Press release
Eco-Friendly Bottles Market Players are Anticipated to Earn Significant Revenues in the Future
The continuous buildup of plastic waste over the years because of unregulated manufacture of plastic bottles that had a negative impact on the environment. The non-biodegradable nature of plastic waste caused deterioration to the soil and thus has made it mandatory to find a substitute for plastic bottles. Thus, the eco-friendly bottles have gained immense acceptance across the globe. Additionally, the government has also been involved in promoting the use of eco-friendly bottles. The government has played a major role in spreading awareness amongst the population through promotional campaigns. The adoption of eco-friendly bottles has been fast especially n US and Canada, and this has driven the growth of the market in North America. The governments in the countries such as US and Canada have formed separate government bodies for the preservation of the environment.
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The market for eco-friendly packaging in Asia Pacific region has also gathered attention due to the emerging concern of the people towards the environment. On the basis of material the market is segmented into polylactic acid, cellulose, starch, water soluble polymers, aromatic co-polyesters, moulded fiber, Polyhydroxyalkanoates, and Bio-derived Polyethylene. It has been anticipated that polylactic acid will have the highest share in the global eco-friendly bottles market in future because of the increasing of its use in numerous application sectors. It is anticipated to witness around 8% CAGR in the forecast period On the basis of application, the market is segmented into mineral water, non-alcoholic beverages and household products
Some of the companies in the Eco-Friendly Bottles market are One Green Bottle, Ecologic Brands Inc., Earthlust, Cascade Designs Inc., SKS Bottle and Packaging Inc., and Cascade Designs Inc. among others. The major companies operating in the global Eco-Friendly Bottles market will eventually grab the opportunity presented by the new technology to further enhance their product offerings.
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