Global Oxo-Biodegradable Plastic Packaging Market – Forecast Analysis
As per the analytical research study carried out on oxo-biodegradable plastic packaging, the global market is expected to soar at a rate of 5.4% (value CAGR) during the forecast period, mainly driven by increasing need for environment friendly packaging solutions and supportive government regulations with respect to use of oxo-biodegradable plastics for packaging. In 2017, the global oxo-biodegradable plastic packaging stood at US$ 637.3 Mn and is estimated to reach a value higher than US$ 1000 Mn by end of the assessment period (2026).
Main players competing in the global oxo-biodegradable plastic packaging market are 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 and Add Plast.
Symphony Environmental Technologies plc (LON:SYM) is a world leader in the development of additives to make ordinary plastic biodegradable and protective technologies to enhance plastic products.