The global reusable water bottle market is estimated to grow at a CAGR of 4.5% during the forecast period (2022-2028).Reusable water bottle made of stainless steel and uses double wall insulation that, according to the brand, supports to keep the water cold for up to 24 hours. Owing to the environmental threats posed by the disposable water bottles made up of plastic, the global reusable water bottle market is anticipated to gain substantial traction in the forthcoming years. According to Plastic Europe, PP, PE-LD/PE-LLD, and PS+EPS variety of plastics are most commonly used for food packaging in Europe; PET plastic is used for beverage packaging. Thus, to stop the over use of plastic through single use plastic bottles, the shift towards reusable water bottle is likely to be noticed in the future years.
A full report of Global Reusable Water Bottle Market is available at: https://orionmarketreports.com/global-reusable-water-bottle-market/4084/
Adding to this, the growing penetration of e-commerce and the easy access to its channels have also surged the sale of reusable water bottles across the globe. For instance, according to the Executing Shopper Insights 2020 blog, in 2018, Amazon witnessed the highest sales of reusable water bottles with 14.9% of purchases being made from this channel in the UKwhile, 13.6% of consumers purchased from Tesco and 8.8% from ASDA.
Some key players operating in the market include Klean Kanteen Inc., Tupperware Brands Corp., and SIGG Switzerland AG, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, new product launches and developments in the existing product portfolio, and so on. For instance, in February 2021, Hydaway launched a new version of its collapsible bottle that fits in the pocket. It is available in two sizes of 25 ounces and 17 ounces and features a standard cap lid and a useful spout lid. The bottle is made from BPA-free plastic and silicone.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material Type
- By Distribution Channel
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: KleanKanteen Inc., Tupperware Brands Corp., and SIGG Switzerland AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Reusable Water Bottle Market Report by Segment
By Material Type
- Glass
- Plastic
- Stainless Steel
By Distribution Channel
- Supermarkets and Hypermarkets
- Online Retail
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