This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

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.

Print this page | E-mail this page