Reusable Water Bottle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Reusable Water Bottle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Reusable Water Bottle Market

The global reusable water bottle market size was valued at USD 10.05 billion in 2023 and the market is now projected to grow from USD 10.52 billion in 2024 to USD 15.61 billion by 2032, exhibiting a CAGR of 5.05% during the forecast period 2024-2032.

The COVID-19 pandemic caused major disruptions in the global supply chain and market. Closure of manufacturing centers and retail outlets seriously hindered market boom, in particular in sectors like reusable water bottles. Additionally, fluctuating uncooked cloth fees, mainly stainless-steel tormented by inflation, in addition impacted the marketplace negatively. These combined elements created challenges for corporations in preserving balance and increase in the global reusable water bottle market. Thus leading to decline in reusable water bottle market growth.

The developing call for sustainable and green water bottles among young clients boosts market growth. Water bottles, made from recyclable materials which include chrome steel and glass, are sturdy, long-lasting, and functional, making them perfect to be used over prolonged periods. Market players, together with Circular & Co., Ocean Bottle, Buoy Bottle, and Rockay Water Bottle, make 100% recyclable water bottles that are lightweight and leak-proof and have a ten year lifespan, a key component amplifying reusable water bottle market share globally.

Growing demand for handy and eco-friendly water bottles increases the product call globally. In this recognition, the growing product call for sustainable bottles throughout families, faculties, and offices is poised to grow the worldwide reusable water bottle market proportion for the duration of the forecast timeframe. Market players introduce clever water bottles that can monitor clients' hydration wishes.

Comprehensive Analysis of Reusable Water Bottle Market

By Material Type Analysis, the global marketplace is segmented into glass, plastic, metallic, and others based on cloth type. The plastic segment dominates the market. Plastic is one of the famous raw materials used to make water bottles because of properties such as being lightweight, handy, and cheaper to supply. The metallic segment is expected to grow drastically for the duration of the forecast duration due to the growing adoption of recyclable stainless steel for manufacturing. Steel and aluminium are more long-lasting and eco-friendlier than plastic and are desired for reusable bottle production. Several companies have launched progressive products to enhance sales in this section. By Distribution Channel Analysis, the market is segmented into offline and online primarily based on distribution channel. The offline phase holds the biggest market percentage thanks to the rising customer inclination toward convenience stores and hypermarkets. Furthermore, the increasing range of supermarkets & hypermarkets across international locations increases product availability and distribution through physical retail codecs. Online distribution channels are predicted to witness sizable income in the coming years. The growing fashion of online shopping through corporation web sites for customized water bottles drives the section’s growth. E-commerce structures including Amazon provide appealing discounts, growing product penetration through on line channels.

Asia Pacific dominated the global reusable water bottle marketplace length in 2023, because of the developing population in China and India and the growing demand and availability of multi-practical water bottles. From a manufacturing viewpoint, the abundant raw material availability, along with plastic and glass, encourages new players' entry into emerging and potential Asian markets.

The global market is fragmented and particularly aggressive, with several domestic and worldwide players competing for a better marketplace percentage. Key market players focus on new product launches, consisting of products made with the use of recycled materials to cater to purchasers' growing call. Industry players also brand and market their merchandise as multi-functional to increase sales. The top companies include Tupperware Brands Inc. (U.S.), Klean Kanteen (U.S.), SIGG Switzerland AG GmbH (Switzerland), Contigo (U.S.), Camelbak Products LLC (U.S.), Hydro Flask (U.S.), Thermos LLC (U.S.), Bulletin Brands LLC (U.S.), Hydaway (U.S.) and Newell Brands (U.S.).

In August 2023, PathWater, a U.S.-based producer, unveiled a strategic collaboration with Mattel, a renowned U.S.-primarily based toy organization, to introduce a special version Barbie refillable bottle. These eye-catching pink water bottles are to be purchased on PathWater's internet site and are also stocked in various stores across the US and Canada. This partnership combines eco-friendly hydration solutions with iconic branding, offering consumers a fashionable and sustainable option for his or her hydration wishes.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.05% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material Type

Glass

Plastic

Metal

Others

By Distribution Channel

Offline

Online

By Region

North America (By Material Type, By Distribution Channel, and by Country)

- U.S. (By Material Type)

- Canada (By Material Type)

- Mexico (By Material Type)

Europe (By Material Type, By Distribution Channel, and by Country)

- Germany (By Material Type)

- U.K. (By Material Type)

- France (By Material Type)

- Italy (By Material Type)

- Spain (By Material Type)

- Russia (By Material Type)

- Rest of Europe (By Material Type)

Asia Pacific (By Material Type, By Distribution Channel, and by Country)

- China (By Material Type)

- India (By Material Type)

- Japan (By Material Type)

- Australia (By Material Type)

- Rest of the Asia Pacific (By Material Type)

South America (By Material Type, By Distribution Channel, and by Country)

- Brazil (By Material Type)

- Argentina (By Material Type)

- Rest of South America (By Material Type)

Middle East & Africa (By Material Type, By Distribution Channel, and by Country)

- South Africa (By Material Type)

- UAE (By Material Type)

- Rest of the Middle East & Africa (By Material Type)


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