Global Smart Bottle Market Anticipated to Register Strong Growth at a CAGR of 14.3% during 2016-2024

In recent times, the global market has witnessed numerous examples of how making products smart can enhance consumer experiences. Smart bottles have become one of the most exciting objects to make their way into the world of smart technologies. Also, the accelerating trend of adopting smart technologies is expected to benefit the global market for smart bottles in the forthcoming years, finds a new study added to the wide database of Market Research Hub, with a title of “Smart Bottle Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024”. This forecast report provides readers a snapshot of the current state of the market and elaborates the major factors that will influence its growth through the period 2016-2024.

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Smart bottles are the technologically advanced bottles which have wireless communication abilities for connecting with computing devices including smartphones or wearables and an artificial memory that provides alerts through display or sound system, are one of the most popular products in the technological world. The report starts with an overview of the global smart bottle market, valuing market performance in terms of revenue, followed by analysis of key trends, drivers and restraints witnessed in the global market. By looking at the various factors available in the market, research analysts estimate that the global smart bottle market, which stood at US$88.6 million in 2016, will reach US$258.8 million by the end of 2024, witnessing a strong CAGR of 14.3% between 2016 and 2024.

Moreover, the report includes a detailed overview of the key product types, major application areas and growth prospects across key regional markets, where the market has huge potential. By application type, the report has segmented into Water bottle, Alcoholic Beverage Bottle, Pharmaceutical Bottle and others. Of these, the segment of water bottles is currently the leading revenue contributing application segment in the global smart bottle market. With applications presently spanning across the drinking water, alcoholic beverages sectors and pharmaceutical, smart bottles are increasingly gaining traction.

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Geographically, the report has been segregated into some prime regions, such as Europe, North America, Middle East and Africa, Latin America and Asia-Pacific. As per the findings, North America is the prominent region and holds the dominant share in the global smart bottle market, due to strong technology embedded manufacturing capabilities in the region. Additionally, a detailed analysis is provided for every segment in terms of market size for smart bottle market across the various regions.

In the concluding section, smart bottle market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of smart bottles. Some of the key players operating in the global smart bottle market include Myhydrate, Spritz, Thermos LLC, Adheretech Inc., Sippo, Kuvee, Inc., Hidrate Inc., Hydrasmart, Trago, Inc. and Ecomo Inc.

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This release was published on openPR.