Biodegradable Water Bottles Market Size, Share, Growth Report 2032

The global Biodegradable Water Bottles Market was valued at $2437.16 Million in 2022, and is projected to reach $3549.81 Million by 2030, growing at a CAGR of 5.52% from 2023 to 2030.

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Global Biodegradable Water Bottles Market: Overview

Across the world, approximately one million plastic bottles are bought per minute. Over 99 percent of the plastics are produced from chemicals that are derived from coal, oil, and natural gas all of which are non-renewable resources. Only 9 of the plastic waste is been recycled, around 12% is incinerated, and the remaining 79% is accumulated in dumps, natural environment, and landfill.

All these processes are eventually affecting the environment adversely. Biodegradable water bottles aim to minimize the waste as they are made up of organic materials like sugarcane pulp, bulrush, bamboo, algae, polyhydroxyalkanoates, or polylactic acid. Thus, the use of these bottles is considered to be an effective way to reduce plastic waste.

Global Biodegradable Water Bottles Market: Overview

The global biodegradable water bottles market is growing at a substantial rate. Factors such as growing environmental concerns arising due to plastic bottles, rise in government initiatives to encourage people to use biodegradable water bottles, and reduction in the use of single-use plastic are the major factors that are propelling the growth of the market. Additionally, several countries have announced a ban on the usage of plastic and thus, biodegradable water bottles can be a good alternative for plastic water bottles. The biodegradable water bottles do not have any detrimental impact on the environment as the bottle, label, and cap all are compostable.

The plant-based biodegradable water bottles reduce carbon footprint. They breakdown and can be incinerated as clean-burning fuel easily. Such types of bottles are perfect for entertainment complexes, corporate venues, sporting events, and many more. This will significantly reduce plastic bottle waste. Moreover, the rise in the production of bioplastics such as PHA, PLA, starch blends, and many more is also spurring the growth of the global market.

Furthermore, an increase in R&D activities by the key players to manufacture biodegradable water bottles that are easily compostable and help reduce plastic waste may offer huge opportunities for the growth of the global biodegradable water bottles market during the forecast period. However, in some countries the preferences of the consumers towards use of plastic bottles may hamper the growth of the global market.

A sudden dropdown in the economy is been witnessed across the world amid the Covid-19 pandemic. Rise in cost of raw material, unavailability of workers, and halt in the production units are the consequences of the rules of complete lockdown and restriction on personnel movement enforced by several countries to control the spread of the virus.

The food & beverages, packaging industry, and manufacturers have also been adversely hit due to all these factors. In addition to this, the ban and shut down of sports & corporate events and gyms respectively have also lowered the demand for biodegradable water bottles during the outbreak. Moreover, the rate of tourism, one of the highest demanding sectors of biodegradable water bottles has also been lowered significantly. Thus, the growth of the global biodegradable water bottles market has been hampered during the pandemic but is expected to rise at a healthy rate with all the sectors being working at a speedy rate post-Covid-19 outbreak.

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Global Biodegradable Water Bottles Market: Segmentation

The global biodegradable water bottles market is classified based on material type, capacity, end-user, and region. Based on the material type, the global biodegradable water bottles market is categorized by biodegradable plastics, organic material, and others. Based on the capacity, the global market is bifurcated by 15-100ml, 101-500ml, 501-1000ml, and above 1000ml. The end-user segment is divided into specialty purposes, residential use, and institutional use.

Global Biodegradable Water Bottles Market: Regional Analysis

Asia Pacific region is estimated to hold the largest share in the global biodegradable water bottles market over the forecast period. The rise in government initiatives, ban on the use of plastic, growing concerns regarding plastic waste, and increase in a number of the tourism sector are the major factors that are boosting the growth of the market in this region. Followed by Asia Pacific, North America is estimated to witness substantial growth in the market due to the rise in demand for biodegradable water bottles for the consumers to reduce the impact of plastic on the environment and growing competition among the manufacturers to launch new products that are eco-friendly and can attract the consumers.

Global Biodegradable Water Bottles Market: Competitive Players

Some of the key players in the global biodegradable water bottles market are:

• Montana Private Reserve
• Lyspackaging
• Mitsubishi Chemicals (MCPP)
• Cove
• Ecologic Brands Inc.
• Choose Water
• Paper water bottle
• TSL Plastics Ltd.
• Just Water
• Raepack Ltd.

By Material Type

• Biodegradable Plastics
• Organic Material 
• And Others

By Capacity 

• 15-100ml
• 101-500ml
• 501-1000ml
• And Above 1000ml

By End-user

• Specialty Purposes
• Residential Use
• Institutional Use

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.