Global Oxo-Biodegradable Plastic Packaging Market, By Type (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinylchloride (PVC), and Polyethylene Terephthalate (PET)), Packaging Type (Bags and Sacks, Food Bags, Bin Liners, Garbage Bags, Shopping Bags), Application (Industrial, Food and Beverages, Pharmaceutical and Healthcare, Household and Personal Care, and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Oxo-Biodegradable Plastic Packaging Market
The oxo-biodegradable plastic packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.50% in the above-mentioned forecast period.
The oxo-biodegradable plastic packaging are basically the packaging type that is utilized in packaging of numerous commodities such as lunch food goods, pharmaceuticals, pet meals, frosted meat stocks and coffee packaging. These packaging are widely used in various end user industries such as industrial, food and beverages, pharmaceutical and healthcare, household and personal care and others.
The factors such as rapid urbanization and growing utilization of different types of packaging are the major factors fostering the growth of the market. Additionally, the benefits of oxo-biodegradable plastic, as compared to others as it is a type of plastic that helps in conserving the environment also accelerates the demand for oxo-biodegradable plastic packaging. The rising need for environment-friendly packaging solutions and the escalating support of the governments of various countries, also further cushion the growth of the market within the forecast period of 2022 to 2029. However, the need for costly equipment for both processing and recycling might impede the growth of market within the forecast period.
The constant rising need for environment-friendly packaging solutions along with the escalating support of the governments of various countries generate growth opportunities in the long run. The factors such as claims regarding the fact that additives meant to boost the fragmentation of plastics into microplastics coupled with the massive slowing of the supply chain due to COVID-19 virus outbreak pose as a challenge for the market.
This oxo-biodegradable plastic packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oxo-biodegradable plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oxo-Biodegradable Plastic Packaging Market Scope and Market Size
The oxo-biodegradable plastic packaging market is segmented on the basis of type, packaging type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the oxo-biodegradable plastic packaging market is segmented into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC) and polyethylene terephthalate (PET).
- On the basis of packaging type, the oxo-biodegradable plastic packaging market is segmented into bags and sacks, food bags, bin liners, garbage bags and shopping bags.
- Oxo-biodegradable plastic packaging market is segmented in terms of market value, volume, market opportunities, niches into multiple applications. The application segment for oxo-biodegradable plastic packaging market includes industrial, food and beverages, pharmaceutical and healthcare, household and personal care and others.
Oxo-Biodegradable Plastic Packaging Market Country Level Analysis
The oxo-biodegradable plastic packaging market is analyzes and market size insights and trends are provided by type, packaging type and application as referenced above.
The countries covered in the oxo-biodegradable plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the oxo-biodegradable plastic packaging market owing to the Inflation in suburban population spanning enhanced environmental affairs in the emerging marketplaces like China and India within the forecast period of 2022 to 2029. North America region, on the other hand is expected to score the highest CAGR owing to the growing adoption of oxo-biodegradable plastic packaging within this region.
The country section of the oxo-biodegradable plastic packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oxo-Biodegradable Plastic Packaging Market Share Analysis
The oxo-biodegradable plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oxo-biodegradable plastic packaging market.
Some of the major players operating in the oxo-biodegradable plastic packaging market report are Smurfit Kappa, Mondi, BASF SE, WestRock Company, Georgia-Pacific, Metabolix, Cereplast., NatureWorks LLC, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES, INC., NatureWorks LLC, BASF SE, Total-Corbion, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Indochine Bio Plastiques (ICBP) Sdn. Bhd., TianAn Biologic Materials Co. Ltd., FKuR, swanbiotec., Minima Global Ltd., BioGreen, CLONDALKIN GROUP and Cargill, Incorporated among others.
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