Reusable Water Bottle Market Report

People's growing awareness of the importance of protecting the environment from harmful plastic items is driving up demand for eco-friendly products. According to the EPA, Americans throw away over 28 Bn bottles and jars each year, with just 26% of plastic bottles recycled.   Government agencies and other organizations are taking initiatives to minimize this type of hazardous waste. For example, Australia, Canada, the United States, and some Indian states have banned single-use plastic water bottles, opening up new growth opportunities for reusable bottles. Most national parks in the United States have banned the use of single-use plastic water bottles on their premises in order to reduce plastic waste and raise public awareness about eco-friendly solutions. It should also be mentioned that sales of reusable water bottles in parks have surged dramatically in recent years following the ban on single-use water bottles.

The EPA decided to tackle single-use plastic bottle pollution in public parks by installing reusable bottle refill water fountains. According to Frontiersin's survey, nearly all participants (97.2%) reported having a reusable water bottle, and more over half (56.4%) claimed that they use reusable water bottles "all the time." In the previous two months, only 18.3% of the sample reported using more than two single-use plastic water bottles in a typical week. Also, nearly all (81.7%) of those who use single-use plastic water bottles reported recycling them. Overall, researchers concluded through this initial survey that our population already showed some sustainable behaviors.

Reusable water bottles are in more demand due to increasing state and foreign travel owing to advancements in transportation and changes in working culture. Furthermore, people's preference for outdoor activities and picnics in outdoor spaces, neighborhood parks,,s and public trails suggests that reusable bottles of all kinds have a promising future. For instance, approximately 52% of Canadians are more likely to increase their frequency of participating in outdoor recreational activities. Since most individuals do not trust any bottle handed to them for the drinking of water or other beverages while traveling. According to the Plastic Soup Foundation, 1 Mn plastic bottles are sold every minute. Almost 91% of plastic is not recycled. One of the primary elements driving the demand for reusable bottles is the growing expansion of the sports sector. This is because every athlete or sportsperson requires a bottle to keep them hydrated while playing or training.

Furthermore, its sports authorities are very conscious of their intake of water or beverages, which is why the sports sector acts as a significant fostering factor for the market's growth. According tan o IHRSA study conducted as part of the Physical Activity Council, 66.5 Mn people aged 6 and older, or more than one in every five Americans (21.8%), were members of a fitness club or studio in 2021. Furthermore, consumers nowadays prefer cold water in the summer and hot or moderate water in the winter. Therefore, the innovation of a reusable bottle with the capacity to maintain liquid temperature can act as one of the enormous opportunities for the market's expansion.

• Sustainable materials like bamboo and stainless steel gaining popularity.
• Smart bottles with hydration tracking and reminders are on the rise.
• Customizable designs and personalization options becoming more prevalent.
• Increased demand for insulated bottles for temperature retention.

Plastic is the most popular material, accounting for more than a 1/3 of the reusable water bottle market. This is owing to its durability and corrosion resistance. Glass bottles are less common than stainless steel and plastic bottles since they are heavier and more difficult to clean. BPA-free plastic bottles have gained in popularity over the last several years. The increased life expectancy of plastic reusable water bottles has raised consumer interest in reusable water bottle usage, which is helping the segment's growth. The Roundup Organization claims that the average price of bottled water in the United States is currently US$ 1.98. If we continue to assume that the average consumer purchases 156 disposable plastic bottles per year, switching to a reusable bottle would save US$ 308.88 per year.

Although the market for reusable water bottles is projected to grow steadily, several factors, such as weight concerns and leakage concerns, are expected to limit the forum growth and have a negative influence on the industry. Plastic reusable water bottles are becoming more popular due to factors such as their ease of availability, low cost, and convenience. However, most reusable plastic water bottles contain hormone-disruptive compounds such as Phthalates and BPA. Phthalates can disrupt male fertility, and BPA can cause hormonal imbalances in the body. Cancer, neurological diseases, and obesity have all been related to it. In the reusable water bottle market, the manufacturing process is inefficient and polluting, resulting in high energy costs and low productivity per unit production. If these challenges are not overcome, the reusable water bottle sector may remain a niche market with limited appeal. 

A statement released by the Coca-Cola Company states that the company is significantly focused on improving its use of reusable packaging. By 2030, the corporation aims to have provide at least 25% of all beverages globally in refillable/returnable plastic or glass bottles, or in refillable containers via classic fountain or Coca-Cola Freestyle dispensers.

Dec. 14, 2022- The National Park Foundation (NPF) and Tupperware Brands Foundation, the non-profit subsidiary of Tupperware® Brands Corporation, recently announced the results of their multi-year campaign to reduce waste all through the National Park System. Feb. 2021- Hydaway has launched a new version of its foldable bottle that fits in a pocket. It comes in two sizes: 25 ounces and 17 ounces, and it has a conventional cap closure as well as a useful spout lid. Feb. 2021- Hydaway has released a new version of its pocket-sized collapsible bottle.

Tupperware Brands Corp., CamelBak Products LLC, Klean Kanteen, SIGG Switzerland AG, Hydaway, Nalgene, Aquasana Inc., Contigo, and S’well are some of the prominent market players operating in the global reusable water bottle market.

North America is expected to increase at a consistent CAGR over the forecast period. The Roundup Organization claims, that each year, over 50 billion water bottles are sold in the United States. Per person in the United States consumes an average of 13 bottles every month. According to the most recent figures, 60% of American citizens are going to have a reusable water bottle by 2023. According to the most recent US census, this equals around 155 million people. However, around 103 million US adults still don't own a reusable water bottle, which represents a sizable (and constantly expanding) prospective market. Due to the increasing number of people participating in various outdoor activities, it promotes product demand as a sustainable solution for single-use plastic bottles. This trend can be due to consumers' high levels of awareness about the negative impacts of utilizing packed mineral water bottles for outdoor activities. According to the Outdoor Foundation's Outdoor Participation Report, 164.2 Mn, or 54% of Americans aged 6 and older participated in outdoor recreation at least once in 2021. North America is also a major market owing to its high household income and the accessibility to different reusable bottle brands.

The report provides a detailed overview of the reusable water bottle market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, the Middle East, and Africa. The country-specific assessment for the reusable water bottle market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the reusable water bottle market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the reusable water bottle market. Some key countries and region included in the reusable water bottle market report are as follows:

• Reusable water bottle market detailed segments and segment-wise market breakdown
• Reusable water bottle market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in reusable water bottle industry)
• Current, historical, and forthcoming 10 years market valuation in terms of reusable water bottle market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Reusable water bottle market demand analysis
• Reusable water bottle market pricing analysis over the  forecast period (by key segment and by region)
• Reusable water bottle market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the reusable water bottle market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the reusable water bottle market
• Reusable water bottle market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the reusable water bottle market forecast by countries
• Mergers and acquisitions in the reusable water bottle market
• Essential information to enhance market position
• Robust research methodology