The global biodegradable water bottles market is expected to grow at a CAGR of 5.5% during the forecast period. The prominent factor that drives the market growth include the stringent regulations regarding the use of plastic bottles, which leads to a pollution crisis especially for the marine life organisms. Several regulatory bodies are continuously focusing on minimizing the use of plastic waste, by producing biodegradable water bottles. As per the United Nations Environment Programme (UNEP), the plastic pollution leakage into aquatic ecosystems has grown sharply and is projected to get double by 2030. Moreover, as per the same source, the plastic accounts for 85% of marine litter and warns that by 2040, volumes of plastic pollution flowing into marine areas will nearly triple, adding 23-37 million metric tons of plastic waste into the ocean per year. Additionally, the government initiatives and funding has declined the use of plastic bottles to some extent. For instance, the US Environmental Protection Agency (EPA) has funded 542 million to reduce pollution and plastic waste in the shared oceans. The funding includes 132 million for the National Estuary Program Infrastructure improvements to reduce pollutant loading into the ocean.
The players such as Unilever, Lawa, Nestle, and DrinkWell are continuously adopting strategies such as partnership, collaboration, and expansion to stay competitive in the global market. For instance, in January 2022, DrinkWell launched its first fully biodegradable on-the-go water bottle. The eco bottle is designed by using polylactic acid (PLA), a plant-based plastic derived from corn starch. The biodegradable packaging required 50% fewer fossil fuels for production, compared with PET plastic bottles, and produced 60% fewer carbon emissions. In addition, the bottle degrades within three to six months in the home or commercial composting and incinerated without releasing toxins.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Capacity
- By Material
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Biopac, Coca-Cola Co., and Choose Water Ltd., among others.
Biodegradable Water Bottles Market Report by Segment
By Capacity
- 15 ml- 100 ml
- 101 ml- 50 ml
- 501 ml- 1000 ml
By Material
- Organic Material
- Biodegradable Plastic
By Distribution Channel
- Supermarkets
- Online Stores
A full Report of Biodegradable Water Bottles Market is Available @ https://www.omrglobal.com/industry-reports/biodegradable-water-bottles-market
Biodegradable Water Bottles Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 24Bottles Società Benefit S.r.l. P.IVA
- Biopac
- Chlorophyll Water
- Choose Water Ltd.
- Coca-Cola Co.
- Cove
- Ecologic
- Kagzi Water Bottle
- Mitsubishi Chemical Advanced Materials AG
- Montana Private Reserve
- Ocean Bottle
- Paper Water Bottle
- eu
- RePack Group Ltd.
- Shanghai COPAK Industry Co., Ltd.
- TSL Plastics Ltd.
- UrthPact
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