According to a new report Global Reusable Water Bottle Market, published by KBV research, The Global Reusable Water Bottle Market size is expected to reach $82 billion by 2026, rising at a market growth of 8.2% CAGR during the forecast period.
On the basis of distribution channels, supermarkets and hypermarkets garnered the maximum market share in 2019. It is attributed to the ease of availability of a wide range of products under one roof and powerful layout encourages people to buy more products from these big stores. Moreover, the instant availability of various products in the store helps consumers to choose appropriate product and then purchase it quickly instead of waiting for the delivery which is possible in online stores, it further drives customers to opt for the product through this sales channel.
By region, Asia-Pacific emerged as a leading region with a significant share in 2019. It is due to the huge population of the region, increasing usage of reusable water bottles, and the less cost of production in nations like China and India. This region would show the similar trend during the forecast period owing to the development in the nations and rising disposable income of people in this region. The North America market is expected to witness a CAGR of 6.9% during (2020 - 2026).
The Plastic market dominated the Global Reusable Water Bottle Market by Material Type in 20. Reusable plastic bottles provide a wide range of benefits in comparison to traditional single-use plastic bottles. These bottles are handy, convenient and eco-friendly substitute of single-use plastic bottles, which is why it is gaining popularity among the population. The Stainless Steel market is estimated to grow at a CAGR of 7.2% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/reusable-water-bottle-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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