As the ban on single-use plastics approaches, India is prioritizing sustainable alternatives, allowing for the rise of new opportunities for businesses around the manufacturing of paper-based liquid containers. Moulded pulp paper bottles with Biodegradable inner barrier coatings are now being used instead of PET containers by some beverage, cosmetics and pharma industries.
From a start-up point of view, this is more than just packaging. It is a growing industry with a demand for sustainable alternatives. This is evident with a the recent surge in government regulation globally and the recent ESG mandates of large corporations.
The global paper bottle industry is valued at approximately 76-78 million USD, and is believed to grow at a rate of 5-6.5% to a value of $127-135 million by 2033-2035.
The main factors holding back this industry, are the growing consumer demands for recyclable packaging and the growing mandates on the use of plastics in packaging.
With the increased urbanization in the region and more stringent mandates on the use of single-use plastics, the Asia Pacific region is predicted to have the fastest growing demand for paper bottle packaging.
Reasons for Startups to Consider Investing in the Manufacturing of Paper Bottles
For the entrepreneurs linked to the Industrial consultancy services like NPCS and Entrepreneur India, this segment is in line with the emerging market and evolving government policies in relation to manufacturing in the sustainable sector.
Some of the reasons justifying the investment are as follows.
Because of the rapidly evolving sustainable packaging ecosystem in India, paper water bottles manufacturing is a means for Startups to sustainably enter a niche market with significant longitudinal growth potential globally.
Leading Paper Bottle Manufacturing Technology
A number of companies around the world are working on and some have already started commercializing the first paper based liquid packaging solutions worldwide. They include
| Plant capacity | Plant & machinery | Working capital | Cost of Project | T.C.I | Return | Break even |
|---|---|---|---|---|---|---|
| Paper Water Bottle (1 Ltr. Size): 12,000 Nos. Per Day | 88 | N/A | 285 | 28 | 58 |