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.
Transparency Market Research has announced to add a report on the paper bottles market to its vast repository. The report is expected to offer an in depth analysis of the industry with all important segments. Along with this, the report will help users with several vital data that will help indicating growth and latest trend in the paper bottles market during the forecast period.
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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.
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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Further, improvement in regulatory reforms pertaining to curb plastics use is another factor expected to offer favourable growth opportunities to the paper bottles market.
Paper Bottles Market: Regional Outlook
On the basis of geography, the paper bottles market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Among all these regions, North America is expected to hold the largest share in the paper bottles market, however the region is expected to shed shares to Asia Pacific region towards the end of forecast period owing to the presence off several key players in the region and rapid expansion of food packaging industry in the region.
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