Reusable Water Bottle Market Research Report Size, Share, Growth, Industry Forecast 2022-2029
The factors driving the growth of Reusable
Water Bottle Market includes emerging need to reduce the burden of plastics on
the landfills, rising awareness amongst consumers about the harmful effect of
non-reusable water bottles and increasing consumers inclination towards
adopting healthy lifestyles. According to the report published by Organization
for Economic Co-operation and Development (OECD), around 9% of the plastic is
recycled successfully, while 22% is mismanaged, growing focus on reducing the
use of plastics is expected to accelerate the Reusable Water Bottle Market
share in the approaching years. Moreover, Government regulations to
ban single-use plastics, rising popularity of reusable glass water bottles with
silicone sleeves and increasing demand for environment friendly sports bottle
by athletes, are some of the additional factors supplementing the Reusable
Water Bottle Market Growth. In addition, the increasing investments by
leading players on research and development, rise in the launch of innovative
products, growing adoption of advanced technologies by manufactures and rapid
urbanization, are further contributing to the market growth.
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However, the growth of Reusable Water
Bottle Market is hindered because many reusable plastics contain hormone which
disrupts chemicals such as Phthalates and BPA.
The leading players operating in the market
are Klean Kanteen, Contigo, HYDAWAY, LLC, Aquasana Inc., Tupperware, S’Well
Corporation, SIGG Switzerland AG, GmbH, Brita, CAMELBAK and Thermo Fisher
Scientific Inc., among others.
Based on Material, the Silicone segment is predicted to lead the market
during the forecast period
Silicone materials are more ocean-friendly
than plastic, can stand-up better against heat and lasts longer, are some of
the features responsible for the segment’s growth.
Based on Distribution Channel, the Hypermarket & Supermarket segment
is projected to capture the largest market share over the forecast period
Supermarkets offer wide range of reusable
water bottles, offer huge discounts to their customers, and provides free home
delivery services, are propelling the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to hold the
highest market share during the forecast period
Rising focus by manufacturers on developing
environment friendly solutions, easy availability of reusable water bottles at
the e-commerce platforms, increasing disposable incomes, rapid urbanization,
and high population growth rates, are some of the important factors augmenting
the Reusable Water Bottle Market size in Asia-Pacific region.
Market Segmentation
Segmentation by Material Type
·
Glass
·
Metal
·
Plastic
·
Silicone
Segmentation by Distribution Channel
·
Specialty Store
·
Hypermarket & Supermarket
·
Convenience Store
·
Online
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of
America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
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