NEWARK, Del, April 11, 2024 (GLOBE NEWSWIRE) -- The increasing number of health-conscious consumers moving towards regular sports activities propels the demand for sports bottle market. This has gravitated the market towards achieving a 4.20% CAGR from 2024 to 2034. A valuation of US$ 9,652.5 million is thus expected from this market in light of this trend.
Increasing consumer awareness towards sustainability is crucial to accelerate the sports bottle industry. Consumers seek eco-friendly alternatives to conventional single-use plastic bottles as consumer concerns over plastic waste and pollution rise. Existing players are thus developing sports bottles manufactured from eco-friendly materials like stainless steel, recycled plastic, or biodegradable plastic.
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Various recycling and reusing bottle initiatives also help the industry expand as customers prioritize making environmentally friendly purchases. The trend towards sustainability offers businesses the chance to stand out from the competition and draw in eco-aware customers.
Including innovative technology, such as smart sensors or hydration tracking capabilities, into these bottle designs, presents a distinctive potential in the sports bottle market. Companies may add value to customers' fitness and health experiences by providing creative solutions beyond simple hydration. In the dynamic sports bottle market, this combination of technology and hydration goods offers a unique chance to stand out and gain market share.
Key Takeaways from the Market Analysis:
- In 2019, the sports bottle market was estimated to be worth US$ 5,230 million worldwide.
- The market garnered a CAGR of 3.30% between 2019 and 2023.
- From 2024 to 2034, the sports bottle ecosystem in Canada is expected to rise at a 4.00% CAGR.
- In 2024, plastic bottles are expected to hold a 32% market share due to customer preference.
- In 2024, the market share of bottles with a size of 1000 ml to 1500 ml is expected to be 29%.
“There is a growing requirement for high-quality sports bottles that provide convenience, durability, and utility as more people prioritize physical exercise and hydration. Companies are well-positioned to benefit by launching innovative products specifically addressing the requirements and tastes of health-conscious customers,” Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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Competitive Landscape:
Market players in the sports bottle market are drawing in customers with several novel characteristics. These include temperature sensors and hydration monitors embedded into smart bottles. Many companies also use sustainable materials like recycled or biodegradable plastics to lessen their environmental influence.
There is a tendency toward personalization, where customers may add unique logos, drawings, or even colors to their bottles. Growth in the industry is fueled by these developments that improve sustainability, customization, and usefulness.
Innovation and adaptability are key components of how startups in the sports bottle market prepare for competition. They frequently concentrate on underdeveloped or niche markets by offering distinctive features or eco-friendly materials.
Startups also use social media and digital marketing to interact directly with customers and raise brand recognition. In the competitive sports bottle industry, startups want to challenge established competitors and carve out a place by remaining adaptable and sensitive to market developments.
Key Companies Profiled:
- Thermos
- Shinetime
- Lock&Lock
- Tupperware
- CamelBak
- Zojirushi
- Haers
- SIGG
- Nanlong
- Klean Kanteen
Product Portfolio:
- Zojirushi offers vacuum-insulated stainless steel bottles. Their USP lies in their technology, that makes them stand out from the rest. The interior finish is an important component. SlickSteel® polished stainless steel and nonstick-coated stainless steel are the two types of finishes.
- The interior of 18/8 stainless steel is extremely resistant to corrosion and stains due to its patented SlickSteel® electrolytic polishing process. Their long-lasting nonstick surface is coated to withstand stains and odors, making cleanup quick. Certain types include two layers of nonstick coating.
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About the Packaging Domain at Future Market Insights:
The packaging domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Key Segments Profiled in the Sports Bottle Market
By Material:
- Plastic
- Glass
- Steel
- Silicone
- Bamboo
By Product:
- Insulated
- Non insulated
By Capacities:
- Up to 100 ml
- 100 to 500 ml
- 501 to 1,000 ml
- Above 1,000 ml
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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