The global paper bottles market stands at US$ 29.21 million in 2023. The market is predicted to expand at a CAGR of 6.2% and reach a valuation of US$ 53.31 million by the end of 2033.
Rapidly increasing sales of paper bottles are attributed to their degradability and eco-friendly nature and the rising demand to replace plastic bottles. The bolstering demand for beverages along with the growing requirement for their optimum storage is estimated to boost sales of paper bottles.
- Demand for paper packaging bottles is predicted to increase at a CAGR of 5.5% and reach a market value of US$ 34.1 million by the end of 2033.
- The United States market is forecasted to expand at a CAGR of 5.3% and reach US$ 15.62 million by the end of the assessment period.
- Sales of paper bottles in South Korea are projected to rise at a CAGR of 4.8% and account for a revenue of US$ 1.81 million by 2033-end.
Demand for Sustainable Products Triggering Sales of Paper Bottles
Sustainability has been a prominent bedrock for the increasing demand for paper bottles. Numerous government bodies are framing holistic and sustainable models in their respective countries, which is expected to fuel demand for paper bottles while being used as a replacement for plastic bottles.
Developed regions, including North America, Europe, etc., are contributing to the significant increase in the demand for paper bottles. These regions are experiencing a remarkable rise in the adoption of sustainable products and therefore reflect a similar trend in the adoption of paper bottles. Government regulations for the reduced use of plastic are anticipated to broaden opportunities for paper bottle suppliers.
Collaborations between End-use Industries and Manufacturers
Some paper bottle companies, spirit manufacturers, and FMCG (fast-moving consumer goods) are entering into partnerships and collaborations. Various market giants, including Coca-Cola, PepsiCo, Carlsberg, L’Oreal, and various others are entering into collaborations with popular manufacturers of paper bottles. These collaborations are predicted to result in higher production and supply of numerous paper bottles.
High Adoption of Sustainable Products Benefiting Manufacturers of Paper Bottles
The Japanese market is predicted to register a CAGR of 5.1% and reach a valuation of US$ 2.50 million by the end of 2033. A lot of suppliers from different end-use industries are making a fast move away from plastic and shifting toward plastic packaging solutions, which is expected to open up lucrative opportunities for prominent players in the target market.
Segmentation of Paper Bottles Industry Research
By Type :
Paper Water Bottles
Paper Packaging Bottles
By Compostability :
Fully Compostable
Partially Compostable
By Volume :
Less than 1 Liter
1 to 2 Liters
More than 2 Liters
Source:
