Reusable Water Bottle:
Growth opportunities in the Reusable Water Bottle look promising over the next six years. This is mainly due to the increasing initiatives by the government to encourage the recycling of bottles and their rising application in various industries.
Reusable Water Bottle Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The ameliorating living standards of individuals throughout the world is one of the major drivers that is stimulating individuals to choose to reuse water bottles rather than disposing of them. Also, the augmenting health awareness and consciousness related to negative impacts caused by the usage of non-reusable bottles is further responsible for bolstering the growth of the reusable water bottle market. Moreover, the growing implementation of these bottles by various sectors is strengthening the market size. For example, the food and beverage sector progressively employs these bottles as they are easy to recycle, maintain, and non-reactive. Government of various nations has launched different programs and strategies to promote the reprocess of water bottles. UNICEF and the Ministry of Education Maldives announced to provide these water bottles to all the first graders in the Maldives. The Environment Agency – Abu Dhabi (EAD), the largest environmental regulator in the Middle East, in 2020, stated to cease the use of single-use plastic and non-plastic material by 2021 to promote the culture of re-usage and recycle.
As per the market report, approximately 60 million plastic bottles end up in landfills and incinerators each day. Additionally, only 1 out of 5 plastic bottles are recovered, and the rest are disposed of or buried under the ground. Thus, the growing amount of waste generated by water bottles is raising the need to reuse plastic. The mounting need for these bottles for sports and travel has paved the way for market growth. Leading market players are introducing various strategies to encourage the reclaim of these water bottles. Hindustan Unilever, in 2018, launched its new “100% rPET packaging solutions for their sunlight hand dish wash bottles in South Africa, Thailand, and Vietnam. The significant manufacturers in the market are extending their product portfolio to meet the varying demand of the consumers. For instance, Cove, in 2019, created a reusable water bottle made of biodegradable materials. This factor is further bolstering the market share.
Reusable Water Bottle’s leading Manufacturers:
- Aquasana Inc.
- Contigo
- Thermo Fisher Scientific Inc.
- SIGG Switzerland AG, GmbH
- Tupperware
- Brita
- HYDAWAY, LLC
- Klean Kanteen
- CAMELBAK
- SIGG Switzerland AG, GmbH
- Tupperware
Reusable Water Bottle Segmentation:
Segmentation by Material Type
- Glass
- Metal
- Plastic
- Silicone
Segmentation by Distribution Channel
- Specialty Store
- Hypermarket & Supermarket
- Convenience Store
- Online
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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