviewAn increasing global population is set to generate humongous amount of waste. This creates need for proper disposal, not damaging to the environment. Hence, conventional waste disposal techniques of ‘use-and-throw’ are no longer successful for a world that is increasingly seeking sustainable development.
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In light of the above, oxo biodegradable bags, made from polymers such as polyethylene, polystyrene and polypropylene, containing extra biological ingredients prove helpful since these can degrade or biodegrade in open environment. Additionally, it is worth noting here that better strength, heat resistance and longer shelf life also go in their favor
According to Transparency Market Research, the Oxo Biodegradable Bags Market is set to witness steady growth over the period of 2020 to 2030 due to an increased global consciousness towards ecological conversation which is leading to demand for eco-friendly ways of disposal of colossal amounts of waste generated.
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Global Oxo Biodegradable Bags Market: Competitive Landscape
The market for oxo biodegradable bags market has a decent number of players operating in its vendor landscape. Some of the key players that operate include:
Biopac India Corporation Ltd.
Smurfit Kappa Group
Mondi Group
BASF SE
WestRock Company
Georgia-Pacific.
Metabolix, Inc.
Cereplast Inc.
These manufacturers are predicted to use strategies such as mergers and acquisitions to tap into new regional markets, thereby consolidating their market position. It is pertinent to note here that both organic and inorganic strategies are being deployed by players in the market.
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