The Europe Reusable Water Bottle Market would witness market growth of 7.9% CAGR during the forecast period (2020-2026). Over the years, people’s living standard has improved around the world, and these people are highly aware of the increasing health concerns.
In addition, there is a rising awareness about the severe effects of utilizing non-biodegradable water bottles among people across the world. All these aspects are surging the demand for reusable water bottles. Moreover, the purchasing power of consumers has increased over the years, and there is more inclination of people to use convenience goods. It is further estimated to propel the growth of the market in the coming years.
The price range of reusable water bottles depends on company to company and different factors such as material type, from BPA-free plastic to stainless steel and glass. Plastic water bottles are inexpensive to manufacture than those which are made up of stainless steel and glass, which is a motivating and appealing factor for consumers. The price of raw materials and the cost of labor are rising in general. Many companies are obtaining considerable profit margin in the manufacturing and marketing of Reusable Water Bottle. This aspect further encourages many other new players to enter the reusable water bottle market.
The outbreak of the covid-19 pandemic has negatively affected the global retail & consumer goods sector due to the lockdown restrictions around the world, which has disturbed the manufacturing and supply chain of various sectors. To cope up with these adverse impacts of the pandemic, manufacturers are finding out some ways to continue the supply chain activities and manage capacity barriers that could stop them from catering to ever-increasing customer needs.
The Germany market dominated the Europe Specialty Stores Market by Country in 2019, thereby, achieving a market value of $652.6 million by 2026. The UK market is exhibiting a CAGR of 10.7% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 13.4% during (2020 - 2026).
Based on Material Type, the market is segmented into Plastic, Stainless Steel, Silicone, Glass and Other Material Types. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Online and Specialty Stores. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Reusable Water Bottle Market in Europe is expected to register a CAGR of 7.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., A. O. Smith Corporation, Newell Brands, Inc., Vista Outdoor, Inc. (CamelBak Products LLC), Groupe SEB, Tupperware Brands Company, SIGG Switzerland Bottles AG (Zhejiang Haers Vacuum Containers Co., Ltd.), Klean Kanteen, Hydaway LLC, and Bulletin Bottle.
By Material Type
By Distribution Channel
By Country
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