The global sports bottle market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing participation in various sports disciplines such as cricket, golf, and others is anticipated to support the growth of the global sports bottle market. According to the data published by National Gold Foundation, Approximately 24.8 million people played golf in the US in 2020. Also, nearly 37.5 million people in the US played golf in 2021. Out of these 25 million people played on a golf course and 12.4 million participated in off-course golf activities at places like indoor golf simulators, driving ranges, or golf entertainment venues. The number of rounds played in 2021 was up 16.1% compared to 2020. In addition, one out of every three Americans aged 6 years and above, played golf on the course or off course, followed golf on television, or listened to a golf-related podcast in 2021. Moreover, 25.0% of on-course golfers are women. Females represent a higher percentage of beginners (37.0%), juniors (36.0%), and of- course participants (44.0%). In addition, the Australia Cricket Census 2020 report stated that, approximately 709,957 participants registered in various programs, including club cricket, indoor cricket, and organized school competitions. Moreover, the Woolworths Cricket Blast participation increased to 59,300 participants, junior Club Cricket grew to 8,500 in teams for boys aged 12 and under and female participants grew to 76,400, registering an increase of 11.4% from 2019.
Looking toward the demand for sports bottles, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Nothirst launched Upright, an environmentally friendly sports bottle. The Upright is designed with an angled bottleneck that enables the cyclist to hydrate safely without compromising on their speed and performance. Thus, the uniquely designed sports bottle eliminated the need to tilt the body while taking sips.
Further, in December 2021, Lifefactory (Thermos LLC) launched a new range of steel tumblers and sports bottles with an aim to expand into the beverage category. The sports bottles and tumblers are equipped with vacuum insulation technology to keep drinks cold and warm. The sports bottle also features easy-grip powder coatings and a silicone base to assist prevent slips. The sports bottles are available in 16oz, 20oz, and 32oz capacities. Thus, such launches are anticipated to drive the growth of the global sports bottle market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Thermos LLC, Tupperware, and SIGG Switzerland Bottles AG among others
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Global Sports Bottles Market Report by Segment
By Type
Stainless Steel Sport Bottle
Plastic Sport Bottle
Aluminum Sport Bottle
Others
By Application
- Daily Life
- Outings
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 has 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 players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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