Paper Bottles Market: Overview
The global paper bottles market is anticipated to rise at a significant pace during the forecast period, thanks to the increasing adoption of paper bottles by key players.
Paper bottles as name suggests are bottles that are made of plastics. This is a noteworthy approach to curb plastics waste and protect environment form its harmful impact.
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Paper Bottles Market: Notable Developments
Some of the recent development in the paper bottles market are-
Several end use industries such as Star Bucks and MC Donald have decide to drop plastics use and go for paper bottles in all their outlets is a prominent factor expected to drive the paper bottles market.
At present the paper bottles market is at its nascent stage and that the reason there are only a handful players operating in the paper bottles market. Some of the prominent players operating in the paper bottles market are JUST Goods, Inc., Ecologic Brands Inc., Paper Water Bottles and green bottles. This make competitive landscape of the paper bottles market consolidate.
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Paper Bottles Market: Key Trends
The global paper bottles market is expected to grow at a remarkable pace in the coming few years, thanks to the changing consumer preference towards paper bottles. One of the prominent factors behind this is paper bottles are biodegradable and they decompose totally within 80 days without leaving any micro-particles or heavy metals behind. Whereas, plastics bottles take near about 400 years to decompose. Rising awareness among people regarding benefits of paper bottles is expected to fuel the growth of the global paper bottles market.
However, high costs of the paper bottles as compared to other plastics substitute is one of the strong factor impeding the growth of the paper bottles market during the forecast period. In addition to this, weight bearing capacity of paper battles are extremely less than any plastics bottles.
Nevertheless, to overcome this, players in the paper bottles market are investing in advanced technology to lower down manufacturing costs. This is expected to drive the global paper bottles market.
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