Water Bottle Market Size, Share & Industry Analysis, By Material Type (Plastic, Metal, Glass, Others), By Application (Sports, Travel, Educational Institutions, Others), By Size (0.5-1 liter, 1-2 liter, 2-3 liter) And Regional Forecast 2023-2030

Water bottle has shown increasing market expansion as people are increasingly aware of the importance of drinking enough water to help uphold their health. The product has displayed an increasing necessity as it helps to avoid the consumption of unsafe water, uphold personal hygiene, and assist to stay hydrated. The growing demand of the product among people working in physical type of jobs such as construction, sewage disposal, mining, and other is accelerating the consumption rate. The increasing innovation of smart water bottle which has activity tracker and can be integrated with electronic devices such as smartphones, smartwatch, and others act as an opportunity for market growth. For instance, Hidrate Spark 2.0A Smart Water Bottle comes with various smart features such as a water intake tracker, ability to link with both IOS and android devices, and also doesn't require charging of the battery.

The escalating number of people across the globe, increasingly participating in sports activities is estimated to have a positive impact for the market growth. For instance, according to the National Federation of State High School Associations, September 2019, is proclaiming that in 2018-2019 the United States has a total of 7,937,49 students who are participating in high school sports activities. The rising popularity of the usage of the water bottle among people taking a road trip with their motor vehicle is likely to fuel the demand. For instance, according to the United States Department of Transportation data issued, 2018, there is an assessment of 87 percent of the United States population to be taking a daily trip using their vehicles.

Nevertheless, the escalating number of drinking water offered by various public places across the globe is hampering the growth of the market.

Key Market Driver -

The rising number of people participating in sport activities around the world act as a driving factor for the market growth.

Key Market Restraint -

The increasing number of public places offer drinking water is restraining the market growth

Key Players Covered:

SIGG Switzerland AG, Nalge Nunc International Corp, Tupperware Brands Corporation, Klean Kanteen Inc, and others are the key companies operating in the water bottle market.

The water bottle market is segmented into by material type, application, size, and geography.

On the basis of product type, the market is fragmented into plastic, metal, glass, and others. Plastic bottle is estimated to be the largest market shareholder owing to possessing lightweight, which makes it easy to carry around, and being more affordable than other segments makes it more preferable.

Based on application, the market is grouped into sports, travel, educational institutions, and others(offices, restaurants, and hotels). Sports segment is projected to be the dominant on account of most sports discipline burning up a large amount of energy while playing the game, which makes sportsmen requiring water to help stay hydrated and regain the energy.

By size, the market is divided into 0.5-1 liter, 1-2 liter, and 2-3 liter. 1-2 liter is anticipated to hold the prominent share due to this size of the bottle has the ability to satisfy the need of water of most people. Additionally, this bottle size being easy to fit in a bag pack is also upsurge the consumption.

Regional Analysis:

On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Asia Pacific is estimated to be the prominent market shareholder and is projected to continue throughout the forecast period of 2020-2027. The booming growth of travel and tourism in various countries is anticipated to propel the need and demand for water bottles. For instance, according to the data published by the Invest India.Gov, is declaring that in 2018 travel and tourism was estimated to be the largest service industry in India which is assessed to be worth USD 234 billion. Furthermore, the thriving development of educational institutions leading to increase consumption of water bottles is evaluated to have a significant contribution for the market growth. For instance, according to the World Education News Review.Org, December 2019, is declaring that China has 270 million students enrolled in various levels of education and has 514,000 educational institutions.

North America is projected to have a significant presence in the water bottle market, owing to the growing number of people participating in outdoor outings has a positive impact. For instance, according to the data published by the Outdoor Foundationon’2019 Outdoor Participation Report’, is declaring that in 2018 the United States population are anticipated to went on 1 billion fewer outdoor outings.  Additionally, the rising popularity of public racing championship such as the Los Angeles Marathon, Jackson Day Race, Walt Disney World Marathon, NYC Half Marathon is helping to foster the need and demand of the product.

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Segmentation

Key Industry Developments-

• In July 2019, Valvet announced the launch of its new water bottle which is made out of 100 percent recyclable plastic.


• In October 2019, The Indian Union Minister Nitin Gadkari declared the launched of a KVI products which include bamboo water bottle.