Reusable Water Bottles Market

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.

Market Dynamic

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:

• Glass
• Stainless Steel
• Plastic
• Silicon
• Others

By Distributional Channel:

• Specialty Stores
• Convenience Stores
• Supermarkets & Hypermarkets
• Online

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With more than 43.6% of the global market’s revenue, Asia Pacific was in charge. The government is aggressively encouraging bottle makers to utilize eco-friendly and sustainable materials due to awareness of the risks posed by plastic water bottles. This trend is likely to enable customers to use reusable water bottles actively. The regional market’s growth is probably going to be boosted by this initiative.
• Due to the increasing number of people participating in outdoor activities, which fuels demand for the product as a sustainable alternative to single-use plastic bottles, North America is predicted to grow at a steady CAGR over the forecast period.

Competition Analysis

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:

• In September 2021, the MOO Water Bottle was introduced by MOO Inc., a company specializing in digital print and design, to help the company expand its brand into the luxury market. The business distributes its line of water bottles across the country; these bottles come in various standout colors and offer a wide range of branding possibilities.
• In July 2020, MultiBev, a new product created by CamelBak Packaging, is considered a 2-in-1 vessel. This includes a travel cup with a silicone top and a water bottle. Consumers are increasingly embracing this water bottle style as it improves their daily lives in terms of convenience and adaptability.

A list of some of the key suppliers present in the market are:

• Camelbak Products LLC
• Brita GmbH
• Klean Kanteenm, Inc.
• Newell Brands
• Can’t Live Without It, LLC
• Thermos LLC
• O. Smith Corporation
• Bulletin Brands LLC
• Nalge Nunc International Corp.
• Zhejiang Haers Vacuum Containers Co. Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.