Global Eco Friendly Bottles Market to Reach $4 Billion by 2026
SAN FRANCISCO, April 18, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Eco Friendly Bottles – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 7; Released: February 2022
Executive Pool: 1096
Companies: 24 – Players covered include Choose Water; Ecologic Brands, Inc.; LYS Packaging; Paper Water Bottle, Inc.; Raepak™ Ltd. and Others.
Coverage: All major geographies and key segments
Segments: 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)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; 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); and Africa.
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Global Eco Friendly Bottles Market to Reach $4 Billion by 2026
Generally, bottles that can be reused several times are termed as eco-friendly bottles. The use of eco-friendly bottles ensures that large amounts of non-biodegradable waste are prevented from making its way into landfills. Eco friendly bottles make use of naturally sourced materials such as polylactic acid, cellulose, starch, water soluble polymers, aliphatic/aromatic co-polyesters, molded fiber, bio-derived polyethylene and polyhydroxyalkanoates, among others. Amid the COVID-19 crisis, the global market for Eco Friendly Bottles estimated at US$3.1 Billion in the year 2022, is projected to reach a revised size of US$4.0 Billion by 2026, registering a compounded annual growth rate (CAGR) of 6.9% over the analysis period. Europe represents the largest regional market for Eco Friendly Bottles, and is projected to reach US$1.4 Billion by 2026. United States is forecast to emerge as the fastest growing regional market with a CAGR of 7.9% over the analysis period.
Global market for eco-friendly bottles continues to grow at a strong rate, driven by the rising awareness about environmental conservation among the general population and governments. The sustainability focus is being driven mainly by rising consumer concerns over the use of oil-based packaging and their disposal. Given the untapped nature of the market, research efforts aimed at developing new solutions will play a critical role in driving growth in the eco-friendly bottles market. Eco-friendly bottles are made using various types of materials, of which polylactic acid (PLA) is the most widely used material. The positive mechanical attributes of polylactic acid are contributing towards its increasing use in manufacturing bottles, thus sustaining growth in the overall eco-friendly bottles market. The ease of use associated with PLA in varied application areas is also contributing to the segment growth. Another material with significant potential in developing eco-friendly bottles is bio-derived polyethylene.
North America and Europe account for a significant share of the global eco-friendly bottles market. The growing awareness about environmental conservation, presence of an extensive eco-friendly infrastructure, and growing government support for adoption of environment-friendly products are driving growth in the eco-friendly bottles market in North America. Europe constitutes another major market for eco-friendly bottles, mainly on account of the strong government support for environmental conservation products. Demand in Asia-Pacific region benefits from the rising awareness about environment conservation and the increasing efforts of regional governments to curb environmental pollution. More
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SOURCE Global Industry Analysts, Inc.
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