This Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.
This study is one of the most comprehensive documentation that captures all the facets of the evolving Sugarcane Based Pet Bottles market.
Sugarcane Based PET Bottles Market: Overview
Sugarcane based bottle is the biopolymer packaging solution which is manufactured from bagasse, the fibrous material left behind after extracting sugarcane juice. These bottles are recognized as ‘Green Polyethylene bottles’ which has zero harmful impact on the environment. The sugarcane is effectively capturing CO2 i.e., 1 kilogram of green plastic helps to remove approximately 3.09 kilograms of CO2 from the air.
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As the sugarcane based PET bottles are Bisphenol A (BPA) free, the demand for these bottles is consistently increasing across the world. The market of sugarcane based PET bottles is dynamic. With the technological advancement, key players are focussing on the manufacturing of non-toxic, and high strength sugarcane based PET bottles.
These PET bottles consist of high resistance to breakage, hence increasing preference for sugarcane based PET bottles by the end-user is observed during transportation.
The demand for a safe and hygienic packaging solution for juice, milk, and other household products will lead to an exponential growth of sugarcane based PET bottles market during the forecast period.
Sugarcane Based PET Bottles Market: Dynamics
The driving forces for boosting the growth of sugarcane based PET bottles are fluctuating price of crude oil and high resistance to breakage. Additionally, the key factor responsible for increasing the demand of sugarcane based PET bottles is the increasing awareness about the negative impact of non-degradable plastic on the environment.
Growing preference of sugarcane based PET bottles is witness among the end-users, as it is easily recyclable, and no carbon footprints are released in the environment. The sugarcane based PET bottles market in increasing on the backdrops of increasing food and beverages sector.
Leading beverages suppliers such as Coca-Cola are using sugarcane based PET bottles for packaging. About 30% of coke bottles in North America are manufactured from sugarcane. Besides this, increasing consumption of packed mineral water also creating lucrative opportunities for sugarcane based PET bottles market.
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Sugarcane Based PET Bottles Market: Regional Overview
The global market of sugarcane based PET bottles is lead by North America. It is witness that, the demand for sugarcane PET bottles is surging into the United States due to its strength and eco-friendly material source.
Along with this, potential growth of this market is expected in Canada. The Asia Pacific region is accounted for the fasted growing region and contributing to a significant boost for sugarcane based PET bottles market. The low production cost and abundant availability of raw material such as sugar and molasses in this region are the key success factors for flourishing this market. India and China are the leading markets in this region.
Sugarcane Based PET Bottles Market: Key Players
The key players of sugarcane based PET bottles market are given below:
- Raepak Ltd.
- Maynard & Harris Plastics – RPC Group
- Kaufman Container
- VeganBottle
- Pretium Packaging
Owing to the increasing demand among consumers and the benefits of using biodegradable PET bottles, it is witness that many new players are entering the market. This includes startups, small and medium scale industries, and other key players which contributes to significant revenue generation in the global market.
Sugarcane Based PET Bottles Market: Recent Developments and Trends
- On 7th February 2019, Pretium Packaging initiated biobased sports nutrition bottle line. The company is manufacturing bottles using sugarcane based polyethylene.
- On 1st March 2018, RPC M&H Plastics won Innovative Showcase Award 2018 in Packaging Innovations at Birmingham for flexible tubes bottles manufactured from sugarcane biopolymer.
- On 3rd December, a South Africa based company, Air Water Company initiated manufacturing of 100% biodegradable bottles manufactured from sugar cane fiber and polylactic acid. As per the Founder and CEO of AIrwater Mr. Ray De Vries, if sugarcane bottle is kept for decomposition, then the bottle will disappear in 150 days and will be converted into nutrients for the soil. Furthermore, is the sugarcane based PET bottle is burn then it will result into nontoxic energy fuel.
- On 23 August 2018, a Brazil-based petrochemical company United Caps and Braskem have collaborated with United CAPS for manufacturing sugarcane based plastic closures for bottles.
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