Reusable Water Bottle Market Size, Share & Trends Analysis Report By Material Type (Glass, Plastic, Stainless Steel), And Segment Forecasts, 2022 - 2030

The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, registering a CAGR of 4.3% over the forecast period, according to a new report by Grand View Research, Inc. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products. Moreover, the extensive use of disposable bottles in sports and public places is discouraged by various campaigns to create awareness among people, which is expected to promote market growth. Some governments have taken initiatives for the same.

For instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives. In addition, increasing environmental awareness among consumers is likely to remain the fundamental driver for the market. Due to this, the majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.During the COVID-19 pandemic, consumers have been refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers to distribute their products via online channels, promoting the usage of reusable water bottles through the online distribution channel.

Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market on the basis of material type, distribution channel, and region:

Based on the Material Type Insights, the market is segmented into Glass, Stainless Steel, Plastics, Silicon and Others.

• The plastic material type segment dominated the market with a revenue share of more than 35.5% in 2021.
• Reusable plastic bottles offer an advantage over traditional plastic bottles.
• The figures sum up to 300 million tons of plastic waste produced every year around the world, and 8 million tons of plastic in the world’s oceans every 12 months.

Based on the Distribution Channel Insights, the market is segmented into Specialty Stores, Convenience Stores, Supermarkets & Hypermarkets and Online.

• In terms of revenue, supermarkets and hypermarkets dominated the market with the largest revenue share of more than 38.00% in 2021.
• The rising popularity of this channel for shopping among consumers owing to the availability of a large variety of products under one roof drives the segment.
• The availability of a store associate helping consumers in choosing the right products, as well as instant buying of the product rather than waiting for its delivery as in the case of online purchasing, is also a major motivating factor for consumers to choose this channel of sales.
• The online distribution channel segment is estimated to grow at a steady CAGR over the forecast period.

Reusable Water Bottle Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is characterized by the presence of a few established players and new entrants. Players are diversifying the service offering to maintain their market share. For instance, in February 2021, Hydaway launched a new version of its collapsible bottle that fits in the pocket. It is available in two sizes of 25 ounces and 17 ounces and features a standard cap lid and a useful spout lid. The bottle is made from BPA-free plastic and silicone.

Some prominent players in the global Reusable Water Bottle market include:

• Tupperware Brands Corp.
• SIGG Switzerland AG, GmbH
• CamelBak Products, LLC
• Klean Kanteen
• Contigo
• Aquasana Inc.
• Hydaway
• Nalgene
• S’well

Order a free sample PDF of the in Reusable Water Bottle Market Intelligence Study, published by Grand View Research.