Global Biodegradable Algae Water Bottles Market – Industry Trends and Forecast to 2030

Biodegradable Algae Water Bottles Market Analysis and Size

According to the estimations, more than eight million tons of plastic litter is dumped into the ocean every year, damaging aquatic life. One of the poorest factor of single-use plastic is plastic water bottles that are unwanted as soon as the drink is finished. These water bottles take between 400-1000 years to decompose. Introduction of biodegradable algae water bottles is an important step towards decrease the pollution caused by plastic. Moreover, increasing environmental concerns, growing focus on diminishing the consumption of single-use plastic, and increasing government support are key factors expected to enhance market revenue growth during the forecast period.

Data Bridge Market Research analyses that the biodegradable algae water bottles market is expected to reach USD 97.43 million by 2030, which is USD 46.8 million in 2022, registering a CAGR of 9.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Biodegradable Algae Water Bottles Market Scope and Segmentation

Market Definition

Biodegradable algae water bottle delivers a green substitute to plastic and decomposes when empty. Biodegradable algae water bottle refer to the type of bottles which are commonly produced with the help of organic materials such as husks, recycled paper, pulp and bamboo, among others. These do not left micro-particles in soil or leach heavy metals and are generally produced with sustainable materials.

Biodegradable Algae Water Bottles Market Dynamics

Drivers

• Surging inclination of companies towards sustainable and eco-friendly packaging source

The inclination of numerous companies towards adopting eco-friendly and sustainable packaging is growing progressively. Sustainable packaging aids to minimize negative environmental consequences and surge the shelf life of product, which are mainly visible when non-biodegradable plastics are used for packaging. Remove, Renew, Reduce, Recycle and Re-use is the five R's of sustainable packaging. Biodegradable algae water bottles are also sustainable packaging because it has also lower environmental impact. Thus, the surging inclination of companies towards sustainable and eco-friendly packaging source is anticipated to drive the market growth rate.

• Rising popularity of customized biodegradable algae water bottles

The biodegradable algae water bottles market drivers can be expanded on in terms of a complete product portfolio. To differentiate increase the consumer appeal of any product and product offerings, manufacturers deliver an extensive range of biodegradable algae water bottles that comprise different prints, colours, capacities and materials. Brand owners are customizing bottles with taglines and brand logos to usage them as an eye-catchy branding tool for the packaging sector. Thus, the rising popularity of customized biodegradable algae water bottles is expected to drive the market growth rate.

Opportunities

• Increasing side effects with the usage of too many plastic-based materials in different packaging industries

According to the recent publications, the largest consumer of the plastic material was packaging industry, which formed about 59% of India's consumption volume in 2018. The number of plastic consumption is anticipated to become worse in upcoming years. As a result of this, plastics replace with other substrates which have been gaining traction in past few years. Moreover, plastic also simply accommodates consumer demand for convenience, which is the major aspect of the economic thriving in China and other emerging regions. Though, the extensive usage of single-use packaging bottles has resulted in a large burden on the environment. The management of the packaging waste is facing a problem owing to numerous unresolved challenges. Thus growing environmental concerns from numerous regions has shown a severe effect on the extreme usage of plastic and forced many packaging manufacturers to bring another technology or raw material which can increase value to the environment without producing any harm to it. Therefore, this generated immense opportunities for the biodegradable algae to be used in the production of water bottles as raw material. The biodegradable algae water bottles are environmentally friendly compared to other bottles available in the market.

Restraints/ Challenges

• Issues associated with biodegradable algae water bottles

High cost of biodegradable algae water bottles as compared to other bottles is anticipated to obstruct the growth of the market. Moreover, temperature-specific biodegradable plastics destroy only at 50°C which is not potential inside the ocean; this might obstruct the growth of biodegradable algae water bottles and challenge market growth in the forecast period of 2023-2030.

This biodegradable algae water bottles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biodegradable algae water bottles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Biodegradable Algae Water Bottles Market Scope

The biodegradable algae water bottles market is segmented on the basis of capacity, material and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Capacity

• 15 ml-100 ml (Small)
• 100ml-500ml (Medium)
• 500ml-1000 ml (Large)
• Others

Material

• Organic material

• Paper
• Sugarcane pulp
• Bamboo
• Algae (Agar powder)
• Biodegradable plastic
• Plant-based Polyethylene Terephthalate (PET)
• Polyhydroxyalkanoates (PHA)
• Poly-Lactic Acid (PLA)
• Cellulose-Based Plastics
• Poly-Butylene Succinate

 End Use

• Residential Use
• Institutional Use
• Specialty Purpose

Biodegradable Algae Water Bottles Market Regional Analysis/Insights

The biodegradable algae water bottles market is analyzed and market size insights and trends are provided by country, capacity, material and end use as referenced above.

The countries covered in the biodegradable algae water bottles market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the biodegradable algae water bottles market in terms of market share and revenue owing to the increasing awareness regarding environment protection among people within the region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the usage of biodegradable water bottles to lessen plastic waste in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Biodegradable Algae Water Bottles Market Share Analysis

The biodegradable algae water bottles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biodegradable algae water bottles market.

Some of the major players operating in the biodegradable algae water bottles market are:

• Paper Water Bottle (U.S.)
• Choose Water (U.S.)
• VEGANBOTTLE (France)
• Lyspackaging (France)
• TotalEnergies Corbion (Netherlands)
• Perstorp Group (Sweden)
• K.D. FEDDERSEN (Germany)
• UrthPact, LLC (U.S.)
• Biogreen Biotech (P) Ltd. (India)
• Evonik Industries AG (Germany)
• CLONDALKIN GROUP (Netherlands)
• Cargill Incorporated (U.S.)

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