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.
| Research Scope |
Details |
| Forecast period |
2022-2032 |
| 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 |
- Report Includes
Market Size Data
- Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
- Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
- Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
- Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
- Incremental dollar opportunity generated in the forecast period would be indicated
- Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted
Market Background
- Macroeconomic factors that impact the market developments
- Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
- Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
- Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
- Trade analysis and analysis of key supply and demand hubs
- Identification of hotbed opportunities existing in the market
- Porter’s and PEST analysis to understand the business environment of the geography
- Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth
Pricing Analysis
- Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
- Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
- Cost teardown analysis and key factors impacting pricing
Value Chain Analysis
- Country-wise list of raw material suppliers
- Raw material price trends and buyers’ sentiment
- Overview of Intelligent Sourcing Technique
- Raw material procurement requirements
- Vendor selection criteria
- Country-wise list of product manufacturers
- Country-wise list of distributors/traders
- Country-wise list of end-users
- End-Users/Customers consumption mapping
- Key End-Users/Customers client list
- Country-wise list of other key channel partners
- Average profitability margins
- Regional value chain dynamics
Competition Analysis
- Market shares and production capacities of key players
- Tier structure analysis of market
- Comprehensive competition dashboard representing the top 10-15 players in the market
- Individual company profiles of top 15 to 20 manufacturers
- Business Overview
- Product Portfolio
- Key Financials
- Recent Developments
- SWOT Analysis
- Strategies
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
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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.
