Reusable water bottles are used by a sizable population from all across the globe for a wide range of purposes such as travel, sports, office, school, collages, and everyday purposes. This wide range of product applications is resulting in the proliferation of the global reusable water bottles market.
Reusable water bottles are manufactured using different materials such as metal, glass, silicone, and polymer. These products are available in independent stores and hyper/supermarkets. Moreover, these products can be also purchased through online platforms.
Due to the growing inclination of a considerable chunk of individuals globally towards maintaining a healthy lifestyle, they are increasing the use of reusable water bottles. Besides, reusable water bottles are gaining impetus owing to their ability to help in decreasing pressure on landfills. Landfills constitute one of the key sources of soil, groundwater, and land contamination.
The use of reusable water bottles has been increased in the recent few years during travelling and sports activities owing to their ability to offer convenience. Moreover, these products are being publicized for their cost-effective nature. These factors are creating ample business opportunities in the global reusable water bottles market.
With the increase in awareness regarding plastic pollution and severe environmental issues pertaining to non-disposable and single-use water bottles, there is notable growth in the adoption of reusable water bottles among environment conscious population. This factor is generating lucrative prospects in the global reusable water bottles market.
Rising Digitalization Fuels Demand for Smart Reusable Water Bottles
With the surging adoption of digitalization around the world, the demand for smart water bottles is on the rise. Consumers are giving preference to such bottles as these products can help in keeping track of individual water intake throughout the day. Hence, the rise in techno-savvy consumers is creating a lucrative demand for smart water bottles. This factor is likely to support the growth of the global reusable water bottle market.
Product Innovations and Mergers & Acquisitions Drive Market Expansion
Some of the prominent players operating in the global reusable water bottles market include BRITA GmbH, CamelBak Products, LLC, Tupperware Brands Corporation, Klean Kanteen, Inc, SIGG Switzerland AG, Contigo, Bulletin Brands, Inc., Aquasana, Inc, Nalge Nunc International Corp, Thermos L.L.C, O2COOL, LLC, S-Well Corporation, Cool Gear International LLC USA, Inc., and Nathan Sports, Inc.
Enterprises in the global reusable water bottles market are consistently taking efforts to introduce innovative products. Hence, they are investing heavily in R&D projects. Furthermore, players are pursuing mergers & acquisition activities in order to attain major market share and stay ahead of the competition. This aside, players are capitalizing on the rising online shopping penetration that occurred due to the COVID-19 pandemic and offering their products on online platforms.
Companies are focused on offering insulated water bottles intended for festive seasons including Christmas and New Year. As a result, they are entering into collaboration agreements with enterprises that offer printable and customized bottles. Such innovative products are grabbing the attention of customers from all across the globe, which in turn, is propelling the growth of the global reusable water bottles market.
Rising Hygiene Awareness to Generate Ample Business Opportunities in Asia Pacific Market
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are some of the key regions in which the global reusable water bottles market experiences prominent business prospects. The Asia Pacific market is one of the leading segments showing substantial sales avenues owing to several factors such as their presence in densely populated countries including India and China together with a rise in hygiene awareness among the regional populace.