The Latin America, Middle East and Africa Reusable Water Bottle Market would witness market growth of 9.2% CAGR during the forecast period (2020-2026). There is a huge plastic waste dumped every day that has a harmful effect on the environment as well as people. This increasing plastic waste along with the shifting consumer preference towards maintaining a healthy lifestyle is fueling the growth of the reusable water bottle market.
Along with this, the changing lifestyles and rising disposable income are also contributing to the growth of the market. Reusable water bottles are easy to use, eco-friendly option, which is why people are shifting to reusable water bottles to reduce the carbon footprint that can further decrease pollution. These factors are all together surging the growth of the market. By identifying these changing preferences of consumers, key market players are introducing new & innovative products in different materials, designs, and technology. These innovations include a push-button Reusable Water Bottle, Vacuum Insulated Stainless Steel Water Bottle, removable silicone sleeves Glass Water Bottle, Sports Water Bottle with Filter, and several others.
The rising urbanization and ever-changing lifestyle of people are among the major factor driving the growth of the market around the world. There are many people who are opting for a healthy lifestyle and are focusing on maintaining a sustainable environment, thereby opting reusable water bottles than any other one-time use water bottles. In addition, several initiatives taken by the government and non-government authorities in order to save aquatic life from toxic plastic which is dumped into oceans & other water bodies, are contributing to the rising demand for the product across the globe.
The Plastic market dominated the South Africa Reusable Water Bottle Market by Material Type in 2019, thereby, achieving a market value of $460.6 million by 2026. The Stainless Steel market is showcasing a CAGR of 8.6% during (2020 - 2026). Additionally, The Silicone market is expected to witness a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Reusable Water Bottle Market in LAMEA is expected to register a CAGR of 9.2% 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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