Global Reusable Water Bottles Market By Material Type (Steel, Aluminum, Glass, Silicone, Plastic, Others), By Type(Insulated, Non-Insulated), By Distribution Channel (Online, and Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: May 2023
- Report ID: 51077
- Number of Pages: 255
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Report Overview
The Global Reusable Water Bottles Market is expected to be worth around USD 14.6 billion by 2032 from USD 9.3 billion in 2022, growing at a CAGR of 4.7% during the forecast period from 2023 to 2032.
The Reusable Water Bottle means the user typically re-uses a water bottle multiple times. Most of the time, Reusable Water Bottles conveniently transport liquids like health drinks, water, cold drinks, tea, and others. It has been reported that there is a wide range of Reusable Water Bottles on the market that come in various products, materials, sizes, styles, colors, and shapes.
The worldwide demand for Reusable Water Bottles has increased due to their easy availability, low cost, and ease of use. The rising demand for them has accelerated the global expansion in the Reusable Water Bottles market during travel and sports events. Additionally, the cost-effectiveness of Reusable Water Bottles has contributed to the market’s expansion.
Changes in consumer tastes, lifestyle changes, and a better standard of living brought on by more personal discretionary income are expected to spur the expansion of the global Reusable Water Bottles market growth during the projected period, particularly in emerging countries. To enhance their product base and strengthen their market footprint, major players focus on mergers and acquisitions, collaborations, joint ventures, partnerships, and new product launches.
Several manufacturers of Reusable Water Bottles worldwide offer unique dispensing solutions, including mist dispensers, that keep you cool during the summer. A rise in middle-class households, an increase in disposable income in developing countries, and health concerns have contributed to an increase in reusable water bottle purchases. This is the reason for the rise in consumer preference. This market is expected to expand further until 2022 due to the growing popularity of online shopping.
The global market for Reusable Water Bottles is separated based on material type: metal, glass, silica, and polymer. The distribution channels of supermarkets/hypermarkets, department stores, online stores, and others further subdivide the market. This market is examined from North America, Latin America, Eastern Europe, and Western Europe. Asia-Pacific, Middle East & Africa.
Driving Factors
The Primary Factors Driving Demand For Reusable Water Bottles Is The Need To Dispose Of Single-Use Plastic Bottles And Containers In Landfills
In addition to carrying health drinks, water, hot beverages, and juices, Reusable Water Bottles can also carry glass, silicone, stainless steel, copper, plastic, and silicone. Workplaces, schools, gyms, and treks are where people use Reusable Water Bottles.
One of the primary factors driving demand for Reusable Water Bottles is the need to dispose of single-use plastic bottles and containers in landfills illegal dumping near or in waterbodies and the influx into oceans. Both of these factors contribute to an increase in the volume of plastic pollution. Reusable Water Bottles have better quality than disposable ones, are easier to carry, and allow for better hygiene and content safety.
Supporting sales is also the increased visibility of Reusable Water Bottles and their availability across various channels, including specialty stores, hypermarkets and supermarkets, convenience stores, and online. Customers favor stainless steel and copper because they are more durable, less likely to be contaminated, and can keep water hot or cold for longer.
Additionally, an increasing number of people are purchasing Reusable Water Bottles for travel, sports, and everyday use, supporting market growth and helping the significant players achieve their goals. In addition, factors expected to boost the global Reusable Water Bottles market include rising demand for smart Reusable Water bottles and increasing investments by market participants in developing eco-friendly water bottles.
Restraining Factors
Products like phthalates, BPA, and Volatile Organic Compounds (VOCs) are harmful to human health and are one of the main factors that are anticipated to limit market revenue growth.
The availability of water bottles made from inferior plastic materials or plastic byproducts like phthalates, BPA, and volatile organic compounds (VOCs), which are called plastic water bottles or single-use bottles, are harmful to human health, is one of the main factors that is anticipated to limit market revenue growth. Additionally, excessive use of unwashed and unclean bottles could result in the accumulation of harmful bacteria, making people ill. These are the major factors, and the overall growth of the global market for Reusable Water Bottles is anticipated to be hampered in the forecast period.
Latest Trends
One of the major market trends is the folding water bottle.
One of the major market trends is the folding water bottle. Water bottles that can be folded and reused up to 90% of the way whole are being offered by several manufacturers. Because they save space and money, folding water bottles is becoming increasingly popular with consumers. One of the most important market trends is using origami technology to fold Reusable Water Bottles.
Material Type Analysis
The Plastic Type Segment Dominated The Market
In 2022, the plastic type segment dominated the market, accounting for 35.5% of market value. Producers attribute this to low manufacturing costs. The longer life expectancy of plastic Reusable Water Bottles has piqued consumers’ interest in using them, supporting the segment’s expansion.
According to the blogs that have been published by Mathematics for Sustainability, after using 20-dollar reusable water bottles for five years, one can save up to USD 6,180 by using Reusable Water Bottles, which is thought to have a minimum lifespan of two years, as opposed to buying disposable plastic bottles. In comparison to standard plastic bottles, reusable plastic bottles provide a benefit. In addition, according to the Earth Day 2021 blog, over one million plastic bottles are purchased every minute in the United States.
In addition, the United States sells approximately 50 billion water bottles annually, while the United Kingdom sells 7.7 billion plastic bottles annually. According to these figures, there are about 8 million tons of plastic in the world’s oceans each year, and 300 million tons of plastic waste is produced annually. As a result, reusing plastic bottles is a much better option that is also better for the environment.
Distribution Channel Analysis
Supermarkets and Hypermarkets Dominated The Market In 2022
In terms of revenue, supermarkets and hypermarkets dominated the market in 2022, accounting for over 38.00% of total revenue. The segment is driven by the growing popularity of this shopping channel among consumers due to the availability of a wide range of products under one roof. In addition, customers are compelled to purchase goods from these stores by the stores’ influential layout.
In addition, a significant reason for customers to choose this method of sales is the availability of a store associate who can assist them in selecting the appropriate products, as well as the option to purchase the item immediately rather than waiting for its delivery, as is the case with online shopping. Over the forecast period, the online distribution channel segment is anticipated to expand at a steady CAGR.
Type Outlook Analysis
Insulated Type of Reusable Water Bottles is Dominating the Global Reusable Water Bottles Market
Regarding type outlook, the Insulated type of Reusable water bottle dominates the Global Reusable Water Bottles Market. Stainless steel or other materials that do not contain harmful chemicals are used to make insulated water bottles. Additionally, they can maintain the required liquid temperature because they are protected. These bottles are more straightforward to maintain and clean than plastic water bottles.
Insulated water bottles are generally made with double insulation walled construction to make them durable, which means they have an outer layer made with stainless steel and an inner layer with an insulating material like aluminum or copper. As a result, they are less likely to break when dropped and have a longer lifespan than standard plastic water bottles.
Global Reusable Water Bottle Market Key Segments
Based on the Material Type
- Steel
- Aluminum
- Glass
- Silicone
- Plastic
- Others
Based on the Distribution Channel
- Online
- Offline
- Local Stores
- Supermarkets/Hypermarkets
- Wholesale
- Sports Stores
- Specialty Stores
Based on Type Outlook
- Insulated
- Non-Insulated
COVID-19 Impact Analysis
During the COVID-19 outbreak, there was a negative impact on the market for Reusable Water Bottles. Around the world, there was a decrease in the demand for Reusable Water Bottles due to the lockdown, social isolation, travel restrictions, and other regulations related to the pandemic. During the pandemic, Reusable Water Bottles were considered non-essential.
The global Reusable Water Bottles market suffered due to a lack of raw materials, and labor, a shutdown of several manufacturing facilities, and a disruption in the supply chain. However, it is anticipated that the global market for Reusable Water Bottles will expand in the coming years due to the relaxation of pandemic-related regulations in several regions. It is anticipated that the expansion of the global market in the years to come will be fueled by an increase in outdoor activities following the pandemic.
Regional Analysis
This market is examined from North America, Latin America, Eastern Europe, and Western Europe. Asia-Pacific, Middle East & Africa.
Among these regions, in 2022, Asia Pacific held a revenue share of more than 39.00% of the global market. The government is actively encouraging bottle manufacturers to use environmentally friendly and sustainable materials because it is aware of the dangers posed by plastic water bottles. This trend is likely to encourage consumers to use Reusable Water Bottles.
The regional market’s expansion is expected to be sped up by this initiative. The market is also expanding due to other factors like rapid urbanization and lifestyle shifts. Reusable Water Bottles are preferred over regular disposable ones as people strive for a healthy lifestyle and consider environmental sustainability. In addition, the market is being driven by initiatives worldwide to protect marine life from the harmful plastic that is disposed of in the oceans.
Due to the rising number of people participating in various outdoor activities, the demand for the product as a sustainable alternative to single-use plastic bottles drives North America’s growth over the forecast period. Due to this propensity, consumers are well-informed about the drawbacks of using packaged mineral water bottles for outdoor activities.
The Outdoor Foundation’s Outdoor Participation Report states that 48% of Americans participate in outdoor activities each year, which 150 million Americans enjoy. North America is a significant market due to numerous brands of reusable bottles and a population with a high household income.
Key Regions and Countries:
- North America
- The US
- Canada
- Mexico
- Latin America
- Colombia
- Chile
- Brazil
- Argentina
- Costa Rica
- Rest of Latin America
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- APAC
- China
- Vietnam
- Japan
- Indonesia
- South Korea
- India
- Australia & New Zealand
- Singapore
- Thailand
- Malaysia
- Philippines
- Rest of APAC
- Middle East & Africa
- Algeria
- Egypt
- United Arab Emirates
- Saudi Arabia
- Kuwait
- Nigeria
- Israel
- South Africa
- Turkey
- Rest of the Middle East and Africa.
Both new entrants and established players characterize the market. To maintain their market share, players are expanding their service offerings. For instance, Hydaway introduced a new pocket-friendly collapsible bottle in February 2021.
It has a standard cap lid and a proper spout lid, and it comes in two sizes—25 ounces and 17 ounces. Silicone and BPA-free plastic make up the bottle. Under the brand name Nalgene Sustain, Nalgene introduced a new Reusable Water bottle in August 2020. The water bottles are made of waste plastic and have 50% recycled content.
Listed below are some of the most prominent Reusable water bottle industry players.
Top Key Players in the Reusable Water Bottles Market:
- S’well
- Klean Kanteen Inc
- Tupperware Brands Corp.
- Nalgene
- SIGG Switzerland AG, GmbH
- Contigo
- Aquasana, Inc.
- Hydaway
- CamelBak Products, LLC
- Other key Players
Recent Developments:
- The MOO Water Bottle was introduced in September 2021 by digital print and design company MOO Inc. to assist them in expanding the brand into the premium market. The company sells its line of water bottles all over the United States. They come in a lot of different colors and can be branded in a lot of different ways.
- In July 2020, the packaging manufacturer CamelBak introduced MultiBev, regarded as a two-in-one vessel. This set includes a travel cup with a silicone lid and a water bottle. The convenience and adaptability of this kind of water bottle for everyday use are making it more and more popular with consumers.
- In August 2020, Nalgene Sustain, a brand-new Reusable Water bottle line, goes on sale. The water bottles are made of waste plastic and 50% recycled plastic.
Report Scope
Report Features Description Report Features Description Market Value (2022) US$ 9.3 Bn Forecast Revenue (2032) US$ 14.6 Bn CAGR (2023-2032) 4.7% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered Based on Material Type: Steel, Aluminum, Glass, Silicone, Plastic, and Others; Based on Distribution Channel: Online, Offline (Local Stores, Supermarkets/hypermarkets, Wholesale, Sports Stores, Specialty Stores); Based on Type Outlook: Insulated, Non-Insulated Regional Analysis North America – The US, Canada, & Mexico; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, and rest of Latin America; Eastern Europe – Russia, Poland, The Czech Republic, Greece, and rest of Eastern Europe; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA. Competitive Landscape S’well, Klean Kanteen Inc., Tupperware Brands Corp., Nalgene, SIGG Switzerland AG, GmbH, Contigo, Aquasana Inc., Hydaway, CamelBak Products LLC, Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What will be the market size for Reusable Water Bottles Market in 2032?In 2032, the Reusable Water Bottles Market will reach USD 14.6 billion.
What CAGR is projected for the Reusable Water Bottles Market?The Reusable Water Bottles Market is expected to grow at 4.7% CAGR (2023-2032).
List the segments encompassed in this report on the Reusable Water Bottles Market?Market.US has segmented the Reusable Water Bottles Market Market by geographic (North America, Europe, APAC, South America, and MEA). By Material Type, market has been segmented into Steel, Aluminum, Glass, Silicone, Plastic and Others. By Distribution Channel, the market has been further divided into Online and Offline.
Which segment dominate the Reusable Water Bottles industry?With respect to the Reusable Water Bottles industry, vendors can expect to leverage greater prospective business opportunities through the Plastic Type segment, as this dominate this industry.
Name the major industry players in the Reusable Water Bottles Market.S’well, Klean Kanteen Inc, Tupperware Brands Corp., Nalgene and Other Key Players are the main vendors in this market.
Reusable Water Bottles MarketPublished date: May 2023add_shopping_cartBuy Now get_appDownload Sample - S’well
- Klean Kanteen Inc
- Tupperware Brands Corp.
- Nalgene
- SIGG Switzerland AG, GmbH
- Contigo
- Aquasana, Inc.
- Hydaway
- CamelBak Products, LLC
- Other key Players
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