How Big Will the Global Market for Eco Friendly Bottles be by 2027?
The global market for Eco Friendly Bottles is projected to reach US$3.8 billion by 2025, driven by the growing threat of plastic pollution on land for plants, animals and humans.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global h market. Report segmentation includes Material (Polylactic Acid, Cellulose, Starch, Water Soluble Polymers, Bio-derived Polyethylene, Aliphatic/Aromatic Co-Polyesters, Polyhydroxyalkanoates, and Other Materials); and Application (Mineral Water, Non-Alcoholic Beverages, Household Products, and Other Applications).
7 June 5:23 A.M., California/Marketwire/ - According to the new market research report, the global market for Eco Friendly Bottles is projected to reach US$3.8 billion by 2025, driven by the growing threat of plastic pollution on land for plants, animals and humans. The global Eco Friendly Bottles market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
The coming years will however witness plastic consumption stabilize as growing awareness encourages voluntary environmental stewardship among consumers and stringent regulations force manufacturing companies to adopt greener alternatives. The scenario is poised to benefit green eco-friendly bottles which are defined as bottles made of biodegradable materials such as bamboo, algae, husk, recycled paper, bulrush, and sugarcane pulp, or from biodegradable plastic materials such as polylactic acid (PLA), biodegradable PET and polyhydroxyalkanoates (PHA). The bottled water industry is a major market given the fact that this industry currently consumes a large portion of plastic bottles. Several R&D initiatives are focused on developing cost-effective and innovative eco-friendly bottles i.e. development of algae-based biodegradable water bottles; use of plant-based bioplastic; edible plastic based on Agar, gelatin and seaweed; and paper-based bottles. The market is expected to receive a boost from expected clampdown on plastic use. By the year 2021, the number of countries banning single-use plastic items is expected to increase following the passing of EU law banning the use of single use plastic items. Several other countries have also announced plans to implement similar legislations.
Key Competitors Covered in the Report
Ecologic Brands Inc.
Paper Water Bottle Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1096. Among this pool, 197 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 44 unique participations, a total of 21 validated responses were received as part of this report's primary research outreach program.We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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