Reusable Water Bottle Market Size, Share, Growth Report 2030

Global Reusable Water Bottle Market Overview

The Global Reusable Water Bottle Market accounted for USD 7.53 Billion in 2020 and is expected to reach USD 16.23 Billion by 2028, growing at a CAGR of 11.6% from 2021 to 2028.

The hydration-obsessed world's practical imperative is the reusable water bottle. It is used to ensure that there is ample water available during the day. The idea behind a recycled bottle is that it can be used several times. 

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This kind of water bottle is mostly used for transporting liquid from one location to another, such as cold drinks, nutrition drinks, water, tea, and other beverages. It is widely used in the workplace, gyms, restaurants, and everywhere else where people need to transport water.

COVID-19 Impact Analysis

With the COVID-19 epidemic wreaking havoc on the economy, countries across the world seem to be moving away from single-use plastics. Additionally, supply chains are being strained in order to satisfy increased demand for single-use disposable containers and medical supplies. Following the COVID-19 disturbance, many states, including the Tamil Nadu government in India, suspended the ban on single-use plastic bottles and bags in retail trade.

The global pandemic, on the other hand, has thrown up some roadblocks in the way of the global reusable water bottle market expansion. Governments all over the world have fought for the protection and well-being of their people, and most retail and consumer product sales have suffered a setback. Since reusable water bottles are considered "non-essential," they also received some criticism in this regard. Owing to a scarcity of vehicles, personnel, and state legislation limiting the global pandemic, the flow of reusable water bottles from one channel node to another is now limited.

Growth Factors

One of the major growth drivers for the Global Reusable Water Bottle Market is it is economical. The majority of countries in the Asia Pacific market are cost centric, meaning they prioritize commodity price above all other factors. By opting for recycled water bottles, consumers can save up to 2,000 times the cost of disposable water bottles. The demand for reusable water bottles in the area is being boosted by this factor. In the city, the rising trend of refilling water bottles is driving up demand for reusable water bottles.

Another factor for the growth in this market is the growing danger of plastic waste, along with the harmful environmental effects of single-use and non-disposable water bottles. These recycled bottles reduce the amount of waste that ends up in landfills which is a major source of groundwater and underground water contamination. Furthermore, as people become more conscious of the negative environmental consequences of non-disposable and single-use plastic bottles, as well as the huge rise in plastic waste in oceans and landfills, the use of reusable water bottles is becoming more common.

Material Type Segment Analysis Preview

Plastic led the industry in terms of value in 2020. This can be due to manufacturers' low production costs. Market interest in using reusable water bottles has grown as the life expectancy of disposable reusable water bottles has risen, promoting the segment's development. According to blogs written by Mathematics for Sustainability, buying a reusable bottle for USD 20 will save up to USD 6,180 over buying disposable plastic bottles after five years of use, which is the absolute minimum life span of plastic-based reusable water bottles.

Distribution Channel Segment Analysis Preview

With a market share of 38.4 % in 2020, supermarkets and hypermarkets led the market. Consumers are drawn to these shops because they have a wide range of items under one roof and have an appealing style. Furthermore, the convenience of a shop clerk to assist shoppers in selecting the appropriate items, as well as the opportunity to purchase a product immediately rather than waiting for fulfillment as in the case of internet purchases, are two of the most compelling reasons for customers to use this distribution channel.

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Regional Analysis Preview

In 2020, Asia Pacific led the industry with a 5.8% CAGR. This can be due to India's and China's huge populations, the use of reusable water bottles, and low production costs. Due to the growth of the economies and a rise in disposable income, the share is projected to remain large in the coming years. Other factors driving business development around the world include urbanization and lifestyle changes. People are opting for reusable water bottles over plastic water bottles as they strive for a healthier lifestyle and a more natural setting.

Global Reusable Water Bottle Market: Report Scope:

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Key Market Players & Competitive Landscape

Some of the key players in the Global Reusable Water Bottle Market, are Elite S.r.l., A. O. Smith Corporation, Cascade Designs Inc., ZheJiang Haers Vacuum Containers Co. Ltd., Implus LLC,,Taiyo Nippon Sanso Corporation, Thermo Fisher Scientific Inc., Tupperware Brands Corporation, BRITA GmbH, and Vista Outdoor Inc.

To maintain a competitive edge over competitors, companies are relying on strategic strategies such as partnerships, innovative product growth, and appealing concepts. To boost sales, they're coming up with new designs and a customization option. Carrying a nice-looking bottle is a status sign for today's customers. This encourages businesses to form partnerships and introduce high-end bottles.

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The Global Reusable Water Bottle Market is segmented as follows:

By Material Type

• Plastic
• Glass
• Silicone
• Metal
• Others

By Distribution Channel

• Specialty Stores
• Online
• Hypermarket & Supermarket
• Convenience Store
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa