The global biodegradable water bottles market is expected to reach at a CAGR of 4.6% during the forecast period 2021 to 2028. Biodegradable water bottles have huge contribution in avoiding environmental pollution, which is likely to increase the sales of biodegradable water bottles in the years to come. The biodegradable water bottles market growth driven by owing to the demand from residential use, institutional use, and for specialty purposes.
The need of research for an alternative solution for plastic water bottles has risen, as plastic water bottles play a vital role in the environmental pollution. The biodegradable water bottle launch is a major technological invention toward controlling the waste of plastics. Biodegradable water bottles are usually made of plants such as bamboo, algae, sugarcane, pulp, paper, and various biodegradable plastic such as polylactic acid (PLA), starch based plastics, poly-butylene succinate (PBS), Polyhydroxyalkanoates (PHA), and Polyhydroxybutyrate (PHB), which are easily decomposed in the soil within 100 days. The production of these materials does not use fossil fuels, which are hazardous to soil or water. The plaguing oceans has also become a major issue in current times and increasing at a very fast rate. Following this, many companies are preferring and promoting environmental sustainable products. Due to these reasons, growth in demand for biodegradable water bottles is expected to grow strongly during the forecast period.
Focus on Minimizing Global Waste to Fuel Market Growth
The exponential rise in the global waste around the world, due to factors such as industrialization, urban development, rising population, and economic development of both, the underdeveloped as well as developing nations, has led to the demand for biodegradable water bottles. Furthermore, in the current scenario, consumer purchase decisions are largely influenced by the eco-friendliness quotient of the product. This factor is also driving the biodegradable water bottles market. Increasing consumer concerns pertaining to the climate change and desire to minimize their individual impact on the environment has led to a considerable rise in the demand for biodegradable water bottles.
In addition, plastic bans announced by governments of several nations around the world have paved the way for sustainable alternatives, including biodegradable water bottles. For instance, the ban on single-use plastic imposed by the European Union increased the popularity of bio-based and biodegradable materials– a factor that is expected to propel the global biodegradable water bottles market during the assessment period. Over the past few years, innovations have occurred at a rapid pace across the global biodegradable water bottles market landscape. For instance, a number of market players are currently focusing on the development of bio-plastics to improve the quality of sustainable packaging. Sensing increasing aversion to plastic products, plant-based water bottles are gradually being launched by a number of established as well as new market entrants.
Brands to Focus on Launching New Products
Many companies operating in the current biodegradable water bottles market are anticipated to focus on product development to improve their market position. A number of brands is currently focusing on introducing new biodegradable water bottles. For instance, in 2018, Cove announced the launch of water bottles that were completely developed using biodegradable materials. In October 2020, Bacardi announced the launch of the world’s first sustainable spirit bottle that is primarily developed using plant-based material. In February 2020, one of the leading companies across the food & beverages industry, Agthia Group, announced that the company is set to distribute newly developed plant-based water bottles in the Middle East.
Use of Biodegradable Water Bottles to Enhance Environmental Sustainability
Restrictions on Usage of Plastic to Boost Demand for Biodegradable Water Bottles
By End Use
Scope of the Report
A new study on the global biodegradable water bottles market, providing forecast for the period of 2021-2028. In the study, growth opportunity for the biodegradable water bottles market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the biodegradable water bottles market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Key indicators associated with the biodegradable water bottles market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global biodegradable water bottles market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of biodegradable water bottles. Furthermore, forecast factors and forecast scenarios of the biodegradable water bottles market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the biodegradable water bottles market are provided on the basis of material, capacity, end use, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The biodegradable water bottles market is analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the biodegradable water bottles market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of biodegradable water bottles manufacturers by leveraging an intensity map. It also highlights key end users for biodegradable water bottles.
A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the biodegradable water bottles market for the study evaluation period. The report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the biodegradable water bottles market. The report has further undergone a cross-validation by in-house professionals to make the biodegradable water bottles market report one-of-its-kind with the highest credibility.
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