The global reusable water bottle market size was valued at USD 8.38 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The increasing threat of plastic pollution, coupled with the severe environmental consequences of single-use and non-disposable water bottles, is propelling the demand for reusable bottles. Consumers across the globe are increasingly opting for reusable water bottles in workplaces, colleges, schools, and homes owing to a shift in preference toward a healthier lifestyle.
Reusable plastic water bottles are the most widely accepted alternative for their counterparts made from single-use plastic. Manufacturers are increasingly offering these materials with a BPA-free tag. BPA stands for Bisphenol A, a chemical compound that can cause cancer. Furthermore, there is an increasing shift in consumer preference towards glass and stainless steel water bottles owing to their health benefits. Glass bottles are primarily contamination-free even after several washes as the material doesn’t degrade even after extensive use.
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Key Player Mentioned:
· Tupperware Brands Corporation
· SIGG Switzerland AG, GmbH
· CAMELBAK PRODUCTS LLC
· Nalge Nunc International Corp.
· Klean Kanteen Inc.
Product Segment Analysis:
· Glass
· Stainless Steel
· Plastic
· Silicone
· Others
Application Segment Analysis:
· Specialty Stores
· Hypermarkets & Supermarkets
· Convenience Stores
· Online
Regional Segment Analysis:
North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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The growing consumption of single-use water bottles leads to these bottles ending up getting dumped in a garbage pit. As per the Container Recycling Institute, every day more than 60 million plastic bottles are thrown away in the U.S. alone. Only a few of them reach the recycling center and millions are littered on streets, waterways, and public places. This, in turn, is not only polluting the environment but also threatening our aquatic animals.
Companies are focusing on strategic initiatives, such as collaborations, new product development, and attractive designs, to gain a competitive advantage over other players. They are coming up with new designs and an option for customization to increase their sales. For modern consumers, carrying a good looking bottle is a symbol of status. This is encouraging the companies to go for collaborations and launch high-end bottles. For instance, S’well and Swarovski together launched a bottle with over 6,000 crystals and a premium price.
The study objectives of this report are:
· To research global status, future forecasts, growth opportunities, key markets and key players.
· To present the market development in us, Europe and China.
· To strategically profile the key players and comprehensively analyze their development plan and methods.
Key aspects covered in the report include:
1.The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Reusable Water Bottle market in the forecast period 2021-2028
3. Key companies operating in the global Reusable Water Bottle market and their market share
4. The Factors that are estimated to drive the Reusable Water Bottle Market growth
5. Key opportunities in the Reusable Water Bottle market
6. Key technological advancements and market trends that shape the market
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
According to this study, over the next five years the Reusable Water Bottle market will register a 6.9% CAGR in terms of revenue, the global market size will reach US$ 326 million by 2024, from US$ 233.9 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Reusable Water Bottle business, shared in Chapter 3.The representative players in France market is Thermos, PMI, Tupperware, SIGG, Klean Kanteen.
The local players such as Gobilab has a great development potential.In the coming years there is an increasing demand for Reusable Water Bottle in France, for environment projection etc factors.The price of Reusable Water Bottle differs from company to company, e.g.
The price is increasing in general, for the raw material price and labor cost increasing.The development space in France is huge and full of business opportunities.
There are many enterprises can obtain considerable profit form the manufacturing and marketing of Reusable Water Bottle and that is the reason that we believe there will also be more and more enterprises enter this market whether the local or foreign.
But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.This report presents a comprehensive overview, market shares, and growth opportunities of Reusable Water Bottle market by product type, application, key manufacturers and key regions and countries.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3265085 The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
Reusable water bottles are mainly used to carry liquid material or water from one place to another.
Food and beverages industries use these bottles in case of sold liquid products such as health drinks, cold drinks, tea, juices, water, and many others.
However, the market for reusable water bottles is expanding worldwide in terms of materials, designs, size, features, and shape.The use of reusable water bottle will rapidly grow in the near future owing to online shopping trends and easy availability.
Cut throat competition enables companies to reduce prices remarkably results in increasing demand for reusable water bottles.
The reusable water bottles come in the variety of designs, features, shape, size, and material drives the market in near future.
Stringent government regulations over recycling of material may hamper the market growth in future.Request a Report Sample with Toc and figures to click here: http://marketgrowthanalysis.com/reports/sample/258Reusable Water Bottles Market ClassificationGlobal Reusable Water Bottles Market by Material TypeGlassMetalPolymerSiliconeGlobal Reusable Water Bottles Market by Distribution NetworkHyper/SupermarketsIndependent StoresOnline SalesOthersGlobal Reusable Water Bottles Market by Primary UsageEverydaySportsTravelOthersRequest for enquiry on This Report at: http://marketgrowthanalysis.com/reports/enquiry/258Global Reusable Water Bottles Market by RegionNorth AmericaLatin AmericaEuropeAsia PacificMiddle East & AfricaAsia Pacific was the largest regional market, accounting a share of more than 30.0% in 2018 owing to presence of a large population, extensive use of reusable water bottle, and low cost of manufacturing in countries like India and China.
