Posted By TMR Research Insights
Posted on August 12, 2021
Biodegradable Water Bottles Market: Introduction
Transparency Market Research delivers key insights for the biodegradable water bottles market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2030. In terms of growth, the global biodegradable water bottles market is estimated to expand 1.5 times the current market value by the end of 2030, owing to the increasing scope of biodegradable water bottles in end-use applications such as residential, commercial, institutional, and for specialty purpose. Regarding this, TMR offers detailed insights and forecasts in the biodegradable water bottles market report.
The need of research for an alternative solution for plastic water bottles has risen, as plastic water bottles play a vital role in the environmental pollution. The biodegradable water bottle launch is a major technological invention toward controlling the waste of plastics. Biodegradable water bottles are usually made of plants such as bamboo, algae, sugarcane, pulp, paper, and various biodegradable plastic such as polylactic acid (PLA), starch based plastics, poly-butylene succinate (PBS), Polyhydroxyalkanoates (PHA), and Polyhydroxybutyrate (PHB), which are easily decomposed in the soil within 100 days. The production of these materials does not use fossil fuels, which are hazardous to soil or water. The plaguing oceans has also become a major issue in current times and increasing at a very fast rate. Following this, many companies are preferring and promoting environmental sustainable products. Due to these reasons, growth in demand for biodegradable water bottles is expected to grow strongly during the forecast period.
Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=73441
Rise in Awareness about Environment Protection among Youth to Drive Global Market
People today are becoming more careful about packaging materials of products. Water bottles are among the major products used while travelling and the basic human need. In order to avoid future consequences, most people have started to be concerned about the material of water bottles available in the market. Massive amount of plastic waste is generated everyday which has harmful and long-term impacts on the environment. In order to avoid this, biodegradable water bottles are witnessing demand.
Increase in Demand for Bottled Water to Offer Lucrative Opportunities
During the COVID-19 outbreak, bottled water is one of the solutions started to gain importance due to increased preference for hygienic and safe drinking measures. This has become a major factor in fueling the demand of biodegradable water bottles.
Biodegradable Water Bottles Market: Competition Landscape
The global biodegradable water bottles market is highly fragmented in nature wherein the larger portion of market share is held by domestic market players. Some of the key players operating in the global biodegradable water bottles market are Paper Water Bottle, Choose Water, Lyspackaging, Raepack Ltd., Ecologic Brands Inc., Montana Private Reserve, Cove, Just Water, Mitsubishi Chemicals (MCPP), and TSL Plastics Ltd.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure, Paper Water Bottle, Choose Water, and Lyspackaging are the tier 1 players in the biodegradable water bottles market. These players are focusing on widening their product portfolio for multiple applications to gain a competitive edge in the market. Tier 2 players include TSL Plastics Ltd., Montana Private Reserve, Cove, and Just Water.
Buy our Premium Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=73441<ype=S
Brands to Focus on Launching New Products
Many companies operating in the current biodegradable water bottles market are anticipated to focus on product development to improve their market position. A number of brands is currently focusing on introducing new biodegradable water bottles. For instance, in 2018, Cove announced the launch of water bottles that were completely developed using biodegradable materials. In October 2020, Bacardi announced the launch of the world’s first sustainable spirit bottle that is primarily developed using plant-based material. In February 2020, one of the leading companies across the food & beverages industry, Agthia Group, announced that the company is set to distribute newly developed plant-based water bottles in the Middle East.
Online Sales Rise amid Ongoing COVID-19 Pandemic
The onset of the COVID-19 pandemic is expected to have a moderate impact on the growth of the global biodegradable water bottles market. While offline sales are projected to take a dip due to stringent lockdown restrictions and barriers in cross-border trade and transportation, online sales are expected to increase. Sales via eCommerce platforms are likely to grow due to which, market players are expected to list their products on online stores. In addition, market players are also estimated to address supply chain challenges during the ongoing COVID-19 crisis.
More Trending Reports by Transparency Market Research –
Alcohol Packaging Market – https://www.prnewswire.co.uk/news-releases/alcohol-packaging-market-to-clock-5-5-during-2017-2025-beer-packaging-materials-attract-massive-opportunity-for-industry-players-tmr-810943530.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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Transparency Market Research
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Press Release Source: https://www.transparencymarketresearch.com/pressrelease/biodegradable-water-bottles-market.htm
Biodegradable Water Bottles Market: Introduction
Transparency Market Research delivers key insights for the biodegradable water bottles market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2030. In terms of growth, the global biodegradable water bottles market is estimated to expand 1.5 times the current market value by the end of 2030, owing to the increasing scope of biodegradable water bottles in end-use applications such as residential, commercial, institutional, and for specialty purpose. Regarding this, TMR offers detailed insights and forecasts in the biodegradable water bottles market report.
The need of research for an alternative solution for plastic water bottles has risen, as plastic water bottles play a vital role in the environmental pollution. The biodegradable water bottle launch is a major technological invention toward controlling the waste of plastics. Biodegradable water bottles are usually made of plants such as bamboo, algae, sugarcane, pulp, paper, and various biodegradable plastic such as polylactic acid (PLA), starch based plastics, poly-butylene succinate (PBS), Polyhydroxyalkanoates (PHA), and Polyhydroxybutyrate (PHB), which are easily decomposed in the soil within 100 days. The production of these materials does not use fossil fuels, which are hazardous to soil or water. The plaguing oceans has also become a major issue in current times and increasing at a very fast rate. Following this, many companies are preferring and promoting environmental sustainable products. Due to these reasons, growth in demand for biodegradable water bottles is expected to grow strongly during the forecast period.
Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=73441
Rise in Awareness about Environment Protection among Youth to Drive Global Market
People today are becoming more careful about packaging materials of products. Water bottles are among the major products used while travelling and the basic human need. In order to avoid future consequences, most people have started to be concerned about the material of water bottles available in the market. Massive amount of plastic waste is generated everyday which has harmful and long-term impacts on the environment. In order to avoid this, biodegradable water bottles are witnessing demand.
Increase in Demand for Bottled Water to Offer Lucrative Opportunities
During the COVID-19 outbreak, bottled water is one of the solutions started to gain importance due to increased preference for hygienic and safe drinking measures. This has become a major factor in fueling the demand of biodegradable water bottles.
Biodegradable Water Bottles Market: Competition Landscape
The global biodegradable water bottles market is highly fragmented in nature wherein the larger portion of market share is held by domestic market players. Some of the key players operating in the global biodegradable water bottles market are Paper Water Bottle, Choose Water, Lyspackaging, Raepack Ltd., Ecologic Brands Inc., Montana Private Reserve, Cove, Just Water, Mitsubishi Chemicals (MCPP), and TSL Plastics Ltd.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure, Paper Water Bottle, Choose Water, and Lyspackaging are the tier 1 players in the biodegradable water bottles market. These players are focusing on widening their product portfolio for multiple applications to gain a competitive edge in the market. Tier 2 players include TSL Plastics Ltd., Montana Private Reserve, Cove, and Just Water.
Buy our Premium Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=73441<ype=S
Brands to Focus on Launching New Products
Many companies operating in the current biodegradable water bottles market are anticipated to focus on product development to improve their market position. A number of brands is currently focusing on introducing new biodegradable water bottles. For instance, in 2018, Cove announced the launch of water bottles that were completely developed using biodegradable materials. In October 2020, Bacardi announced the launch of the world’s first sustainable spirit bottle that is primarily developed using plant-based material. In February 2020, one of the leading companies across the food & beverages industry, Agthia Group, announced that the company is set to distribute newly developed plant-based water bottles in the Middle East.
Online Sales Rise amid Ongoing COVID-19 Pandemic
The onset of the COVID-19 pandemic is expected to have a moderate impact on the growth of the global biodegradable water bottles market. While offline sales are projected to take a dip due to stringent lockdown restrictions and barriers in cross-border trade and transportation, online sales are expected to increase. Sales via eCommerce platforms are likely to grow due to which, market players are expected to list their products on online stores. In addition, market players are also estimated to address supply chain challenges during the ongoing COVID-19 crisis.
More Trending Reports by Transparency Market Research –
Alcohol Packaging Market – https://www.prnewswire.co.uk/news-releases/alcohol-packaging-market-to-clock-5-5-during-2017-2025-beer-packaging-materials-attract-massive-opportunity-for-industry-players-tmr-810943530.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/biodegradable-water-bottles-market.htm
