Reusable water bottle Market is expected to grow with a CAGR of XX% during the forecast period of 2018 to 2025.
Reusable water bottles are usually reused by the consumer for multiple times. The reusable water bottles are majorly utilized to carry liquid material such as water, health drinks, tea, cold drinks, and others from one place to another in a convenient manner, without any spillage. It has been inferred that there are wide variety of reusable water bottles available in the market with different material type, size, design, color, and shape. The easy obtainability, low costs, and suitability related to reusable water bottles has upsurged the demand for such water bottles. These bottles are available in varied color, sizes and designs. Reusable water bottle market is considered as an extremely differentiated market owing to the presence of a large number manufacturer along with vast a variety of the bottle products.
A drastic increase in the demand for reusable water bottles for sports and travel has strengthened the growth of the market over the last few years. Moreover, the affordable prices and versatile use of reusable water bottles has also helped the market to grow with impressive rate. In addition to this, change in consumer inclinations and lifestyle coupled with the improvement in the standard of living as a result of rise in disposable income, especially in the developing economies is anticipated to stimulate the growth of global reusable water bottle market during the forecast period. A continuous rise in the trend of online shopping can act as a future growth opportunity to the market. However, health concerns regarding the use of plastic bottles can impede the growth of reusable water bottle market. Numerous studies have confirmed that the regular use of reusable plastic bottles can create hormonal imbalance in the body, due to presence of chemicals such as Phthalates and BPA.
Market Determinants- Impact Analysis, (2016-2024)
The global reusable water bottle market is segmented on the basis of material type, distribution channel and geography. On the basis of material, the market is segmented into metal, glass, silicon and polymer. By distribution channel, the market is segmented into super market, departmental store, online store and others. Geographically, the market is bifurcated into North America, Europe, Asia-Pacific and Rest of World. Increasing migration of people from rural to urban areas and improving living standards will drive the growth of reusable water bottle market, especially in Asian countries such as China and India.
Some major market players are Klean Kanteen, Bulletin Bottle, Thermo Fisher Scientific Inc., Aquasana Inc., Sigg Switzerland AG, HYDAWAY, CamelBak Products LLC and Contigo.
GLOBAL REUSABLE BOTTLE MARKET SEGMENTATION
By Material Type
By Distribution Channel
• Departmental Store
• Online Store
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
Rest of World
• Latin America
• Middle East
KEY MARKET PLAYERS
• Klean Kanteen
• Bulletin Bottle
• Thermo Fisher Scientific Inc.
• Aquasana Inc.
• Sigg Switzerland AG
• CamelBak Products LLC