The demand within the global reusable water bottles market is treading along an upward trajectory in recent times. The need for fostering sustainable practices across leading industries has brought reusable water bottles under the spotlight of attention. Moreover, the energy sector has made emphatic claims about the need for using recyclable, reusable, and environment-friendly products. The growing concerns of the energy sector about a potential environmental crisis has led them to take bold steps towards sustainability. International bodies for managing climate change and environmental damage have sent clarion calls for a change in lifestyles. All of the aforementioned factors have driven sales across the global reusable water bottles market.
Transparency Market Research (TMR), in its report, predicts
that the global reusable water bottles market would expand at a steady CAGR of
4% over the period of 2019 and 2027. The steady rate of growth can be pegged to
the inability of several industries to boycott the use of plastic products. The
total value of the global reusable water bottles market is expected to touch
US$ 1.1 Bn by the end of the forecast period. Growing demand for reusable water
bottles in the sports sector has helped in driving sales across the market.
Besides, stipulation of strict environmental policies across several countries
has also aided market growth.
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Development of Green Standards across Key Industries
Use of plastic bottles is gradually running out of practice
across several territories. There is growing relevance of reusable bottles and
containers, especially across the residential and commercial sector. Besides,
international bodies have initiated awareness campaigns about the ills of using
plastic bottles. Therefore, the global reusable water bottles market has gained
momentum over the past few years. The large brigade of environment activists
has propagated green standards across multiple industries. This factor shall
help manufacturers of reusable water bottles in increasing their profit margins
in the times to follow.
Corporate Social Responsibility (CSR) Initiatives
Use of paper and other reusable materials has helped large
companies in establishing their responsiveness towards managing environmental
degradation. Moreover, several companies have drifted away from using plastic
bottles and containers as a part of their corporate social responsibility.
Henceforth, the corporate industry is making ardent efforts towards
popularising the use reusable water bottles. Small companies are quick to draw
inspiration from larger firms, especially when the latter introduces new CSR
strategies. As large firms embrace the use of reusable water bottles, smaller
firms are expected to follow suit. Moreover, growing sophistication across the
corporate sector shall also pave way for the inflow of fresh revenues in the
market.
Some of the leading vendors operating in the global reusable
water bottles market are BRITA GmbH, Tupperware Brands Corporation, Klean
Kanteen, Inc., Contigo, Aquasana, Inc., and SIGG Switzerland AG.
The global reusable water bottles market can be segmented
by:
Material Type
- Glass
- Metal
- Polymer
- Silicone
Distribution Network
- Hyper/Supermarkets
- Independent
Stores
- Online
Sales
- Others
Primary Usage
- Everyday
- Sports
- Travel
- Others
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