Eco Friendly Bottles Market Report
Eco-Friendly Bottles Market Trends, Dynamics & Market Insights See less
Eco-Friendly Bottles Market Trends, Dynamics & Market Insights
Eco-Friendly Bottles Market, By Material (Polylactic Acid, Cellulose, Starch, Water Soluble Polymers, Aliphatic/Aromatic Co-polyesters, Moulded Fiber, Polyhydroxyalkanoates, Bio-derived Polyethylene), Application (Mineral Water, Non-Alcoholic Beverages, Household Products, Other), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Eco-Friendly Bottles market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
Eco-Friendly Bottles Market, By Material (Polylactic Acid, Cellulose, Starch, Water Soluble Polymers, Aliphatic/Aromatic Co-polyesters, Moulded Fiber, Polyhydroxyalkanoates, Bio-derived Polyethylene), Application (Mineral Water, Non-Alcoholic Beverages, Household Products, Other), and Region ...
The Eco-Friendly Bottles market is projected to grow from USD 3.1 billion in 2020 to USD 4.5 billion by 2026 at a CAGR of around 6.6% during the forecast period.
Eco-friendly products are known as earth-friendly or products which does not cause any harm to the environment. Eco-friendly products also prevent contributions to air, water, and land pollution. Eco-Friendly Bottles are primarily made using materials including polylactic acid, cellulose, starch, water-soluble polymers, aliphatic/aromatic co-polyesters, molded fiber, polyhydroxyalkanoates, and bio-derived polyethylene.
Key players operating in the Eco-Friendly Bottles market are-
The growth of the eco-friendly bottles market is primarily driven by increasing demand for bottles made using green and sustainable materials. Rising consumer awareness about the consumption of green products is expected to drive the growth of eco-friendly bottles at a significant rate during the review period. Additionally, increasing environmental regulations about landfills is likely to create lucrative opportunities for the market players during the review period.
By application, the eco-friendly bottles market has been bifurcated into mineral water, non-alcoholic beverages, household products, and others. Under these, the mineral water segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high product adoption rate coupled with the presence of key market players such as Ecologic Brands, Inc. (US) and One Green Bottle (US). The market growth in the Asia-Pacific region is expected to be driven by increasing awareness among consumers related to the consumption of natural and green products in developing countries, particularly China and India.
The outbreak of the COVID-19 virus has affected the growth of the bottles industry significantly. Stringent lockdown measures and restricted movement of people affected the production and product supply for a short period and thus, affected the market growth.
Here is the list of the group of customers that the eco-friendly bottles market hopes to have the greatest opportunity to convert-
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The eco-friendly bottles market is expected to witness an impressive growth of 6.6% CAGR in the coming years.
EcoXpac (Denmark), Ecologic Brands, Inc. (US), One Green Bottle (US), Cascade Designs, Inc. (US), SKS Bottle & Packaging (US), EarthLust (US), Pachamama (France) and Pepsi-Cola Metro-politan Bottling Company, Inc (US) are among the key players in the eco-friendly bottles market.
The eco-friendly bottles market size is expected to reach USD 4.5 billion in the foreseeable future.
The mineral water segment is expected to register significant growth in the eco-friendly bottles market in the coming years.
North America accounted for the largest share in the eco-friendly bottles market in 2020.
Eco-friendly bottles distributors, Eco-friendly bottles suppliers, Eco-friendly bottles manufacturers, Logistics organizations, Government bodies are the target audience in the eco-friendly bottles market.