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Polymer-based Reusable Water Bottles to Create High Growth Opportunities Through 2030

07-30-2021 12:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

A recent market study published by Fact.MR provides a holistic analysis of various trends, drivers, and restraints of the reusable water bottles market. According to the Fact.MR study, the reusable water bottles market will envisage 3.1% y-o-y over 2017 to exceed US$ 8,347 million by the end of 2018. The Fact.MR study remains bullish on the continual rise in demand for reusable water bottles, as growing environmental concerns are driving consumers as well as end-use industrial sectors to switch to eco-friendly alternatives of single-use water bottles.

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Concerns over alarming rise in plastic waste has initiated various movements aimed at curtailing its use. The ongoing war against plastic is exhorting consumers to shift away from single-use water bottles towards reusable water bottles. Increasing environmental awareness among consumers is likely to remain the fundamental driver for the growth of the reusable water bottles market.

Reusable Water Bottles Market: Manufacturers Incorporate Advanced Technologies to Introduce Innovation

A majority of leading players in the reusable water bottles market have adopted innovation strategies, which are commonly driven by the need to improve the consumer experience. Manufacturers in the reusable water bottles market are finding unique ways to introduce attractive and personalized reusable water bottles that can enhance the users’ experience, and ultimately, to expand their consumer base worldwide.

Although growing environmental concern are accelerating sales of reusable water bottles, their heavy weight, high cost, and maintenance requirements create major challenges for the growth of the market. In addition, some reusable water bottles can be infuriatingly difficult to clean, which is one of the leading factors to hamper the user experience, as well as sales of reusable water bottles.

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Leading manufacturers in the reusable water bottles market are incorporating advanced technologies to improve the design of reusable water bottles, which allows users to unscrew and open them in order to clean them properly. Furthermore, manufacturers are discovering more innovative ways to offer more convenience to the users with enhanced design, shape, color, materials, and styles of reusable water bottles with the help of advanced technologies.

Reusable Water Bottle Market: Segmentation
FactMR’s study has done the segmentation of the reusable water bottle market on the basis of material, product, primary usage, size, sales channel and region

Material Type
• Polymers
• Metals
• Glass
• Silicone

Product Type
• Plain
• Insulated
• Filtered
• Collapsible
• Infuser
• Growlers
• Other
• Water
• Bottles

Primary Usage
• Everyday
• Sports
• Travel
• Other Utilities

Size
• 8-12 Oz
• 16-27 Oz
• 32 Oz
• 40 Oz
• 64 Oz
• 1 Gallon and Above

Sales Channel
• Supermarkets / Hypermarkets
• Independent Stores
• E-Commerce
• Other Channels

The Fact.MR study provides thorough explanation on various factors that contribute to the development of the reusable water bottles market. It provides a comprehensive assessment on how the reusable water bottles market will grow during the assessment period 2018-2028. The Fact.MR study predicts that the reusable water bottles market will grow at a modest 3.5% value CAGR during the forecast period.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/05/09/1820900/0/en/Window-Blinds-Sales-Surge-in-Line-with-Home-Remodeling-Renovation-Activities-finds-Fact-MR.html

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