biodegradable water bottles market is expected to grow at a CAGR of 5.5% during the forecast period. The growth of the market is mainly driven by the rising environmental concerns, consumer preference toward sustainability and affordable price of the products, leading to higher growth of the global biodegradable water bottle market. Moreover, significant efforts toward reducing the carbon footprint along with minimizing the usage of plastics are expected to propel market growth. According to Beyond Plastic, the US plastic industry is responsible for 232 million tons of CO2e gas emissions per year, and nearly 42 plastic facilities have opened since 2019 in the US. The new plastic plants release an additional 55 million tons of greenhouse gas emissions. Moreover, the biodegradable water bottles are made up of plants such as bamboo, algae, sugarcane, pulp, and various other biodegradable plastic such as polylactic acid (PLA), starch-based plastic, and polyhydroxyalkanoates (PHA).
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Some key players operating in the market are adopting various strategic initiatives such as partnerships, new product launches, and collaborations, to remain competitive in the market. For instance, in October 2020, Bacardi produced 100% biodegradable plastic packaging made with plant-based oil by 2023. In addition to launching these new bottles in 2023, the company has also committed to removing all non-essential single-use plastic in the next three years.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Biodegradable Water Bottles Market by Capacity
- 15 ml- 100 ml
- 101 ml- 500 ml
- 501 ml- 1000 ml
Global Biodegradable Water Bottles Market by Material
- Organic
- Biodegradable Plastic
Global Biodegradable Water Bottles Market by by Distribution Channel
- Supermarkets
- Online Stores
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 24Bottles Società Benefit S.r.l. P.IVA
- Biopac
- Chlorophyll Water
- Choose Water Ltd.
- Coca-Cola Co.
- Cove
- Ecologic
- Kagzi Water Bottle
- Mitsubishi Chemical Advanced Materials AG
- Montana Private Reserve
- Ocean Bottle
- Paper Water Bottle
- eu
- RePack Group Ltd.
- Shanghai COPAK Industry Co., Ltd.
- TSL Plastics Ltd.
- UrthPact
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biodegradable water bottles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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