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Reusable Water Bottle Market: A Big Approach to Recycle, Reuse to Save Environment; Demand is rising at a 4.2% CAGR

03-23-2017 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Reusable Water Bottle Market: A Big Approach to Recycle, Reuse

Worldwide reusable water bottle industry is eminently trending on the back of health-enhancing features which help introduce products with infusers for added nutritional benefits and filters for pure, clean water. In order to combat the concerns over the usage of bisphenol A (BPA), the industry now employs Tritan, a BPA-free polymer, for the production of reusable water bottles. This form of plastic flaunts a higher chemical resistance and durability and does not alter the taste of the water or add odor. The market is also expected to be propelled by the demand for smart water bottles which can record the user’s water intake and send notifications to a smartphone via Bluetooth.

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Cost-effectiveness, Eco-friendliness, and Trendiness as Top Demand Stimulants?

Reusable water bottles are perceived to be one of the cost-effective and environment-friendly options to use or store water, owing to their reusable characteristic and capability of curbing waste and the increasing strain on fossil fuels. Innovative designs in respect of carrying solutions and dispensing options have paved a way for the global reusable water bottle market to secure a commanding growth. As consumers are quickly gelling up with today’s fast-paced lifestyle and raising their living standards, manufacturers are looking to offer convenient carrying solutions such as thigh holsters and dispensing options such as push-pull.

Emerging economies have witnessed a mammoth rise in industrialization and economic growth. As a result, the working population has increased considerably. In 2015, India and China accommodated 62.0% of the Asia Pacific’s working population. The lofty adoption of reusable water bottles in working firms has raised the bar for market growth. Another factor that could soar the advancement of the market is the swelling consumer spending, especially in the U.S.

Browse Report: http://www.transparencymarketresearch.com/reusable-water-bottles-market.html

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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