The market is expected to generate an incremental $ opportunity of US$ 16.5 Mn between 2022 and 2030
Category: Packaging Published Date : July 2022 ID: CVC-00152-PKG Format: PDF Pages: 288
Paper Bottles Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Paper Bottles Market was worth US$ 26.8 Mn and is expected to grow at a CAGR of 6.2% over the forecast period. The market is expected to hit US$ 43.3 Mn by 2030 end.
Paper bottles are an innovative and popular product for various industries, including beverages, personal care, cosmetics, etc. They not only aid in the appropriate packing of the product but also have an appealing appearance due to the eye-catching prints on bottles. The matte surface of the paper bottle produces dark and bold printing, resulting in increased visibility for the companies.
Most top beverage brands now prefer paper bottles to improve brand value and qualify the sustainability aspect. The paper bottles are plant-based fiber material, making them extremely durable and recyclable, minimizing their carbon footprint.
What are the causes driving the rise in demand for Paper Bottles?
Consumer awareness of sustainable packaging formats has grown over time, and items such as sustainable and biodegradable bottles are expected to increase demand and sales during the projection period.
Factors such as versatility, sustainability, and an improvement in quality of life will function as market drivers, resulting in market growth throughout the projection period.
What are the opportunities in the Paper Bottles Market?
Regarding sustainability and environmental damage, paper bottles can be a viable alternative to plastic bottles. Conversion from plastic to a sophisticated substitute in packaging products such as soap dispensers, shampoo bottles, medicine, air freshener sprays, home cleaners, and so on is anticipated. Thus opportunities for paper bottles are expected to rise throughout the forecast period.
What are the major environmental benefits when choosing Paper Bottles?
As opposed to plastic bottles, using paper bottles has a significant influence on the environment and the sustainability element in terms of less landfilling and water pollution, which affects water life. Furthermore, the emissions produced in paper bottles are insignificant compared to the production of plastic bottles.
Paper bottles are biodegradable because they are made of a biodegradable material that leaves no solid behind on the soil. In contrast, plastic bottles cause massive air pollution and water contamination. Paper bottles are an ideal blend of two primary components, plant pulp and plant-based fibers, which allow the product to achieve high levels of sustainability and address the issue.
Paper bottles make up the majority of the green packaging concept. Increasing concerns about environmental conservation and sustainability are causing a shift in consumer purchasing behavior, with consumers willing to pay more for environmentally friendly products. It reinforces the need for companies to increase their commitments to product manufacturing, thereby boosting market growth for the paper bottle market.
What are the major challenges confronting the Paper Bottles Market?
Paper’s recyclable properties as a packaging material are restricted to seven times because the fibers get too weakened and shorter to manufacture another product.
It is primarily due to the wear and tear that occurs during the recycling operations, which reduces the recycling output. This recycling process can be extended and improved by upgrading methods and employing environmentally friendly printing inks and adhesives, which may increase the life of the paper.
Even though paper bottles are widely used, plastic bottles are still widely made and used. It is due to a diverse product lineup being offered at reasonable prices.
The COVID-19 pandemic has had a minor to moderate impact on logistics and the supply chain, making it difficult to get raw materials, particularly recycled paper and pulp. It has resulted in a decline in paper bottle output in key regions.
Strict rules and restrictions imposed by official regulatory authorities forced manufacturing industries to close or work with limited resources and capacity, resulting in a drop in production activities, impacting paper bottle production.
Why are Medium Capacity Paper Bottles expected to grow at the fastest CAGR?
Due to the ease and convenience of handling paper bottles and their effective storage, the 100 ml to 500 ml (medium) capacity category is expected to hold around 35.0% of the market share over the projection period.
The target segment is expected to offer a total incremental opportunity of US$ 23.3 million over the next ten years.
Why is the Commercial packaging segment likely to grow rapidly throughout the forecast period?
Commercial packaging is the most common end use of paper bottles. Among others, beverage, personal care, pet care, and home care product manufacturers promote worldwide commercial potential. Personal care paper bottle sales are likely to skyrocket.
Commercial packaging paper bottles accounted for 81.0% of revenue in 2021 and are predicted to grow at a CAGR of more than 6% over the forecast period. Commercial packaging is estimated to be worth more than $22.0 million at the end of 2021.
Why is the Europe region cementing its global dominance in the Paper Bottles Market?
Because of the rising usage of paper bottles in the beverage and personal care & cosmetics segments, Europe is likely to grasp significant prospects in the paper bottle market. It is expected to grow at a CAGR of 5.5% during the projection period.
Why is the North American region cementing its global dominance in the Paper Bottles Market?
Given the increase in the beverage sector and ongoing research and development activities leading to advancements in paper bottles, North America is expected to represent 34.5% of the global market share by the end of the forecast period.
The booming economy and rising investment in the paper pulp industry, combined with major customers’ high discretionary incomes, are continually displaying importance.
Why is the United States such a large market for Paper Bottles?
Because of the abundance of natural and organic resources and technological advancements in sustainability awareness, the United States holds the largest segment in the paper bottle manufacturing market.
Concerning raw material availability, the United States is the best-suited production location. Top market firms have limited their production units in the United States to promote global consumption.
Which country has promising opportunities in the Asia-Pacific Insole market?
In 2021, China accounted for more than 52% of the Asian Pacific paper bottle market. China has considerable paper consumption potential, which drives paper bottle demand. The country’s CAGR value will increase during the evaluation period due to its significant share of biodegradable products. The country’s need for paper-based bottles for various end uses is constantly high.
The global paper bottle market is highly competitive, owing to new startups and the entry of local players. Companies are also investing substantially in R&D in partnership with paper bottle makers to generate more efficient materials that are perfect for their products. As a result, collaborations and partnerships in manufacturing paper bottles for eco-friendly packaging are expected to boost market growth throughout the forecast period.
Most big beverage makers, including Coca-Cola, Absolut, and others, are collaborating with paper bottle producers to offer creative packaging options that are sustainable, customizable, and versatile. Customizations and innovations are becoming more popular than standard packaging and thus are expected to boost the market for paper bottles.
The producers producing the paper bottle are preoccupied with making the highest quality and variety of bottles that will highlight the sustainability component and client happiness.
Some of the key developments that have taken place in the Paper Bottles Market include:
A list of some of the key suppliers present in the market are:
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Global Paper Bottles Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Million Units for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material, Capacity, End-Use, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|