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.
Driving factors of Biodegradable Water Bottle Market:
The biodegradable water bottle market is being driven by several factors. Firstly, there is a growing concern for the environment, with an increasing focus on sustainability and reducing plastic waste. Biodegradable water bottles provide a solution to this issue by being made from plant-based, fully biodegradable, and recyclable materials.
Secondly, there is a rise in the adoption of environmentally friendly products, driven by consumer demand for eco-friendly alternatives. Biodegradable water bottles are an attractive option for environmentally conscious consumers, who are looking for sustainable alternatives to traditional single-use plastic bottles.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Biodegradable Water Bottle market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Biodegradable Water Bottle market is provided to gain a deeper understanding of its growth and progress.
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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