The global collapsible water bottle market is on an upward trajectory, with an expected value of US$1,897.3 million by the end of 2022. Looking ahead to the forecast period from 2022 to 2032, the market is projected to exhibit a robust Compound Annual Growth Rate (CAGR) of 6.5%, reaching an estimated value of US$3,567.1 million. In the historical period from 2016 to 2021, the industry showed steady growth, with a value CAGR of 4.3%.
This market’s growth can be attributed to a significant shift in product manufacturing and packaging, focusing on enhancing customer convenience. Collapsible water bottles, designed for efficient water storage and portability through folding when empty, are gaining popularity due to their adaptability. As a result, the collapsible water bottle market is poised for substantial expansion between 2022 and 2032.
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North America Collapsible Water Bottle Market:
North America’s significance in the collapsible water bottle market is underpinned by its expansive population, high household incomes, and the presence of a plethora of brands in the sector. In 2022, North America secured the position of being the second-largest region, holding nearly 16% of the global market share, and there’s a growing indication that it could ascend to become the largest market, thanks to the mounting demands from environmentally-conscious millennials seeking sustainable alternatives.
The region is expected to sustain a steady Compound Annual Growth Rate (CAGR) during the forecast period, largely due to the rising number of individuals engaging in various outdoor activities. These activities drive the demand for collapsible water bottles, recognized as an eco-friendly substitute to single-use plastic bottles. This trend reflects a heightened awareness among consumers regarding the adverse environmental impacts of disposable mineral water bottles, particularly evident in the Outdoor Foundation’s Outdoor Participation Report, which states that approximately 150 million Americans participate in outdoor activities annually, with a participation rate of 48 percent.
Key Points:
1. Global collapsible water bottle market expected to reach $1,897.3 million by the end of 2022.
2. Projected CAGR of 6.5% from 2022 to 2032, reaching an estimated value of $3,567.1 million.
3. Market showed a steady growth with a 4.3% value CAGR during 2016-2021.
4. Shift in product manufacturing and packaging is driving market growth.
5. Collapsible water bottles, known for portability and adaptability, are set for significant expansion between 2022 and 2032.
Collapsible water bottles also have the advantages of being portable and freezer-friendly for ice-cold water. This kind of bottle is BPA-free and can tolerate boiling water. People who enjoy travelling, office professionals, and personal travellers are big fans of these collapsible water bottles. These foldable water bottles are being made by manufacturers to be as sturdy as their stainless or plastic equivalents.
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Collapsible Water Bottle Market Growth?
Due to their flexibility, some collapsible water bottles cannot be washed or used for drinking. Because they are still being developed, collapsible water bottles are more expensive than stainless steel ones.
The market for collapsible water bottles is seeing slow growth due to the government’s rigorous laws addressing the potentially harmful consequences of plastic use. In the short term, these elements are anticipated to support the growth of the market for collapsible water bottles.
Key Companies Profiled
- Vapur Inc.
- Hydrapak LLC
- inov-8
- Salomon SAS
- Ultimate Direction Inc.
- Lingxu International Trade Co. Ltd.
- Qimei Packaging Co., Ltd.
- T&T Plastic Hardware (Zhuhai) Co., Ltd.
- 4MO Plastic Co. Ltd. (Zhuhai)
- Reshine Imp. & Exp. Co. Ltd. etc.
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Key Segmentation:
By Material Type:
- HDPE
- LDPE
- PVC
- PP
- Other Collapsible Water Bottle Material Types
By Capacity:
- 250-500 ml
- 500-750 ml
- 750-1000 ml
- 1 litre & above
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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