The global reusable water bottles market is valued at $ 10.05 billion in 2023. The industry is expected to grow from $ 10.52 billion in 2024 to $ 15.61 billion in 2032 , registering a compound annual growth rate of 5.05 % during the study period.
Reusable water bottles are made from sustainable and eco-friendly materials, making them perfect for repeated use and minimizing pollution caused by disposable plastic bottles.
The market growth is driven by the trend towards sustainable products, with companies launching smart water bottles that can monitor hydration needs.
The COVID-19 pandemic has had an unexpected impact on economies across the globe, causing disruptions to supply chains and production. Moreover, the closure of retail/offline sales channels and manufacturing facilities during the pandemic has severely impacted market growth.
Fortune Business Insights™ provides this information in a research report titled “Reusable Water Bottles Market, 2024-2032.”
Top Companies in the Reusable Water Bottles Market:
- Tupperware Brands (USA)
- Klean Kanteen (USA)
- SIGG Switzerland AG GmbH (Switzerland)
- With You (USA)
- Camelback Products LLC (USA)
- Hydro Flask (USA)
- Thermos LLC (USA)
- Bulletin Brands LLC (USA)
- Hideaway (USA)
- Newell Brands (USA)
Information Source： https://www.fortunebusinessinsights.com/reusable-water-bottle-market-102574
segmentation:
Lightweight properties of plastic drive segment extensions
In terms of material type, the reusable water bottles market is segmented into metal, glass, plastic, etc. The plastic segment holds the largest market share for reusable water bottles. Plastic is lighter and less expensive to manufacture. This factor is driving the growth of the plastic segment.
The offline sector dominates as the number of supermarkets and hypermarkets increases
Based on distribution channel, the market is classified into online and offline, with the offline segment accounting for the largest share as the number of supermarkets and hypermarkets is increasing across countries, enhancing the distribution and availability of products through physical retail formats.
Based on region, the reusable water bottles market is segmented into Europe, Asia Pacific, North America, South America, Middle East and Africa.
Report Scope:
The report provides a comprehensive coverage of the key factors driving the expansion of the market. It also highlights the impact of the COVID-19 pandemic on the market growth, latest trends, and key segments. Other aspects of the report include the strategic initiatives taken by the top companies to expand their share.
Drivers and constraints:
Increasing demand for sustainable water bottles drives market growth
One of the major factors driving the growth of the reusable water bottle market is the increasing demand for sustainable water bottles. Water bottles made from recyclable materials such as glass and stainless steel are durable, functional, and sturdy, making them ideal for long-term use.
However, environmental concerns related to plastic bottles may hinder market growth.
Regional insights:
Asia Pacific to account for largest share due to rising demand for multifunctional water bottles
Asia Pacific was expected to register the largest share in 2023, owing to the increasing demand and availability of multifunctional water bottles in China and India.
The North American reusable water bottle market recorded a significant share due to the increasing adoption of eco-friendly water bottles, especially in the United States.
Competitive Landscape:
Market participants rely on product innovation to expand their portfolios
The market is highly competitive and fragmented, with many domestic and international companies competing for a larger market share. Leading companies are implementing various strategic initiatives to maximize revenue. These strategies include joint ventures, mergers and acquisitions, capacity expansion, etc. Several companies are also focusing on product innovation to expand their product portfolio.
Key industry developments:
- In August 2023, US-based manufacturer Pathwater announced that it had partnered with US-based toy company Mattel to launch limited edition refillable Barbie bottles. The company is selling these bright pink refillable water bottles on its website and in retail stores across the US and Canada.
