The growing awareness of environmental protection among individuals will help the market for biodegradable bottles packaging to flourish and one step to control the contamination caused by plastic. One of the key reasons for launching packaging for biodegradable bottles is to eliminate single-use plastic bottles, three times more water is required for the production of one plastic bottle. The biodegradable bottles packaging consists of organic content that allows the bottle to decompose in less than hundred days without leaving any carbon footprints. The use of biodegradable bottles packaging materials has increased significantly with the growth in the e-commerce industry. Biodegradable bottles is used for the packaging of beverages, personal care products, pharmaceuticals and others. However as a growing number of companies in the biodegradable bottles packaging sector are rethinking their packaging strategies, as the beverage industry is growing significantly, this would raise the demand for biodegradable bottles packaging.
Biodegradable Bottles Packaging Market – Dynamics
The biodegradable bottles packaging is an environmentally friendly product that does not release any carbon at the time of production. Increasing awareness of the harmful impact of plastic packaging materials on the ecosystem and the environment will drive the global market for biodegradable bottles packaging. Beautiful clear plastic water bottles, however are part of the marketing and a key restraint for biodegradable bottles packaging, which may hinder the growth of the demand for biodegradable bottles packaging. With the growing food and beverage industries, it is expected that food & beverages companies will adopt biodegradable bottles packaging for products such as juice, milk and other household products, which will act as an opportunity for biodegradable bottles packaging market. Growing population, stringent government legislation, and innovation of technology in biodegradable bottles packaging are among the industry developments. These components are relied on as the basic reasons behind the growth of the demand for biodegradable bottles packaging.
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Post COVID-19 end users are more concerned with personal hygiene, safe food practices, with the growth of online grocery stores and food, fruits & vegetables, milk products and door-step distribution of beverages having a positive effect on the demand for biodegradable bottles packaging. Biodegradable bottles packaging producers are facing challenges after the pandemic due to a delay in production and less supply of raw material, but the operation is back in process after the latest legislation and demonstrates a substantial increase in the demand for biodegradable bottles packaging.
Biodegradable Bottles Packaging Market – Segmentation
Globally, the Biodegradable bottles packaging market is segmented by material type, capacity and end use.
By Product Type, the global Biodegradable bottles packaging market has been segmented as follows
By Capacity, the global Biodegradable bottles packaging market has been segmented as follows
- 15 ml – 100 ml
- 100ml – 500ml
- 500ml -1000 ml
By End Use, the global Biodegradable bottles packaging market has been segmented as follows
- Food & Beverage
- Beer & Cold Drinks
- Tea & coffee
- Milk Products
- Personal Care Products
Biodegradable Bottles Packaging Market – Regional Outlook
Demand for packaged dairy, beverages and the practice of bulk shopping of products is increasing in Europe, with the aid of this packaging it extends shelf life and acts as a fuel to the market for biodegradable bottles packaging. Due to moderate demand from small and midsize enterprises in the region, North America has a steady market. Government rules and regulations concerning the use of plastic packaging have a positive impact on the market of biodegradable bottles packaging. Due to the growing e-commerce industry, the Asia Pacific market has the largest growth, offering demand for the biodegradable bottles packaging market.
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Biodegradable Bottles Packaging Market – Key Players
The key players of global biodegradable bottles packaging market are
- Smurfit Kappa Group
- Biopac Co.
- Paper Water Bottle
- Ecologic Brands Inc.
- The Coca-Cola Company.
- International Paper Company
- Mitsubishi Chemical Corporation
- Biopac, Georgia-Pacific LLC
- Stora Enso
- BASF SE
- Natureworks LLC
- Total Corbion PLA
- Biome Bioplastics
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