The market for paper bottles is anticipated to reach a value of US$ 64.2 million by 2022 and then grow at a CAGR of 5.4% to US$ 108.2 million by 2032. Paper bottle sales are expected to soar, with the top three nations controlling around 38% of the market in 2022.
As end users prefer paper bottles for their product storage and distribution while still retaining demand for beverages and personal care products, it has been noted that the demand for paper bottles is gradually rising on a global scale. People readily identify paper water bottles, which gained popularity throughout the evaluation year in the context of the green environment.
Paper bottles can be a possible substitute for plastic bottles when talking about sustainability and environmental pollution is the concern. Conversion from plastic to a complex substitute in packaging products like soap dispensers, shampoo bottles, medicine, air freshener sprays, home cleaners, etc. can be looked upon in the nearby future and hence, it is anticipated that the demand for paper bottles will uplift in the forecast period.
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What are the Key Trends Impacting Growth of the Paper Bottles Market?
The global packaging industry has undergone notable changes in the past few decades, changing consumer viewpoints and inclination drives the direction of change of packaging solutions. The consumer awareness for sustainable packaging formats has uplifted over the years, products such as sustainable and biodegradable bottles are anticipated to witness a rise in demand and sales in the forecast period.
Additional to sustainability, product packaging in alcohol industry is also shifting from glass/metal packaging to paper packaging which will lift up the market growth.
How Usage of Paper Bottles will improve the Sustainability Aspect of the Environment?
Employing the usage of paper bottles when compared to plastic bottles mark a great impact on the environment and the sustainability factor in terms of less landfilling and water pollution which is affecting the water life. Along with that, the emissions that are produced in the manufacturing of paper bottles are negligible as compared to the manufacturing of plastic bottles.
Paper bottles are biodegradable as it employs the use of the degradable material like paper which creates no solid residue pollution on the land, whereas in case of the plastic bottle it creates an enormous amount of air pollution along with water pollution. Paper bottles are an excellent combination of two major components, plant pulp and plant-based fibers which make the product attain high levels of sustainability, thereby addressing the concern.
In what ways Paper Bottles can gain up their demand in the Packaging Market Positively When Compared to Plastic Bottles?
Paper Bottle being a sustainable packaging product is contrived from numerous raw materials, such as biodegradable pulp mixture of the husk, bamboo, wheat straw, pulp from sugar cane, and/or bulrush. Shape and size are completely customizable according to the consumer’s needs or the manufacturer’s needs.
The factors such as versatility available in different sizes, shapes and colors, sustainability- in terms of decomposition and recycling, and improvement in the quality of life will act as market drivers for the market thereby growing the market in the forecast period.
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Competitive Landscape
Most of the key players operating in the paper bottles market are switching towards the usage of advance packaging. Leading players similarly utilize new product development as an essential method for growing their market presence among customers. Some of the recent developments in the market are as follows:
- In March 2022, PAPACKS Sales GmbH partnered with Keurig Dr Pepper Inc. to develop a fully recyclable and compostable paper bottle.
- In June 2021, Unilever launched its first ever paper-based laundry detergent bottle.
- The Absolut Company (TAC) announced on September 4, 2020, that as part of the Paper Bottle Company effort, they would be releasing 2,000 paper bottle prototypes. The prototype is made up of 57 percent paper and 43 percent recyclable plastic that is also produced entirely of recycled materials.
Paper Bottles Market by Category
By Capacity, Paper Bottles Market is Segmented as:
- 15 ml to 100 ml (Small)
- 101 ml to 500 ml (Medium)
- Above 500 ml (Large)
By Primary Usage, Paper Bottles Market is Segmented as:
- Everyday
- Sports
- Others (Travel, etc.)
By End Use Industries, Paper Bottles Market is Segmented as:
- Water
- Beverage
- Alcoholic
- Non-alcoholic
- Personal Care &Cosmetics
- Others (Homecare & Toiletries, etc.)
By Region, Paper Bottles Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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