Oxo Biodegradable Plastic Packaging Market
Oxo-Biodegradable Plastic Packaging Market Forecasts to 2030 - Global Analysis By Product Type (Bags, Films, Containers and Boxes, Bottles, Trays and Cups, Labels and Tags and Other Product Types), Material Type, Application, End User and By Geography
According to Stratistics MRC, the Global Oxo-Biodegradable Plastic Packaging Market is accounted for $2.5 billion in 2024 and is expected to reach $3.9 billion by 2030 growing at a CAGR of 7.8% during the forecast period. Oxo-biodegradable plastic packaging is a type of plastic that contains additives, often referred to as ""pro-oxidants,"" which accelerate the degradation process when exposed to oxygen, heat, or sunlight. These additives help the plastic break down more quickly compared to traditional plastics, allowing it to degrade into smaller, non-toxic fragments. The goal is to reduce the environmental impact of plastic waste, particularly in landfills and oceans.
Market Dynamics:
Driver:
Rising demand for sustainable packaging solutions
The rising demand for sustainable packaging solutions is driving growth in the market. As consumers and businesses seek eco-friendly alternatives to traditional plastics, oxo-biodegradable options are gaining popularity due to their ability to degrade faster in the environment. This shift is fueled by increasing environmental concerns, stricter regulations, and a growing emphasis on reducing plastic waste, pushing industries to adopt more sustainable and responsible packaging practices.
Restraint:
Lack of standardized testing and certification
The lack of standardized testing and certification in the market can lead to inconsistencies in product performance and environmental impact. Without clear regulations, manufacturers may produce plastics that do not degrade as claimed, undermining consumer trust and environmental goals. This lack of oversight can also result in ineffective waste management solutions, potentially exacerbating plastic pollution rather than providing a viable, eco-friendly alternative to traditional plastics.
Opportunity:
Advancements in oxo-biodegradable technology
Advancements in oxo-biodegradable technology in the market focus on improving the degradation rate of plastics in the environment. These innovations incorporate metal-based additives that accelerate the breakdown of plastic, promoting faster decomposition when exposed to sunlight, heat, or oxygen. This technology aims to reduce plastic waste, offering a more sustainable alternative to traditional plastics while maintaining strength and durability for packaging applications in various industries.
Threat:
Concerns regarding biodegradation process
Concerns regarding the biodegradation process in the market stem from uncertainties about how effectively these plastics break down in real-world environmental conditions. In some cases, they may degrade more slowly or incompletely, leaving microplastics behind, which could worsen pollution. Additionally, inconsistent degradation rates depending on factors like temperature and UV exposure may undermine the technology’s intended environmental benefits, leading to skepticism among consumers and regulators about its sustainability.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market by disrupting supply chains and shifting consumer behavior. Increased demand for single-use plastics in medical and food packaging, due to health and safety concerns, led to a rise in plastic waste. Simultaneously, economic challenges slowed investments in sustainable packaging alternatives. However, the growing focus on hygiene and environmental sustainability post-pandemic has driven renewed interest in eco-friendly solutions like oxo-biodegradable plastics.
The bags segment is expected to be the largest during the forecast period
The bags segment is expected to account for the largest market share during the projection period due to their ability to break down faster than traditional plastics. These bags are designed with metal additives that promote degradation when exposed to oxygen, heat, or UV light. While offering a more environmentally friendly alternative to conventional plastic bags, they still maintain durability and functionality, making them a preferred choice for retailers, food packaging, and waste management solutions.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is expected to have the highest CAGR during the extrapolated period due to their potential to reduce environmental impact. These plastics offer an eco-friendly alternative for packaging products like snacks, beverages, and ready-to-eat meals. The enhanced biodegradation properties help mitigate long-term plastic pollution, while maintaining the durability and freshness required for food safety. This shift aligns with growing consumer demand for sustainable packaging solutions.
Region with largest share:
North America region is estimated to account for the largest market share during the forecast period driven by increasing environmental awareness and stricter regulations on plastic waste. Companies in the region are adopting oxo-biodegradable plastics to reduce their carbon footprint and comply with sustainability goals. With rising demand from industries like food and beverage, retail, and consumer goods, it is becoming a key market for eco-friendly packaging solutions, despite challenges related to cost and certification standards.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. Governments and consumers are increasingly focused on the environmental impact of plastic waste, pushing for alternatives like oxo-biodegradable plastics. Furthermore, Industries such as food and beverage, consumer goods, and retail are demanding more sustainable packaging solutions. Oxo-biodegradable plastics offer a practical alternative to conventional plastics, helping companies meet their sustainability goals.
Key players in the market
Some of the key players in Oxo-Biodegradable Plastic Packaging market include Plastipak Packaging, AEP Industries Inc., Berry Global, Inc., Sealed Air Corporation, SABIC, Dow Chemical Company, Green Dot Bioplastics, Ecovative Design, Veolia North America, Tetra Pak, Mondi Group, ExxonMobil Chemical, Skymark Packaging, Futamura Chemical Co., Ltd. and Teijin Limited.
Key Developments:
In October 2024, ExxonMobil launched its new Signature Polymers portfolio, which includes a fully recyclable thermoformed packaging solution made with 95% polyethylene (PE) content. This packaging features high oxygen barrier properties and is designed for hot fill and aseptic applications, aligning with modern sustainability goals while minimizing material usage to enhance recyclability.
In September 2024, Berry Global announced a partnership with Mondelēz International and LyondellBasell to incorporate 50% ISCC PLUS-certified circular plastic into packaging for Triscuit Crackers. This initiative aims to divert over one million pounds of plastic waste from landfills annually, aligning with the companies' sustainability goals.
Product Types Covered:
• Bags
• Films
• Containers and Boxes
• Bottles
• Trays and Cups
• Labels and Tags
• Other Product Types
Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Other Material Types
Applications Covered:
• Frozen Food Packaging
• Syringe Packaging
• Electronics Packaging
• Shipping Wraps
• Industrial Liners
• Mulch Films
• Other Applications
End Users Covered:
• Pharmaceutical
• Cosmetics and Personal Care
• Industrial
• Agricultural
• Food & Beverage
• Retail & Consumer Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Oxo-Biodegradable Plastic Packaging Market, By Product Type
5.1 Introduction
5.2 Bags
5.3 Films
5.4 Containers and Boxes
5.5 Bottles
5.6 Trays and Cups
5.7 Labels and Tags
5.8 Other Product Types
6 Global Oxo-Biodegradable Plastic Packaging Market, By Material Type
6.1 Introduction
6.2 Polyethylene (PE)
6.3 Polypropylene (PP)
6.4 Polystyrene (PS)
6.5 Polyvinyl Chloride (PVC)
6.6 Polyethylene Terephthalate (PET)
6.7 Other Material Types
7 Global Oxo-Biodegradable Plastic Packaging Market, By Application
7.1 Introduction
7.2 Frozen Food Packaging
7.3 Syringe Packaging
7.4 Electronics Packaging
7.5 Shipping Wraps
7.6 Industrial Liners
7.7 Mulch Films
7.8 Other Applications
8 Global Oxo-Biodegradable Plastic Packaging Market, By End User
8.1 Introduction
8.2 Pharmaceutical
8.3 Cosmetics and Personal Care
8.4 Industrial
8.5 Agricultural
8.6 Food & Beverage
8.7 Retail & Consumer Goods
8.8 Other End Users
9 Global Oxo-Biodegradable Plastic Packaging Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Plastipak Packaging
11.2 AEP Industries Inc.
11.3 Berry Global, Inc.
11.4 Sealed Air Corporation
11.5 SABIC
11.6 Dow Chemical Company
11.7 Green Dot Bioplastics
11.8 Ecovative Design
11.9 Veolia North America
11.10 Tetra Pak
11.11 Mondi Group
11.12 ExxonMobil Chemical
11.13 Skymark Packaging
11.14 Futamura Chemical Co., Ltd.
11.15 Teijin Limited
List of Tables
1 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Region (2022-2030) ($MN)
2 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Bags (2022-2030) ($MN)
4 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Films (2022-2030) ($MN)
5 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Containers and Boxes (2022-2030) ($MN)
6 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Bottles (2022-2030) ($MN)
7 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Trays and Cups (2022-2030) ($MN)
8 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Labels and Tags (2022-2030) ($MN)
9 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Other Product Types (2022-2030) ($MN)
10 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Material Type (2022-2030) ($MN)
11 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
12 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
13 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Polystyrene (PS) (2022-2030) ($MN)
14 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
15 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
16 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Other Material Types (2022-2030) ($MN)
17 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Application (2022-2030) ($MN)
18 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Frozen Food Packaging (2022-2030) ($MN)
19 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Syringe Packaging (2022-2030) ($MN)
20 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Electronics Packaging (2022-2030) ($MN)
21 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Shipping Wraps (2022-2030) ($MN)
22 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Industrial Liners (2022-2030) ($MN)
23 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Mulch Films (2022-2030) ($MN)
24 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Other Applications (2022-2030) ($MN)
25 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By End User (2022-2030) ($MN)
26 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Pharmaceutical (2022-2030) ($MN)
27 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Cosmetics and Personal Care (2022-2030) ($MN)
28 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Industrial (2022-2030) ($MN)
29 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Agricultural (2022-2030) ($MN)
30 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Food & Beverage (2022-2030) ($MN)
31 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Retail & Consumer Goods (2022-2030) ($MN)
32 Global Oxo-Biodegradable Plastic Packaging Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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