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Oxo-Biodegradable Plastic Packaging Market : Growing food & beverage industry, and pharmaceutical industries are boosting the demand , 2024
Oxo-Biodegradable Plastic Packaging Market, Oxo-Biodegradable Plastic Packaging
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Global Oxo-Biodegradable Plastic Packaging Market: Drivers, Restraints, and Trends
Raising consumer awareness towards eco-friendly products, growing environmental concerns, and changing consumer preference towards cleaner and eco-friendly substitutes from synthetic products is anticipated to drive demand for oxo-biodegradable plastics. Furthermore, growing food & beverage industry, and pharmaceutical industries are boosting the demand for oxo-biodegradable plastics.
However, higher costs involved with oxo-biodegradable plastics is the limiting factor for the growth of the global oxo-biodegradable plastic packaging market.
The key trend observed in the market ring processes along with strong R&D, and implementing growth strategies such as collaborations and agreements.
Global Oxo-Biodegradable Plastic Packaging Market: Segmentation
The global oxo-biodegradable plastic packaging market is segmented on the basis of material type and end user industry.
On the basis of material type, the global oxo-biodegradable plastic packaging market is segmented into:
• PLA (Polylactic Acid or Polylactide)
• PHA (Polyhydroxyalkanoates)
On the basis of end user industry, the global oxo-biodegradable plastic packaging market is segmented into:
• Food and Beverage Industry
• Packaging Industry
• Pharmaceutical Industry
• Textile Industry
• Agriculture and Composting Industry
Global Oxo Biodegradable Plastic Packaging Market: Regional Outlook
Based on the geographies, the global oxo-biodegradable plastic packaging market is segmented into five key regions, namely North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. global oxo-biodegradable plastic packaging market, this is owing to increasing environment consciousness and spending population. Owing to the implementation of strict guidelines and regulations regarding environment safety, and tax imposition on the use of petroleum-based plastics in Ireland and Germany, Europe is anticipated to exhibit lucrative growth during the forecast period. Owing to changing lifestyle pattern coupled with increasing demand for packaged food products in AsiaPacific is expected to drive the demand for oxo-biodegradable plastics. Latin America is expected to show favorable growth on account of an advanced manufacturing process and technological advancements in the value chain. Owing to growing oil and gas industries in MEA is anticipated to grow at modest growth rate over the forecast period.
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Global Oxo-Biodegradable Plastic Packaging Market: Key Players
Some of the major players identified in the global oxo-biodegradable plastic packaging market include
• BASF SE
• Smurfit Kappa Group
• WestRock Company
• Mondi
• Biopac
• Corbion
• Stora Enso
• Metabolix, Inc.
• Georgia-Pacific
• Cereplast Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes
• North America (U.S., Canada)
• Latin America (Argentina, Brazil, rest of Latin America)
• Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
• Middle East and Africa (GCC, S. Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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