Reusable Water Bottles Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Reusable Water Bottles Market grew at a CAGR of 4.5% between 2017-2021 and is estimated to be US$ 7,315.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.5% and is expected to reach a valuation of US$ 12,495.4Mn by 2032 end.
People are taking on the duty of minimizing their contribution to the plastic problem due to the increased knowledge of environmental risk. Because of this, many people worldwide are switching from single-use plastic bottles to reusable water bottles. The COVID-19 home isolation recommendations have also increased demand for reusable bottles and other kitchen equipment.
POTENTIAL FOR ENVIRONMENTALLY FRIENDLY PACKAGING
Growing environmental issues have increased the need for both eco-friendly and sustainable packaging. Reusable water bottles make the best replacement for single-use water bottles. Multiple uses are possible for reusable water bottles. Customers should choose reusable water bottles because they are stronger and more long-lasting than disposable ones.
SURGE IN THE USE OF SMART WATER BOTTLES
Over the past few years, there has been a substantial increase in the use of smart water bottles. The developments and advancements drive the market growth for reusable water bottles. The use of smart water bottles is becoming more popular. Examples include bottles that display the temperature or have a reminder.
Market Segments Covered in Report
By Material Type:
By Distributional Channel:
By Region and Country:
Which distribution channel segment offers abundant growth opportunities for the global reusable water bottles market?
During 2023–2032, the hyper/supermarket segment is anticipated to grow by 1.4 times its current market value. Various distribution networks sell reusable water bottles, including hyper/supermarkets, independent shops, internet retailers, and others.
However, most reusable water bottles are sold in supermarkets and hypermarkets. The same is due to consumers’ growing desire for handy retail establishments.
Which is the highly preferred material type in the global reusable water bottles market?
With a revenue share of more than 36.9%, the plastic material type segment dominated the market in terms of revenue. Producers attribute this to cheap manufacturing costs. Consumer interest in reusable water bottles has increased due to the longer lifespan of plastic bottles, which assists in the segment’s growth.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
By increasing their capacities to meet the rising demand for reusable water bottles, the major players in the market for reusable water bottles are attempting to concentrate on boosting their reusable water bottle sales and revenues. The major players are attempting to increase their market share and available resources for reusable water bottles through alliances and acquisitions.
The key developments in the Global Reusable Water Bottles Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material Type, Distributional Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.5%.
Potential for environmentally friendly packaging drives the market.
Major global Reusable Water Bottles Market players are Camelbak Products LLC, Brita GmbH, Klean Kanteenm, Inc., Newell Brands, Can’t Live Without It, LLC, Thermos LLC, A.O. Smith Corporation, Bulletin Brands LLC, Nalge Nunc International Corp., Zhejiang Haers Vacuum Containers Co. Ltd.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Reusable Water Bottles market.
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