Oxo-biodegradable Plastic Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global oxo-biodegradable plastic packaging market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Oxo-Biodegradable Plastic Packaging Market Size (2024E): US$ 961.5 Mn
Projected Market Value (2031F): US$ 1,293.8 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 4.3%

Oxo-Biodegradable Plastic Packaging Market - Report Scope:

The global oxo-biodegradable plastic packaging market encompasses a wide range of biodegradable packaging solutions that aim to reduce environmental pollution caused by non-degradable plastic materials. The adoption of oxo-biodegradable plastics is seen as a potential alternative to traditional plastic materials in various packaging sectors, including food and beverage, pharmaceuticals, and consumer goods. The market growth is largely driven by environmental concerns, stringent regulations, and growing consumer demand for eco-friendly packaging solutions.

Market Drivers:

The growing environmental consciousness across the globe is one of the major drivers of the oxo-biodegradable plastic packaging market. With increasing awareness about the environmental impact of conventional plastic packaging, governments and organizations are promoting eco-friendly alternatives, such as oxo-biodegradable plastics. Moreover, many countries, especially in the Middle East, have made the use of oxo-biodegradable plastics mandatory, further propelling the market's growth. The increasing demand for sustainable packaging solutions across sectors like food, pharmaceuticals, and retail is also driving market expansion. Another significant driver is the demand for polyethylene-based biodegradable materials, which offer strength and resilience for effective packaging.

Market Restraints:

Despite the positive outlook, the market faces challenges that could impede growth. Large-scale manufacturers and environmental groups continue to debate the sustainability of oxo-biodegradable plastics, with some questioning their true environmental benefits. High production costs compared to traditional plastic packaging and lack of standardized regulations around the use of oxo-biodegradable plastics could also limit widespread adoption. Furthermore, the market faces competition from other biodegradable materials like polylactic acid (PLA) and other plant-based polymers, which could restrict the growth of the oxo-biodegradable plastics segment.

Market Opportunities:

The global oxo-biodegradable plastic packaging market presents several growth opportunities. The increasing regulatory push towards environmental sustainability in regions like the Middle East, Asia-Pacific, and Latin America opens doors for more widespread adoption. Furthermore, advancements in oxo-biodegradable plastic formulations, incorporating additional features like high printability, improved seal strength, and moisture barriers, present new avenues for innovation. Manufacturers focusing on enhancing the machinability and printability of these packaging products are expected to drive growth, especially in consumer-facing industries. The growing demand for sustainable packaging solutions, particularly among environmentally-conscious consumers, offers significant potential for market expansion.

Key Questions Answered in the Report:

What are the key drivers and trends shaping the growth of the global oxo-biodegradable plastic packaging market?
Which regions are expected to witness the highest growth in the market during the forecast period?
How are advancements in material formulations impacting the market for oxo-biodegradable packaging?
What are the primary challenges facing the oxo-biodegradable plastic packaging market?
Who are the key players in the oxo-biodegradable plastic packaging market, and what strategies are they employing to stay competitive?

Competitive Intelligence and Business Strategy:

Leading companies in the global oxo-biodegradable plastic packaging market are focusing on expanding their product offerings by improving the features of their packaging solutions. They are adopting advanced technologies to enhance product properties such as printability, heat-seal strength, and moisture resistance, which is boosting the market appeal. Companies are also focusing on geographical expansion, particularly in the Middle East and Asia-Pacific, where there is strong regulatory support for sustainable packaging. Additionally, collaborations with regulatory bodies and governments are a key strategy for these companies to gain market approval and expand their customer base.

Key Companies Profiled:

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
Add Plast
Others.

Oxo-biodegradable Plastic Packaging Market Segmentation:

By Material Type

Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Polyvinylchloride (PVC)
Polyethylene Terephthalate (PET)
Metal Salts

By Packaging Type

Bags & Sacks
Food Bags
Bin Liners
Garbage Bags
Shopping Bags

By End Use

Pharmaceutical & Healthcare
Food & Beverages
Household & Personal Care
Industrial

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Product Code: PMRREP11947

1. Executive Summary

1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy
2.3. Value Chain
- 2.3.1. Industry value and supply chain analysis
  - 2.3.1.1. Resin/Raw material supplier
  - 2.3.1.2. Oxo-Biodegradable Plastic Packaging/Additive manufacturer
  - 2.3.1.3. End users

3. Market Viewpoint

3.1. Global Packaging Industry Outlook
3.2. Macro-economic Factors
3.3. Market Dynamics
- 3.3.1. Drivers
- 3.3.2. Restraints
- 3.3.3. Opportunities
- 3.3.4. Trends

4. Global Oxo-Biodegradable Plastic Packaging Market Analysis

4.1. Market Volume Projection
4.2. Market Size and Y-o-Y Growth
4.3. Absolute $ Opportunity

5. Global Oxo-Biodegradable Plastic Packaging Market Analysis By Region

5.1. Introduction
5.2. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Region
- 5.2.1. North America
- 5.2.2. Latin America
- 5.2.3. Europe
- 5.2.4. Asia Pacific
- 5.2.5. Middle East and Africa
5.3. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Region
- 5.3.1. North America
- 5.3.2. Latin America
- 5.3.3. Europe
- 5.3.4. Asia Pacific
- 5.3.5. Middle East and Africa
5.4. Market Attractiveness Analysis By Region
5.5. Key Trends

6. Global Oxo-Biodegradable Plastic Packaging Market Analysis By Material Type

6.1. Introduction
6.2. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 6.2.1. Polyethylene (PE)
- 6.2.2. Polypropylene (PP)
- 6.2.3. Polystyrene (PS)
- 6.2.4. Polyvinylchloride (PVC)
- 6.2.5. Polyethylene Terephthalate (PET)
- 6.2.6. Metal Salts
6.3. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 6.3.1. Polyethylene (PE)
- 6.3.2. Polypropylene (PP)
- 6.3.3. Polystyrene (PS)
- 6.3.4. Polyvinylchloride (PVC)
- 6.3.5. Polyethylene Terephthalate (PET)
- 6.3.6. Metal Salts
6.4. Market Attractiveness Analysis By Material Type
6.5. Key Trends

7. Global Oxo-Biodegradable Plastic Packaging Market Analysis By Packaging Type

7.1. Introduction
7.2. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 7.2.1. Bags & Sacks
- 7.2.2. Food Bags
- 7.2.3. Bin Liners
- 7.2.4. Garbage Bags
- 7.2.5. Shopping Bags
7.3. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 7.3.1. Bags & Sacks
- 7.3.2. Food Bags
- 7.3.3. Bin Liners
- 7.3.4. Garbage Bags
- 7.3.5. Shopping Bags
7.4. Market Attractiveness Analysis By Packaging Type
7.5. Key Trends

8. Global Oxo-Biodegradable Plastic Packaging Market Analysis By End use

8.1. Introduction
8.2. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 8.2.1. Pharmaceutical & Healthcare
- 8.2.2. Food & beverages
- 8.2.3. Household & personal care
- 8.2.4. Industrial
8.3. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 8.3.1. Pharmaceutical & Healthcare
- 8.3.2. Food & beverages
- 8.3.3. Household & personal care
- 8.3.4. Industrial
8.4. Market Attractiveness Analysis By End use
8.5. Key Trends

9. North America Oxo-Biodegradable Plastic Packaging Market Analysis

9.1. Introduction
9.2. Regional Pricing Analysis
9.3. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Country
- 9.3.1. U.S.
- 9.3.2. Canada
9.4. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Country
- 9.4.1. U.S.
- 9.4.2. Canada
9.5. Market Attractiveness Analysis By Country
9.6. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 9.6.1. Polyethylene (PE)
- 9.6.2. Polypropylene (PP)
- 9.6.3. Polystyrene (PS)
- 9.6.4. Polyvinylchloride (PVC)
- 9.6.5. Polyethylene Terephthalate (PET)
- 9.6.6. Metal Salts
9.7. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 9.7.1. Polyethylene (PE)
- 9.7.2. Polypropylene (PP)
- 9.7.3. Polystyrene (PS)
- 9.7.4. Polyvinylchloride (PVC)
- 9.7.5. Polyethylene Terephthalate (PET)
- 9.7.6. Metal Salts
9.8. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 9.8.1. Bags & Sacks
- 9.8.2. Food Bags
- 9.8.3. Bin Liners
- 9.8.4. Garbage Bags
- 9.8.5. Shopping Bags
9.9. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 9.9.1. Bags & Sacks
- 9.9.2. Food Bags
- 9.9.3. Bin Liners
- 9.9.4. Garbage Bags
- 9.9.5. Shopping Bags
9.10. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 9.10.1. Pharmaceutical & Healthcare
- 9.10.2. Food & beverages
- 9.10.3. Household & personal care
- 9.10.4. Industrial
9.11. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 9.11.1. Pharmaceutical & Healthcare
- 9.11.2. Food & beverages
- 9.11.3. Household & personal care
- 9.11.4. Industrial

10. Latin America Oxo-Biodegradable Plastic Packaging Market Analysis

10.1. Introduction
10.2. Regional Pricing Analysis
10.3. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Country
- 10.3.1. Brazil
- 10.3.2. Mexico
- 10.3.3. Argentina
- 10.3.4. Rest of Latin America
10.4. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Argentina
- 10.4.4. Rest of Latin America
10.5. Market Attractiveness Analysis By Country
10.6. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 10.6.1. Polyethylene (PE)
- 10.6.2. Polypropylene (PP)
- 10.6.3. Polystyrene (PS)
- 10.6.4. Polyvinylchloride (PVC)
- 10.6.5. Polyethylene Terephthalate (PET)
- 10.6.6. Metal Salts
10.7. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 10.7.1. Polyethylene (PE)
- 10.7.2. Polypropylene (PP)
- 10.7.3. Polystyrene (PS)
- 10.7.4. Polyvinylchloride (PVC)
- 10.7.5. Polyethylene Terephthalate (PET)
- 10.7.6. Metal Salts
10.8. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 10.8.1. Bags & Sacks
- 10.8.2. Food Bags
- 10.8.3. Bin Liners
- 10.8.4. Garbage Bags
- 10.8.5. Shopping Bags
10.9. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 10.9.1. Bags & Sacks
- 10.9.2. Food Bags
- 10.9.3. Bin Liners
- 10.9.4. Garbage Bags
- 10.9.5. Shopping Bags
10.10. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 10.10.1. Pharmaceutical & Healthcare
- 10.10.2. Food & beverages
- 10.10.3. Household & personal care
- 10.10.4. Industrial
10.11. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 10.11.1. Pharmaceutical & Healthcare
- 10.11.2. Food & beverages
- 10.11.3. Household & personal care
- 10.11.4. Industrial

11. Europe Oxo-Biodegradable Plastic Packaging Market Analysis

11.1. Introduction
11.2. Regional Pricing Analysis
11.3. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Country
- 11.3.1. Germany
- 11.3.2. Spain
- 11.3.3. Italy
- 11.3.4. France
- 11.3.5. U.K.
- 11.3.6. Benelux
- 11.3.7. Russia
- 11.3.8. Rest of Europe
11.4. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Country
- 11.4.1. Germany
- 11.4.2. Spain
- 11.4.3. Italy
- 11.4.4. France
- 11.4.5. U.K.
- 11.4.6. Benelux
- 11.4.7. Russia
- 11.4.8. Rest of Europe
11.5. Market Attractiveness Analysis By Country
11.6. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 11.6.1. Polyethylene (PE)
- 11.6.2. Polypropylene (PP)
- 11.6.3. Polystyrene (PS)
- 11.6.4. Polyvinylchloride (PVC)
- 11.6.5. Polyethylene Terephthalate (PET)
- 11.6.6. Metal Salts
11.7. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 11.7.1. Polyethylene (PE)
- 11.7.2. Polypropylene (PP)
- 11.7.3. Polystyrene (PS)
- 11.7.4. Polyvinylchloride (PVC)
- 11.7.5. Polyethylene Terephthalate (PET)
- 11.7.6. Metal Salts
11.8. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 11.8.1. Bags & Sacks
- 11.8.2. Food Bags
- 11.8.3. Bin Liners
- 11.8.4. Garbage Bags
- 11.8.5. Shopping Bags
11.9. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 11.9.1. Bags & Sacks
- 11.9.2. Food Bags
- 11.9.3. Bin Liners
- 11.9.4. Garbage Bags
- 11.9.5. Shopping Bags
11.10. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 11.10.1. Pharmaceutical & Healthcare
- 11.10.2. Food & beverages
- 11.10.3. Household & personal care
- 11.10.4. Industrial
11.11. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 11.11.1. Pharmaceutical & Healthcare
- 11.11.2. Food & beverages
- 11.11.3. Household & personal care
- 11.11.4. Industrial

12. APAC Oxo-Biodegradable Plastic Packaging Market Analysis

12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Country
- 12.3.1. China
- 12.3.2. India
- 12.3.3. Japan
- 12.3.4. ASEAN
- 12.3.5. Australia and New Zealand
- 12.3.6. Rest of APAC
12.4. Market Attractiveness Analysis By Country
12.5. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 12.5.1. Polyethylene (PE)
- 12.5.2. Polypropylene (PP)
- 12.5.3. Polystyrene (PS)
- 12.5.4. Polyvinylchloride (PVC)
- 12.5.5. Polyethylene Terephthalate (PET)
- 12.5.6. Metal Salts
12.6. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 12.6.1. Polyethylene (PE)
- 12.6.2. Polypropylene (PP)
- 12.6.3. Polystyrene (PS)
- 12.6.4. Polyvinylchloride (PVC)
- 12.6.5. Polyethylene Terephthalate (PET)
- 12.6.6. Metal Salts
12.7. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 12.7.1. Bags & Sacks
- 12.7.2. Food Bags
- 12.7.3. Bin Liners
- 12.7.4. Garbage Bags
- 12.7.5. Shopping Bags
12.8. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 12.8.1. Bags & Sacks
- 12.8.2. Food Bags
- 12.8.3. Bin Liners
- 12.8.4. Garbage Bags
- 12.8.5. Shopping Bags
12.9. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 12.9.1. Pharmaceutical & Healthcare
- 12.9.2. Food & beverages
- 12.9.3. Household & personal care
- 12.9.4. Industrial
12.10. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 12.10.1. Pharmaceutical & Healthcare
- 12.10.2. Food & beverages
- 12.10.3. Household & personal care
- 12.10.4. Industrial

13. Middle East and Africa Oxo-Biodegradable Plastic Packaging Market Analysis

13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Country
- 13.3.1. GCC
- 13.3.2. North Africa
- 13.3.3. South Africa
- 13.3.4. Rest of MEA
13.4. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Country
- 13.4.1. GCC
- 13.4.2. North Africa
- 13.4.3. South Africa
- 13.4.4. Rest of MEA
13.5. Market Attractiveness Analysis By Country
13.6. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Material Type
- 13.6.1. Polyethylene (PE)
- 13.6.2. Polypropylene (PP)
- 13.6.3. Polystyrene (PS)
- 13.6.4. Polyvinylchloride (PVC)
- 13.6.5. Polyethylene Terephthalate (PET)
- 13.6.6. Metal Salts
13.7. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Material Type
- 13.7.1. Polyethylene (PE)
- 13.7.2. Polypropylene (PP)
- 13.7.3. Polystyrene (PS)
- 13.7.4. Polyvinylchloride (PVC)
- 13.7.5. Polyethylene Terephthalate (PET)
- 13.7.6. Metal Salts
13.8. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By Packaging Type
- 13.8.1. Bags & Sacks
- 13.8.2. Food Bags
- 13.8.3. Bin Liners
- 13.8.4. Garbage Bags
- 13.8.5. Shopping Bags
13.9. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By Packaging Type
- 13.9.1. Bags & Sacks
- 13.9.2. Food Bags
- 13.9.3. Bin Liners
- 13.9.4. Garbage Bags
- 13.9.5. Shopping Bags
13.10. Historical Market Size (US$ Mn ) and Volume ('000 Tonnes) Analysis 2019 - 2023 By End use
- 13.10.1. Pharmaceutical & Healthcare
- 13.10.2. Food & beverages
- 13.10.3. Household & personal care
- 13.10.4. Industrial
13.11. Market Size (US$ Mn ) and Volume ('000 Tonnes) Forecast 2024 - 2031 By End use
- 13.11.1. Pharmaceutical & Healthcare
- 13.11.2. Food & beverages
- 13.11.3. Household & personal care
- 13.11.4. Industrial

14. Competition Landscape

14.1. Market Share Analysis
14.2. Competition Dashboard
14.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 14.3.1. UNIBAG MAGHREB
- 14.3.2. EPI Environmental Technologies Inc.
- 14.3.3. Wells Plastics Ltd.
- 14.3.4. Willow Ridge Plastics Inc.
- 14.3.5. Elif Plastik Ambalaj Sanayi Ve Ticaret Anonim Sirketi
- 14.3.6. Symphony Polymers Pvt. Ltd.
- 14.3.7. Newtrans USA Company
- 14.3.8. Licton Industrial Corp.
- 14.3.9. Symphony Environmental Technologies PLC
- 14.3.10. Add Plast