The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global reusable water bottles market during the period until 2028. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the reusable water bottles market during the forecast period.
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Environmental Awareness Continues to Drive Growth of the Reusable Bottles Market
The ongoing global battle against the use of plastic water bottles is mainly driven by increasing environmental concerns and negative impacts of plastic waste on the ecosystem. The reusable water bottles market is witnessing positive growth with a majority of consumers becoming highly aware of the environmental footprint of the products they use. Various campaigns to ban disposable or single-use water bottles is further providing an impetus to the development of the reusable water bottles market. Manufacturers in the reusable water bottles market are banking on the governmental regulations and anti-plastic movements that are encouraging consumers to switch to environment-friendly alternatives of disposable water bottles.
Furthermore, disposable water bottles made of plastics pose risks to the environment as well as to the human health, as various chemicals and toxic plastic components are transferred from the bottle to the water. As disposable plastic bottles raise numerous health and environmental concerns, a large consumer base worldwide is making a shift to reusable water bottles, driving growth of the reusable water bottles market.
Reusable Water Bottles – Not only a Utility but a Status Symbol
As consumers are carrying their reusable water bottles everywhere, they are visible to everyone and they have a common appearance in consumers’ lifestyles. Thereby, reusable water bottles are not only a utility, but have become a status symbol for most consumers across the globe. Consumers are willing to pay more for attractive and stylish designs of reusable water bottles, which is emerging as a popular trend in the reusable water bottles market.
Furthermore, the interconnection between the wellness industry and fashion industry is bolstering the demand for bespoke reusable water bottles among modern consumers. Thereby, various luxury brands, such as Kate Spade and H&M, have rolled out their own designs of reusable water bottles to cater to the dynamic needs of fashionable and stylish designs. A mounting number of affordable luxury brands entering the reusable water bottles market are likely to change the upcoming trends in the market.
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Thermos L.L.C., a leading food & beverage container manufacturer, recently launched a new beverageware line in collaboration with the style-makers at Patina Vie. The company announced that the Thermos Patina Vie line includes a 16-ounce beverage bottle, which is vacuum-insulated and BPA-free. The new product line by Thermos includes reusable water bottles with stylish patterns to offer consumers a “fashionable way to hydrate” at home or at work.
Thermos also recently acquired Lifefactory, Inc. – a leading manufacturer glass-reusable water bottles and food storage products. With this acquisition, the company is aiming to establish a stronger presence in the category of reusable water bottles manufactured using glass.
S’Well Corporation, another leading player in the reusable water bottles market, recently announced the launch of the new clickable drink-thru Sport Cap for reusable water bottles, to expand its sports collection of reusable water bottles. The company also launched two new products – S’well Tumbler and S’well Traveler – which signifies the company’s strategic focus on consumers’ specific requirements associated with reusable water bottles. S’well Tumbler and S’well Traveler are reusable water bottles, manufactured using food-grade, BPA-free stainless steel, and available in three sizes — 12oz., 16oz., and 20oz.
Cool Gear, International LLC, a leading manufacturer in the reusable water bottles market, recently launched its new Cayambe collection of stainless steel reusable water bottles, after launching its f its new System Series of BPA free reusable water bottles. The company is focusing on introducing innovative graphics and colors and a variety of sizes of reusable water bottles to maintain an edge in the reusable water bottles market.
The report provides a holistic assessment of market dynamics and reliable forecast on the reusable water bottles market, which are based on a unique market research methodology that includes unique, primary and secondary research methods. Important information obtained from leading stakeholders in the reusable water bottles market and chemical industry experts has been extrapolated. Obtaining detailed, industry-validated information about the market has helped analysts to obtain this value-based and insightful research report on the reusable water bottles market.
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