Reusable water bottle market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. One of the major factors that are augmenting the growth of the reusable water bottle market includes the growing demand for reusable water bottles for sports and travel. Moreover, the growing shift toward a healthier lifestyle as people are adopting reusable water bottles in workplaces, colleges, and schools among other places along with the increasing noteworthy plastic waste in oceans and landfills is also estimated to be the other important factor that is contributing significantly towards the growth of the global reusable water bottle market. 

However, the chances of bacteria and fungi due to irregular washing of reusable bottles are factor constraints that are hindering the growth of the global reusable water bottle market across the globe. Moreover, the rise in promotional activities by using social media platforms to spread awareness in various regions is one of the key factors that are creating opportunities for the market. A new offering in the market is likely to drive the growth of the global reusable water bottle market. For instance, in January 2020, Contigo which is considered one of the leading providers of water bottles, travel mugs, and kids bottles partnered with Coachella to be the festival's official reusable bottle partner 2020. With the support of this collaboration, the brands would take steps towards reducing single-use PET plastic and encourage reusability throughout the festival and beyond.

Segmental Outlook 

The global reusable water bottle market is segmented based on material type and distribution channel. Based on the material type, the market is segmented into plastic, glass, silicone, and metal. Based on the distribution channel, the market is sub-segmented into online and offline.

Based on the distribution channel, the online segment holds a significant share in the reusable water bottle market. Increasing internet penetration along with growing smartphone adoption is acting as a prime factor impacting the growth of the segment across the globe. In recent times, a level of satisfaction had been increased in the consumer which would support sustaining the region’s growth in e-commerce even after the restriction of the COVID-19 pandemic. Moreover, there also has been an increasing trend of online shopping that had grown the option of personalized prints on the bottle along with that comparison with a variety of products online can be done conveniently. Various e-commerce website offers 24/7 accessibility, 365 days a year, without being affected by downtime for public holidays, closing times, and bad weather conditions. This in turn is driving the segment as different manufacturers are also offering their products through online channels to reach out to large customers.

Regional Outlooks

The global reusable water bottle market is analyzed based on the geographical regions that are contributing significantly to the growth of the market. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in the global reusable water bottle market. Some factors that are boosting the market growth in North America are growing awareness regarding the harmful environmental effects. Additionally, the existence of a large number of players is some other main factor that is providing support to the growth of the market in the region.

Global Reusable Water Bottle Market Growth, by Region 2022-2028

The Asia-Pacific Region Expected to Hold Considerable Share in the Global Reusable Water Bottle Market

The Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing urbanization along with the changing lifestyles among people is acting as the prime factor impacting the market growth in the region. Additionally, increasing adoption of new products and industry players are having large scope in this region owing to the low cost of manufacturing in countries especially South Korea, China, and India for increasing their activity in the market.

Market Players Outlook

The major companies serving the global reusable water bottle market include Tupperware Brands Corp., Aquasana, Inc., SIGG Switzerland Bottles AG, Klean Kanteen, and Bulletin Brands Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Tupperware Brands Corp., along with the National Park Foundation aims to support the National Park Foundation adventure-goers keep Parks Fresh with reusable products that include Eco+ Sandwich and Snack Keepers, Eco+ Coffee To-Go Cup, and reusable water bottle. 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global reusable water bottle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.