Rockville , Sept. 18, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, Reusable Water Bottle Market is anticipated to climb at a CAGR of 3.9% and should reach US $13.5 Billion by 2033.
Reusable water bottles are sturdy containers designed for multiple uses, typically made from materials like stainless steel or safe plastics. They're an eco-friendly choice, significantly reducing plastic waste compared to single-use bottles. While they may cost a bit more initially, they save money in the long run and are built to last. Reusable bottles also come in various styles and sizes, allowing for personalization. They're convenient, often spill-resistant, and can keep drinks cold or hot for longer periods.
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The expansion of the reusable water bottles market is primarily driven by increasing awareness of environmental sustainability. As more consumers recognize the detrimental impact of single-use plastics on the environment, there is a heightened demand for eco-friendly alternatives. Additionally, the cost-effectiveness of reusable bottles over time and the availability of a wide range of stylish and customizable options contribute to the market's growth.
| Report Attributes | Details |
| Value Projection (2033) | US$ 13.5 Billion |
| Growth Rate (2023-2033) | 3.9% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 306 Tables |
| No. of Figures | 475 Figures |
Key Takeaways:
- The US Reusable water bottle market is expected to witness a CAGR of 4.4% during the forecast period.
- The polymer segment is expected to account for 30% of the global market.
- Low recycling of plastic waste is expected to offer lucrative opportunities for reusable water bottle suppliers in Japan.
- Infact, In April 2022, Japanese government enforced a law that aimed at reducing the usage of plastic products.
- Metal reusable water bottles such as aluminum water bottles are expected to witness a growth of 4.3% CAGR during the forecast period.
Increasing environmental awareness and concern about plastic waste, the cost-effectiveness they offer for consumers, and the growing demand for customizable and stylish hydration options are the factors contributing to the growth of the market - Says FACTMR Expert
Key Companies Profiled in This Report
- Nalge Nunc International Corp.
- CAMELBAK PRODUCTS LLC
- AQUASANA INC
- Thermos L.L.C.
- Petainer Ltd.
- BRITA GmbH
- Emsa GmbH
- SIGG Switzerland AG
- Be-Active Bottles
- Tupperware Brands Corporation
- HYDAWAY
- Contigo
- Bulletin Bottle
- AptarGroup Inc.
- Klean Kanteen Inc.
- BIDONEX
- Alpha Packaging
- BLUEWATER
- S’Well Corporation
Market Competition
Competition in the reusable water bottle market is intense and driven by several key factors. Firstly, there is a growing consumer awareness and preference for sustainable, eco-friendly alternatives to single-use plastics. This has led to a surge in new entrants and established players vying for market share.
- In June 2021, Aptar Food + Beverage revealed a collaboration with REBO, a firm specializing in reusable water bottles, to create a smart reusable water bottle incorporating Bluetooth technology.
- This innovative bottle is designed to assist consumers in maintaining proper hydration levels by synchronizing with a personalized hydration app that monitors individual health goals.
Winning strategies
- To succeed in the industry, prominent companies should create a unique and memorable brand identity that connects with their target customers. This means having a recognizable logo, consistent messaging, and a compelling value proposition.
- Moreover, companies should emphasize the durability of their bottles, the health benefits of their materials, and the positive environmental impact of using their products. It's crucial to understand the needs and preferences of their target audience and tailor their messages accordingly.
- Prominent companies should prioritize user-friendly design. This means creating bottles that are easy to clean, with wide openings and detachable parts.
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Segments of Reusable Water Bottle Industry Research Report
- By Material Type:
- Glass
- Metals
- Polymers
- Silicone
- By Product Type:
- Filtered
- Plain
- Infuser
- Collapsible
- Insulated
- Growlers
- Other Types
- By Primary Usage:
- Everyday
- Sports
- Travel
- Other Utilities
- By Size:
- 8-12 Oz
- 16-27 Oz
- 32 Oz
- 40 Oz
- 64 Oz
- 1 Gallon and Above
- By Sales Channel:
- Supermarkets/Hypermarkets
- Independent Stores
- e-Commerce
- Other Channels
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Reusable Water Bottle Market, presenting forecast statistics for the period of 2023-2033.
Reusable Water Bottle Market Analysis By Product Type (Plain, Insulated, Filtered, Collapsible, Infuser, Growlers), By Material Type (Polymers, Metals, Glass, Silicone), By Primary Usage (Everyday, Sports, Travel), By Size, By Sales Channel & Region
Explore More Related Studies Published by Fact.MR Research:
Baby Bottles Market: The global baby bottles market is estimated at USD 3.3 Billion in 2022 and is forecast to surpass USD 5.2 Billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032.
Bottled Water Market: Purified bottled water is expected to grow the fastest, at a CAGR of 5.4%.
Paper Bottles Market: The market is predicted to expand at a CAGR of 6.2% and reach a valuation of US$ 53.31 million by the end of 2033.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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