October 09, 2023 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, DEL, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The HDPE bottle market size is anticipated to exceed US$ 107,797.8 million in 2023 and is likely to attain a valuation of US$ 147,708.9 million by 2033. The HDPE Bottle Market share is expected to rise at a CAGR of 3.2% from 2023 to 2033. Hdpe Packaging
Edible packaging satisfies a market niche even though it is not a direct replacement for conventional HDPE bottles. Edible packaging options such as edible films or starch-based polymers have been developed due to innovations in food-grade materials. These materials and HDPE bottles offer distinctive customer experiences while minimizing waste.
Edible packaging is aligned with sustainability objectives since it reduces waste and offers a green option to conventional materials. Eating or disposing of the packaging more responsibly can also improve the consumer's engagement with the product.
Some HDPE producers are including biodegradable ingredients in their bottles in response to environmental concerns. While HDPE is not biodegradable, some additions improve HDPE breakdown in particular situations, such as composting or exposure to certain bacteria. This trend is an essential step in addressing the problem of plastic waste in the environment.
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Biodegradable additives in HDPE bottles help to create a more environmentally friendly disposal alternative and correspond with manufacturers' sustainability goals.
Key Takeaways from the HDPE Bottle Market Report
“A remarkable surge is underway as the HDPE bottle market charts its course, fueled by the magnetic pull of sustainable packaging solutions, an aggressive response to stringent environmental laws, and a relentless drive for innovation." "With the help of bio-based substitutes and recyclable HDPE, industry players are navigating into a different age of green packaging. This path guarantees a bright future and a steadfast dedication to a more sustainable future,” says Ismail Sutaria, Principal consultant at Future Market Insights
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Ismail Sutaria (Lead Consultant, Packaging and Materials) has over eight years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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