Water Bottle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Water Bottle Market
The water bottle market size was valued at USD 4.18 billion in 2023, and the market is now projected to grow from USD 4.34 billion in 2024 to USD 6.45 billion by 2032, exhibiting a CAGR of 5.07% during the forecast period of 2024-2032.
The pandemic has drastically affected this specific product market. Because the water bottle manufacturers rely on China for raw materials, the COVID-19 epidemic caused them to reduce production, especially in 2020, which led to plant closures and disruptions in the worldwide supply chain. These factors affected the water bottle market growth.
Consumers are drawn to innovative smart water bottles that incorporate features like temperature indications and drinking alerts, which is expected to drive up demand for the product throughout the projected period. The market is expanding faster globally due to the rising demand for reusable water bottles for travel and sports. These particular growth driving factors have been recorded to attribute the water bottle marketshare.
The specified market industry developed the demand and supply chains which in trems proved to be a boon for its proliferation. People follow trends, which are constantly changing and influencing what they buy and how they live. Though lifestyle and fashion trends fluctuate between nations and age groups, water bottle trends are universally applicable to a wide range of people. As a result, people with a variety of lifestyles adopt them. This particular market trend has attributed the market growth.
Comprehensive Analysis of Water BottleMarket
The market is divided into categories according to product type, such as insulated, non-insulated, filter, infuser, and other types of water bottles. Stainless steel, glass, plastic, and other materials make up the different segments of the market. Plastic water bottles are visually pleasing, strong, lightweight, and frequently affordable. Based on the distribution channel, the market is divided into online and offline segments.
The region with the largest market share for water bottles was Asia Pacific.Customers will probably be encouraged to actively use reusable water bottles by this trend. Reusable water bottle use in the area will probably increase as a result of this project.
Sigg Switzerland AG(Switzerland)Thermos L.L.C. (U.S.)Tupperware Brands Corporation (U.S.)Klean Kanteen (U.S.)CamelBak (U.S.), are a few of the leading industry participants.
In December 2022, This particular company has attributed the market growth in terms of revenue and shares system. Together with Erewhon, Cove introduced the first biodegradable water bottle. This development has proved that the company will continue to proliferate this particular product market growth. These bottles are recyclable, compostable, biodegradable, renewable, and free of plastic. They are created with a naturally occurring biopolymer called PHA that is sourced responsibly.
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 5.07% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Insulated
Non-Insulated
Filter Water Bottle
Infuser Water Bottle
Others
Material Type
Plastic
Stainless Steel
Glass
Others
Distribution Channel
Online
Offline
By Geography
North America (By Product Type, By Material Type, By Distribution Channel, and By Country)
- U.S. (By Material Type)
- Canada (By Material Type)
- Mexico (By Material Type)
Europe (By Product Type, By Material Type, By Distribution Channel, and By Country)
- Germany (By Material Type)
- France (By Material Type)
- Italy (By Material Type)
- Spain (By Material Type)
- U.K. (By Material Type)
- Rest of Europe (By Material Type)
Asia Pacific (By Product Type, 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 Asia Pacific (By Material Type)
South America (By Product Type, 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 Product Type, By Material Type, By Distribution Channel, and By Country)
- South Africa (By Material Type)
- UAE (By Material Type)
- Rest of South America (By Material Type)
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