Sugarcane Bottle Market Size, Industry Analysis Report By End-Use (food and beverages, cosmetic and personal care, pharmaceutical, consumer durables), By Distribution Channel (online, offline) & Region – Forecast

  • 31/10/2022
  • 274
  • Food & Beverages
The Sugarcane Bottles Market: Overview
The Sugarcane Bottles Market is valued at around USD 52.8 million in 2022 and is expected to reach USD 61.2 billion by 2030, registering a CAGR of 5.9% over the forecast period. Bioplastics like sugarcane bottles are made with renewable resources both during and after the manufacturing process. Plant-based materials offer a speedier, lower-emission alternative to petroleum-based polymers, which come from a limited source and form over millions of years. Brazil, which is 2,000 kilometres from the Amazon Rainforest Region, is where sugarcane for plastic bottles is grown and gathered. The government is developing rules to stop agriculture from encroaching into priceless, extremely biodiverse territory, as part of its commitment to safeguard the rain forest. With Brazil currently generating an estimated 25% of the world's sugar and ethanol, the manufacturing of sugarcane for plastic has grown significantly.

The Sugarcane Bottles Market - Growth Factor
The problem of worldwide plastic pollution is frequently attributed to the food and beverage industries. The extremely high demand for such raw materials can be attributed to lower prices and a robust supply chain for virgin polymers made from petroleum, such HDPE or PET. However, in recent years, the trend of the demand for food and beverage packaging has shifted toward biodegradable packaging, such as sugarcane packaging. Sugarcane bottles, for example, provide equivalent qualities to conventional packaging options while yet being environmentally benign, allowing businesses to rely on them for all of their packaging requirements. As the name implies, sugarcane itself—specifically, sugarcane molasses—serves as the basic material for sugarcane bottles, making them a wholly biodegradable product. Sugarcane bottles are gaining popularity as a result of the increased rules from authorities about waste management and the rising demand for such biodegradable bottles, which is driving up sales of sugarcane bottles. Additionally, food and beverage companies are moving toward environmentally friendly packaging, which boosts the market for sugarcane bottles.

The Sugarcane Bottles Market – Market Trends
• Comparing sugarcane-based PET bottles to other plastic materials like polyethylene terephthalate (PET) and polypropylene, they are more environmentally friendly and have a lower carbon footprint (PP).
• PET bottles made from sugarcane are not only economical but also simple to recycle, which makes them a desirable alternative for producers in underdeveloped nations with limited or expensive recycling infrastructure. Future demand for sugarcane bottles is anticipated to be driven by the steadily expanding cosmetics market.
• Additionally, as people's lifestyles and levels of environmental consciousness evolve, they are using more recyclable packaging for packaged foods and beverages, which is thought to present a potential opportunity for the sugarcane bottles industry. Overall, it is projected that during the forecast period, demand for sugarcane bottles will increase more quickly.

The Sugarcane Bottles Market – Segmentation
The Sugarcane Bottles Market fragrance concentrates market has been sub-classified into capacity, end-user, distribution channel.
On the basis of capacity, the sugarcane bottles Market is bifurcated into:
• 101 ml to 250 ml
• 251 ml to 500 ml
• More than 500 ml
• others

On the basis of end-user, the market is segmented into:
• food and beverages
• cosmetic and personal care
• pharmaceutical
• consumer durables
• others

On the basis of distribution channel, the market segmented into:
• online
• offline
• others

The Sugarcane Bottles Market –Regional Analysis
Europe dominated the global Sugarcane Bottles Market, as sugarcane is thought to have a negative carbon footprint, several beauty and personal care companies in Germany are attempting to move to better packaging options like sugarcane bottles. Bioplastic or sugarcane bottles work similarly to competing items like PET bottles, with the exception that trash generated from them has little to no reaction with the chemicals in cosmetics. Customers are favouring bio-based packaging options due to their longer shelf lives and sustainability, which is boosting sales of sugarcane bottles.

The Sugarcane bottles Market – Key Market players
Global key players of Sugarcane Bottles Market include Bottle Up, Worthy, BE O Lifestyle, LYSPACKAGING, Berry Global Inc., SHENZHEN UNIQUE PACK CO., LTD., Reyoung Corp., The Natural Bottle, Suzhou Fomalhaut Eco-Pack Material Tech Co., Ltd., Bottle Promotions, Fortis X, Eurobottle, Retulp, Velong Enterprises, and Hangzhou Tianye Packaging Technology Co., Ltd.

Report scope
Global Sugarcane Bottles Market: Historical Years- 2018-2021
Global Sugarcane Bottles Market: Forecast Years- 2022-2030
Global Sugarcane Bottles Market 2022- USD 52.8 million
Global Sugarcane Bottles Market 2030- USD 61.2 million
Global Sugarcane Bottles Market CAGR- 5.9%

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