Reusable Water Bottles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Reusable Water Bottles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2021 | Chemical & Materials

Report Digest

Global Reusable Water Bottles Market: Overview

As compared to bottled water, the reusable water bottles are preferred more for the hydration purposes in several parts of the world. Such preference is primarily owing to eco-friendly and refillable properties of the reusable water bottles. The global reusable water bottles market is likely to witness substantial growth over the timeframe of forecast.

The global reusable water bottles market has been segmented on the basis of material type, distribution channel, and region. The sole purpose of this study is to provide a deep insight into the market.

Global Reusable Water Bottles Market: Notable Developments

The global reusable water bottles market has come across many developments over the last few years. These market developments suggest a trend and give an idea about the growth factors of the global reusable water bottles market. One of many such development is mentioned below:

  • In November 2018, Middleton Partners owned Maurice Sporting Goods has made acquisition of Chicago-based O2COOL, LLC. The latter manufactures outdoor accessories, water-cooling hydration bottles, and portable fans. Following this acquisition, Middleton Partners is planning to make use of the synergies of O2COOL, LLC and expand its product portfolio.

Some of the key market players of the global reusable water bottles market are

  • Nalge Nunc International Corporation
  • Camelbak Products, LLC
  • Tupperware Brands Corporation
  • Thermos L.L.C.
  • Zhejiang Haers Vacuum Containers Co. Ltd.
  • Newell Brands

Global Reusable Water Bottles Market: Growth Drivers

Increased Need to Reduce Carbon Footprint in the Environment Bolsters its Demand

The global reusable water bottles market is likely to prosper on the back of the initiatives taken to save the planet from the harmful effects plastic. As per an estimation, a reusable water bottle needs to be used on an average of 80 times before obtaining a carbon footprint that is lower than that of single use ones.        

The global reusable water bottles market is also impacted by the hectic lifestyle of the people. In addition, rapid urbanization is another significant factor of growth for the market in the years to come. Consumers are slowly shifting away from the traditional water bottles and are taking up smart reusable bottles. These smart bottles not only quench thirst for water but also are easy to carry. The reasons for the popularity of such water bottles lie in the smart features of those reusable water bottles. The bottles track the daily intake of water and it also remind consumers to drink water. As such,  reusable bottles with smart features are gaining traction amongst the young working class. Health consciousness coupled with convenience is likely to drive the global reusable water bottles market in years to come.

On the other hand, the global reusable water bottles market is anticipated to be impeded by the high prices of these bottles.

Global Reusable Water Bottles Market: Regional Outlook

In terms of region, the global reusable water bottles market is split into the major regions of Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. Asia Pacific is likely to emerge as one of the leading segments of the global reusable water bottles market. Presence of a large pool of young working class together with rising disposable income is likely to propel growth of the regional market in the years to come.

The global reusable water bottles market is segmented as:

Material Type

  • Plastic
  • Silicone

Distribution Channel

  • Hypermarket and Supermarket
  • Online

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?