Reusable Water Bottles Market Overview
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.
Due to the accumulation of plastic garbage in rivers, oceans, and streams and the release of pollutants into water bodies, the use of plastic bottles for more than 50 to 60 years has resulted in long-term ecological issues. Due to the increased demand for ecologically friendly items and health-related concerns, many conscientious customers have looked for ways to decrease their use of plastic.
Customers are switching from single-use plastic bottles to reusable water bottles to limit the amount of plastic used. In addition, the affordability of reusable water bottles has aided in the expansion of the business.
ChemView Consulting has analyzed that 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.
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.
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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)
Key Takeaways from the Reusable Water Bottles Market
- Based on the material type, 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
- Based on the distributional channel, 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.
- Based on the region, 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.
Competition Summary
Key companies covered in the market study 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.
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Report Key Highlights and Coverage
- 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 impact 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.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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