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Market Growth of Biodegradable water bottles Market to Remain Sluggish During 2028

12-11-2018 03:18 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Market Growth of Biodegradable water bottles Market to Remain

Biodegradable water bottles market: Overview

According to the estimates, more than 8 million tonnes of plastic litter is dumped into the ocean every year, damaging aquatic life. One of the worst culprits of single-use plastic is plastic water bottles that are discarded as soon as the drink is finished. These plastic water bottles take between 400 to 1000 years to degrade. Introduction of biodegradable water bottles is a significant step towards curbing the pollution caused by plastic. Biodegradable water bottles are made from organic materials such as algae, bamboo, husks, bulrush, recycled paper, sugarcane pulp and biodegradable plastic bottles are made from PLA (polylactic acid), PHA (polyhydroxyalkanoates), and biodegradable PET. Biodegradable water bottles are an ideal choice as they decompose within 80 days.

Biodegradable water bottles do not leave behind any micro-particles or leach heavy metals in the environment. These bottles are made from sustainable materials and do not use fossil fuel for its production. Biodegradable water bottles are considered a significant breakthrough in combating the trash problem that is plaguing the oceans. Biodegradable water bottles market is expected to increase as many companies will adopt an environmentally friendly packaging solution for storage and transport of water.

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Biodegradable water bottles market: Dynamics

Half of all the plastic water bottles are used only once, and these bottles require three times the amount of water to produce a plastic bottle than it does to fill one. Biodegradable water bottles are an alternative measure against the traditional plastic bottles that are causing considerable damage to the environment. Biodegradable water bottles can degrade anywhere, be it on land or ocean. The growing environment protection awareness among people will help the biodegradable water bottles market to flourish. The global biodegradable market accounts for a share of less than 1% of the plastics market, but with an increase in R&D adopted by market players, the market is expected to grow steadily. Eco-friendly and cost-effective nature of the biodegradable water bottles drives the biodegradable water bottles market positively.

The urgent need to replace the amount of unreal plastic that is produced, used and thrown away will help in the significant growth of biodegradable water bottles market shortly. Biodegradable water bottles made from algae are purely vegan and edible. These bottles made from organic sources can withstand high levels of water exposure and are shatterproof. Soon other food grade companies are expected to adopt biodegradable bottle packaging solutions for items like juice, milk and other household products. There is growth in the demand for bottled water because of the hygienic and safe drinking solutions which will lead to a significant increase in the biodegradable water bottles market during the forecast period. However, beautiful transparent plastic water bottles are part of marketing and a primary restraint for the growth of biodegradable water bottles. Temperature specific biodegradable plastics degrade only at 50°C which is not possible inside the ocean; this might hamper the growth of biodegradable water bottles market.

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Biodegradable water bottles market: Key players 

Paper water bottle,Ch2oose,Anhui Idea Technology Ltd.,Taizhou merry port Plastic Products Co. Ltd.,Lyspackaging,Vegan bottle,Mitsubishi Plastics,Biopac Co.,Raepack Ltd

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.

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About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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