Reusable Water Bottle Market to reach USD 14.37 Bn by 2030, growing at a CAGR of 4.8 percent and forecast (2024-2030)

May 16 22:40 2024
Reusable Water Bottle Market to reach USD 14.37 Bn by 2030, growing at a CAGR of 4.8 percent and forecast (2024-2030)
Reusable Water Bottle Market
Reusable Water Bottle Market is segmented into Reusable Water Bottle by Type, Application, and Region. For the estimation of the Reusable Water Bottle Market size, the bottom-up approach was used.

Stellar Market Research, an international business & consultancy firm has recently published a research report on the “Reusable Water Bottle Market. The total global market for the “Reusable Water Bottle Market” was valued at USD 10.35 Billion in 2023 and is expected to grow at a CAGR of 4.8 Percent over the forecast period to reach USD 14.37 Billion by 2030. By continuing agreement with evolving consumer preferences and advancements in technology and deep formulation research to achieve products, there exists the significant potential for innovative, stylish, and modern lifestyles to drive the Reusable Water Bottle market.

Market Size in 2023: USD 10.35 Billion

Market Size in 2030: USD 14.37 Billion

CAGR: 4.8 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 220

No. of Tables: 141

No. of Charts and Figures: 186

Segment Covered: By Material, Distribution Channel, and Region

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Reusable Water Bottle Market Report Scope and Research Methodology

The Reusable Water Bottle Market Report offers an in-depth examination of market dynamics, trends, and future growth opportunities, encompassing segmentation by component, type, end-user industry, and geography. It provides comprehensive coverage, including market size and forecasts, drivers, restraints, opportunities, challenges, competitive landscape, and technological trends. The research methodology integrates primary research methods like interviews, surveys, and focus groups with industry experts, alongside secondary research approaches such as analyzing industry reports, company financials, and databases. Data analysis entails market estimation, trend analysis, and competitive evaluation, validated through triangulation and expert consultations, ensuring a robust and dependable market analysis.

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Reusable Water Bottle Market Overview

Reusable water bottles are containers designed to hold and transport water for drinking purposes, intended for multiple uses over an extended period. Unlike single-use plastic bottles, which are typically discarded after one use, reusable water bottles are made from durable materials such as stainless steel, glass, or BPA-free plastics, allowing them to be refilled and reused numerous times. They come in various sizes, shapes, and designs, including options with screw-on caps, flip-up straws, or spouts for convenient drinking on the go. Reusable water bottles are a sustainable alternative to disposable plastic bottles, helping to reduce plastic waste and promote environmental conservation efforts. They are commonly used by individuals, athletes, travelers, and outdoor enthusiasts to stay hydrated while minimizing their ecological footprint.

Reusable Water Bottle Market Dynamics

The Reusable Water Bottle market is driven by several key factors. The growing demand for faster and more accurate results, especially due to the rise of e-commerce, is a significant driver. Consumers’ expectations for quick and reliable delivery have pushed companies to adopt automated systems to stay competitive. Additionally, the increasing need to reduce operational costs and improve efficiency has led many industries to invest in automation technologies. The labor shortage in warehousing and logistics sectors, coupled with rising labor costs, further accelerates the adoption of automation. Moreover, advancements in technology, such as artificial intelligence, machine learning, and the Internet of Things (IoT), have enhanced the capabilities of automated systems, making them more efficient and adaptable to various warehouse environments.

The Reusable Water Bottle market presents numerous opportunities for growth and innovation. The integration of advanced technologies like AI and IoT into warehouse systems opens new possibilities for smart warehouses that can operate with minimal human intervention. Emerging markets, particularly in developing regions, offer significant potential as industries in these areas seek to modernize their logistics and supply chain operations. Additionally, the increasing focus on sustainable and green operations creates opportunities for automation solutions that reduce energy consumption and enhance operational efficiency. The customization and scalability of automation solutions to meet the specific needs of different industries also present a lucrative opportunity for market players. As businesses continue to seek ways to enhance their competitive edge, the demand for innovative and comprehensive automation solutions is expected to grow.

 

In Asia Pacific, the Reusable Water Bottle Market is expected to grow at a CAGR of 39.2 percent over the forecast period

In 2023, the Asia Pacific region led the reusable water bottle market with a 39.2 percent share. This dominance can be attributed to the large populations in India and China, the widespread adoption of reusable water bottles, and low production costs. The region’s share is expected to remain significant due to economic growth and rising disposable incomes. Additional factors driving market growth in this area include urbanization and lifestyle changes, as people increasingly choose reusable water bottles over disposable ones to support healthier lifestyles and environmental sustainability. Efforts to protect marine life from harmful plastic waste also contribute to market expansion.

North America is projected to grow at a CAGR of 6 percent during the forecast period, driven by the burgeoning sports industry. Rapid growth in sports such as American football, baseball, ice hockey, and basketball has increased the demand for reusable water bottles, fuelling market growth in the region. Higher-income levels, an improved standard of living, and effective advertising strategies further boost the demand for reusable water bottles in the North American market.

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Reusable Water Bottle Market Segment Analysis

Based on the Material, the Advanced Warehouse segment to dominate the Reusable Water Bottle Market over the forecast period

In 2023, plastic held a dominant position in the reusable water bottle market, accounting for 37 percent of the market share. This can be attributed to the lower manufacturing costs associated with plastic production. As the lifespan of plastic reusable water bottles has increased, consumer interest in using them has grown, driving the segment’s expansion. With a basic minimum life expectancy of five years, purchasing a reusable plastic bottle for USD20 can yield savings of up to USD 6,270 compared to buying disposable plastic bottles. Given that 42.6 million plastic bottles are purchased annually in the United States alone, reusable plastic bottles are increasingly favored as a convenient and environmentally friendly alternative.

Based on the Distribution Channel, the E-commerce segment to dominate the Reusable Water Bottle Market over the forecast period

By distribution channel, supermarkets, and hypermarkets dominated the reusable water bottle market in 2023, holding a 40 percent share. Consumers are attracted to these stores due to their wide range of products, convenient layout, and the availability of store associates to assist with product selection. Additionally, the immediate availability of products, as opposed to the waiting period associated with online purchases, makes this segment particularly appealing to customers.

The online segment is projected to grow at a CAGR of 5.57 percent in 2023. The rise of e-commerce and increased use of smart devices, along with convenient payment options and discounts, are significant factors driving this growth. The ability to customize bottle prints and easily compare various products online also fuels this segment. Manufacturers are increasingly leveraging online channels to reach a broader customer base, reflecting the growing popularity of online shopping. These factors are expected to continue driving the growth of the online reusable water bottle market throughout the forecast period.

By Material

  • Glass
  • Stainless Steel
  • Plastic
  • Silicone
  • Others

 

By Distribution Channel E-commerce 2.1

  • Specialty Stores
  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Online

 

Reusable Water Bottle Market’s Key Players include:

  • Tupperware Brands Corporation (Florida, United States)
  • SIGG Switzerland AG, GmbH (Frauenfeld, Switzerland)
  • CAMELBAK PRODUCTS LLC (California, United States)
  • Nalge Nunc International Corp. (NY, United States)
  • Klean Kanteen Inc. (California, United States)
  • Thermo Fisher Scientific Inc. (Massachusetts, United States)
  • Aquasana Inc. (Texas, United States)
  • Contigo (Chicago, IL)
  • HYDAWAY (OR, United States)
  • BRITA India (Karnataka, India)
  • Thermos L.L.C. (Illinois, United States)
  • O2COOL, LLC (Illinois, United States)
  • Zhejiang Hals Vacuum Vessel Co., Ltd. (China)
  • COOL GEAR (Arizona, United States)
  • HYDAWAY Collapsible Water Bottles (Oregon, United States)
  • Zojirushi America Corporation. (CA, United States)
  • Gem-Water Co. (CA, United States)

 

Key questions answered in the Reusable Water Bottle Market are:

  • What is Reusable Water Bottle?
  • What was the Reusable Water Bottle Market size in 2023?
  • What is the expected Reusable Water Bottle Market size by 2030?
  • What is the growth rate of the Reusable Water Bottle Market?
  • What are the key benefits of the Reusable Water Bottle Market?
  • What are the new trends in Reusable Water Bottle?
  • What are the driving, opportunity, and restraining factors in the global Reusable Water Bottle Market?
  • Which are the factors expected to drive the Reusable Water Bottle Market growth?
  • Which factors are expected to restrain the Reusable Water Bottle Market growth?
  • Which segment dominated the Reusable Water Bottle Market growth?
  • What is the demand pattern for the Reusable Water Bottle Market?
  • Which region held the largest share of the Reusable Water Bottle Market?
  • Who are the key players in the Reusable Water Bottle Market?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023 −2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Material, Distribution Channel, and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

 

Stellar Market Research is a leading Consumer Goods & Services research firm that has also published the following reports:

Prom Dresses Market: Prom Dresses Market size was valued at USD 14.53 Bn. in 2023 and the total Prom Dresses Market revenue is expected to grow at a CAGR of 3.84  percent from 2024 to 2030, reaching nearly USD 18.92 Bn. by 2030.

Perfumery Glass Bottle Market: Perfumery Glass Bottle Market was valued at USD 1.79 Billion in 2023. Global Perfumery Glass Bottle Market size is estimated to grow at a CAGR of 3.36  percent over the forecast period.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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