In 2023, the worldwide paper bottle market is expected to be worth US$ 29.21 billion. The market is expected to grow at a 6.2% CAGR and reach a value of US$ 53.31 million by the end of 2033.
Paper bottle sales are rapidly expanding due to its biodegradability and eco-friendliness, as well as increased desire to replace plastic bottles. The rising demand for beverages, along with the growing need for optimal storage, is expected to drive sales of paper bottles.
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Some of the main paper bottle suppliers are taking steps to create more effective business frameworks that combine progressive environmental, social, and governance (ESG) business considerations that are expected to contribute to market growth. Growing demand for biodegradable paper bottles, along with rigorous government rules aimed at reducing plastic usage, is expected to create profitable possibilities for target market participants.
Paper bottles are being developed by prominent companies like as PepsiCo, Diageo, and others to bring environmental benefits to environmentally aware consumers. Several stakeholders in the target sector are taking advantage of this opportunity to expand their manufacturing capacities. To comply with sustainability principles, several producers from various sectors desire products with sustainable packaging.
Why are global sales of paper bottles increasing so rapidly?
“Demand for Sustainable Products Drives Paper Bottle Sales”
The rising demand for paper bottles has been supported by a strong foundation of sustainability. Numerous government agencies are developing comprehensive and sustainable models in their different nations, which are projected to increase demand for paper bottles while also serving as an alternative for plastic bottles.
Developed regions, such as North America and Europe, are helping to drive the considerable growth in demand for paper bottles. These regions are seeing a significant increase in the use of sustainable products, which reflects a similar trend in the adoption of paper bottles. Government measures aimed at reducing the use of plastic are expected to provide prospects for paper bottle suppliers.
Key Players:
- Paper Water Bottle
- DIAGEO
- Choose Packaging
- ELOPAK Group
- Frugalpac
- ABSOLUT
- Stora Enso
- TIKKUM OALM MAKERS
- BioPak
- 3EPack Group
- Tetra Pak
- Billerudkorsnas
- Ecological Brands Inc.
- Paboco
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Regional Analysis:
The market for paper bottles in the United States is expected to grow at a 5.3% CAGR and reach a value of US$ 15.62 million by the end of the assessment period in 2033. The presence of several key industry players in the United States helps to drive market expansion. The target market’s sales are being driven by the easy availability of raw materials and growing R&D spending. Rising investments in the paper pulp sector are also likely to create market development prospects. People’s increasing disposable income in the United States is also expected to contribute to market growth.
Paper bottle sales in the United Kingdom are expected to grow at a 5% CAGR and reach a market value of US$ 2.61 million by the end of 2033. Because of its well-established beauty and personal care sector, the United Kingdom market has a positive stance on industry products. These end users are aligning with sustainability ideals in order to increase their worldwide importance. To fulfill the objective of sustainable development, certain makers of personal and beauty care items are partnering with providers of paper bottles.
Key Segments of Industry:
- By Type :
- Paper Water Bottles
- Paper Packaging Bottles
- By Compostability :
- Fully Compostable
- Partially Compostable
- By Volume :
- Less than 1 Liter
- 1 to 2 Liters
- More than 2 Liters
- By End Use :
- Household
- Commercial Packaging
- By Sales Channel :
- Offline
- Online
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