Reusable Water Bottle Market size is set to grow by USD 1,930.24 million from 2022 to 2027, Increasing demand for Eco

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05 Jun, 2023, 10:45 ET

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NEW YORK, June 5, 2023 /PRNewswire/ -- The global reusable water bottle market size is estimated to grow by USD 1,930.24 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.25% during the forecast period. APAC is estimated to account for 46% of the global market growth during the forecast period. Factors such as rapid urbanization and lifestyle changes drive the market demand for reusable water bottles. As consumers are becoming more concerned about the environment, it is increasing their preference for reusable water bottles. Additionally, the governments of countries such as India, China, and Japan encourage manufacturers to choose sustainable and environmentally friendly materials. These governments are taking steps to restrict the use of single-use plastic water bottles. For instance, in 2022, the Government of India announced a ban on the manufacturing, import, stocking, distribution, sale, and use of specified single-use plastic items with low utility and high littering potential. Hence, such initiatives are anticipated to drive the growth of the reusable water bottle market in APAC during the forecast period.

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What's New?

Reusable Water Bottle Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on distribution channel (offline and online), type (plastic, metal, silicone, and glass), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Reusable Water Bottle Market – Market DynamicsKey factor driving market growth

Leading trends influencing the market

Major challenges hindering the market growth

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

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Reusable Water Bottle Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2023-2027

USD 1,930.24 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.54

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, India, Japan, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A. O. Smith Corp., Bulletin Brands Inc., Chillys Bottles Ltd., Cool Gear International LLC, Daylesford Organic Ltd., EZ GARD Industries Inc., Happy and Hydrated Ltd., HYDAWAY LLC, Klean Kanteen, Lifetime Brands Inc., Nalge Nunc International Corp., Newell Brands Inc., Nippon Sanso Holdings Co. Ltd., O2Cool LLC, Re Co. SA, SIGG Switzerland Bottles AG, The Clorox Co., The Ocean Bottle Ltd., Vista Outdoor Inc., and VOSS of Norway AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio