Reusable Water Bottles Market Globally to register highest growth by 2021
Reusable water bottles are mainly used to carry liquid material or water from one place to another. Food and beverages industries use these bottles in case of sold liquid products such as health drinks, cold drinks, tea, juices, water, and many others. However, the market for reusable water bottles is expanding worldwide in terms of materials, designs, size, features, and shape.
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The use of reusable water bottle will rapidly grow in the near future owing to online shopping trends and easy availability. This is turn will augment the reusable water bottle market in future. Cut throat competition enables companies to reduce prices remarkably results in increasing demand for reusable water bottles. The reusable water bottles come in the variety of designs, features, shape, size, and material drives the market in near future. Rapidly changing demographics may stimulate the demand for reusable water bottles across the globe. Stringent government regulations over recycling of material may hamper the market growth in future.
The global reusable water bottles market is segmented on the basis of material as glass bottles, metal bottles, polymer bottles, silicon bottles, battery bottles, and others. Of these, metallic reusable water bottles are majorly used and are the leading segment. People prefer metallic water bottle for their use due to its insulating property, durability, and easy availability. It keeps water cold or hot for the longer period. However, on the basis of use, the market is segmented as travel reusable water bottles, daily reusable water bottles, sports reusable water bottles, and others. While sports-use reusable water bottles are designed in such way that they fit a natural grip and are easily available. The metallic reusable water bottles are further sub-segmented into aluminum and stainless steel bottles.
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Asia-Pacific accounted for the largest market share in the global market. Increasing the disposable income of the people results in higher spending power which is expected to foster the demand. Growing preferences for hypermarkets and supermarkets further impacts the global reusable water bottle market in a positive way. Rapidly growing e-commerce industry and fruitful investment in China will also enhance the market growth. In addition, the Middle East & Africa and Latin America are anticipated to grow in future. Changing lifestyle of the middle-class people in India and Indonesia further shows a positive sign of growth in reusable water bottles market.
Some of the key players dominating the global reusable water bottle market are Flaska, Sigg, Klean Kanteen, HYDAWAY, Thermos LLC, Contigo, Bulletin Bottle, Thermo Fisher Scientific Inc., Aquasana Inc., and CamelBak Products LLC.
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The Global Reusable Water Bottles Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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