DUBLIN--(BUSINESS WIRE )--The "Reusable Water Bottle Market Size, Share & Trends Analysis Report by Material Type (Glass, Plastic, Stainless Steel), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, registering a CAGR of 4.3%
Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products. Moreover, the extensive use of disposable bottles in sports and public places is discouraged by various campaigns to create awareness among people, which is expected to promote market growth. Some governments have taken initiatives for the same.
For instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives. In addition, increasing environmental awareness among consumers is likely to remain the fundamental driver for the market. Due to this, the majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.
During the COVID-19 pandemic, consumers have been refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers to distribute their products via online channels, promoting the usage of reusable water bottles through the online distribution channel.
For instance, this trend has encouraged many new entrants and existing companies, such as 24Bottles, Friendly Cup, and United Bottles, to drive up sales using online traction. In terms of material type, the plastic segment is expected to register the fastest CAGR from 2022 to 2030.
With sustainability becoming a major issue owing to the surge in plastic waste generated by single-use plastic water bottles, several countries like India, Canada, the U.K., and France, have banned single-use plastics and are promoting the reuse and refilling of bottles, which will propel the segment growth.
Reusable Water Bottle Market Report Highlights
Chapter 3. Reusable Water Bottle Market Variables, Trends & Scope
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Reusable Water Bottle Market
3.7. Roadmap of Vacation Rental Market
Chapter 5. Reusable Water Bottle Market: Material Type Estimates & Trend Analysis
5.1. Material Type Movement Analysis & Market Share, 2021 & 2030
5.2.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 6. Reusable Water Bottle Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.2.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 7. Reusable Water Bottle Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3.1. Key company market share analysis, 2021 (%)
For more information about this report visit https://www.researchandmarkets.com/r/gvcw76
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900