openPR Logo
Press release

Research report explores the Oxo-biodegradable Plastic Packaging Market will grow at 5.4% CAGR by 2026

Oxo-biodegradable Plastic Packaging Market

Oxo-biodegradable Plastic Packaging Market

Global Biodegradable Plastic Packaging Market - Forecast Analysis
As per the analytical research study carried out on 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 Biodegradable plastics for packaging. In 2017, the global 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).

Understanding various facets of the global Biodegradable plastic packaging market, Persistence Market Research has come up with an analytical and extensive research publication titled "Biodegradable Plastic Packaging Market: Global Industry Analysis (2013-2017) and Forecast (2018-2026)". The comprehensive Biodegradable plastic packaging market research report focuses on various trends, developments, opportunities, restraints, drivers and challenges impacting the growth of the global 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 Biodegradable plastic packaging market.

Need More Insights on Competitor Analysis of the report, Request for Sample@ https://www.persistencemarketresearch.com/samples/11947

Key players involved in the manufacturing and distribution of 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 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 and Add Plast.

Awareness of Environment Health and the Need to Curb Plastic Pollution to Offer Potential Growth Opportunities for 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 Biodegradable plastic products. This has triggered the adoption of Biodegradable plastic packaging solutions and is expected to drive the growth of the global market.

If You want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/11947

Supportive Government Regulations Regarding the Use of Biodegradable Plastics to Drive Increased Adoption

Although 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 Biodegradable plastic packaging. For example, governments of various countries in Middle and Africa have made a mandate that the country will use only Biodegradable plastics for packaging.

If You Want To Know The Business Opportunity/Market Value, Purchase The Premium Insight@ https://www.persistencemarketresearch.com/checkout/11947

Key Segmental Highlights
• Asia pacific is expected to be an attractive region for Biodegradable plastics. The manufacturing and adoption of these products is high in developing countries in the region. Asia Pacific 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 Biodegradable plastics. Also, polyethylene terephthalate is gaining high traction

• 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 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

Read More Trending "PMR Exclusive Article"- https://www.globenewswire.com/en/news-release/2018/03/27/1453644/0/en/Global-Biodegradable-Plastic-Packaging-Market-to-Reach-US-1000-Mn-by-2026-Persistence-Market-Research.html

Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About us:
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Research report explores the Oxo-biodegradable Plastic Packaging Market will grow at 5.4% CAGR by 2026 here

News-ID: 3097477 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Biodegradable

Biodegradable Films Market Beyond Plastic: Biodegradable Films Market Drives Eco …
Biodegradable Films Market to reach over USD 1,766.36 Mn by the year 2031 - Exclusive Report by InsightAce Analytic "Biodegradable Films Market" in terms of revenue was estimated to be worth $1,091.28 Mn in 2023 and is poised to reach $1,766.36 Mn by 2031, growing at a CAGR of 6.41% from 2023 to 2031 according to a new report by InsightAce Analytic. Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1618 Latest Drivers Restraint
Biodegradable Cup Market Set for More Growth : Biodegradable Food Service, AmerC …
Advance Market Analytics published a new research publication on "Biodegradable Cup Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biodegradable Cup market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of
Biodegradable Mg-Alloy Implant market: Technological Advancements in 2022 | Biod …
"The global Biodegradable Mg-Alloy Implant Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Biodegradable Mg-Alloy Implant Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of
Global Biodegradable plastic Market
Biodegradable plastic is made using raw materials or petrochemicals and can be decomposed by living organisms such as bacteria. Biodegradable plastic takes less time to break down as it is made up of eco-friendly material and requires less energy for production. The global Biodegradable Plastic Market is facing challenges due to the COVID-19 pandemic as the manufacturing facilities and supply chain of many organizations is at a halt. The increasing
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,
Biodegradable Polymers Market 2019-2025 Worldwide Key Players : Aquapak Polymers …
Adroit Market Research published a study on the “Global Biodegradable Polymers Market Size 2017 By Production (Starch-based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Synthetic), By Application (Packaging, Loose fill, Bags and sacks, Fibre, Others), By Region and Forecast 2018 to 2025”. The global biodegradable Polymers market size is estimated based on the ongoing trend of bioplastic and consumption patterns of the bioPolymerss across the globe. The report also provides the various