Industry Background:
Biodegradable water bottles are 100 percent vegan bottles made of natural and organic sources paper, bamboo, sugarcane pulp, algae, etc, it also involves biodegradable plastics like starch-based plastics, polylactic acid {PLA}, poly-butylene succinate {PBS} etc. Advanced technology is used for the development of bottles including the lid, and label. The biodegradable water bottles are used in residential, institutional, sports, travel, gym applications. The biodegradable water bottles can be decomposed completely making them environment friendly.This growth is primarily driven by Growing Environmental Concerns With Increasing Usage of Plastic Product and Demand for Alternative Eco-friendly Recyclable Water Bottles.
Globally, a noticeable market trend is evident Increasing Production of Bamboo and Paper Based Water Bottles
. Major Vendors, such as Paper Water Bottle (United States), Lyspackaging (France), Ecologic Brands (United States), Montana Private Reserve (United States), Mitsubishi Chemical Corporation (Japan), TSL Plastics Ltd. (New Zealand), PLA bottles (United States) and Danimer Scientific (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th December 2020, Danimer Scientific, a Next-Generation Bioplastics Company, Completes Business Combination with Live Oak Acquisition Corp. The transaction was unanimously approved by the board of directors of Live Oak and was approved at a special meeting of Live Oak stockholders on December 28, 2020. In connection with the closing, Live Oak changed its name to Danimer Scientific, Inc. The common stock of Danimer Scientific will trade under the ticker symbol “DNMR” on the New York Stock Exchange beginning December 30, 2020.
On 15th January 2019, Nestle and Danimer Scientific, announced a global partnership to develop biodegradable bottles. Nestlé and Danimer Scientific will collaborate to design and manufacture bio-based resins for Nestlé’s water business using Danimer Scientific’s PHA polymer Nodax™. In 2018, the University of Georgia (U.S.A.) confirmed in a study that Nodax™ is an effective biodegradable alternative to petrochemical plastics. PepsiCo, an existing partner of Danimer, may also gain access to the resins developed under this collaboration.
Regulatory Insights:
"From the financial point of view, the 2018 EU regulation facilitates sustainable investment by setting clear criteria for assessing green investment funds. Fees to discourage plastic production are imposed in Europe under the extended producer responsibility. According to the EASAC report, these fees are too low (€50–250 per tonne) and vary significantly between countries. Nevertheless, said fees are not imposed worldwide, and a higher price could only reduce the European companies’ competitiveness. At the same time, the economic burden to develop properly recyclable and/or biodegradable plastics can be significant for companies."
Market Drivers
- Growing Environmental Concerns With Increasing Usage of Plastic Product
- Demand for Alternative Eco-friendly Recyclable Water Bottles
Market Trend
- Increasing Production of Bamboo and Paper Based Water Bottles
- Availability of Biodegradable Water Bottles Online
Restraints
- High Price Associated with Equipment For Both Processing and Recycling of Biodegradable Water Bottles
Opportunities
Surging Awareness about the Biodegradable Water Bottles in Developing Countries and Stringent Regulatory Guidelines on the Use and Distribution of Biodegradable Water Bottles
Challenges
Availability of Low-Quality Substitute Biodegradable Water Bottles
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biodegradable Water Bottles Study Sheds Light on
The Biodegradable Water Bottles Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Biodegradable Water Bottles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biodegradable Water Bottles industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.