A fresh report has been added to the wide database of Fact.MR. The research study is titled "Reusable Water Bottles Market Analysis, Size, Share, Trends & Growth Projections Studied during 2018-2028" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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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.
Thermos L.L.C., a leading food & beverage container manufacturer, recently launched a new beverageware line in collaboration with the style-makers at Patina Vie. The company announced that the Thermos Patina Vie line includes a 16-ounce beverage bottle, which is vacuum-insulated and BPA-free. The new product line by Thermos includes reusable water bottles with stylish patterns to offer consumers a "fashionable way to hydrate" at home or at work.
Thermos also recently acquired Lifefactory, Inc. – a leading manufacturer glass-reusable water bottles and food storage products. With this acquisition, the company is aiming to establish a stronger presence in the category of reusable water bottles manufactured using glass.
S’Well Corporation, another leading player in the reusable water bottles market, recently announced the launch of the new clickable drink-thru Sport Cap for reusable water bottles, to expand its sports collection of reusable water bottles. The company also launched two new products – S’well Tumbler and S’well Traveler – which signifies the company’s strategic focus on consumers’ specific requirements associated with reusable water bottles. S’well Tumbler and S’well Traveler are reusable water bottles, manufactured using food-grade, BPA-free stainless steel, and available in three sizes -- 12oz., 16oz., and 20oz.
Cool Gear, International LLC, a leading manufacturer in the reusable water bottles market, recently launched its new Cayambe collection of stainless steel reusable water bottles, after launching its f its new System Series of BPA free reusable water bottles. The company is focusing on introducing innovative graphics and colors and a variety of sizes of reusable water bottles to maintain an edge in the reusable water bottles market.
Reusable water bottles are manufactured using materials such as metal, glass, silicone, or polymers, which can be recycled or used multiple times. Using reusable water bottles can mitigate the negative impact of disposable water bottles on the environment. Growing awareness about the environmental footprint for disposable or single-use water bottles in boosting adoption of reusable water bottles, which helps in reducing plastic waste to a greater extent.
Various types of reusable water bottles, such as insulated bottles, collapsible bottles, and growlers, are used by consumers at home, during fitness activities, or while traveling.
About the Report
Fact.MR recently published an exclusive forecast study on the reusable water bottles market to predict its growth prospects during the forecast period 2018-2028. The foremost objective of the Fact.MR report on reusable water bottles market is to provide valuable insights on demand generators, market scenario, and product developments in reusable water bottles market. Also, the study on reusable water bottles market addresses accurate and reliable qualitative and quantitative estimates about the future prospects of the reusable water bottles market.
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Reusable Water Bottles Market Analysis, Size, Share, Trends & Growth Projections Studied during 2018
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