Key Market Insights
“Growing consumer preferences along with rising cocern towards health issues will boost the market”
The global reusable water bottles market is growing proficiently, projected to grow at a CAGR of 4.3% during the expected period from 2023 to 2030, starting from US$ 9.78 Bn in 2021.
Intensifing demand for reusable water bottles over past few years has increased the growth of reusable water bottles market globally. Additionally, convenience, cost effective nature, growing concern over hygiene, convenience needs and product availability have fuel the market for reusable water bottles. Growing lifestyle, increasing consumer preferences, and enhancement in standard living, owing to rising disposable income of consumer specifically in the developing countries is projected to strengthen the market growth over the forecast period. Moreover, rising penetration of online shopping is further projected to fuel the demand for reusable water bottles by 2030.
Furthermore, inhibiting growth potential for bottled water brand will significantly admist an intensified comptetion among reusable bottled manufacturer in beverage and bottle packaging industries. For instance, in 2020, Hindustan Unilever has launched its new “100% rPET” packaging solutions for their sunlight hand dish wash bottles in South Africa, Thailand, and Vietnam. Moreover, in March 2020, Pathwater have introduced a new alkaline and sparkling refillable water bottles.
Sales Channel Analysis
“Introduction of e-commerce platform along with presence of top manufacturers will drive the demand for supermarket/hypermarket globally”
The supermarket and hypermarket sales channel hold a market share of around 42% in 2020, owing to its products variability which stimulus the buying capacity of consumers, presence of store associates, and instant buying power. Additionally, upswing penetration of smart devices and e-commerce platforms, tranquil payment system, and discounts offering from numerous competetors are likely to drive the market for reusable water bottles in the coming years. Growing preference option of personalised selection coupled with easy comparison of variety of products is lashing the market in order to meet the consumer base demand over the forecast period. For instance, in February 2020, PepsiCo unveiled its brand new 20-ounce reusable water bottle comes with flavor pods which will offers a healthier substitute to soda.
Regional Analysis
“Dominance is led by the large population coupled with low cost manufacturing process to drive the market growth.”
The Asia Pacific will dominate the reusable water bottles market with holding a maximum revenue share of around 41% in 2020. In addition, Middle East & Africa and Latin America along with Eastern European will anticipated to have a bourgeon CAGR in the upcoming years. Rising urbanization, increase in disposable income of consumer, and changing demographics are likely expand the market growth. Moreover, budding preferences for supermarket and hypermarket will further puts a positive impacts for global reusable water bottle market. Growing research & development coupled with massive investments in emerging countries like Japan, Indonesia, India, and China will enhance the market growth.
Moreover, according to industry report by Mintel Group Ltd., India’s bottled water sector have outpaced a significant growth rate of around 19% among other global markets between 2019 and 2020. The growth is being driven by convenience needs of consumers, rising income level, and growing concerns over hygienic for drinks and food is likely to outspace the revenue growth for reusable water bottles market in the upcoming years.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Reusable Water Bottles market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
