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Bangalore, India, November 24, 2021/PRNewswire/-Reusable water bottle market by type (plastic bottles, metal bottles, glass bottles, silicone bottles, polymer bottles), end users (hypermarkets and supermarkets, retail Stores, convenience stores, specialty stores, brand chain stores, online trading platforms, online stores, other), large enterprises). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in the evaluation report under the food and beverage category
By 2027, the global reusable water bottle market is expected to reach USD 458.2 million from USD 312.2 million in 2020, with a compound annual growth rate (CAGR) of 6.6% during the forecast period of 2021-2027.
The main factors driving the growth of the reusable water bottle market are:
In the past few years, sports and travel demand for reusable water bottles has increased, accelerating the expansion of the global reusable water bottle market. As Internet purchases become more and more popular, the reusable water bottle market is expected to grow faster.
The growth of the reusable water bottle market also benefits from the cost-effectiveness of reusable water bottles. With the increase of personal disposable income, especially in developing countries, with the improvement of consumer tastes, lifestyles and living standards, the global reusable water bottle market is expected to grow at a faster rate during the forecast period.
The growing problem of plastic pollution and the harmful effects of disposable and non-disposable water bottles on the environment are driving the demand for reusable water bottles.
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Trends affecting the growth of the reusable water bottle market:
Raising awareness of environmental pollution caused by disposable water bottles is expected to drive the growth of reusable water bottles. Plastic pollution is a major concern for the planet, and serious environmental issues related to disposable and non-disposable water bottles are driving the demand for reusable water bottles. As they increasingly tend to maintain a healthy lifestyle, many people around the world use these reusable water bottles in large quantities in offices, schools, universities, and residences. Reusable water bottles help prevent landfills, which is one of the main causes of land/soil and groundwater pollution.
Reusable water bottles are widely used in workplaces, gyms, restaurants, and any other places where people need to transport water. For environmental and health reasons, consumers are increasingly interested in reusable bottles. In addition, during the forecast period, people's desire for a healthy lifestyle and an increase in disposable income are expected to promote the reusable water bottle industry.
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Market share analysis of reusable water bottles
From a regional perspective, the Asia-Pacific region is expected to be the most profitable part. This can be attributed to the large populations of India and China, the use of reusable water bottles, and low production costs. Due to economic growth and increased disposable income, this share may remain relatively large in the next few years.
Depending on the application, the online segment is expected to be the most profitable segment. The increasing use of e-commerce platforms and smart devices, as well as fast payment options and discounts, all contribute to the rise of this market segment. In addition, the ability to personalize printing on reusable water bottles and the ability to compare different items through online platforms is accelerating the growth of this market.
According to the type, plastic materials are expected to be the most profitable. The huge proportion of this market is due to manufacturers' low production costs. The long service life of plastic reusable water bottles encourages more people to use them, thus contributing to the growth rate of this market segment.
From the perspective of major players, in France, major players in high melting point metals include Thermos, Pacific Market International (PMI), Tupperware, SIGG, Klean Kanteen, HC Starck, etc. The share of the top five French manufacturers is about 15%. In terms of products, plastic bottles are the largest market segment, with a share of about 45%.
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The largest reusable water bottle company
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