Future Market Insights
Advancement in packaging industry has brought in a novel bottle packaging solution - flexible bottles. Flexible bottles are utilized for storing water and are easy to carry by folding them conveniently when unfilled. Because of this convenience of portability, the demand for flexible bottle markets holds significant luster. The market is estimated to observe noteworthy development in the upcoming years. Another advantage of the flexible bottles is that they can be used for super cold water and can be carried effectively. These kind of bottles are BPA free and heat resistant. Flexible bottles have the attributes of reusability, which fuels the demand in the market.
Some of the other important factors supporting the growth in flexible bottle market are rising awareness regarding cleanliness, rising health concerns, increasing interest in useful bottled water, and lack of developed open water framework. Manufacturers of bottled water are unveiling advanced products with therapeutic benefits and comfort. These product launches are boosting demand potential in the global flexible bottle water market. Besides, it was seen that the expansion in per capita income of developing nations over the globe is among the major factors behind the dynamic development of flexible bottle market. Inferable from high standards with respect to the health hazard arising out of exposure to plastics are restring the growth in flexible bottle market.
Apart this, owing to rapid industrialization in developing nations such as China and India along with advancement in technology is foreseen to contribute in growth in Asia Pacific. However, North America is likely to remain a leading region in global flexible bottle market in coming years.
In recent years there has been a substantial shift in product manufacturing as well as packaging. A new type of beverage packaging is introduced to increase the convenience of the customers. Flexible bottles are used for water storage and can be carried by folding when they are empty, due to this advantage of adaptability, the flexible bottle market is at an escalation stage and is expected to witness significant growth over the forecast period, 2017–2025. Another benefit of the flexible bottles is that they can be frozen for ice cold water and can be carried easily. This type of bottles are heat resistance to boiling water and are BPA free. These two factors are creating a positive impact on the growth potential of flexible bottle market. Flexible bottles have the characteristics of reusability which creates demand for this product.
Global Flexible Bottle Market- Market Dynamics:
Factors, for example, increasing health issues, cleanliness awareness, the absence of well-developed open water infrastructure and interest for useful bottled water are expected to fuel income and volume development of the global flexible bottled market. Bottled water makers are introducing new items with medical advantages and convenience which is coming about a few product dispatches in the flexible bottle water market. Significant change in the lifestyle and convenience of emerging economies has triggered the growth potential for flexible bottle market. Furthermore, it was observed that the increase in per capita disposable income of emerging countries across the globe are some of the key drivers for the dynamic growth of flexible bottle market. Owing to strict norms regarding the hazardous effect by the usage of plastics from the government are hampering the growth of flexible bottle market. These components are relied upon to support the development of the flexible bottle water market sooner in the future.
Global Flexible Bottle Market - Market Segmentation:
The global flexible bottle market is segmented on the basis of material type and capacity.
On the basis of material type, the global flexible bottle is segmented into:
On the basis of capacity, the global flexible bottle is segmented into:
Global Flexible Bottle Market– Regional Overview:
The global flexible bottle market is segmented on the basis of region such as:
The flexible bottle market in North America region is expected to remain supreme for the highest revenue growth as compared to markets in other regions. Flexible bottle market in India and China are expected to have considerable growth in terms of revenue owing to rapid industrialization and technological advancements in these emerging economies. Furthermore, the growth of flexible bottle market in other parts of Asia Pacific is expected to be driven by increasing per capita disposable income and spending power among consumers in countries in this region. Flexible bottle market in Europe is expected to witness above average growth, with Germany, France, Italy, and the U.K. ranking high regarding demand for flexible bottles. The market for Latin America would also have a presence for flexible bottle and is expected to grow at a notable rate. The flexible bottle market in the MEA region is expected to witness a significant increase in revenue contribution from sales in GCC countries and South Africa. Japan is also expected to continue with the stagnant growth for flexible bottle market over the forecast period.
Global Flexible Bottle Market – Key Players:
Few of the key players for flexible bottle are Vapur, Inc., Hydrapak LLC, inov-8, Salomon SAS, Ultimate Direction, Inc., Lingxu International Trade Co., Ltd., Qimei Packaging Co., Ltd., T&T Plastic Hardware (Zhuhai) Co., Ltd., 4MO Plastic Co., Ltd. (Zhuhai), Reshine Imp. & Exp. Co., Ltd., etc.
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