The global reusable water bottle market size was valued at USD 10.05 billion in 2023. The industry is expected to expand from USD 10.52 billion in 2024 to USD 15.61 billion by 2032, exhibiting a CAGR of 5.05% over the study period.
A reusable water bottle typically comprises sustainable and eco-friendly materials. This factor makes it ideal for repetitive deployment, aiding in the reduction of environmental pollution owing to disposable plastic bottles. The market expansion can be ascribed to the rising awareness pertaining to the environmental benefits of reusable bottles.
The COVID-19 pandemic led to a halt in supply chain and production due to an unprecedented impact on the global economy. Many challenges were posed by the pandemic for businesses across the globe, such as manufacturing, hindering the demand for the product and production capabilities, resulting in losses for retailers and manufacturers.
Fortune Business Insights™ provides this information in its research report, titled “Reusable Water Bottle Market, 2024-2032”.
Top Company in the Reusable Water Bottle Market
- Tupperware Brands Inc. (U.S.)
- Klean Kanteen (U.S.)
- SIGG Switzerland AG GmbH (Switzerland)
- Contigo (U.S.)
- Camelbak Products LLC (U.S.)
- Hydro Flask (U.S.)
- Thermos LLC (U.S.)
- Bulletin Brands LLC (U.S.)
- Hydaway (U.S.)
- Newell Brands (U.S.)
Browse Detail Summary For the Reusable Water Bottle Market:
https://www.fortunebusinessinsights.com/reusable-water-bottle-market-102574
Segmentation:
Plastic Segment Dominates Due to Its Cheaper Production
With respect to material type, the market is segregated into plastic, metal, glass, and others. The plastic segment holds the largest share in the market as it can be produced at a cheaper price.
Increasing Consumer Inclination toward Hypermarkets to Fuel the Offline Segment Expansion
In terms of distribution channel, the market is divided into online and offline. The offline segment witnesses the largest reusable water bottle market share due to growing consumer inclination toward hypermarkets and convenience stores.
From the regional perspective, the market is classified into South America, the Asia Pacific, North America, the Middle East & Africa, and Europe.
Report Coverage:
The market research report provides an in-depth analysis of the competitive strategies undertaken by leading players to stand out from the competition. Besides this, the significant factors driving the market growth have been mentioned in the report. Moreover, the report further encompasses detailed insights into the top trends, dominating segments, and key industry developments.
Drivers and Restraints:
Increasing Popularity of E-Commerce Shopping Platforms to Impel the Market Expansion
The reusable water bottle market growth is driven by a surge in the popularity of e-commerce shopping platforms. Attractive and sizable discounts are provided by online shopping platforms, which boost sales of the product through the e-commerce platform. There has been an increasing popularity of the e-commerce channels platforms after the COVID-19 pandemic.
Despite an expanding scope for the adoption of the product, the environmental concerns pertaining to plastic bottles may hamper the market growth.
Regional Insights:
Asia Pacific Accounted for the Largest Share Due to Enormous Raw Material Availability
The Asia Pacific market for reusable water bottle depicted the largest share in 2023. In terms of manufacturing, huge availability of raw materials such as glass and plastic, motivates the entry of new companies into emerging and potential Asian markets.
North America market for reusable water bottle witnesses a significant share owing to the surging demand for convenient reusable bottles made using recyclable raw materials such as steel or glass for sports.
Competitive Landscape:
Companies Deploy Mergers & Acquisition Strategies to Enhance their Position
The market of reusable water bottle is characterized by new product launches, including products manufactured by deploying recycled materials to meet the consumers’ increasing demand, are being emphasized by prominent companies in the market. Mergers & acquisitions strategies are also being focused on by leading players to strengthen their position while expanding their operations.
Key Industry Development:
November 2022: BMICO and Ocean Bottle partnered up to launch co-branded reusable bottles for use in shipping industry. It will help raise awareness and help support the removal of single-use plastic bottles from ships.
