Reusable Water Bottles Market: Key Drivers and On-going Trends

Posted by Kishor on April 22nd, 2019

The global reusable water bottles market is fragmented due to the presence of large number of players in the market. In 2016, five players in the market held 6% share in the global market. The market is experiencing intense competition as new players keep entering the market by offering high potential growth in the market. Several players in the market use business strategies such as these players make efforts in introducing new products and expand the production line. These players also make huge investment in strategic alliance and collaboration to make a firm hold in the market and to increase their geographical reach.

Some of the prominent players in the market are SIGG Switzerland AG, Tupperware Brands Corporation, Brita GmbH, Nalge Nunc International Corp., CAMELBAK PRODUCTS LLC, and Klean Kanteen Inc.

According to TMR, the global reusable water bottles market is projected to expand at 3.6% CAGR during the forecast period between 2017 and 2025. The global reusable water bottles market is estimated to reach US.4 bn by the end of forecast tenure.

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Based on material, it has been projected that the metal segment is likely to lead the market by holding 33% of the total share in the global market. However, during the forecast period from 2017 to 2025, polymer segment is projected to lead the market by growing at 3.9% CAGR.

Highlights of the report

• Players also make huge investment in strategic alliance and collaboration
• Increasing Preference for Convenience Product to Boost Market Growth
• High Cost of Raw Material to Limit Demand for Reusable Water Bottles