Press release
Innovation to Drive Oxo-Biodegradable Plastic Packaging Market
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
Oxo-biodegradable plastic is manufactured through extrusion process by blending a pro-degrading additive (to break down the molecular structure of plastic when exposed to heat or sunlight) in the plastic. Oxo-biodegradable plastic is known as degradable plastic. Oxo-biodegradable plastic is digested by microorganisms as it does not require a biological process to degrade. Oxo-biodegradable plastics are generally used for lightweight carrier bags, disposable bags, and packaging films. Oxo-biodegradable plastic offer following benefits such as potentially widely biodegradable, permeable, heat resistant, better strength and long shelf life. Owing to enhanced impact resistance and tensile strength, the PLA (Polylactic Acid or Polylactide) segment is expected to dominate the global oxo-biodegradable plastic packaging market. Food & beverage industry segment is projected to dominate among end user industry segment on account of increasing usage. The global oxo-biodegradable plastics packaging market is expected to register healthy CAGR during the forecast period.
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.
Request to view table of content @ http://www.persistencemarketresearch.com/toc/11947
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.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/11947
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.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Innovation to Drive Oxo-Biodegradable Plastic Packaging Market here
News-ID: 487986 • Views: …
More Releases from Persistence Market Research
Seasonings and Spices Market Valued at US$ 23.4 Bn in 2025 Driven by Rising Culi …
The global seasonings and spices market is on a robust growth trajectory, reflecting a steady rise in consumer demand for natural, flavorful, and health-oriented food products. As per industry estimates, the market is likely to be valued at US$ 23.4 billion in 2025 and is projected to reach US$ 35.7 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2025 to…
Antibiotic-Free Meat Market to Reach $445.2 Bn by 2032 Driven by Rising Health A …
The global antibiotic-free meat market is witnessing a remarkable upsurge, reflecting the shifting consumer preference toward healthier and more sustainable protein sources. According to industry estimates, the market size is likely to grow from US$206.5 billion in 2025 to US$445.2 billion by 2032, registering a strong compound annual growth rate (CAGR) of 11.6% over the forecast period. This significant growth trajectory is fueled by increasing consumer awareness about the adverse…
Sugar Alcohol Market to Reach US$ 5,291.6 Million by 2032 Driven by Rising Deman …
The global sugar alcohol market is poised for steady growth, with an estimated valuation of US$ 3,405.2 million in 2025, projected to reach US$ 5,291.6 million by 2032, expanding at a CAGR of 6.5% during the forecast period from 2025 to 2032. The rising consumer demand for low-calorie sweeteners, increasing prevalence of diabetes and obesity, and the growing awareness of health and wellness are among the key factors driving market…
Spearmint Oil Market to Reach US$ 664.8 Mn by 2032 Driven by Rising Demand in Fo …
The global spearmint oil market is projected to experience substantial growth in the coming years, driven by increasing consumer preference for natural and plant-based ingredients across food, pharmaceutical, and personal care industries. According to market estimates, the global spearmint oil market size is likely to value at US$ 482.0 million in 2025 and is expected to reach US$ 664.8 million by 2032, expanding at a compound annual growth rate (CAGR)…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook
Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…
