The global biodegradable water bottles market size was USD 2.45 Billion in 2022 and is likely to reach USD 3.78 Billion by 2031, expanding at a CAGR of 5.3% during 2023–2031. The market is driven by the increasing awareness among people for personal health and pollution caused by plastic bottles.
Growing use of biodegradable water bottles is a result of various scientific research that shows the devastating effects of plastic on the human body and environment. These concerns are gradually shifting consumer preference towards sustainable and eco-friendly products. Biodegradable product demand is advancing, as they can be decomposed, which reduces the problem of waste management. Disposable water bottles being one of the prominent pollutants are likely to be replaced by biodegradable water bottles in the coming years.This is anticipated to have a positive impact on the market growth.
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As per the report published by the National Institute of Health in 2021, the consumption of bottled water was approximately 61.4 billion gallons (232 billion liters) in 2011 and is projected to rise to around 136 billion gallons (513 billion liters) by 2025.North America is the largest consumer of bottled water (30%),with Europe taking second place at 29%, and Asia being the third at 27%, while the other parts consume around 14%.The increasing adoption of biodegradable water bottlesin these regions as a part of environmental awareness programs is likely to create highly favorable conditions for the growth of the market.
Biodegradable water bottles offer numerous advantages, including easy compostability, reduced carbon footprint, and no side effects on human health. Various governments all over the worldare implementing policies to encourage the adoption of biodegradable and eco-friendly products.In addition, the stringent government policies against the use of plastic further fuel the growth of the market.
The research report finds that the COVID-19 pandemic hindered the biodegradable water bottles market. The lockdown imposed in the majority of nations around the world disrupted the supply & distribution chain and led to fluctuations in the price & availability of raw materials.This significantly affected the demand for biodegradable water bottles. However, with everything turning back to normal post vaccinations and the opening of global economies,the use of eco-friendly products is increasing, which is anticipated to support the market.
Biodegradable Water Bottles Market Dynamics
Major Drivers
Growing consumer awareness regarding the harmful effects of plastic is projected to drive the market during the forecast period. Several chemicals present in different types of plastics are found to be endocrine disruptors. This can cause hormonal imbalance, leading to a wide range of health issues, including neuro developmental impairment, impaired lung growth, birth defects in reproductive organs, prematurity, stillbirth, and other diseases, such as cancer.
The chemicals present in plastic bottles and containers leach into the water and eventually end up in a person’s bloodstream, causing health problems. The growing awareness regarding such side effects of plastics is deterring consumers from buying plastic bottles and instead, opting for biodegradable options.
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As per the National Institute of Health in 2020, several studies have confirmed that plastic pollution has had a direct association with numerous health problems such as reproductive disorders, obesity, cardiovascular disease, and even breast cancer. It is stated that contamination of plastic is likely responsible for 42,400 cases of obesity among children in Europe.
Stringent government policies regarding the use of plastic products are key aspects propelling the market. Governments all around the world are implementing rules and regulations that discourage the use of disposable plastic and promote the use of eco-friendly alternatives. This is likely to help reduce plastic waste and increase environmental awareness, leading to high adoption of biodegradable water bottles, thereby furthering the growth of the market.
Existing Restraints
High cost of biodegradable products is anticipated to hinder the market during the projection period. Compared to conventional plastic, the production of biodegradable plastic requires a few additional procedures as well asspecialized equipment. This increases the overall cost of production, making the process of manufacturing biodegradable plastic bottles more expensive. For instance, bio-ethanol or sugarcane-based PET or PE plastic has approximately 20% higher prices as compared to the price of conventional plastics.
Emerging Opportunities
Development ofbottles with sturdy structures and easily compostable is expected to create substantial growth opportunities for the companies in the market. Biodegradable water bottles manufactured from organic sources are shatter-proof and are capable of withstanding high levels of water exposure. As per the BBC Science Focus, these bottles take approximately three to six months to decompose completely. This is much quicker in comparison to plastic water bottles,which can take up to hundreds of years to decompose.
Such bottles help reduce plastic waste and are therefore good for the environment. The increasing environmental awareness leads to the high adoption of several eco-friendly products, including biodegradable water bottles, which are likely to expand the growth opportunities of the market.
Scope of the Biodegradable Water Bottles Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Biodegradable Water Bottles Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Capacity (1000 ml and Above, 501 ml -1000 ml, 101 ml – 500 ml, and 15 ml – 100 ml), Material (Organic Material [Paper, Bamboo, Algae, and Sugarcane Pulp], Biodegradable Plastic [Polylactic Acid, Poly-butylene Succinate, and Starch-based Plastics], and Others [PHB and PHA]), End-use (Residential Use, Sports, Travel, Institutional Use, Specialty Purpose, and Gym)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast
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Key Players Covered in the Report
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Choose Water; Cove; Ecologic by Jabil; JUST Goods, Inc.; LYSPACKAGING; Mitsubishi Chemical Group Corporation; Montana Reserve; Paper Water Bottle; Raepack Ltd.; and TSL Plastics Ltd.
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Biodegradable Water Bottles Market Segment Insights
Capacity Segment Analysis
Based on capacity, the biodegradable water bottles market is divided into 1000 ml and above, 501 ml -1000 ml [large], 101 ml – 500 ml [medium], and 15 ml – 100 ml [small]. The 501 ml -1000 ml segment is projected to hold the major share of the market during the projection period, due to its widespread acceptance as a standard-size of water bottle that can containan ideal amount of water to carry. Even most of the disposable water bottles available in the market have the highest sale in this segment.The bottles of this size are small enough to fit in backpacks and handbags, but big enough that they do not need to be filled too often.
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As per the recent survey report published in 2023, around 15.9 billion gallons of water were sold in water bottles in the United States in 2022. Over the past decade, the sale of water bottles has increased significantly each year.This has fueled the need for eco-friendly bottles, owing to rising plastic waste and their adverse effects.
Material Segment Analysis
On the basis of material, the global market is segregated into organic material, biodegradable plastic, and others. The organic material segment is further divided into paper, bamboo, algae, and sugarcane pulp. Similarly, the biodegradable plastic segment is further split into polylactic acid [PLA], poly-butylene succinate [PBS], and starch-based plastics. The other segment includes PHB and PHA. The biodegradable plastic segment is projected to register a high CAGR during the forecast period,as they are highly eco-friendly and can be conveniently disposed of.
Biodegradable plastic water bottles are highly sustainable and produce less waste. They can decompose quickly and do not release any harmful chemicals. Moreover, the production of biodegradable plastic does not depend on petroleum and requires less energy in its production as compared to disposable plastic bottles. These factors are likely to fuel the growth of this segment.
End-user Segment Analysis
On the basis of end-use, the market is segmented into residential use, sports, travel, institutional use, specialty purpose, and gym. The residential use segment is anticipated to register a robust growth rate during the forecast period, due to the requirement for household water storage and usage. The water bottles are convenient to use and can easily be cleaned. The use of biodegradable water bottles is increasing in households,owing to increasing awareness of personal health and the environment. They have no risk of seeping harmful chemicals through the water, and therefore, do not have any adverse effects on health.
The travel segment is projected to register a considerable CAGR during the forecast period, owing to water bottles’ portability and convenience.The bottle can simply be packed in a backpack and taken anywhere during travel. The raw materials used for the manufacture of biodegradable water bottles are derived from organic materials such as bamboo, tree, sugarcane, and algae, among others. As a result, when these bottles are disposed of, they have decomposition and do not release any harmful chemicals into the environment. These factors are expected to fuel the market growth for the travel segment.
Regional Outlook
In terms of region, the global biodegradable water bottles market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, owing to various government initiatives to ban plastic.
The governments of several countries in this region are banning the use of plastic in various products, such as the use of plastic carry bags and the use of plastic straws & containers. Furthermore, authorities from these countriesare implementing important eco-preservation policies for reducing their plastic waste to enhance the landscape and improve tourism. These steps are anticipated to increase the adoption of biodegradable water bottles in this region.
North America is anticipated to witness significant growth during the forecast period,owing to the increasing environmental awareness in this region and government policies to ban or restrict the use of plastic. There is high demand among consumers for biodegradable water bottlesto reduce plastic’sharmful impact on the environment.In addition, there has been a rise in the utilization of eco-friendly packaging.
Manufacturers in the region are taking advantage of the growing use of environmentally conscious packaging, as demonstrated by major food chains such as McDonald's, which have committed to using 100% sustainable packaging by 2025. The growing competition among the manufacturers and the presence of several market players in this region are expected to propel the market.
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As per one of the recent reports, eight different states in the US have banned the use of single-use plastic. These states include New York, Oregon, Maine, California, Delaware, Vermont, Connecticut, and Hawaii.
Segments
The biodegradable water bottles market has been segmented on the basis of
Capacity
- 1000 ml and Above
- 501 ml -1000 ml [Large]
- 101 ml – 500 ml [Medium]
- 15 ml – 100 ml [Small]
Material
- Organic Material
- Paper
- Bamboo
- Algae
- Sugarcane Pulp
- Biodegradable Plastic
- Polylactic Acid [PLA]
- Poly-butylene Succinate [PBS]
- Starch-based Plastics
- Others
End-user
- Residential Use
- Sports
- Travel
- Institutional Use
- Specialty Purpose
- Gym
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global biodegradable water bottles market are Choose Water; Cove; Ecologic by Jabil; JUST Goods, Inc.; LYSPACKAGING; Mitsubishi Chemical Group Corporation; Montana Reserve; Paper Water Bottle; Raepack Ltd.; and TSL Plastics Ltd.
These companies have implemented various development strategies, such as acquisitions, partnerships, mergers, product launches, collaboration, and production expansion, to meet the needs of their global customers. These market players are required consistently overcome challenges such as fluctuating raw material prices and competition with other market players. Additionally, they must invest significantly in research and development to improve their products. For instance,
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In February 2022, Nestle, one of the largest manufacturers of consumer goods, announced the release of its first biodegradable water bottle that has entirely been made from plant-based materials. The bottle is created with a combination of plant-based polymers and paper and is expected to have excellent reach among environmentally conscious consumers.
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