Trusted Business Insights presents the Latest Study on Reusable Water Bottle Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Reusable Water Bottle Market
The global reusable water bottle market size was valued at USD 8.1 billion in 2018 and is expected to register a CAGR of 3.9% from 2019 to 2025. The growth of the market is attributed to an increase in demand for convenience products, rising threats to environment from non-decomposable waste bottles, and rising inclination of people towards a healthy lifestyle.
Improving living standards of people across the globe are leading to change in lifestyle. People are becoming more health conscious and are aware about the harmful effects of using non reusable bottles, thus driving the market. Moreover, increase in disposable income and use of convenience products has accelerated the growth of this market.
The global reusable water bottle market is gaining an increasing traction owing to a wide application across various industries. The food and beverage industry is also shifting towards the use of reusable type due the benefits of the materials such as recyclability, easy maintenance, and non-reactive, which also helps in expanding the products shelf life.
Government regulations and anti-plastic movement encourage the consumers to switch to disposable water bottles, thus encouraging the manufactures to develop environmental friendly products. Furthermore, development of disposable water bottle is restricted by various campaigns against their use. Some government initiatives are taken for the same such as UNICEF and Ministry of Education Maldives decided to provide reusable water bottle to all the first graders in Maldives.
The APAC region is the largest shareholder in the market due to presence of countries such as India and China, wherein the manufacturing is available at a cheap rate. Moreover, countries are witnessing significant growth due to increasing health awareness, rising disposable income, and high demand for reusable water bottle. The region largelycontributes to the market growth due to rapid urbanization and improved lifestyle in developing countries like India and China. Strong distribution network, increasing health awareness, and rise in disposable income are further propelling the demand for reusable water bottle globally.
Market Segmentation, Outlook & Viewpoint: Global Reusable Water Bottle Market
Material Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Distribution Channel Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Hypermarket & Supermarket
Key Players, Recent Developments & Regional Insights: Global Reusable Water Bottle Market
The market is segmented by material type into glass, metal, plastic, and silicone. The plastic held the largest share of 34.0% due to its low cost of manufacturing that gives the manufactures an advantage. The share will however be reduced due to the focus of industries on reducing the use of plastic. People are becoming aware about reducing the use of plastic, thus preferring other materials over plastic.
Silicone based reusable water bottles is expected to register a CAGR of 4.3% from 2019 to 2025. The segment is gaining popularity as the material has a wide range of benefits as compared to other materials. Heat resistant, chemically non- reactive, and safer for environment and health are some of the major benefits of using silicone based bottles than any other type.
Distribution Channel Insights
In 2018, the hypermarket and supermarket distribution channel held the largest share of 38.4% in 2018. This segment is popular owing to its benefits such as providing a wide variety of products and designs that influence the buying decision, availability of a store associate who helps them choose the right product, and instant buying of the product rather than waiting for it to get delivered as in case of online purchasing.
The online segment is expected to register the fastest CAGR of 4.2% over the forecast period. Rise in penetration of e-commerce and smart device, easy payment options, and discounts are the factors contributing to the growth of this segment. Moreover, option of personalised prints on the bottle and easy comparison of variety of products online is driving the segment. Increasing preference for online shopping is driving the manufacturers to offer their products through online channels to reach out to the vast consumer base.
Asia Pacific was the largest regional market, accounting a share of more than 30.0% in 2018 owing to presence of a large population, extensive use of reusable water bottle, and low cost of manufacturing in countries like India and China. The growth is expected to remain significant in the coming years due to economic growth and increase in disposable income.
Urbanization and change in lifestyle are other factors contributing to the market growth across the world. People are inclining towards a healthy lifestyle and are thinking towards a sustainable environment, thus preferring reusable water bottles over the ordinary disposable ones. Moreover, initiatives taken across the world to save the marine life from the harmful plastic disposed in the oceans are driving the market.
Reusable Water Bottle Market Share Insights
Leading players of the market include Tupperware Brands Corporation; SIGG Switzerland AG, GmbH; CAMELBAK PRODUCTS LLC; Nalge Nunc International Corp.; and Klean Kanteen Inc. Companies are focusing on strategic initiatives like collaborations, new product development, and attractive designs to gain a competitive advantage over others.
Companies are coming up with new designs and an option for customization to increase their sales. For modern consumers, carrying a good looking bottle is a symbol of status. This is encouraging the companies to go for collaborations and launch high end bottles. For instance, Swell and Swarovski together launched a bottle with over 6,000 crystals and a premium price.
Key Insights Covered: Global Reusable Water Bottle Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Reusable Water Bottle industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Reusable Water Bottle industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Reusable Water Bottle industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Reusable Water Bottle industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Reusable Water Bottle industry.
Research Methodology: Global Reusable Water Bottle Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Reusable Water Bottle Market Size, Share, Sector / Industry Report & Analysis, 2019-2025
This post was originally published on Space Market Research