- Shampoo Bottles
- Soap Dispenser
- Air Freshener
- Water Bottle
Paper Bottles Market size was valued at USD 59,245.1 million in 2022 and is poised to grow at a significant CAGR of 5.9% from 2023-2029. The paper bottle is a disruptive technological innovation in the field of packaging that will aid in the management of plastic pollution in the future.Paper bottles made from natural sources such as wheat straw, sugarcane, bamboo, and husks resulted in the production of a biodegradable composite. The shampoo bottles segment anticipated to grow at significant CAGR over the forecast years owing to increased hair and skincare company Seed Phytonutrients is rejecting plastic in favor of completely recyclable paper-based bottles. This is a novel approach to decreasing plastic waste and safeguarding the environment from its harmful consequences. Conversion from plastic to a smart alternative in the packaging of items like as shampoo bottles, medication, air freshener sprays, and household cleaners is predicted to result in increased demand for paper bottles, driving revenue growth in the worldwide paper bottle market. Increase in demand in paper bottle packaging, owing to the improved protection to the product and availability of a variety of packaging formats. Other factors such as versatility and improved recyclability as compared to flexible packaging are also boosting the demand for paper bottle packaging from manufacturers.
Paper Bottles Market Key Developments:
In 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.
Fastest Growing Market
According to the UN Environment study, 1 million plastic drinking bottles are purchased every minute, with most of them ending up in landfills and the seas. Only 9% of all plastic trash is recycled, while the other 79% is dumped in water bodies or open garbage dumps. Paper bottles, which are biodegradable and do not affect the environment, are a green alternative to plastic bottles. This is expected to be a significant growth factor for the industry. Furthermore, government measures to reduce the use of single-use plastics, such as the establishment of a plastic waste management system, are likely to promote the widespread use of plastic bottles. Paper cups, straws, and bags have acquired widespread acceptability in recent years, and paper bottles are likely to follow suit.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.