According to the research of Future Market Insights, during the projected period, the global sugarcane bottles market is set to reach a valuation of US$ 52.8 Million in 2022, and further expand at a CAGR of 5.9% to reach US$ 61.2 Million by the year 2032.
The sugarcane bottles market is one of the fastest-growing markets in the global food and beverage packaging industry. Sugarcane bottles are used to store and pack different types of beverages. The urge of avoiding the use of plastic packaging in the end use industry to gain sustainability goals is the major factor driving the demand for sugarcane bottles. The sugarcane bottles help in maintaining the properties of the stored goods. The sugarcane bottles are made available in different capacities based on the requirement such as less than 100 ml, 101 ml to 250 ml, 251 ml to 500 ml, and more than 500 ml. Majorly, 251 ml to 500 ml sugarcane bottles are used by various end-user industries.
The sugarcane bottles market is growing owing to the increase in the usage of biodegradable packaging solutions. Consumers and manufacturers are focusing more on recyclable packaging due to environmental concerns which bolsters the sales of sugarcane bottles. Overall, the rising demand for packed items and increasing consumer awareness are projected to boost the sales of sugarcane bottles across the globe.
Sugarcane Bottles Market Landscape
- Bottle Up, Worthy,
- BE O Lifestyle,
- LYSPACKAGING,
- Berry Global Inc.,
- Reyoung Corp.,
- Bottle Promotions, and
- The Natural Bottle
are the key players operating in the global sugarcane bottles market. Also, some of the noticeable players operating in the sugarcane bottles are
- Suzhou Fomalhaut Eco-Pack Material Tech Co., Ltd.,
- Fortis X,
- Retulp,
- Velong Enterprises,
- Hangzhou Tianye Packaging Technology Co., Ltd., and others.
Key Takeaways from Sugarcane Bottles Market
- The food & beverage and cosmetics & personal care segments collectively are projected to hold around 62% of the market value share by the end of 2022. Various food & beverage brand and cosmetic brand are adopting chemical-free packaging and biodegradable packaging to gain the attention of eco-friendly consumers which drives the demand for sugarcane bottles
- Capacity wise less than 100 ml bottles are anticipated to perform well in the pharmaceutical industry as they are perfect alternatives for packaging medicines like drops, syrups, medicinal powders, etc.
- South Asia is projected to create a growth opportunity for the sugarcane bottles market due to the increasing production of sugarcane in the region. The South Asia sugarcane bottles market is anticipated to grow 1.6 times the current market value during 2022-2032.
“The environmental awareness among consumers has increased the demand for recyclable and biodegradable packaging. Sugarcane bottles are gaining traction owing to their ability to preserve the quality of the product as traditional bottles. The printability feature on sugarcane bottles is projected to create growth opportunity for the target market addressing the look and feel of the product” – says an FMI analyst
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15739
High Tolerance of Sugarcane Bottles towards Chemicals is Impacting the Growth of the Sugarcane Bottles Market
Chemical resistance to the packaging of products in the industries like cosmetics and personal care and pharmaceuticals plays a critical role. Sugarcane bottles offer a very high resilience against such products and do not react with them under normal conditions making them an excellent alternative to glass or plastics.
Materials such as glass and plastics are manufactured using non-renewable raw materials and are majorly found lying in open land fields creating land pollution. Sugarcane bottles along with comparable properties are bio-based and get decomposed easily. Big pharma and cosmetic brands are constantly at war with authorities trying to tackle pollution problems. Despite being a little costly, sugarcane bottles are slowly trying to replace polluting materials while offering customizable containers of different shapes, and sizes and excellent chemical tolerance for the different end use industries.
Get Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15739
Sugarcane Bottles Market Report
Future market insights, in its new report, offers an unbiased analysis of the global sugarcane bottles market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the sugarcane bottles based on the capacity (less than 100 ml, 101 ml to 250 ml, 251 ml to 500 ml, more than 500 ml), end use (food & beverage, cosmetics & personal care, pharmaceutical, consumer durables), and distribution channel (online, offline) across seven regions.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
