Paper Bottles Market to Register 6% CAGR Steered by Rising Focus on Environmentally Friendly Packaging Solutions: Fact.MR

- 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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Key Takeaways from Paper Bottles Market Survey

• The U.S. is expected to emerge as a lucrative market owing to the presence of robust consumer base and production facilities.
• China accounted for over 51% of the East Asia market for paper bottles in 2020 and is forecast to project a healthy CAGR over the assessment period.
• The U.K. market for paper bottles is estimated to reach a market valuation of US$ 1.7 Mn by the end of 2031.
• Based on end use, commercial packaging is dominating and is expected to surpass a market valuation of US$ 21.7 Mn by the end of 2021.
• Based on type, with 117 BPS, blowing agents under packaging paper bottle are expected to surpass a market valuation of US$ 38 Mn by 2031.

Key Drivers

• Increasing demand for sustainable packaging is driving sales of paper bottles across the globe.
• Rising demand for paper bottles across various sectors such as cosmetics, e-commerce, healthcare is creating vast opportunities of growth for paper bottles market.

Key Restraints

• Difficulty faced in sourcing of raw materials is a key factor impeding growth of the market.
• Shorter shelf life of paper bottles are hampering the market sales.

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Competitive Landscape

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
• Choose Packaging
• Frugalpac
• ELOPAK Group
• ABSOLUT
• DIAGEO
• Stora Enso
• TIKKUM OALM MAKERS
• SIG Combibloc Group Ltd.
• 3EPack Group
• BioPak
• Tetra Pak
• Ecological Brands Inc.
• Billerudkorsnas
• Paboco

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:

•  Type
• Paper Water Bottles
• Paper Packaging Bottles
•  Compostability
• Fully Compostable Paper Bottles
• Partially Compostable Paper Bottles
•  Volume
• Less than 1 Litre Paper Bottles
• 1-2 Litre Paper Bottles
• More than 2 Litre Paper Bottles
• End Use
• Paper Bottles for Household
• Paper Bottles for Commercial Packaging
• Wine and spirits
• Food and supplements
• Personal care products
• Home care products
• Pet Care Products
• Others
•  Sales Channel
• Offline Sales of Paper Bottles
• Direct Procurement
• Retail Sales
• Supermarkets & Hypermarkets
• Specialty Stores
• Online Sales of Paper Bottles
• Company Websites
• Third-party Online

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

Explore Fact. MR's Coverage on the Consumer Goods Domain

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Paper Carrier Bags Market - Paper carrier bag manufacturers create bags in a variety of dimensions, sizes, and colors. Printability is another advantage of paper carrier bags for branding and promotion. Due to the global drive for the adoption of sustainable solutions, the paper carrier bag market is likely to increase over the research period. During the projected period, the worldwide paper carrier bags market is expected to rise at a healthy pace.

Cigarette Paper Market - Given the fact that rates in Western Europe, the Middle East and Africa, and Latin America are relatively lower, these countries have seen massive increases in consumption in recent years. The majority of smokers are men; however, the growing number of female smokers, rising living standards, and the acceptance of smoking as a fashion trend have broadened the market for cigarette paper manufacturers. The demand for roll your own cigarette paper will skyrocket in the coming years as cannabis consumption rises.

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SOURCE Fact.MR