reusable water bottle industry analysis

With the help of embedded analytics, the clients can get details associated with brand analysis. For understanding the entire market landscape, we need to get details about the past and ongoing trends also. Offline market channels such as hypermarket & supermarket distribution channel is estimated to be a greater segment as compared to online distribution channel this is due availability of an immediate purchasable product which are present in large variety as compared to waiting for it to get delivered. How can get sample reports/company profiles of the Reusable Water Bottle Market? I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. 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. In terms of material type, the plastic segment is expected to register the fastest CAGR from 2022 to 2030. For U.S./CAN Toll Free Call 1-800-526-8630 Competitor companys business reports and newsletters, Market drivers and restraints, along with their current and expected impact, Raw material scenario and supply v/s price trends, Regulatory scenario and expected developments, Current capacity and expected capacity additions up to 2027, Network participants such as distributors. The last step of the report making revolves around forecasting of the market. Global Market Study on Luggage - explore share, size, revenue, valuation, CAGR, regional outlook, key players, competitive landscape, top manufacturers & forecast. What are the Opportunities for Reusable Water Bottle Manufacturers in Australia? Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. What is the projected market size & growth rate of the Reusable Water Bottle Market? There are certain restraints and challenges faced which can hinder the market growth. Remarkable job and great efforts by your research team. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts: Since the COVID-19 virus outbreak in December 2019, the epidemic has spread to nearly every country across the globe with the World Health Organization (WHO) announced coronavirus disease 2019 (COVID-19) as a pandemic. Plastic is projected to hold the major share in the market this is due to low manufacturing and material cost and which results in the production of a cheaper product that drives more demand as compare to other segments. Full competitive intelligence with SWOT analysis available in the report. The rising growth of the sports industry is one of the major factors which helps to drive more demand of usable bottles. 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To gain extensive insights into the market, Request for Customization. A majority of consumers in developing countries such as China consider the price of the product first, and hence, such market are said to be cost-centric. Explore Persistence Market Researchs expertise in promulgation of the business ! Use of plastic bottles from over 50-60 years has created long-term ecological problems in the form of plastics waste collected in rivers, oceans, streams, and leaking toxins into water bodies. The market is expected to witness a CAGR of more than 4% during the forecast period of 2021-2031. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! >>>Ask For Discount @ https://www.verifiedmarketresearch.com/ask-for-discount/?rid=38419. The Asia Pacific is the major dominating region in the reusable water bottle market and is estimated to continue its dominance during the forecast period 2019-2026. Different demographics are analyzed individually to give appropriate details about the market. It extensively finds its application in the working environment, gyms, restaurants, where any individual wishes to carry the water. Furthermore, there is an increasing shift in consumer preference toward stainless steel and glass water bottles due to their health benefits. The population around the globe had restricted themselves going out of their home and edge towards confining themselves to their homes which is impacting all the market negatively or positively.According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections. According to the region, the reusable water bottle market is segmented into North America, Europe, Asia Pacific, South America, and Middle East& Africa. Also, the imposition of stringent government regulation to shift the focus on the Reusable Water Bottle to save the degradation of the environment expects a boost to the market in the coming years. This is a very good piece of work and will be very helpful to us going forward. Distribution Channel Movement Analysis & Market Share, 2021 & 2030, 6.2.1. Cut through the media-centric market research with Persistence Market researchs latest information tabs. Zhejiang Haers Vacuum Containers Co. Ltd. 1 Gallon and Above Reusable Water Bottles. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. We appoint data triangulation strategies to explore different areas of the market. According to Forbes July 2017, people buy a million plastic bottles per minute worldwide and out of that 91% of all plastics are not being recycled. Moreover, introduction of new products with innovative, new advanced features, and acquisitions and mergers, are expected to open up new avenues for market players. Historical Trends vs. Future Market Outlook. The demand for plastic-based reusable bottles among consumers is increasing owing to the easy availability of a variety of products as a result of the low cost of manufacturing by producers, The online distribution channel segment is expected to grow at the fastest CAGR during the forecast period, The increasing availability of a wide range of products of different brands on e-commerce platforms with services, such as free delivery and seasonal discounts, is among the major factors driving the segment, Asia Pacific accounted for the largest revenue share in 2021 due to the high demand for silicone, glass, and metal bottles in the region as a result of the growing awareness regarding the negative impact of single-use water bottles on marine life and the environment. The life expectancy of metal reusable water bottles is greater than other types, which has increased consumer interest in them. Privacy Policy. Analysts carry out extensive research using both top-down and bottom up methods. Glass water bottles are free from any kind of germs and contamination, even after several washes, as the material doesnt degrade after extensive use. This way, we are empowered to quantify their impact on the markets momentum. Reusable Water Bottle Market Report Highlights, Chapter 3. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Based on the type, the market is classified into Silicone, Plastic, Metal, and Glass. Market estimates and forecast, 2017-2030 (USD Million), Chapter 6. How is Growing Demand for Environmentally-Friendly Products Driving Demand Sales of Reusable Water Bottles? This way, we ensure that all our clients get reliable insights associated with the market. Our latest research, perspectives, and insights on the management issues that matter most to the companies and organization about the market, which is leading through the COVID-19 crisis to managing risk and digitizing operations to deliver trusted information and experiences to the decision makers. Reusable water bottles are increasingly being adopted by consumers at workplaces, colleges, schools, and homes, as a result of shifting preference to a healthier lifestyle. The increasing awareness among the population for the health & hazardous effect of non-reusable bottles is expected to drive the Reusable Water Bottle Market over the predicted years. Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. This is because consumers are now highly conscious of their health and want to avoid harmful water or food sources that could later hamper their health. Regional Movement Analysis & Market Share, 2021 & 2030, 8.1. Laura Wood, Senior Press Manager The concept of the reusable bottle is, it can be used numerous numbers of times. We use cookies to enhance your experience. The multi-purpose usage of stainless-steel water bottles in keeping water cold or hot for a longer duration, owing to their insulating properties, has attracted consumers to such products. Among the countries in the Oceania, Australia is estimated to account for a majority share in terms of revenue. The report covered all the points and was very detailed. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls. What Makes China a Dominant Player in the Reusable Water Bottles Industry? On the bases of the distribution channel, the market is segmented into offline and online. It looks quite comprehensive and the data is exactly what I was looking for. The leftover data is properly validated and its authenticity (of source) is checked before using it further. As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted in 2019-2020. In order to reduce the use of plastic, consumers are ditching the use of single-use plastic bottles and replacing them with reusable water bottles. Reusable Water Bottle Market Variables, Trends & Scope, 3.2. What are the top players operative in Reusable Water Bottle Market? As per Persistence Market Research, global market valuation was around US$ 8.6 Bn in 2020. Some of the factors contributing to its dominance include urbanization, moving towards a healthier lifestyle, increasing concern for a sustainable environment and the ability to save money. Free report customization (equivalent up to 4 analysts working days) with purchase. North America Europe Asia Pacific Rest of the world. 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. Material Type Movement Analysis & Market Share, 2021 & 2030, 5.2.1. What are the key driving factors for the Reusable Water Bottle Market? We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. The energy sector's increasing preoccupation with a possible environmental crisis has led it to take bold steps toward sustainability. Moreover, collaborations and acquisitions of small companies are further accelerating market growth. Furthermore, leading industries have encouraged the use of sustainable practices in their products, which has placed reusable water bottles in the limelight. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products. A water bottle is basically a vessel that is used to retain any form of liquid, water or other beverages for consumption. We also collect and mix the data from our previous market research reports. Get going with a plethora of our upcoming and published reports. Low cost of manufacturing provides ample opportunity for manufacturers to launch new products in the Chinese market. What are the Factors Fueling Demand for Reusable Water Bottles in the U.S.? For instance, in January 2016, Zhejiang Haers Vacuum Containers Co., a leading producer of high-quality stainless steel vacuum bottles, acquired 100% of the Swiss company SIGG, a renowned brand in the bottle industry. By continuing to visit this site you agree to our use of cookies: Banking Financial Services & Insurance Industry, Internet, Communication, Software & Services, ICE, Electric, Hybrid, Autonomous Vehicles, Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Food & Beverage Logistics, Cold Chain & Packaging, Food & Beverage Processing and Technology, https://www.verifiedmarketresearch.com/ask-for-discount/?rid=38419. This additionally supports the market researchers in segmenting different segments of the market for analysing them individually. Your personal details are safe with us. Specialty Store Online Hypermarket & Supermarket Convenience Store Others. Higher cost of the product as compare to normal plastic bottle act as one of the major restraining factor for the growth of the market. Based on the Type, the market is bifurcated into Silicone, Plastic, Metal, and Glass. Many more unique growth factors have been analyzed in detail, while a comprehensive assessment of some of the key challenges for reusable water bottle manufacturers have also been discussed in this new report by Persistence Market Research. Reusable water bottles are widely accepted as an alternative for single-use plastic bottles. Additionally, increasing the production of reusable bottle which uses UV light to eliminate harmful bacteria and has the ability to cleanse water is propelling more demand of the product. Persistence Market Research follows a methodology that encompasses a demand-side assessment of the market, and triangulates the same through a supply-side analysis.

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