Paper Bottles Market Size

Paper Bottles Market size was valued at USD 68.2 million in 2023 and is projected to exceed USD 135.12 million by 2036, expanding at over 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of paper bottles is evaluated at USD 71.15 million. The growth of the market can be attributed to the growing environmental awareness amongst the masses regarding the demerits of using plastic bottles. Plastics is a non-biodegradable material, which is primarily responsible for polluting the oceans. According to the UN Environment report, 1 million plastic drinking bottles are purchased every minute, most of which end up in landfills and oceans. Only 9% of all plastic waste gets recycled, while over 79% gets dumped in water bodies or open garbage dumps. Paper bottles offer a green alternative to plastic bottles, as they are biodegradable, and do not harm the environment. This is estimated to act as a major growth driver for the paper bottles market. Further, government initiatives to limit use of single-use plastics, such as setting up plastic waste management system, is expected to promote the use of plastic bottles on a mass scale. The use of paper cups, straws and bags has gained significant acceptance in the recent years, and paper bottles are expected to follow the same trend.