The global market for Eco-Friendly Bottles estimated at US$3.1 Billion in the year 2022, is projected to reach a revised size of US$5.3 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030.
Polylactic Acid segment is projected to record a 6.8% CAGR and reach US$1.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cellulose segment is readjusted to a revised 7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $755.6 Million, While China is Forecast to Grow at 6.5% CAGR
Global Eco-Friendly Bottles Markets from U.S. to Europe
The Eco-Friendly Bottles market in the U.S. is estimated at US$755.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$365.9 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 8% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 7.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$302.7 Million by the year 2030.
Looking Ahead to 2023
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
What’s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its bumpy reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies: Strong, Active, Niche, Trivial
The “Eco-Friendly Bottles: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.