Reusable Water Bottle Market size is set to grow by USD 1,930.24 million from 2022 to 2027, Increasing demand for Eco

NEW YORK, June 5, 2023 /PRNewswire/ -- The global reusable water bottle market size is estimated to grow by USD 1,930.24 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.25% during the forecast period. APAC is estimated to account for 46% of the global market growth during the forecast period. Factors such as rapid urbanization and lifestyle changes drive the market demand for reusable water bottles. As consumers are becoming more concerned about the environment, it is increasing their preference for reusable water bottles. Additionally, the governments of countries such as India, China, and Japan encourage manufacturers to choose sustainable and environmentally friendly materials. These governments are taking steps to restrict the use of single-use plastic water bottles. For instance, in 2022, the Government of India announced a ban on the manufacturing, import, stocking, distribution, sale, and use of specified single-use plastic items with low utility and high littering potential. Hence, such initiatives are anticipated to drive the growth of the reusable water bottle market in APAC during the forecast period.

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Reusable Water Bottle Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on distribution channel (offline and online), type (plastic, metal, silicone, and glass), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the offline segment will be significant during the forecast period. This segment includes physical retail businesses, including supermarkets, convenience stores, specialized stores, and outdoor gear stores. These stores allow customers to physically examine the product before purchasing and retailers can make personalized suggestions to clients. There is a wide range of items available in these stores including reusable water bottles made of materials such as stainless steel, glass, and plastic. Hence, such factors are likely to drive the growth of the offline segment during the forecast period.

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Reusable Water Bottle Market – Market DynamicsKey factor driving market growth

The increasing demand for eco-friendly products notably drives market growth.

Consumers are concerned about the impact of single-use plastic water bottles on the environment. So, they look for environmentally friendly alternatives.

Since reusable water bottles can be used many times with minimal plastic waste generation, they are convenient and practical.

Resultantly, the demand for eco-friendly products, such as reusable water bottles, is increasing.For instance, companies such as Lifetime Brands Inc, Klean Kanteen, O2CooL LLC, and Nalge Nunc International Corp make eco-friendly items.

These companies create products made of environmentally friendly materials such as stainless steel, glass, and BPA-free plastics.

Hence, such factors are expected to fuel the growth of the global reusable water bottle market during the forecast period.

Leading trends influencing the market

Technological advancement in high-quality, durable, and reusable water bottles is an emerging trend influencing the market.

Manufacturers are experimenting with new materials, including borosilicate glass, which is more temperature resistant and durable than regular glass.

For instance, manufacturers such as Lifetime Brands Inc, Klean Kanteen, O2CooL LLC, and Nalge Nunc International Corp are upgrading their products by using new materials and manufacturing techniques.

Furthermore, another latest trend in the market is the inclusion of smart features in reusable water bottles, where they can monitor water quality, estimate hydration levels, and send reminders.

Hence, such trends boost market growth during the forecast period.

Major challenges hindering the market growth

The use of substandard plastic materials in reusable water bottles is a major challenge that may impede market growth.

These materials are a safety hazard and an immense economic challenge and the use of substandard plastic materials can undercut the sustainability benefits of reusable water bottles. Such products have a negative impact on the environment.

Additionally, substandard plastic is less durable than high-quality materials, which reduces its lifespan.

Hence, such challenges hinder the market growth of reusable water bottles during the forecast period.

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What are the key data covered in this Reusable Water Bottle Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the reusable water bottle market between 2023 and 2027

Precise estimation of the size of the reusable water bottle market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the reusable water bottle market across APAC, North America, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of reusable water bottle market vendors

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Reusable Water Bottle Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2023-2027

USD 1,930.24 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.54

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, India, Japan, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A. O. Smith Corp., Bulletin Brands Inc., Chillys Bottles Ltd., Cool Gear International LLC, Daylesford Organic Ltd., EZ GARD Industries Inc., Happy and Hydrated Ltd., HYDAWAY LLC, Klean Kanteen, Lifetime Brands Inc., Nalge Nunc International Corp., Newell Brands Inc., Nippon Sanso Holdings Co. Ltd., O2Cool LLC, Re Co. SA, SIGG Switzerland Bottles AG, The Clorox Co., The Ocean Bottle Ltd., Vista Outdoor Inc., and VOSS of Norway AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global reusable water bottle market 2017 - 2021

4.2 Distribution Channel Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Distribution Channel

6.1 Market segments

6.2 Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2022-2027

6.4 Online - Market size and forecast 2022-2027

6.5 Market opportunity by Distribution Channel

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Plastic - Market size and forecast 2022-2027

7.4 Metal - Market size and forecast 2022-2027

7.5 Silicone - Market size and forecast 2022-2027

7.6 Glass - Market size and forecast 2022-2027

7.7 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 India - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Japan - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 A. O. Smith Corp.

12.4 Bulletin Brands Inc.

12.5 Chillys Bottles Ltd.

12.6 Cool Gear International LLC

12.7 EZ GARD Industries Inc.

12.8 HYDAWAY LLC

12.9 Klean Kanteen

12.10 Lifetime Brands Inc.

12.11 Nalge Nunc International Corp.

12.12 Newell Brands Inc.

12.13 Nippon Sanso Holdings Co. Ltd.

12.14 O2Cool LLC

12.15 SIGG Switzerland Bottles AG

12.16 The Clorox Co.

12.17 Vista Outdoor Inc.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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