The global eco-friendly water bottle market is anticipated to grow at a CAGR of 4.5% during the forecast period. Governments across the globe are banning single-use plastics and to switch on reusable or degradable plastics. The initiatives by governments across the globe are propelling the growth of the market during the forecast period. For instance, in an article published by World Economic Forum (WEF) in July 2022, India imposed a ban on single-use plastics to tackle the country’s rapidly increasing levels of plastic pollution. The ban includes straws, cutlery, earbuds, packaging films, and cigarette packets, among other products. Further, the government decided to set up control rooms to check any illegal use, sale, and distribution of single-use plastic products.
Moreover, for instance, in June 2022, the US government banned single-use plastic in national parks. The government decided to phase out single-use plastic products on US public lands, including the vast network of American national parks, to stem the huge tide of plastic pollution that has extended almost across the globe. Additionally, the government will look to identify environmentally preferable alternatives to plastic bottles, packaging, and other products, such as compostable materials.
In Addition, in July 2021, European Union (EU) banned single-use plastics takes effect. The directive bans certain single-use plastics for which alternatives are available. The government also stated that by 2025, 77% of plastic bottles placed on the market must be recycled. By 2029, an amount equal to 90% must be recycled. In addition, design requirements for plastic bottles will be implemented: by 2025, and manufacturers must include at least 25% recycled plastic in their manufacture.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Material Type
- By Distribution Channel
- By Method Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aqua AF, Klean Kanteen, and Chilly’s Bottles Ltd., among others.
Eco-Friendly Water Bottle Market Report by Segment
By Material Type
- Glass
- Plastic
- Steel
- Others
By Distribution Channel
- Online
- Offline
By Method Type
- Recycled Content Packaging
- Degradable Packaging
- Reusable Packaging
A full Report of Eco-Friendly Water Bottle Market is Available @ https://www.omrglobal.com/industry-reports/eco-friendly-water-bottle-market
Eco-Friendly Water Bottle Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aquasana Inc.
- CamelBak Products, LLC
- Chilly’s Bottles Ltd.
- Contigo (Newell Brands)
- Frank Green
- Hydaway, LLC
- Hydro Flask
- Kinto Co. Ltd.
- Klean Kanteen
- Lifetime Brands, Inc.
- Nalgene (Thermo Fisher Scientific)
- Newell Brands
- Ocean Bottle
- SIGG Switzerland Bottles AG
- Tupperware Brands Corp.
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