Reusable Water Bottle Market To Touch $10.6 Billion By 2025 Due To Changing Lifestyle of People And Increasing Concerns For Environmental Sustainability | Million Insights

December 01 07:20 2020
Reusable Water Bottle Market To Touch $10.6 Billion By 2025 Due To Changing Lifestyle of People And Increasing Concerns For Environmental Sustainability | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global reusable water bottles industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.

The global Reusable Water Bottle Market is projected to reach USD 10.6 billion by the end of 2025, according to a new report released by Million Insights. It is anticipated to grow at a CAGR of 3.9% over the forecast period, 2019-2025. There has been rise in the adoption of reusable water bottles by most of the consumers. In addition to this, the lifestyle of people is changing rapidly, and their standard of living is improving with time. This has driven the demand for the product from, 2019-2025.

According to one of the renowned media sources (Forbes Media LLC), people purchase 10 lakhs of plastic bottles and only 9% of the plastic is recycled. 91% of the plastic bottles remain as it is. It is becoming a hazard for the ecosystem. This has increased the concerns of consumers for the environment and they are preferring reusable water bottles instead of regular, non-recyclable plastic bottles.

Recently, there is an amalgamation of the wellness and fashion industries. Therefore, modern consumers are highly demanding the product. For example, Swarovski and S’well collaborated together for launching reusable water bottles with more than 6000 crystals and with a premium price range. The products with innovative designs and extra features are gaining more popularity among the consumer group.

To download the sample PDF of “Reusable Water Bottle Market Report” please click here: https://www.millioninsights.com/industry-reports/reusable-water-bottle-market/request-sample

The product segment made up of plastic material had the biggest share in the reusable water bottles market, in 2018. The segment of water bottles made up of silicone is projected to grow at a CAGR of about 4.3% during the forecast period. Silicone bottles are chemically inert, and they are heat resistant. These benefits have surged the growth of the segment.

The segment of supermarket & hypermarket distribution channel held the largest market share of about 38.4%, in 2018. The segment of online distribution channel is projected to grow at a CAGR of 4.2% during the forecast period. Low cost investment in new ventures and increasing usage of e-commerce sites have propelled the segmental growth.

The key players operating in this market are Nalge Nunc International Corp.; Tupperware Brands Corporation; GmbH; SIGG Switzerland AG, Klean Kanteen Inc. and CAMELBAK PRODUCTS LLC. The companies use different strategies such as new product development, innovative and attractive designs, and joint venturing to gain an edge over their competitors.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/reusable-water-bottle-market

Further key findings from the report suggest:

• The global reusable water bottle market is projected to grow at a CAGR of 3.9% over the forecast period

• The product segment made up of silicone material is projected to grow at the fastest CAGR of around 4.3% from 2019-2025

• The segment of hypermarket & supermarket held the biggest market share of 38.4%, in 2018

• The online distribution channel segment is projected to grow at a CAGR of about 4.2% from 2019-2025 owing to an increase in the number of internet users and users of e-commerce sites, and low cost of investment in new ventures.

• The market share of Asia Pacific accounted to be 30.0% in 2018

Million Insights has segmented the global reusable water bottle market based on material type, distribution channel and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Billion, 2015 – 2025)
    • Glass
    • Metal
    • Plastic
    • Silicone

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
    • Specialty Store
    • Convenience Store
    • Supermarket & Hypermarket
    • Online

Reusable Water Bottle Regional Outlook (Revenue, USD Billion, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
    • Middle East & Africa

Explore the Latest Market Research Reports by Million Insights:

• Citrus Oil Market: The global citrus oil market size was valued at USD 6.31 billion, in 2018 and it is projected to grow with a CAGR of 6.8%, during the forecasted period, 2019 to 2025. Citrus oil is projected to see a high growth, owing to the increasing demand for natural ingredients products and rising inclination towards a healthy lifestyle.

• Frozen Meat Market: The global frozen meat market accounted for USD 73.3 billion, in 2018 and is projected to grow at a CAGR of 4.4%, from 2019 to 2025. The market growth is majorly attributed to changing lifestyles, rise in food preferences and surge in fast food.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/reusable-water-bottle-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/ghaziabadonline/faridabadonlinejournal.in/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7