Reusable Water Bottles Market Revenue Growth Predicted by 2019 to 2029
A recent market study published by Fact.MR provides a holistic analysis of various trends, drivers, and restraints of the reusable water bottles market. According to the Fact.MR study, the reusable water bottles market will envisage 3.1% y-o-y over 2017 to exceed US$ 8,347 million by the end of 2018. The Fact.MR study remains bullish on the continual rise in demand for reusable water bottles, as growing environmental concerns are driving consumers as well as end-use industrial sectors to switch to eco-friendly alternatives of single-use water bottles.
Concerns over alarming rise in plastic waste, has initiated various movements aimed at curtailing its use. The ongoing war against plastic is exhorting consumers to shift away from single-use water bottles towards reusable water bottles. Increasing environmental awareness among consumers is likely to remain the fundamental driver for the growth of the reusable water bottles market.
Competitive Assessment: The keyword market report includes global as well as emerging players:
- Cool Gear International LLC
- Nathan Sports, Inc.
- Nalge Nunc International Corp.
- Bulletin Brands LLC
Reusable Water Bottles Market: Manufacturers Incorporate Advanced Technologies to Introduce Innovation
A majority of leading players in the reusable water bottles market have adopted innovation strategies, which are commonly driven by the need to improve the consumer experience. Manufacturers in the reusable water bottles market are finding unique ways to introduce attractive and personalized reusable water bottles that can enhance the users’ experience, and ultimately, to expand their consumer base worldwide.
Although growing environmental concern are accelerating sales of reusable water bottles, their heavy weight, high cost, and maintenance requirements create major challenges for the growth of the market. In addition, some reusable water bottles can be infuriatingly difficult to clean, which is one of the leading factors to hamper the user experience, as well as sales of reusable water bottles.
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Reusable Water Bottles Market: Plastic vs. Metal vs. Glass – What are Consumers Choosing?
Stakeholders in the reusable water bottles market are focusing on making use of innovative types of raw materials to manufacture reusable water bottles that can meet dynamics end-user demands. Leading manufacturers in the reusable water bottles market are launching unique patterns, designs, and styles of various material types, such as metal, polymer, and glass.
According to the Fact.MR study, the demand and sales of polymer and metal reusable water bottles, together will account for the largest revenue share of more than 60% in the reusable water bottles market by 2018. The Fact.MR study finds that manufacturers in the reusable water bottles market are preferring to manufacture reusable water bottles using polymers or metal over glass.
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The Fact.MR study provides thorough explanation on various factors that contribute to the development of the reusable water bottles market. It provides a comprehensive assessment on how the reusable water bottles market will grow during the assessment period 2018-2028. The Fact.MR study predicts that the reusable water bottles market will grow at a modest 3.5% value CAGR during the forecast period.