The market size for biodegradable water bottles was strong in 2020 and is predicted to experience a rapid revenue growth rate throughout the forecast period. The main drivers of this growth are increasing concerns for the environment, a greater focus on reducing the usage of single-use plastics, and increased government support through subsidies, tax concessions, and favorable policies.
Biodegradable water bottles are a new alternative to traditional non-reusable plastic bottles. These bottles are made from plant-based, fully biodegradable, and recyclable bioplastic. During production, they do not release any carbon into the atmosphere, making them environmentally friendly. Biodegradable water bottles play a significant role in reducing environmental pollution, particularly in water and soil, and require three times less water to manufacture than single-use plastic bottles.
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Top Companies Operating in the Global Biodegradable Water Bottle Market Report:
Paper Water Bottle, Just Water, Choose Water, Lyspackaging, Cove, TSL Plastics Ltd., Raepack Ltd., Montana Private Reserve, Mistsubishi Chemicals (MCPP), Ecologic Brands Inc.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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The global Biodegradable Water Bottle market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Capacity Outlook (Revenue, USD Billion; 2018-2028)
- 15ml-100ml
- 101-500ml
- 501-1000ml
- Above 1000ml
Material Type Outlook (Revenue, USD Billion; 2018-2028)
- Organic Material
- Paper
- Sugarcane Pulp
- Bamboo
- Algae
- Biodegradable Plastic
- Polylactic Acid (PLA)
- Starch-based Plastics
- Poly-butylene Succinate (PBS)
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Residential Use
- Institutional Use
- Specialty Purpose
- Sports
- Travel
- Gym
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