Dublin, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Reusable Water Bottle Market Overview, 2023-28" report has been added to ResearchAndMarkets.com's offering.
The environmental impact of the reusable water bottle industry is substantial and largely positive. By encouraging the use of reusable bottles, the industry has contributed significantly to reducing the production and consumption of single-use plastic bottles. This reduction leads to fewer plastic bottles ending up in landfills and polluting natural environments. Additionally, the use of materials like stainless steel and glass, which are often recyclable, promotes a circular economy.
According to the research report, the global reusable water bottle market is expected to surpass USD 12 billion by 2028, growing at a CAGR of 5.03% between 2023 and 2028. One notable trend is the use of innovative materials such as bamboo, silicone, and sustainable metal alloys to create eco-conscious options. Reusable water bottles are now fashion statements, with brands offering a variety of sizes, colors, and designs to cater to different consumer preferences.
Key Market Trends
- Sustainability in Europe: Europe has seen a significant shift towards sustainability, with strict regulations and targets related to single-use plastics and waste management. European companies are actively promoting the use of reusable products among their employees and customers. Manufacturers in Europe have been at the forefront of designing stylish, ergonomic, and innovative reusable water bottles, appealing to environmentally-conscious consumers as well as those who value aesthetics and functionality.
- Material Diversity: Reusable water bottles come in various materials, including stainless steel, glass, bamboo, copper, silicone, plant-based plastics (bioplastics), and aluminum. Each material offers unique benefits, from durability and heat resistance to health-related advantages. Some bottles combine multiple materials to provide a balance of durability and sustainability.
- Insulated Bottles on the Rise: Insulated reusable water bottles are gaining popularity due to their ability to keep beverages hot or cold for extended periods. They cater to consumers who want their drinks at the desired temperature throughout the day. These bottles are versatile and suitable for various beverages, making them a preferred choice for outdoor activities, sports, and health-conscious individuals.
- Online Shopping Convenience: Online shopping for reusable water bottles offers unparalleled convenience, allowing consumers to browse and purchase products from the comfort of their homes or on-the-go. E-commerce platforms provide access to a vast selection of bottles, detailed product information, customer reviews, and competitive pricing. Online shopping also transcends geographical boundaries, enabling access to unique or specialty bottles.
- Sports and Health Connection: The emphasis on health and fitness has driven greater demand for sports-oriented reusable water bottles. Athletes and fitness influencers often promote these bottles as part of their training and wellness routines. The popularity of active lifestyles, outdoor activities, and sports has further fueled the demand for these bottles, which are designed with features tailored to athletes' needs.
- Market Drivers and Challenges: Key drivers include the resilience of the market during the COVID-19 pandemic and the rise of sustainability movements. Challenges include concerns about packaging waste and compliance with plastic-free initiatives and regulations.
- E-commerce and Collaboration Trends: The rise of e-commerce and direct-to-consumer (DTC) sales channels has allowed brands to reach a broader audience. Collaborations with influencers, athletes, and environmental organizations are becoming a strategic approach for brands to promote their products and sustainability initiatives.
Competitive Landscape:
Leading market players are investing in research and development to expand their product lines. Manufacturers are also engaging in strategic activities such as new product launches, collaborations, mergers and acquisitions, and investments to expand their global footprint. Key players include Tupperware Brands Corporation, SIGG Switzerland AG, CamelBak Products, LLC, Klean Kanteen, Contigo, Aquasana Inc., Hydaway, Nalgene, and S'well.
Considered in this report:
- Geography: Global
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Company Profiles
- CamelBak Products, LLC
- Thermos LLC
- Petainer Ltd.
- Brita GmbH
- Groupe SEB
- Sigg Switzerland AG
- Be-Active Bottles
- Tupperware Brands Corporation
- Hydaway
- Newell Brands
The global reusable water bottle market is poised for significant growth, driven by sustainability trends, innovative materials, and the convenience of online shopping. Europe leads the way in promoting eco-friendliness, while insulated bottles cater to health-conscious consumers and outdoor enthusiasts. As sustainability becomes increasingly important, the future of the reusable water bottle industry looks promising.
For more information about this report visit https://www.researchandmarkets.com/r/rh5wue
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