Reusable Water Bottle Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Reusable Water Bottle Market By Material Type (Plastic, Glass, Silicone, Stainless Steel, Others), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Reusable Water Bottle Market is expected to grow at a CAGR of 4% during the forecast period (2024-2031).

Reusable water bottles are one of the extensively accepted substitutes for non-disposable and single-use plastic bottles. Various key players of reusable water bottle producers are producing and marketing BPA-free water bottles. BPA (Bisphenol A) is a cancer-causing chemical compound. Moreover, there is a growing shift in customer preference towards stainless steel and glass water bottles due to their health benefits. Stainless steel and glass bottles are mainly contamination-free even after extensive use and the material doesn’t degrade even after several washes.

Market Summary

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Market Dynamics

The rising problems of pollution due to non-disposable plastic bottle is expected to drive the market growth

The rising problems of pollution due to plastic, along with the harmful effect of single-use and non-disposable water bottles on animals and the environment, are expected to drive the global reusable bottles market. Customers across the globe are progressively choosing reusable water bottles in colleges, homes, schools, and workplaces due to rising awareness of drinking unpollutation and clean water. Moreover, the substantial rise in plastic waste in landfills and oceans along with raising awareness regarding soil pollution and water pollution due to the largescale use of non-disposable plastic bottles is encouraging the utilization of reusable water bottles. Additionally, reusable water bottle significantly finds their application in restaurants, working environment, gyms, where every person wishes to carry the water.

Market Segmentation Analysis

By material type, plastic is expected to dominate the reusable water bottle market

By material type, the plastic material was accounted for the largest market share in 2020 and is expected to be dominating segment over the forecast period. Superior life expectancy of reusable plastic water bottles has enhanced buyers’ interest in choosing of reusable plastic water bottles. Along with this, cost-effectiveness of plastic when companies to glass, silicone, and stainless steel reusable bottles is also expected to propel the plastic reusable water bottle over the forecast period. By distribution channel, supermarket and hypermarkets segment accounted for the largest market share on an account of the availability and accessibility of several types of products at one place couple with attractive layout encourage consumers to buy products from these stores.

Market Geographical Share

Asia Pacific is the largest market for reusable water bottles with a share of nearly XX% in global sales value in 2020

By geography, Asia Pacific accounted for the largest share in 2020 and is anticipated to be the dominating regional market within the projected year due to the low price of production in countries such as China and India and rising utilization of reusable water bottles in the region along with rising population is expected to propel the regional market growth over the forecast period. Moreover, change in lifestyle and growing urbanization are a few factors that are also largely contributing to the growth of the market in the region. Additionally, people are thinking of a balanced environment, and inclination towards a healthy lifestyle along with rising initiatives in the region to protect marine life from the disposing harmful plastic in the oceans is also expected to enlarge the regional market growth in the near future. North America is estimated to hold the second-largest share global reusable water bottle market in 2020 and is expected to grow at a CAGR of XX% owing to the inclination towards clean nature and awareness regarding health.

Source: DataM Intelligence Analysis (2022)

Market Companies and Competitive Landscape

The global reusable water bottle market is highly competitive with the presence of many local and global players. Some of the major players of the market include Tupperware Brands Corporation, BRITA GmbH, SIGG Switzerland AG, DiFOLD, GmbH, S-Well Corporation, Thermos L.L.C., and Contigo, among others. They have strengthened the market through their product offerings. Continuous innovation to introduce new products is the key competitive factor in the market. For instance, in June 2020, DiFOLD has announced the launching of origami bottles, which provides a new dimension to the water bottle. These bottles are 100% recyclable, reusable, and foldable. 

COVID-19 Impact: The market witnessed a negative impact 

The COVID-19 pandemic has caused havoc on the retail and consumer goods industries, with national and regional lockdowns impeding product production and distribution. Reusable water bottle sales have decreased as customer preferences have changed and mindful consumption has become more popular. COVID-19 is spread by respiratory droplets, thus reusable water bottles are being scrutinised for transmitting the novel infection. These discoveries are having an impact on the demand for reusable water bottles. Consumers are opting for single-use or sealed water bottles since reusable water bottles must be sterilised every 20 minutes while travelling. Manufacturers of reusable water bottles, on the other hand, are stocking up on raw materials to react to the fluctuating demand sentiments of consumers throughout the ongoing pandemic. To preserve company continuity, they're going into plug-and-play mode. Before investing in new technologies and processes, corporations are making data-driven decisions. They are engaging in mergers and acquisitions (M&A) in order to provide consumers with value-added products.

Why Purchase the Report?

• Understand the current market scenario and viability of global reusable water bottle over the forecast period 

• Visualize the composition of the global reusable water bottle market in terms of material type and distribution channel to identify major players, growth potential, and market strategies

• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

• Excel data sheet with valuable data points of the global reusable water bottle market Regional and Country level segmentation

• Product mapping in excel for the key products of all major market players

• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience

• Reusable Water Bottle Manufacturers

• Plastic Making Companies 

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professional