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Oxo-biodegradable plastic packaging market set to grow

02 September 2018

A recent survey on oxo-biodegradable plastic (OBP) packaging predicts that the global market for OBP is set to rise by 5.4% per annum. 

The report, by US-based Persistence Market Research, states that the oxo-biodegradable packaging market is being driven by the need for more environment-friendly packaging solutions and supportive government regulations.
 
Plastic has become a vital component in the packaging industry. However, it has become increasingly evident that a lot of this plastic ends up in the open environment as litter. 
 
Responsible companies are now starting to look for viable alternatives to conventional plastic, and oxo-biodegradable plastic is one solution.  It looks and feels like conventional plastic and can replace similar short-life plastic items and packaging, plus it can be recycled if collected – without issue. Unlike conventional and bio-based plastic if it escapes collection and ends up in the open environment as litter, it will degrade and then biodegrade.
  
The report predicts that the oxo-biodegradable plastic market will continue to grow, particularly in Asia-Pacific regions and other areas where there is a lack of infra-structure for collection of plastic waste, or very few if any, recycling facilities to process the waste.


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