DUBLIN–(BUSINESS WIRE)–”Reusable Water Bottles” by material type (glass, plastic, stainless steel), distribution channel (supermarkets and hypermarkets, online), region and segment The Market Size, Share and Trends Analysis Report “Forecast, 2022-2030″ report has been added to ResearchAndMarkets.com’s offerings.
The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, growing at a CAGR of 4.3%
Government regulations and anti-plastic campaigns are encouraging consumers to switch to single-use water bottles and pushing manufacturers to develop eco-friendly products.Furthermore, various campaigns aimed at raising awareness discourage the widespread use of single-use bottles in sports and public spaces, which is expected to boost the market growth.Some governments have done the same.
For example, in February 2019, UNICEF and the Maldivian Ministry of Education decided to provide reusable water bottles to all first-year students in the Maldives.In addition, rising consumer environmental awareness is likely to remain the fundamental driver of the market.As a result, most of the leading players in the market have adopted new strategies, often out of a need to improve the consumer experience.
During the COVID-19 pandemic, consumers have avoided brick-and-mortar shopping in favor of online shopping.This situation has prompted manufacturers to distribute their products through online channels, which promote the use of reusable water bottles.
For example, this trend has encouraged many new entrants and existing companies, such as 24Bottles, Friendly Cup and United Bottles, to use online traction to increase sales.In terms of material types, the plastics segment is expected to witness the fastest CAGR between 2022 and 2030.
Sustainability has become a major issue due to the surge in plastic waste from single-use plastic water bottles, and several countries including India, Canada, the UK and France have banned single-use plastics and are promoting the reuse and refilling of bottles. will drive the growth of the segment.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours US/Canada Toll Free 1-800-526-8630 GMT Office Hours dial +353- 1- 416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 1-917-300-0470 ET Office Hours US/Canada Toll Free 1-800-526-8630 GMT Office Hours dial +353- 1- 416-8900