Market Research Future (MRFR) has published a cooked research report on the “Global Reusable Water Bottle Market” that contains information from 2018 to 2032. The Reusable Water Bottle market is estimated to register a CAGR of 4.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Reusable Water Bottle market— Tupperware Brands Corporation, SIGG Switzerland AG, GmbH, CamelBak Products, LLC, Klean Kanteen, Contigo, Aquasana Inc., Hydaway, Nalgene, and S’well
The global reusable water bottle market is accounted to register a CAGR of 4.60% during the forecast period and is estimated to reach USD 12.7 Billion by 2032.
Growing awareness of environmental issues has encouraged people to assume the duty of reducing their contribution to the plastic disaster. Because of this, a large number of individuals all around the world are permanently moving from single-use plastic bottles to reusable water bottles. Reusable bottles and other kitchen tools are in more demand as a result of the COVID-19 home isolation recommendations.
The global reusable water bottle market has been segmented based material type and distribution channel.
On the basis of material type, the market is segmented into glass, stainless steel, plastic, silicon, and others. Plastic segment dominated the global market in 2022. Producers attribute this to low manufacturing costs. Due to the longer lifespan of plastic bottles, consumer interest in using reusable water bottles has increased, contributing to the expansion of this market.
Based on distribution channel, the global reusable water bottle market has been segmented into specialty stores, convenience stores, supermarkets & hypermarkets, and online. Supermarkets & hypermarkets segment dominated the global Reusable Water Bottle market in 2022. Consumers are growing more and more accustomed to this style of shopping due to the large variety of goods available under one roof and the stores' compelling layout.
The global Reusable Water Bottle market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Reusable Water Bottle market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Reusable Water Bottle market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Reusable Water Bottle market comprises of Middle East, Africa, and Latin America.
The North America Reusable Water Bottle Market is expected to register significant growth from 2023 to 2032. Urbanisation and a change in lifestyle are driving the rise of the global market. Reusable water bottles are becoming more and more popular among consumers as they pursue healthier lifestyles and think about environmental preservation.
Moreover, the Europe market has been persistently growing over the forecast period. Urbanisation and a change in lifestyle are leading to market growth in the area. As people adopt better lifestyles and think about how to maintain the environment, they are selecting reusable water bottles over standard disposable ones.
The Asia Pacific Reusable Water Bottle market dominated this market in 2022 (45.80%). Because of the dangers that plastic water bottles bring, the government is actively encouraging bottle manufacturers to use eco-friendly and sustainable materials. Customers are probably encouraged by this trend to actively use reusable water bottles.
Furthermore, the rest of the world's Reusable Water Bottle market is divided into the Middle East, Africa, and Latin America. With increasing awareness about the environmental impact of single-use plastic bottles and the need for sustainable alternatives, consumers in LAMEA are embracing reusable water bottles as a convenient and eco-friendly solution. The market is characterized by a wide range of product offerings, including stainless steel, glass, and BPA-free plastic bottles, catering to diverse consumer preferences.
Key Findings of the Study