Biodegradable Water Bottles Market to Signify Strong Growth by 2024-2031

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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