Foldable bottles are such rigid bottles which can be folded when empty. Foldable bottles are used for the efficient and protective packaging of products. These bottles have various end users such as food & beverages, pharmaceutical, automotive, transport & shipping industries etc.
Various attractive features of these bottles provide more protection as compared to the cardboard boxes and have longer life. These features include reusability, durability, weatherproofing, stackablity etc. Foldable bottles are of different types such as collapsible, non-collapsible etc. and these are convenient for using during travelling and shipment.
The polymer based foldable bottles is the right packaging solution and the most important decision one could take before transportation and shipping of the products. The rising popularity of foldable bottles is expected to boost the demand for it in the market in near future.
Foldable bottles are very easy to carry around and it is the perfect solution for outdoor activity. Moreover, these bottles are recyclable, durable, detachable, light-weight, stable and some silicon made foldable bottles can be used in microwave oven as well.
Furthermore the bottles can be used for filling with hot water and frozen water, as freezing the container does not damage the product. These are some of the key factors which are driving the growth of the foldable bottles market to replace single-use plastic bottles.
Most of the foldable bottles don’t stay upright easily and they are prone to have leaking potential. Additionally the bottles are made of plastics which are sustainable in our eco-friendly environment. These factors might hamper the growth of the foldable bottles over the forecast period.
The global foldable bottles market is growing on the backdrop of protective packaging of sensitive and fragile products. The foldable bottles market is driven by the food and healthcare industries. Food & beverages industries use foldable bottles for efficient packaging of the food products as beverage bottles, milk bottles etc. The transportation of beverage has become very easy and safe by packing in the foldable bottles.
Nowadays people follow the trend of hiking and traveling more just to get rid of their daily boring lives and this factor is creating opportunities for the foldable bottles market to grow in the industry. The rate of hiking across the globe is rising continuously and people are preferring foldable bottles over traditional hard-shelled bottles for carrying water and beverages.
The rising knowledge about using recyclable products more is spreading globally and manufacturers are shifting their preference towards manufacturing various recyclable products which is playing a major role in producing foldable bottles in the market.
The robust outbreak of Covid-19 has affected the financial conditions of various economies. The declined growth rates of these economies are affecting the manufacturers of foldable bottles negatively. The widespread health crisis created by the coronavirus is adversely affecting the end-use sectors of foldable bottles.
Additionally, price fluctuations of raw materials have impacted the acquirement cost for producers which is hampering the growth of foldable bottles market. Moreover, sanction rule implemented for the crude oil import process is likely to affect the oil price overall which is resulting in raw material- price fluctuation.
This is expected to affect the demand for foldable bottles negatively. But the sales of the foldable bottles is dependent on different factors like global severity of the disease, duration of the situation and numerous rules and regulations implemented by various government authorities around the world.
Asia Pacific is expected to lead the market of foldable bottles, owing to the presence of a large population in the countries like China and India, extensive use of various water bottle and low cost of manufacturing in the region. The growth is expected to remain significant in the coming years due to economic growth and an increase in disposable income.
Middle East & Africa is also expected to show a rapid growth due to continuous growth in food & beverage Industry. It is appended that North America, Europe will show a decent growth rate due to change in lifestyle. Latin America will also show a moderate growth rate for the foldable bottles market due to the rapid urbanization over the forecast period.
The global foldable bottles market is segmented by capacity, material, product type and end-use.
By Capacity:
By Material:
By Product Type:
By End-use:
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