Biodegradable Water Bottles Market to Cross US$ 3.6 Bn by 2030

The global biodegradable water bottles market was valued at US$ 2.3 Bn in 2021 and is projected to expand at a CAGR of 5.0% from 2022 to 2030 to surpass US$ 3.6 Bn by 2030.

Biodegradable water bottles are an eco-friendly solution and the best alternative to plastic bottles, as they play a vital role in avoiding environmental pollution. The major reason for the introduction of biodegradable water bottles is to terminate the single-use of plastic water bottles. The biodegradable water bottles made from organic materials get easily decomposed in less than 100 days without leaving any carbon footprints, thus causing any harm to the environment.

In recent years, biodegradable water bottles have witnessed an outstanding demand from consumers of specialty end-use applications such as sports, travel, and gym, owing to their sustainability outlook. The increasing awareness of environmental protection among the individuals will thrive the biodegradable water bottle market and help to curb the contamination caused by plastics.

Rising environmental concerns and the government's stringent rules & regulations against the use of plastics are other reasons behind the rise in demand for biodegradable water bottles. The developed countries are taking significant steps against the usage of plastics, this has augmented the biodegradable water bottle market. Thus, the manufacturers of biodegradable water bottles have more demand in the regions such as North America, and Europe in the next few years. Moreover, the leading players in the market are introducing various convenient and attractive biodegradable water bottles that exactly look and feel like plastic bottles, this would create significant demand in the forecasted period.

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Key Takeaways

As per capacity, 501 ml - 1000 ml biodegradable water bottles are estimated to remain dominant during the forecast period. This segment is expected to hold nearly 3/5th of the market value share by the end of 2030.

Biodegradable water bottles are mostly made from biodegradable plastics owing to their properties such as degradability, flexibility, durability, and printability. The commonly used biodegradable plastic is polylactic acid (PLA). This material segment holds almost 80% of the product market by value and is estimated to represent an incremental opportunity of US$ 826 Mn by 2030.

The specialty purpose segment is anticipated to remain the largest end user due to increasing preference of consumers for biodegradable water bottles during travelling. This segment is likely to expand 1.5x of its current market value share, witnessing a CAGR of 4.8% over the forecast period.

The Asia Pacific region is likely to remain the most lucrative market for biodegradable water bottles, witnessing an expansion of 1.7x of its current market value by 2030. Due to the rising use of plastic and environmental concerns in APAC, the market in this region will continue to contribute a major market share of biodegradable water bottles by end of 2030.

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Competitive Landscape Outlook

The global biodegradable water bottles market is highly competitive due to the presence of a large number of local players. Key players operating in the global market include Paper Water Bottle, Lyspackaging, UrthPact LLC, PLAbottles.eu, Wenzhou YAQI Plastic Products Co., Ltd, Ecologic Brands Inc., Montana Private Reserve, Cove, Mitsubishi Chemicals (MCPP), TSL Plastics Ltd. and other prominent players.

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Key Developments in Global Biodegradable Water Bottles Market

In March 2021, Cove Water Bottles signed PHA supply agreement with RWDC industries. This partnership will help Clove to produce the first water bottles made entirely of biodegradable materials.

In January 2020, the U.S. based company Urthpact LLC has made a transition towards sustainability by shifting to bio-plastic bottles from plastic bottles.

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