Global Reusable water bottle market

Reusable Water Bottle Market Size, Share, Growth Analysis, By Product type(Plain Reusable Water Bottles, Insulated Reusable Water Bottles), By Material type(Glass, Stainless Steel), By Distribution channel(Direct Sales, Supermarkets/Hypermarkets), By Primary usage(Everyday Reusable Water Bottles, Sports Reusable Water Bottles), By Size(8-12 oz. Reusable Water Bottles, 16-27 oz. Reusable Water Bottles) - Industry Forecast 2024-2031

Report ID: SQSG15G2011 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 158 | Figures: 78

Reusable Water Bottle Market News

  • MOO Inc., a digital print and design company, launched the MOO Water Bottle in September 2021 to help them extend the brand into the premium category. The company distributes its water bottle line throughout the United States, which comes in a variety of distinct colors and offers a plethora of branding options.
  • CamelBak packaging manufacturing company developed a new product MultiBev, which is considered a 2-in-1 vessel, in July 2020. This set includes a water bottle as well as a travel cup with a silicone lid. This type of water bottle is gaining popularity among consumers because it improves the user experience in terms of convenience and versatility for everyday use.
  • Hydaway released a new version of its collapsible bottle that fits in the pocket in February 2021. It comes in two sizes: 25 ounces and 17 ounces, and it has a standard cap lid as well as a handy spout lid. The bottle is made of silicone and BPA-free plastic.
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Reusable Water Bottle Market size was valued at USD 8.54 billion in 2019 and is poised to grow from USD 8.92 billion in 2023 to USD 12.72 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

The reusable water bottle market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Thermos LLC', 'Tupperware Brands Corporation', 'SIGG Switzerland AG', 'Nalgene Outdoor Products', 'Brita GmbH', 'Klean Kanteen, Inc.', 'CamelBak Products, LLC', 'Contigo USA', 'S'well Bottle', 'HYDAWAY', 'Zojirushi America Corporation', 'Aquasana Inc.', 'Platypus hydration products', 'Bobble', 'Avex', 'Lifefactory', 'MiiR', 'Ello Products LLC', 'Lock&Lock', 'GSI Outdoors.'

Plastic bottle use over the last 50-60 years has resulted in long-term ecological problems in the form of plastic waste collected in rivers, oceans, and streams, as well as toxins leaking into water bodies. As a result, many conscientious consumers have looked for ways to reduce plastic consumption for both environmental and health reasons, as well as growing demand for environmentally friendly products. To reduce their use of plastic, consumers are abandoning single-use plastic bottles in favour of reusable water bottles. Aside from that, the low cost of reusable water bottles has contributed to market growth.

The growing public awareness of the environmental pollution caused by disposable water bottles is expected to fuel the growth of reusable water bottles. The serious environmental problems associated with single-use and non-disposable water bottles are driving demand for reusable water bottles. Many people all over the world are using these reusable water bottles in offices, schools, colleges, and homes because of their growing desire to live a healthy lifestyle. Reusable water bottles aid in the prevention of landfills, which are a major source of land/soil and groundwater pollution.

Based on region reusable water bottle market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Over the forecast period, the Asia Pacific reusable water bottle market is expected to account for a significant revenue share. The major contributors in this region are China, India, and Japan. Factors such as rising public awareness of rising environmental concerns as a result of long-term use of single-use plastic bottles, a rapidly expanding population, and rising adoption of zero plastic and sustainable reusable water bottles are driving market growth. Furthermore, rapid urbanization, rising per capita income, increased awareness of the importance of staying hydrated, and increased efforts by public and private organizations to reduce single-use plastic while conserving marine life and promoting reusable water bottles are driving market growth in Asia Pacific.

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Global Reusable water bottle market

Product ID: SQSG15G2011

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