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Published Date: 2016-10-21Number of Pages: 185

Reusable Water Bottle Market (Material Type - Polymer, Metal, Glass, and Silicone; Distribution Network - Supermarket/Hypermarket, Independent Stores, and Online Sales; Primary Usage - Everyday, Sports, and Travel) - Global Industry Analysis and Forecast 2016 - 2024

Global Reusable Water Bottle Market: Snapshot

The extremely diversified global market for reusable water bottles, encompassing numerous product varieties in terms of material, size, shape, and designs, features presence of a large number of water bottle manufacturers vying for a share in the market through the introduction of innovative products. The trends of increased usage of BPA-free materials and rising adoption of smart bottles are expected to have a profound influence on the overall development of the market in the next few years.

Transparency Market Research estimates that the market will expand at a 4.2% CAGR over the period between 2016 and 2024. Expanding at this pace, the market, which valued at US$7.04 bn in 2015, is expected to surpass US$10.19 bn by 2024.

reusable water bottle market

Polymer-based Reusable Water Bottles to Remain Most Lucrative Product Variety

Based on the type of material used to manufacture reusable water bottles, the market has been segmented into polymer, metal, silicone, and glass. Of these, the polymer-based reusable water bottles is presently the leading segment owing to its wide availability, differentiating features, and low cost. Based on TMR’s consumer survey analysis, the segment is ranked first in terms of the penetration level of reusable water bottles across the worlds and is expected to remain a prominent choice for respondents to purchase in the near future as well.

The segment of polymer-based reusable water bottle is also expected to be the dominant contributor to the revenues of the global reusable water bottle market over the forecast period. The increasing adoption of the “Tritan” material, which is a low cost, BPA-free, and recyclable polymer, will help boost the consumption of polymer-based reusable water bottles.

Trailing the segment of polymer-based reusable water bottles is the segment of metal bottles. Features of metal bottles such as durability, easy availability in insulated varieties, which help keep water hot or cold for longer periods of time, and availability of several metal varieties for making metal bottles work in their favor. By 2024, the segment of metal reusable water bottles is expected to account for nearly 33.5% of the global market.

Asia Pacific to Retain Dominance in Terms of Production as well as Consumption

In terms of geography, the market for reusable water bottles in Asia Pacific is projected to be the one with the most promising growth in the global market. The regional market is expected to exhibit a CAGR of 5.0% over the period between 2016 and 2024. The region is expected to be highly favorable in terms of incremental opportunities for revenue generation. It is expected to account for a 34.3% of the global market in 2016, followed by Europe and North America.

The flourishing retail sector in Asia Pacific on the backdrop of increasing numbers of supermarkets/hypermarkets and a rapidly evolving e-commerce platform have led to the rise in the revenues of the region’s reusable water bottle market. The market for reusable water bottles is also driven by the growing middle income population, rising disposable incomes, and the improving living standards in the region. China is likely to continue to dominate the Asia Pacific market for reusable water bottle over the forecast period. China is not only a prominent consumer of reusable water bottles but also takes the top spot when it comes to the presence of large scale manufacturers of reusable water bottles.

Mature markets for reusable water bottles such as Europe and North America are highly regulated and are likely to create a substantial demand for reusable water bottle worth US$3.72 bn in 2016, approximately 3.2% higher than the previous year. Latin America and Middle East and Africa are estimated to collectively represent 14.8% of global reusable water bottle market in 2016.

Some of the key vendors operating in the global reusable water bottle market are CamelBak Products LLC, Klean Kanteen, Contigo, Sigg, Aquasana Inc, HYDAWAY, Bulletin Bottle, Thermos LLC, Thermo Fisher Scientific Inc., and Flaska.

 

Global Reusable Water: Scope and Methodology

This Transparency Market Research report examines the global reusable water bottle market for the forecast period 2016-2024. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global reusable water bottle market. 

Reusable water bottle market is considered as an extreme diversified market due to the presence of a large number of water bottles manufacturer along with vast a variety of reusable water bottle, in terms of size, shapes and design. Moreover, the reusable water bottle market can be distributed on the basis of material type such as polymer, metal, glass and silicone, wherein Tritan based polymer is gaining huge traction as it is a BPA free polymer which is low in cost and widely available. In addition to this, the distribution network of reusable water bottle market can be segmented into supermarket/hypermarket, independent stores, online sales and other distribution channel such as direct distribution, etc.

Furthermore, the reusable water bottles market has witnessed a shift from the conventional reusable water bottle in order to bring substantial benefit to the consumer in terms of health. The manufacturer has initially shifted their focus towards reusable water bottle with filters and infusers, wherein, reusable water bottle with filters is required to provide pure clean water and reusable water bottle with infuser will provide nutritious health benefits depends upon the type of fruit or herb is added. According to our global consumer survey analysis, the major critical issue faced by the respondents is “cleaning”.

Global Reusable Water: Segmentation

In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of material type, distribution network, primary usage and region. The report analyses the global reusable water bottle market in terms of value (US$ Mn) and volume (‘000 Units).

The report begins with an overview of the global reusable water bottle market, evaluating market performance in terms of revenue and volume, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report. Apart from these information, the report also includes consumer survey analysis collected from 108 consumers across five geographies to equip the client with crystal-clear understanding of consumer behavior and make strategic decisions.

Material type assessed in the report are:

  • Polymer
  • Metal
  • Glass
  • Silicone

Distribution network assessed in the report are:

  • Supermarket/Hypermarket
  • Independent Stores
  • Online Sales
  • Others

Primary Usage assessed in the report are:

  • Everyday
  • Sports
  • Travel
  • Others

The report further analyses the market based on material type and presents the forecast in terms of value and volume for the next eight years. The next section of the report analyses the global reusable water bottle market on the basis of distribution network and presents the forecast for the next eight years. The report further analyses the market based on primary usage and presents the forecast in terms of value and volume for the next eight years. Following this section includes analysis of the global reusable water bottle market on the basis of region and forecast in terms of value and volume for the next eight years.

Regions assessed in the report are:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA) 

To compute the market size, in-depth secondary research is done.  Data points such as regional splits and market split by material type, distribution network and primary usage as well as qualitative inputs from primary respondents have been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of reusable water bottle market.

TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of reusable water bottle market.

TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

Another vital feature of this report is the analysis of the reusable water bottle market by region, material type, distribution network and primary usage and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the global liquid packaging market. 

To understand key segments in terms of their growth and performance in the reusable water bottle market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global reusable water bottle market.

In the final section of the report, reusable water bottle market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of reusable water bottle market. The report contains company profiles of some of the key players in the global reusable water bottle market.

Key market players featured in this report are:

  • CAMELBAK PRODUCTS LLC,
  • Klean Kanteen,
  • Contigo,
  • SIGG,
  • AQUASANA INC,
  • HYDAWAY,
  • Bulletin Bottle,
  • Thermos LLC,
  • Thermo Fisher Scientific Inc.


 
 
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