- 170 Pages of Market Research Analysis by Fact.MR, a Market Research and Competitive Intelligence Provider Offers Insights into Paper Bottles Market Growth and Highlights Factors Driving Market Demand over the forecast period 2021-2031
- The paper bottles market study by Fact.MR offers compelling insights into key growth drivers and restraints impacting the market through 2031. The survey offers paper bottles demand outlook and studies opportunities existing in key segments, including type and compostability. It also highlights key strategies adopted by market players to increase paper bottles sales.
NEW YORK, July 15, 2021 /PRNewswire/ -- As per insights by Fact.MR, revenue generated in the global paper bottles market is poised to expand by 1.8X from 2021 to 2031, totaling US$ 48 Mn by 2031 in comparison to the valuation of US$ 25 Mn registered in the year 2020.
With rise in demand for paper bottles in personal care and home care products, the market is likely to exhibit growth at a CAGR of 6% over the forecast period 2021-2031.
Paradigm shift in consumer behavior towards the adoption of sustainable packaging solutions is driving manufacturers to focus on green packaging, thereby driving the market growth. Consequently, paper bottles are gaining significant traction across different sectors including, healthcare, beauty, Fast Moving Consumer Goods (FMCG), foods and supplements among many others.
In addition, factors including, versatility of paper bottles due to their availability in different shapes, sizes, colors, and their recyclability will stimulate the sales over the forecast period.
According to a study by Fact.MR, commercial packaging under end-use segment is anticipated to dominate the paper bottles market, expanding at a CAGR of approximately 6%, surpassing US$ 21.7 Mn in 2021.
The market for paper bottles in the U.S. is expected to exhibit monumental growth owing to the ease in availability of raw materials, presence of robust production facilities and the presence of maximum market players. Despite impeded growth amid COVID-19 outbreak, the U.S. market registered 2.1% year-on-year growth in 2020.
"With rise in demand for sustainable solutions, the product packaging in alcohol industry will extensively witness a paradigm shift from metal/glass packaging to paper bottle packaging, thereby driving growth of paper bottles market," says the Fact.MR analyst
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Paper bottles manufacturers are undertaking strategies such as new product offerings and innovations to enhance product portfolio. In addition, they are also entering into strategic collaborations and acquisitions to strengthen their footprint in the market.
For instance, in 2020, Pepsico joined the consortium of leading consumer goods companies, which also included Unilever to further enhance and scale the first-of-its-kind recyclable paper bottles, primarily manufactured by Pilot Lite and Diageo. This consortium aims at delivering sustainable packaging across distinct sectors and industries, thereby taking a step forward towards curtailing plastic consumption across the globe.
Iin 2020, Coca-Cola announced its partnership with Danish startup Paboco to develop a 100% paper bottle. This partnership coordinates with Coca-Cola's aim to minimize use of virgin packaging materials and use only 100% recyclable packaging materials.
Some of the leading players operating in the paper bottles market profiled by Fact.MR are:
Paper Water Bottle
TIKKUM OALM MAKERS
SIG Combibloc Group Ltd.
Ecological Brands Inc.
More Valuable Insights on Paper Bottles Market
Fact.MR, in its new report, offers an unbiased analysis of the global paper bottles market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in paper bottles market with detailed segmentation:
Paper Water Bottles
Paper Packaging Bottles
Fully Compostable Paper Bottles
Partially Compostable Paper Bottles
Less than 1 Litre Paper Bottles
1-2 Litre Paper Bottles
More than 2 Litre Paper Bottles
Paper Bottles for Household
Paper Bottles for Commercial Packaging
Wine and spirits
Food and supplements
Personal care products
Home care products
Pet Care Products
Offline Sales of Paper Bottles
Supermarkets & Hypermarkets
Online Sales of Paper Bottles
Key Questions Covered in the Paper Bottles Market Report
The market survey also highlights projected sales growth for paper bottles market between 2021 and 2031
The report offers insight into paper bottles demand outlook for forecast period 2021-2031
Paper bottles market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
Paper bottles market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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