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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

  • PUBLISHED ON
  • 31/10/2022
  • NO OF PAGES
  • 274
  • CATEGORY
  • 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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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