Global Flexible Bottle Market Size, Share, and Trends Analysis Report, By Type (PP, PVC, HDPE, LDPE), By Application (Household and Commercial), Forecast (2022-2028)
The global flexible bottle market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022- 2028). Flexible bottle is intensively used in households and commercials, especially in sports activities primarily due to the cutting-edge technology and the way it is flexible for carrying. The cost-effectiveness and durability of the plastic material supports in the protection of carrying water from issues such as breakage, spoilage, or contamination. The lightweight of the bottle and its convenience in carrying increase the demand for flexible bottles. The increasing demand for bottled water, the growing popularity of sports and fitness, and the adoption of a healthy lifestyle are some factors driving the growth of the global flexible bottle market.
Additionally, the increasing awareness about environmental issues such as global warming, climate change, and pollution has led to an increased demand for eco-friendly products such as flexible bottles which can be recycled easily without any harm to the environment or human health. This, in turn, is accelerating the growth of the market. However, recycling these bottles consumes the time and energy required for the production of making new bottles, which is the restraining factor for the growth of the global flexible bottle market.
The market is segmented based on the type and application. Based on the type, the market is segmented into polypropylene (PP), polyvinyl chloride (PVC), high density polyethylene (HDPE), and low density polyethylene (LDPE). PP plastic is low in cost and flexible and it is suitable for making these bottles. Polyvinyl chloride (PVC) is used in making durable flexible bottles and is also ideal for making other products that require long-term storage products. HDPE bottles are blow molded as most milk and water bottles use a natural-colored HDPE resin. LDPE is used in making flexible bottles as they have high resistance which makes them durable.
Some major players in the market include M&H Plastics, Hydrapak LLC, and Salomon SAS, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, Hawkister brand flexible silicone bottle can be used in many activities such as sports, trekking, cycling, and many more. As a foldable water bottle, it can reserve 500ml liquid with only 156g in weight. It can be folded from 9.8 inches to 5.5 inches in height. Collapsible and lightweight design make it easier to place, portable, and store.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- M&H Plastics, Hydrapak LLC, and Salomon SAS, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Flexible Bottle Market Report by Segment
By Type
- PP
- PVC
- HDPE
- LDPE
By Application
- Household
Commercial
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