The ongoing global battle against the use of plastic water bottles is mainly driven by increasing environmental concerns and negative impacts of plastic waste on the ecosystem. The reusable water bottles market is witnessing positive growth with a majority of consumers becoming highly aware of the environmental footprint of the products they use.
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Various campaigns to ban disposable or single-use water bottles is further providing an impetus to the development of the Reusable Water Bottles Market. Manufacturers in the reusable water bottles market are banking on the governmental regulations and anti-plastic movements that are encouraging consumers to switch to environment-friendly alternatives of disposable water bottles.
Furthermore, disposable water bottles made of plastics pose risks to the environment as well as to the human health, as various chemicals and toxic plastic components are transferred from the bottle to the water. As disposable plastic bottles raise numerous health and environmental concerns, a large consumer base worldwide is making a shift to reusable water bottles, driving growth of the reusable water bottles market.
Reusable Water Bottles – Not only a Utility but a Status Symbol
As consumers are carrying their reusable water bottles everywhere, they are visible to everyone and they have a common appearance in consumers’ lifestyles. Thereby, reusable water bottles are not only a utility, but have become a status symbol for most consumers across the globe. Consumers are willing to pay more for attractive and stylish designs of reusable water bottles, which is emerging as a popular trend in the reusable water bottles market.
Furthermore, the interconnection between the wellness industry and fashion industry is bolstering the demand for bespoke reusable water bottles among modern consumers. Thereby, various luxury brands, such as Kate Spade and H&M, have rolled out their own designs of reusable water bottles to cater to the dynamic needs of fashionable and stylish designs. A mounting number of affordable luxury brands entering the reusable water bottles market are likely to change the upcoming trends in the market.
Hotel Industry Focuses on Reducing Plastic Waste; Triggers Adoption of Reusable Water Bottles
The reusable water bottles market is gaining momentum and the global hotel industry transitioning towards sustainable and environment-friendly ways to reduce plastic waste. A majority of stakeholders in the hotel industry are doing away with the use of disposable or single-use water bottles and are more inclined towards offering reusable water bottles to their guests and customers.
Furthermore, the sustainability-minded approach of customers towards selecting a hotel is encouraging stakeholders in the hotel industry to create the eco-friendly identity of their hotels by shifting from disposable to reusable water bottles. Public awareness about burgeoning plastic waste and plastic-reduction strategies of hotels in regions across the globe are complementing growth of the reusable water bottles market.
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High Cost and Low Convenience Restrict Global Sales of Reusable Water Bottles
With the changing lifestyle of consumers, convenience got the highest priority in factors that are impacting their purchasing decisions. Reusable water bottles can be heavier and less convenient that disposable water bottles, which do not need to be cleaned. Reusable water bottles, especially those made of glass, are fragile, more expensive, and difficult to clean, which may create an aversion among consumers to purchase reusable water bottles.
Furthermore, most reusable water bottles are heavier than single-use water bottles, which adds heavily to the transportation cost, ultimately increasing the production cost of reusable water bottles. This makes it difficult for manufacturers in the reusable water bottles market to introduce competitive prices. High selling price and maintenance requirements of reusable water bottles may hamper growth of the reusable water bottles market in the upcoming years.
Reusable, Plastic Water Bottles Don’t Pose a Perfect Solution; Trigger Health Concerns
Despite the rising sales of reusable water bottles owing to their positive, eco-friendly image, the reusable water bottles market is witnessing hindrance from the health concerns of consumers about the safety of reusable, plastic water bottles. Albeit minimal, the chemicals leached from plastic used in reusable water bottles can migrate into the water, posing risks to the health of consumers. Thereby, consumer awareness about the possibility of reusable water bottles leaching harmful chemicals may restrict the adoption of reusable water bottles and ultimately, the growth of the reusable water bottles market.
Competitive Landscape
The Fact.MR report features important insights about the recent developments in the reusable water bottles market along with the detailed information about the winning strategies adopted by leading manufacturers in the reusable water bottles market. This chapter includes detailed information about each stakeholder in the metal packaging coatings market, and the information includes, key financials, SWOT analysis, and recent strategies of each player in the reusable water bottles market.
The leading players in the reusable water bottles market featured in the Fact.MR report are CamelBak Products, LLC, BRITA GmBH, Klean Kanteen, Inc., Tupperware Brands Corporation, Contigo, Zhejiang Haers Vacuum Containers Co. Ltd., AQUASANA, Inc., Bulletin Bottle, Thermos LLC, Nalge Nunc International Corp., S’Well Corporation, O2COOL, LLC, Nathan Sports, Inc., Cool Gear, International LLC, Soma Water, Inc., and BKR.
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