Disposable water bottle or single-use water bottles are the bottles meant for use and throw or recycle after a single use. They are similar to products that may last indefinitely, while a disposable product may last several days. Annually 300 million tons of plastic is produced globally, and half of it is disposable. Disposable material comprises plastic drinking bottles, plastic bottle caps, food wrappers, polythene bags, plastic wrappers, plastic sachets, straws, and Styrofoam cups or plates. These products often have smaller environmental footprints than reusable items. Non-biodegradable plastic takes years to disintegrate while disposable plastic gradually and slowly breaks down into micro plastics that are small pieces of plastic. Although disposable items are considered single-use, still many items can be recycled, giving them a second life.
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COVID-19 Scenario Analysis:
- COVID-19 can have a varied effect on disposable products.
- Disposable water bottles that were highly used by travelers or even as a daily requirement by consumers will see a major downfall because of the lockdown situation.
- Medical equipment made from the disposable material, on the other hand, is experiencing a surge, as their need is increasing due to the Corona outbreak.
- With this, it is said that the bans on plastic bags may be removed for safety reasons. Reusable bags may carry the virus and can become a major reason for the spread of the virus.
- Single-use packaging has faced lots of criticism in the past few years but due to the lockdown, the need for storing food for the long term is increasing.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Disposable water bottles are among the worst enemies of the environment. Almost half of the water bottles produced are made from such material that is used only once and requires three times more water to produce it than the water required to fill that bottle.
But the need for water bottle has contributed to its significant growth. Disposable water bottles have a huge customer base as the consumers benefit from their low cost, flexibility, and convenience. Disposable Plastic bottles are easily available and widely purchased by customers for one-time use.
While the major threat for disposable water bottles is the coming up of alternative biodegradable bottles that get easily decomposed be it at ashore or sea. Also, the rise in awareness about the environment fuels the growth of biodegradable water bottles and is becoming a threat to disposable water bottles.
But still, disposable water bottles can benefit from a few opportunities such as low per consumption, surging tourism, and a surge in disposable income. Medical industries also demand single-use plastic as it helps in preventing the spread of infection; which is another great opportunity.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global disposable water bottle industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global disposable water bottle market share.
- The current market is quantitatively analyzed to highlight the global disposable water bottle market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global disposable water bottle market analysis based on competitive intensity and how the competition will take shape in coming years.
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