The global paper bottles market is estimated to grow at ~7% CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing environmental awareness amongst the masses regarding the demerits of using plastic bottles. Plastics is a non-biodegradable material, which is primarily responsible for polluting the oceans. According to the UN Environment report, 1 million plastic drinking bottles are purchased every minute, most of which end up in landfills and oceans. Only 9% of all plastic waste gets recycled, while over 79% gets dumped in water bodies or open garbage dumps. Paper bottles offer a green alternative to plastic bottles, as they are biodegradable, and do not harm the environment. This is estimated to act as a major growth driver for the market. Further, government initiatives to limit use of single-use plastics, such as setting up plastic waste management system, is expected to promote the use of plastic bottles on a mass scale. The use of paper cups, straws and bags has gained significant acceptance in the recent years, and paper bottles are expected to follow the same trend.
The market is segmented by bottle type into shampoo bottles, soap dispenser, air freshener, water bottle, and others, out of which, the water bottles segment is anticipated to witness notable growth in the global paper bottles market over the forecast period on account of increasing adoption of paper bottles, along with the R&D activities to offer plausible alternative to plastic water bottles. Yearly, over 80 billion water bottles are produced, out of which 75% are never reused or recycled, and end up in landfills. Plastic water bottles create a major share of all plastic waste, which is why, this segment is expected to attain growth in the upcoming years. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of geographical analysis, the global paper bottles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rising government initiatives to reduce pollution, and promote the adoption of eco-friendly products. Moreover, APAC region is a major consumer of manufactured goods, owing to the high population in the region, which can generate massive growth opportunities for the market in the region. The most polluted rivers of the world- Yangtze River, Indus, and Huang He, all are in the APAC region. According to a report by the UN Environmental Program, the Yangtze River contained 1,469,481 tons of plastic, while Indus had 164,332 tons of plastic waste in 2018.
On the other hand, the market in the North America region is anticipated to gain a substantial share in the market during the forecast period, on account of high public awareness regarding the conservation of environment, along with large number of NGOs working towards creating awareness in this direction. Along with this, the presence of major manufacturers of paper bottles is also estimated to boost the market growth.
The global paper bottles market is further classified on the basis of region as follows:
Our in-depth analysis of the global paper bottles market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing environmental awareness among people and biodegradable and compostable nature of paper bottles to boost the market growth.
The market is anticipated to attain a ~7% CAGR of over the forecast period, i.e., 2022 – 2030.
Higher production cost of paper bottles is estimated to hamper the market growth.
The market in the Asia Pacific is estimated to gain significant market share over the forecast period owing to the large consumer base of the region, along with growing environmental awareness amongst the people.
The major players in the market are Paper Bottle Company, BillerudKorsnäs AB, Frugalpac Limited, Ecologic Brands Inc., VEGANBOTTLE, JUST Goods, Inc., Choose Packaging, and LYSPACKAGING.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by bottle type, raw material, end-user, and others.
The water bottle segment is anticipated to hold largest market value over the forecast period and display significant growth opportunities.
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