The global market for sugarcane bottles is anticipated to reach a value of US$ 52.8 million in 2022 and continue to grow at a CAGR of 5.9% to reach US$ 61.2 million by the year 2032, according to Future Market Insights’ research. With the top 3 nations predicted to control 35 to 40% of the market by the end of 2022, sugarcane bottle sales are predicted to increase.
Based on capacity, it is anticipated that the 251 ml to 500 ml category would continue to dominate the other sugarcane bottle capacities. Wide regions of application in numerous end-use industries are the cause of the same. The sugarcane bottles’ 251 ml to 500 ml volume range is estimated to create an incremental opportunity of US$ 3.8 Million from 2022 to 2032.
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According to FMI’s estimate, the sugarcane bottles industry generated $50.2 Million in sales in 2021. The global market for sugarcane bottles is anticipated to reach US$ 61.2 million by 2032, growing at a CAGR of 5.9% over the forecast period because to the increasing demand from different end-use categories.
The market for sugarcane bottles is anticipated to increase favorably during the anticipated time frame. According to a recent prediction by FMI, sales of sugarcane bottles will increase between 2022 and 2032, creating a US$ 11.0 million absolute incremental growth opportunity.
Key Trends in the Sugarcane Bottle Market:
- Sustainability Surge: Rising demand for eco-friendly packaging solutions as consumers and businesses prioritize sustainability.
- Circular Economy: Adoption of sugarcane bottles as part of a circular economy, promoting recycling and reduced environmental impact.
- Biodegradability: Sugarcane-based materials offer biodegradability, aligning with the growing need for greener packaging.
- Single-Use Plastic Alternatives: Sugarcane bottles as alternatives to single-use plastic bottles in various industries, particularly beverages.
- Government Regulations: Stringent regulations and incentives favoring sustainable packaging solutions, driving the adoption of sugarcane bottles.
Key Players:
- Bottle Up
- Worthy
- BE O Lifestyle
- LYSPACKAGING
- Berry Global Inc.
- SHENZHEN UNIQUE PACK CO., LTD.
- Reyoung Corp.
- The Natural Bottle
- Suzhou Fomalhaut Eco-Pack Material Tech Co., Ltd.
- Bottle Promotions
- Fortis X
- Eurobottle
- Retulp
- Velong Enterprises
- Hangzhou Tianye Packaging Technology Co., Ltd.
Competitive Landscape
The key players operating in the sugarcane bottles market are focusing to increase their sales by expanding their product portfolio, capabilities, and presence to meet the growing demand. The key players are adopting a partnership strategy to launch their products.
Some of the recent key developments by the leading players are as follows –
- In March 2022, Bottle Up reusable bottles will be made available in nearly thirty-five international airports in Europe by outlets of WHSmith. This will result in expansion on top of the existing Bottle Up listings in 400 United Kingdom transport websites. Bottle Up will be the first brand offering reusable water bottles to travelers in European countries.
- In September 2020, Berry Global Group partnered with Bhoomi to launch a 100% sugarcane-based bottle which helped the company focus on creating a positive environmental impact.
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Sugarcane Bottles Market By Category
By Capacity, Sugarcane Bottles Market is Segmented as:
- Less than 100 ml
- 101 ml to 250 ml
- 251 ml to 500 ml
- More than 500 ml
By End Use, Sugarcane Bottles Market is Segmented as:
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceutical
- Consumer Durables
By Distribution Channel, Sugarcane Bottles Market is Segmented as:
- Online
- Offline
By Region, Sugarcane Bottles Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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