Global Oxo-biodegradable Plastic Packaging Market Demand for Polyethylene Terephthalate (PET) to Surge in the Coming Years

Posted on 2018-05-09 by Mark Hub in Consumer Services // 0 Comments

Albany, USA, 2018-May-09 — /EPR Network/ —An up-to-date research report 2018 has been disclosed by Market Research Reports Search Engine (MRRSE) highlighting the title “Global Market Study on Oxo-biodegradable Plastic Packaging: Demand for Polyethylene Terephthalate (PET) to Surge in the Coming Years” which provides an outlook for current market value as well as the expected forecast including Rate on Investment (ROI) together with the growing CAGR near 5.4% during 2018-2025. The report studies the oxo-biodegradable plastic packaging market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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Environment preservation has been the main focus of governments across the globe since the past several years. Problems associated with environment mostly occur due to plastic bags that are used for packaging purposes that are not degradable. Consequently, packaging sector has witnessed the trend of biodegradable packaging, where manufacturers are developing eco-friendly packaging solutions. For instance, Oxo-biodegradable bags are a better alternative to ordinary plastic bags that are made of conventional plastic polymers (such as polypropylene, polyethylene, polyvinylchloride, polyethylene terephthalate, etc.). Oxo-biodegradable plastic bags are used in packaging of various products such as pharmaceuticals, snack food products, frozen food products, pet food, cheese packaging and coffee packaging.

Expansion of the oxo-biodegradable plastic packaging market into the Middle East – a potential growth opportunity

Several countries encourage the adoption of Oxo-biodegradable plastics as a better alternative to conventional plastic packaging. This has largely contributed to the expansion of oxo-biodegradable plastic packaging market. Countries such as United Arab Emirates and Saudi Arabia have made it mandatory to use plastics that are oxo-biodegradable. This has made it imperative for trading companies to switch towards oxo-biodegradable plastic packaging solutions while dealing with United Arab Emirates and KSA. Middle East and Africa region, thus, has presented high growth opportunities for oxo-biodegradable plastic packaging market.

Leveraging the ongoing focus towards environment friendly packaging

Despite several large-scale manufacturers openly protesting the use of oxo-biodegradable plastics for packaging, small-scale manufacturers continue to market their oxo-biodegradable packaging products as an environment-friendly packaging solution that has appealed to a significant percentage of consumers who are conscious regarding environment health. Oxo-biodegradable films are viewed and marketed by many companies as a crucial solution for packaging waste. Opportunities are thus presented for the expansion of the global oxo-biodegradable plastic packaging market to leverage the ongoing growth spurt. This is more prominent in the Middle East, as well as Asian countries, such as India and China.

Moreover, the term “oxo-biodegradable” is being used as a prominent marketing tool. Various manufacturers are marketing their oxo-biodegradable plastic products to enhance their brand image and promote it as an environment conscious entity. In addition, oxo-biodegradable plastic packaging manufacturers are focusing on incorporating additional features to their products, for instance excellent machinability, high printability and ink adhesion and good heat seal strength and moisture barrier. As per this analytical research report, the global market for oxo-biodegradable plastic packaging is poised to expand at a value CAGR of 5.4% during the period of forecast. Analysis of this market speaks about the sales revenue generated and expected to generate during the 2013-2026 timeline. By 2026, the global sales of oxo-biodegradable plastic packaging is estimated to surpass US$ 1 Bn.

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A detailed competitive analysis covered in the research report

The global oxo-biodegradable plastic packaging market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global oxo-biodegradable plastic packaging market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the oxo-biodegradable plastic packaging market.

Report Delivers Value – Below Facts Support the Statement

In-depth market analysis, with scrutiny across important geographies

Weighted market segmentation to have a complete market understanding

Historical data, current statistics and a projected view of the market (forecasts) over a period of five years available in a well-structured format

Competitive landscape covering analyses on key players

Unbiased view of the global market drawing a realistic outline of data projections

Strong accurate research from a strategic standpoint to gain strategic advantage

Weighted analyses which covers each and every aspect of the global oxo-biodegradable plastic packaging market

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