Reusable Water Bottles Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

The reusable water bottles market for the historical period of 2016-2019 and forecast period of 2020-2027, the increasing demand for food, beverages, and consumer packaging is estimated to drive the growth of the market. Globally, the reusable water bottles market is estimated at US$ 8 Bn in 2019 and is anticipated to register a CAGR of 4% during the forecast period 2020 to 2027.

The steady rate of growth can be pegged to the inability of several industries to boycott the use of plastic products. The total value of the global reusable water bottles market is expected to touch US$ 1.1 Bn by the end of the forecast period. Growing demand for reusable water bottles in the sports sector has helped in driving sales across the market. Besides, stipulation of strict environmental policies across several countries has also aided market growth.

The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The demand within the global reusable water bottles market is treading along an upward trajectory in recent times. The need for fostering sustainable practices across leading industries has brought reusable water bottles under the spotlight of attention. Moreover, the energy sector has made emphatic claims about the need for using recyclable, reusable, and environment-friendly products. The growing concerns of the energy sector about a potential environmental crisis has led them to take bold steps towards sustainability. International bodies for managing climate change and environmental damage have sent clarion calls for a change in lifestyles. All of the aforementioned factors have driven sales across the global reusable water bottles market.

Development of Green Standards across Key Industries

Use of plastic bottles is gradually running out of practice across several territories. There is growing relevance of reusable bottles and containers, especially across the residential and commercial sector. Besides, international bodies have initiated awareness campaigns about the ills of using plastic bottles. Therefore, the global reusable water bottles market has gained momentum over the past few years. The large brigade of environment activists has propagated green standards across multiple industries. This factor shall help manufacturers of reusable water bottles in increasing their profit margins in the times to follow.

Corporate Social Responsibility (CSR) Initiatives

Use of paper and other reusable materials has helped large companies in establishing their responsiveness towards managing environmental degradation. Moreover, several companies have drifted away from using plastic bottles and containers as a part of their corporate social responsibility. Henceforth, the corporate industry is making ardent efforts towards popularising the use reusable water bottles. Small companies are quick to draw inspiration from larger firms, especially when the latter introduces new CSR strategies. As large firms embrace the use of reusable water bottles, smaller firms are expected to follow suit. Moreover, growing sophistication across the corporate sector shall also pave way for the inflow of fresh revenues in the market.

Asia Pacific to Dominate Reusable Water Bottles Market

• Asia Pacific accounts for approximately one third of the total share in the global reusable water bottles market, attributable to the rising population and increasing expenditure on hygiene and health in this region.
• In many other regions of the globe including North America and Europe, reusable water bottles are favored over plastic bottled water. The rapid adoption of online sales and marketing helps brand owners to increase their trades for reusable water bottles in the Asia Pacific region.
• Recently, there has been a noticeable rise in the use of reusable water bottles by most the corporate and fitness companies in Asia Pacific. Companies are restricting the use of the bottled water on their premises. This offers lucrative prospects to manufacturers, who can gain significant profits by catering to the growing demand for reusable water bottles from these institutions.

Competition Landscape

• The global reusable water bottles market is highly fragmented. Service providers in the reusable water bottles market are focusing on acquisitions and mergers to expand their presence across the globe. Some key players operating in the global reusable water bottles market are
• CamelBak Products
  • LLC
  • BRITA GmbH
  • Klean Kanteen, Inc.
  • Tupperware Brands Corporation
  • Contigo
  • SIGG Switzerland AG
  • Aquasana, Inc.
  • Bulletin Brands, Inc.
  • Thermos L.L.C.
  • Nalge Nunc International Corp
  • S-Well Corporation
  • O2COOL LLC
  • Nathan SportsInc.
  • Cool Gear International LLC USA, Inc.

Segmentation

Material Type

• Glass
• Metal
• Polymer
• Silicone

Distribution Network

• Hyper/Supermarkets
• Independent Stores
• Online Sales
• Others

Primary Usage

• Everyday
• Sports
• Travel
• Others

Region

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Europe
  • BENELUX
  • France
  • Germany
  • Italy
  • Russia
  • Spain
  • U.K.
  • Rest of Europe
• Asia Pacific
  • ASEAN
  • Australia & New Zealand
  • China
  • India
  • Japan
  • Rest of APAC
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa