Global Reusable Water Bottle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Reusable Water Bottle Market Overview

"The Reusable Water Bottle Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective of providing a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact on making informed forecasts about the scenarios in future.

Reusable water bottle is a type of container that can be reused to carry or hold the water and other type of liquid beverages. Reusable water bottles come in various sizes, shapes, and colors. Commonly, they are made using steel, plastic, glass, etc. Availability of fashionable and trendy reusable water bottles is making individuals of all age groups inclined towards them.

Rising adoption of reusable water bottles among individuals, owing to increasing environmental awareness is a major factor anticipated to propel the demand and drives the growth of the global reusable water bottle market. Reusable water bottle provides an alternative to the conventional bottles (one-time use) made up of polyethylene terephthalate (PET) as PET water bottles can cause negative health effects such as dizziness, asthma, and cancer, which is also propel the growth of the reusable water bottles market.

Increasing use of reusable water bottles by athletes and travelers, due to their strength and durability is also another factor expected to bolster the growth of the market. Government stringent rules regarding usage of use and throw plastic bottles also expected to drive the growth of the global market in the near future.

However, the easy availability of bottled water and high probability of growth of bacteria and fungi due to irregular washing of reusable water bottles, are some factors which may hamper the growth of the global reusable water bottle market.

Development of new cost effective reusable water bottles and increasing promotional activities using social platforms to spread awareness regarding health and environmental benefits of the reusable water bottles can create higher revenue opportunities for the target players in the market.

The Asia Pacific accounts for largest market share in terms of revenue and volume and is expected to maintain its dominance over the forecast period, owing to increasing use and availability of various types of reusable water bottles coupled with growing retail sector in the region. The market in North America is expected to account for a second-highest share in the market in terms of revenue in the near future. The Latin America market is expected to show an average growth over the forecast period.

Global Reusable Water Bottles Market Segmentation:

Segmentation by material type:

• Metal
• Silicon
• Polymer
• Glass

Segmentation by usage:

• Everyday
• Travel
• Sports

Segmentation by distribution Channel:

• Supermarkets and Hypermarkets
• Retail Stores and Department Stores
• Online Stores

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa