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Reusable Water Bottles Market Growth Analysis With Key Players 2019-2027

reusable water bottles market growth analysis with key players 2019 2027

Reusable Water Bottl

iCrowdNewswire   Feb 2, 2021  11:23 AM ET

The market for reusable water bottles was valued at US$8.64 billion in 2018 and is expected to grow at CAGR by 4.3 per cent during the forecast period from 2019 to 2027.

Market Insights

Growing health awareness coupled with stringnent government regulations for reusable material will upgrade the market growth during the forecast period

Reusable water bottles are widely used for drinks such as juices, drinks, tea and are also used when traveling from one place to another. The growing use of reusable water bottles globally, due to its features, designs, material, size and shape, will drive market growth. In addition, the increasing need and trend for online shopping, the increasing use of social networking and related facilities is likely to boost the market for reusable bottled water in the projected years. Moreover, rising disposable incomes, increasing migration from rural to urban areas and changing lifestyles are expected to fuel market revenues for global reusable water bottles, primarily for developing countries such as Indonesia, India and China. The availability of stylish, colorful, fashionable and trendy bottles of water will increase demand for reusable bottles of water over the forecast period.

In recent years, technological advances have significantly increased the acceptance of smart water bottles by increasing consumer preferences for consumer goods. These factors are likely to boost global demand for reusable water bottles. In addition, increasing consumer awareness of health issues and increasing digitalisation in the healthcare sector will significantly increase the use of bottles.

Determining the effect of Covid-19 on the outlook of demand for reusable water bottles would be premature. The global pandemic, however, has put several roadblocks in place for prosperous growth in the global reusable water bottle market. Governments around the world have advocated the safety and well-being of their people, and most of the sales of retail and consumer goods have suffered a setback. Reusable water bottles, which are ‘non-essential,’ face some backlash in this respect. The movement of reusable water bottles from one channel node to another remains restricted due to a lack of vehicles, a lack of manpower and a variety of state laws to curb the global pandemic.

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Sales Channel Analysis

Introduction of e-commerce platform along with presence of top manufacturers will drive the demand for supermarket/hypermarket globally

The market share of the supermarket and hypermarket channel in 2018 is around 42%, due to the variability of its products, which stimulates the purchasing capacity of consumers, the presence of store associates and instant purchasing power. In addition, increased penetration of smart devices and e-commerce platforms, a tranquil payment system, and discounts from a number of competitors are likely to drive the market for reusable water bottles in the coming years. Growing preference for personalized selection, coupled with easy comparison of the variety of products, is shaking the market in order to meet the demand of the consumer base over the forecast period. For instance, in February 2018, PepsiCo unveiled its brand new 20-ounce reusable water bottle comes with flavor pods which will offers a healthier substitute to soda.

Key Industry Development:

  • In August 2019, LARQ have developed a self cleaning water bottle integrated with advanced technology “UV-C Led” in order to deliver pure water with just 60 seconds. This bottle offers a wide scale of application in work commute, gym, outdoor activities, and capable of handling bumps of bruises.
  • In November 2019, Hidrate a company involved in daily monitoring health and wellness habits, offering its consumers with three new brand of “HidrateSpark 3” water bottles. This bottles are equipped with innovations & technology which the hydration and numerous issues associated with cronic health issues.
  • In June 2018, an European start-up company Keego has developed an innovative, new squeezable and reusauble water bottle which are made up of elastic metal.
  • In November 2019, Loop Industries, Inc. a technology provider firm have jointly entered into a supply agreement with L’OCCITANE en Provence, a global retailer & manufacturer for natural beauty products. This agreement will enhance the transition to 100% sustainable plastic products.

Key Market Movements:

• Globally, the reusable water bottles market market is rising at a CAGR of 4.3% for the estimated period from 2019 to 2027.
• Asia Pacific has the largest market share for reusable water bottles on the market over the forecast period. Moreover, rapidly changing demographics, growing preferences for super and hyper markets from emerging countries like China, Japan, and India will increase market growth across the region.
• Over the next few years, Europe, Latin America, and the Middle East and Africa are likely to see a significant increase in the market for reusable water bottles between 2019 and 2027. Strong growth towards the latest technological improvement, an increasing number of nutritional industries and a growing urabinisation will drive market growth.
• However, increasing preference for convenient and reusable plastic bottles, growing penetration of IT in healthcare industry, and higher inclination towards numerous health issues across the regions will drive the overall demand.

List of Companies Covered:

• S’Well Corporation
• Tupperware Brands Corporation
• Nalge Nunc International Corporation
• Thermos LLC
• Camelbak Products LLC
• Nathan Sports, Inc.
• Klean Kanteen, Inc.
• Cool Gear International LLC
• Bulletin Bottle
• Thermo Fisher Scientific Inc.
• Sigg Switzerland AG
• Contigo
• Klean Kanteen, Inc.

Key questions answered in this report

  • What are the current market trends and dynamics in the reusable water bottles market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which type segment holds a larger market share and why?
  • Are low and middle-income economies investing in the reusable water bottles market?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

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Table Of Content:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Reusable Water Bottles (RWB) Market
2.2. Global RWB Market, by Material Type, 2018 (US$ Bn)
2.3. Global RWB Market, by Usage Type, 2018 (US$ Bn)
2.4. Global RWB Market, by Sales Channel, 2018 (US$ Bn)
2.5. Global RWB Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global RWB Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Reusable Water Bottles (RWB) Market, by Material Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Polymer
4.3. Metal
4.4. Glass
4.5. Silicon

5. Global Reusable Water Bottles (RWB) Market, by Usage Type, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Daily Use
5.3. Sports
5.4. Travel

6. Global Reusable Water Bottles (RWB) Market, by Sales Channel, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Hypermarket/Supermarket
6.3. Online Store
6.4. Others

7. North America Reusable Water Bottles (RWB) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America RWB Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America RWB Market Value, By Material Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America RWB Market Value, By Usage Type, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America RWB Market Value, By Sales Channel, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America RWB Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Reusable Water Bottles (RWB) Market Analysis, 2017-2027 (US$ Bn)

9. Asia Pacific Reusable Water Bottles (RWB) Market Analysis, 2017-2027 (US$ Bn)

10. Rest of the World Reusable Water Bottles (RWB) Market Analysis, 2017-2027 (US$ Bn)

11. Company Profiles

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