The global paper bottles market is estimated to reach a value of US$ 64.2 Mn by 2022 and further accelerate at a CAGR of 5.4% to reach a value of US$ 108.2 Mn by 2032.
The paper bottle is a subversive technology advancement in the field of packaging, which helps in controlling plastic pollution shortly. Paper bottles from natural sources like wheat straw, sugarcane, bamboo, and husks have resulted in the outcome into the formation of a biodegradable mixture. Moreover, it is a sustainable product catering an appropriate solution and paradigm shift to meet both consumer demand as well as sustainable packaging requirements for manufacturing companies.
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.
key drivers of the paper bottles market is the increasing demand for eco-friendly and sustainable packaging solutions. Consumers are becoming more aware of the impact of plastic waste on the environment and are looking for alternatives that have a lower impact. Paper bottles are a great alternative to traditional plastic bottles as they are made from renewable and sustainable materials and are fully recyclable.
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 Paper Bottles are evolving as a Future of Green Packaging?
Paper bottles serve numerous advantages and benefits in the terms of sustainability and environment conservation in terms of biodegradable, recyclable, decomposable, and many more which adds to the environment conservation thereby leading to the greener initiative towards the greener earth.
Green Packaging is fast gaining importance among different companies and sectors, like retail (e-commerce), beauty or cosmetic sector, healthcare sector, and FMCG (Fast Moving Consumer Goods) sector. While Green Packaging is a lot about protecting the environment it also considers the economic and social factors. Paper bottles serve the largest section in the concept of green packaging
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What are the Key Challenges that may hinder the growth of the Paper Bottle Market?
Paper bottles are the best alternative for plastic bottles which thereby has a positive impact on sustainability and towards the greener part of living. The recyclable properties of the paper as a packaging material are limited up to a maximum of seven times, as the fibers become too weakened and too shortened to make another product. This is mainly caused by the wear and tear which takes place during the recycling processes which in turn lowers the yield of the recycling. This recycling process can be extended and improved by improving the processes and using recycling-friendly printing inks and adhesives which may extend the life of the paper.
Competitive Landscape:
Key Players are
- LYSPACKAGING
- Biopac India Corporation Ltd.
- Paper Bottle Company
- BillerudKorsnas AB
- Ecologic Brands, Inc.
- Vegan Bottle
- Choose Packaging
- ubuntoo
- Frugalpac
- Just Water
- Paper Water Bottle
and some other players from across the globe.
What strategies are the Key Players adopting for Increasing their Market Share in the Paper Bottle Market?
The manufacturers involved in the production of the paper bottle are engulfed in making the best quality and different varieties of the bottles that will highlight the sustainability factor along with the customer satisfaction. Furthermore, the paper bottle market is expressively sighted new product launches in the market in order to enter and cater new markets.
- On 4th September 2020, The Absolut Company (TAC) conveyed that they will be rolling out 2,000 paper bottle prototypes as a unit of the Paper Bottle Company initiative. The prototype is made from 57% paper and 43% plastic, which is recyclable and itself made of 100% recycled material.
- From 5th August 2020, Johnnie Walker Scotch Whisky is available in a form of a paper-based bottle. The bottle is “100% plastic-free” and produced “completely from sustainably sourced wood,” according to Diageo, the multinational beverage alcohol company which owns the brand, Johnnie Walker.
- On 14th July 2020, PepsiCo joined the conference of global consumer goods companies, which also included Unilever, to further develop and scale the world’s first recyclable paper bottle, originally produced by Diageo and Pilot Lite.
- On 11thJune 2020, Coca-Cola disclosed a paper bottle prototype, partnership with, Danish startup Paboco to produce a 100% paper bottle.
- Prototype is made up of a paper shell with a 100% recycled plastic closure and liner inside. Coca-Cola Company’s Brussels-based R&D center assessed how the paper bottle performed, holding capacity and protection towards its contents while refrigerated and in other temperature conditions.
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Key Segments of Paper Bottle Market covered in the Report
Based on the Material Type:
- Kraft Paper
- Recycled Paper
Based on the Capacity:
- 5ml-100ml (small)
- 100ml-500ml (medium)
- 500ml-1000ml (large)
- Others
Based on the End Use:
- Alcoholic Beverages
- Non-alcoholic Beverages
- Other End use
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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