Government Initiatives Toward Sustainable Packaging
is Augmenting Reusable
Water Bottle Market
People's growing awareness of the
importance of protecting the environment from harmful plastic items is driving
up demand for eco-friendly products. According to the EPA, Americans throw away
over 28 Bn bottles and jars each year, with just 26% of plastic bottles
recycled. Government agencies and other organizations are taking
initiatives to minimize this type of hazardous waste. For example,
Australia, Canada, the United States and some Indian states have banned
single-use plastic water bottles, opening up new growth opportunities for reusable
bottles. Most national parks in the United States have banned the use of
single-use plastic water bottles on their premises in order to reduce plastic
waste and raise public awareness about eco-friendly solutions. It should also
be mentioned that sales of reusable water bottles in parks have surged
dramatically in recent years following the ban on single-use water bottles. The
EPA decided to tackle single-use plastic bottle pollution in public parks by
installing reusable bottle refill water fountains. According to Frontiersin's
survey, nearly all participants (97.2%) reported having a reusable water
bottle, and more over half (56.4%) claimed that they use reusable water
bottles "all the time." In the previous two months, only 18.3% of the
sample reported using more than two single-use plastic water bottles in a
typical week. Also, nearly all (81.7%) of those who use single-use plastic
water bottles reported recycling them. Overall, researchers concluded through
this initial survey that our population already showed some sustainable
behaviours.
Rising Consumer Participation in Outdoor
Activities Boosts the Global Reusable Water Bottle Market
Reusable water bottles are in
more demand due to increasing state and foreign travel owing to advancement
in transportation and change in working culture. Furthermore, people's
preference for outdoor activities and picnics in outdoor spaces, neighbourhood
parks and public trails suggests that reusable bottles of all kinds have a
promising future. For instance, approximately 52% of Canadians are more likely
to increase their frequency of participating in outdoor recreational
activities. Since most individuals do not trust any bottle handed to them for
the drinking of water or other beverages while travelling. According to the
Plastic Soup Foundation, 1 Mn plastic bottles are sold every minute. Almost 91%
of plastic is not recycled. One of the primary elements driving the demand for
reusable bottles is the growing expansion of the sports sector. This is because
every athlete or sportsperson requires a bottle to keep them hydrated while
playing or training. Furthermore, its sports authorities are very conscious of
their intake of water or beverage, which is why the sports sector acts as a
significant fostering factor for the market's growth. According to IHRSA study
conducted as part of the Physical Activity Council, 66.5 Mn people aged 6 and
older, or more than one in every five Americans (21.8%), were members of a
fitness club or studio in 2021. Furthermore, consumers nowadays prefer cold
water in the summer and hot or moderate water in the winter. Therefore, the
innovation of a reusable bottle with the capacity to maintain liquid
temperature can act as one of the enormous opportunities for the market's expansion.
Consumers Continue to Favour Plastics Due
to Their Durability and Resistance to Corrosion
Plastic is the most popular
material, accounting for more than a 1/3 of the reusable water bottle
market. This is owing to its durability and corrosion resistance. Glass bottles
are less common than stainless steel and plastic bottles since they are heavier
and more difficult to clean. BPA-free plastic bottles have gained in popularity
over the last several years. The increased life expectancy of plastic reusable
water bottles has raised consumer interest in reusable water bottle usage,
which is helping the segment's growth. The Roundup Organization claims that the
average price of bottled water in the United States is currently US$ 1.98. If
we continue to assume that the average consumer purchases 156 disposable
plastic bottles per year, switching to a reusable bottle would save US$ 308.88
per year.
Reusable Water Bottle Market Segmentation
The global reusable water bottle
market is segmented on the basis of material, product type, primary usage and distribution
channel.
On the basis of Material:
·
Glass
·
Stainless Steel
·
Plastic
·
Silicon
·
Others
On the basis
of Product Type:
·
Plain
·
Insulated
·
Filtered
·
Collapsible
·
Infuser
·
Growlers
·
Others
On the basis
of Primary Usage:
·
Everyday
·
Sports
·
Travel
·
Others
On the basis
of Distribution Channel:
·
Specialty Stores
·
Convenience Stores
·
Supermarkets & Hypermarkets
·
Online
Increasing Consumer Awareness of The
Negative Consequences of Phthalates and BPA Might Restrain Industry Expansion
Although the market for reusable
water bottles is projected to grow steadily, several factors, such as weight
concerns and leakage concerns, are expected to limit the forum growth
and have a negative influence on the industry. Plastic reusable water bottles
are becoming more popular due to factors such as their ease of availability,
low cost and convenience. However, most reusable plastic water bottles contain
hormone disruptive compounds such as Phthalates and BPA. Phthalates can disrupt
male fertility, and BPA can cause hormonal imbalances in the body. Cancer,
neurological diseases and obesity have all been related to it. In the reusable
water bottle market, the manufacturing process is inefficient and polluting,
resulting in high energy costs and low productivity per unit production. If
these challenges are not overcome, the reusable water bottle sector may remain
a niche market with limited appeal.
A statement released by the
Coca-Cola Company states that the company is significantly focused on improving
its use of reusable packaging. By 2030, the corporation aims to have
provide at least 25% of all beverages globally in refillable/returnable
plastic or glass bottles, or in refillable containers via classic fountain or
Coca-Cola Freestyle dispensers.
Dec. 14, 2022- The National Park
Foundation (NPF) and Tupperware Brands Foundation, the non-profit subsidiary of
Tupperware® Brands Corporation, recently announced the results of their
multi-year campaign to reduce waste all through the National Park System.
Feb. 2021- Hydaway has launched a
new version of its foldable bottle that fits in a pocket. It comes in two
sizes: 25 ounces and 17 ounces, and it has a conventional cap closure as well
as a useful spout lid.
Feb. 2021- Hydaway has released a
new version of its pocket-sized collapsible bottle.
Tupperware Brands Corp., CamelBak
Products LLC, Klean Kanteen, SIGG Switzerland AG, Hydaway, Nalgene, Aquasana
Inc., Contigo and S’well are some of the prominent market players operating in
the global reusable water bottle market.
Increasing Records-Breaking Outdoor
Participation Encourages Market Expansion
North America is expected to
increase at a consistent CAGR over the forecast period. The Roundup
Organization claims, each year, over 50 Bn water bottles are sold in the United
States. Per person in the United States consumes an average of 13 bottles evey month.
According to the most recent figures, 60% of American citizens are going to
have a reusable water bottle by 2023. According to the most recent US census,
this equals to around 155 Mn people. However, around 103 Mn US adults still
don't own a reusable water bottle, which represents a sizable (and constantly
expanding) prospective market. Due to the increasing number of people
participating in various outdoor activities, it promotes product demand as a
sustainable solution for single-use plastic bottles. This trend can be due to
consumers' high levels of awareness about the negative impacts of utilising
packed mineral water bottles for outdoor activities. According to the Outdoor
Foundation's Outdoor Participation Report, 164.2 Mn or 54% of Americans aged 6
and older participated in outdoor recreation at least once in 2021. North
America is also a major market owing to its high household income and the
accessibility to different reusable bottle brands.
The report provides a detailed
overview of the reusable water bottle market insights in regions including
North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle
East and Africa. The country-specific assessment for reusable water bottle
market has been offered for all regional market share, along with forecasts,
market scope estimates, price point assessment, and impact analysis of
prominent countries and regions. Throughout this market research report, Y-o-Y growth
and CAGR estimates are also incorporated for every country and region, to
provide a detailed view of the reusable water bottle market. These Y-o-Y
projections on regional and country-level markets brighten the political,
economic and business environment outlook, which are anticipated to have a
substantial impact on the growth of the reusable water bottle market. Some key
country and region included in the reusable water bottle market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Reusable Water Bottle Market Research
Report Covers In-depth Analysis on:
·
Reusable water bottle market segments
·
Reusable water bottle market dynamics
·
Reusable water bottle market value and share
analysis
·
Recent trends, restraints, opportunities in reusable
water bottle market
·
Companies & competition involved reusable
water bottle market
·
Latest technologies in reusable water bottle
market
·
Supply chain and value chain reusable water
bottle market
·
Reusable water bottle market sales and
distribution strategies
Reusable Water Bottle Market Growth
Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Reusable water bottle industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on reusable water bottle market
forecast by countries
·
Essential information to enhance market position
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