Smart Water Bottle Market Booms: Driven by Rising Incomes, Tech Integration, and Rapid Adoption With CAGR of 10.9% by 2033

In 2022, the market for smart water bottles was valued at USD 31,229.9 million. The market for such interactive vessels is expanding as more sports fans choose equipment that improves their training. By 2033, sales are expected to be valued at USD 96,755 million, anticipated to incline at a CAGR of 10.9%.

The increase in disposable income, the capacity to produce items having embedded technology, and also a relatively quick acceptance of innovations, are significant industry growth factors. Expanded technological advancements in manufacturing processes and expanded market-based research and development initiatives will create new opportunities for the market for smart water bottles throughout the period covered by the estimate.

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IoT is being used by many industries to create user-friendly and intelligent devices. The Internet of Things (IoT) connects intelligent devices to other smart objects to allow for one-to-one communication. IoT technologies connect consumers and product designers to gather use real-time data. Smart bottles with measurements utilize IoT technology to link with smart devices and applications to gather various consumption patterns.

The demand for smart bottles created to help users keep track of their water consumption is being fueled by the growing awareness of various medical conditions experienced by people of all ages as a result of dehydration, which results in fuzzy thinking, changes in mood, a rise in body heat, and various other health complications.

In order to expand their presence, market participants place a strong emphasis on offering cutting-edge features and designs that provide customers with quality experiences at competitive prices. Companies are using eco-friendly manufacturing techniques to produce smart water bottles in accordance with regional governments’ guidelines.

Key Takeaways From The Smart Water Bottle Market Study

• From 2018 to 2022, the worldwide market for smart water bottles saw a CAGR of 8.2%.
• The metal type segment is anticipated to hold 37.8% of the market in 2022 in terms of type.
• According to FMI, smart bottle sales will peak in 2023 and range in price from $20 to $40.
• From 2023 to 2033, China’s smart water bottle market is anticipated to grow at a 13.4% CAGR.
• With a 24.7% market share in 2022, the United States is anticipated to dominate the market for smart water bottles in North America.

Who is Winning?

Leading manufacturers of smart water bottle are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales of smart water bottle globally.

Some of the companies operating in the smart water bottle market are

• Caktus, Inc.
• Ecomo
• Groking Lab, Ltd.
• Hidrate, Inc.
• Open-2
• Moikit
• Thermos, LLC
• Trago, Inc.
• Hydra Coach, Inc.
• Lifefuels, Inc.

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Some of the products being launched by the key players are:

• In 2021, Aptar Food + Beverage partnered with REBO to launch a Smart Reusable Water Bottle that uses technology to help people stay hydrated, while helping to collect tossed away plastic bottles that end up in the environment.
• In 2021, Botell launched a next generation of water bottles featuring a glowing flashlight to remind the user to drink and it keeps track of how much more water is needed to stay hydrated throughout the day.
• A three-in-one filter that is fitted in the flask has been added by Ecomo, a producer of hydration solutions, in addition to the hydration monitoring sensor band. Over the projected period, it is predicted that the interactive water bottles’ innovative features will drive industry growth.