One area of the global consumer products industry that is expanding quickly is the reusable water bottles market. As customers become more environmentally conscious and the use of single-use plastic water bottles declines, there is a growing demand for reusable water bottles. Sales of reusable water bottles are projected to grow at a CAGR of 3.6 from $8.9 billion in 2022 to $12.7 billion in 2032.
The increased understanding of the effects of plastic waste on the environment is one of the major factors affecting the market for reusable water bottles. One-time use plastic water bottles are a significant source of plastic pollution, a contemporary environmental problem.
Because more people are becoming aware of this problem and looking for more environmentally friendly solutions, refillable water bottles can help reduce the quantity of plastic trash produced by the consumption of bottled water.
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Additionally stimulating the market is the growing acceptance of sustainable lifestyles. As consumers become more environmentally concerned, they are looking for products that support sustainable living and adhere to their principles. People who care about the environment are becoming more and more interested in reusable water bottles since they offer a useful and economical way to reduce plastic waste and promote sustainable living.
In addition, the sector is being driven by developments in material science and product design. Reusable water bottles are currently available in a wide range of designs and materials, such as stainless steel, glass, and BPA-free plastic. Because they are sturdy, light, and easy to clean, these products are more convenient and beneficial for everyday use.
Geographically, North America is expected to have the largest market for reusable water bottles because of the region’s high environmental consciousness and robust demand for eco-friendly goods. However, it is anticipated that the Asia Pacific region would have the quickest market growth due to the region’s rising acceptance of sustainable lifestyles and growing concern about plastic waste.
Overall, the market for reusable water bottles is expected to develop in the next years due to rising environmental awareness of the effects of plastic waste and rising adoption of sustainable lifestyles. The advantages of these products in reducing plastic waste and promoting sustainable living are expected to continue to drive their adoption across the consumer goods industry, despite some challenges the market faces, such as competition from inexpensive single-use plastic water bottles and the higher cost of reusable water bottles.
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Key Takeaways from Reusable Water Bottles Market
- Metal bottles are projected to be the top material type segment anticipated to expand at a CAGR of 4.1% owing to its ability to keep the beverage items hot or cold for a longer time.
- Hyper/Supermarket segment to lead the distribution channel segment of the reusable water bottles market which is projected to account for 35% of the market value share by the end of 2022.
- The hyper/supermarket segment is expected to lead the distribution channel segment of the reusable water bottle market, with a CAGR of 3.8%.
- By primary usage, the everyday segment is anticipated to expand at a CAGR of 4.0%.
- The primary usage segment is projected to create an incremental opportunity of US$ 2.3 Bn during 2022-2032. As the consumer carry their own bottles with them to the gym, office, or other places.
- The U.S. reusable water bottles market to have the highest market size of US$ 2,236 Million for 2032 with a sluggish CAGR of 3.3%.
- India is expected to lead with the highest CAGR of 5.1% during the forecast period, reaching US$ 991 Million by 2032.
- China is expected to have the second highest CAGR of 4.5% for 2032, reaching US$ 1183 million by 2032.
Reusable Water Bottles Market Landscape
CAMELBAK PRODUCTS LLC, Klean Kanteen, Inc., AptarGroup, Inc., BRITA GmbH, HYDAWAY and SIGG Switzerland AG are the key players operating in the global reusable water bottles market. Also, some of the noticeable players operating in reusable water bottles are Contigo, AQUASANA, INC, Thermos L.L.C., Nalge Nunc International Corp, Petainer Ltd., Tupperware Brands Corporation, Bulletin Bottle, BIDONEX, Alpha Packaging, S’Well Corporation, Emsa GmbH, and others.
Some companies, such as Newell Brands and Nalge Nunc International Corporation, are also working with film studios such as Marvel and Disney to gain publicity or promote their recycled water bottles.
Klean Kanteen is a company that sells reusable water bottles and is well-known for its Climate Neutral Certified products. Manufacturers of reusable water bottles are taking cues from such innovations to create BPA-free and dishwasher-safe bottles.
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Reusable Water Bottles Market by Category
By Material Type, Reusable Water Bottles Market is Segmented as:
- Glass
- Metal
- Polymer
- Silicone
By Distribution Channel, Reusable Water Bottles Market is Segmented as:
- Hyper/Supermarkets
- Independent Stores
- Online Sales
- Others
By Primary Usage, Reusable Water Bottles Market is Segmented as:
- Everyday
- Sports
- Travel
- Others
By Region, Reusable Water Bottles Market is Segmented as:
- North America
- Latin America
- Europe
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