The global reusable water bottles market is showing unfaltering development over the past few years as buyers are progressively preferring reusable water bottles instead of single-use bottles. Reusable water bottles that are made of glass, metal, silicone, or polymer offer high strength and quality that one-time use water bottles need. Product makers are trying to present novel items that serve buyer demand and preferences.
The developing awareness to diminish plastic waste is additionally acting towards growth of reusable water bottles market. Purchasers are progressively changing to reusable water bottles that don’t utilize plastic and the material utilized can be totally reused.
Nevertheless, high deliverability and simple accessibility of filtered water makes a strong purpose behind customers to cease from utilizing reusable water bottles.
A report by Transparency Market Research (TMR) projects the global reusable water bottles market to expand at a CAGR of 3.6% within the forecast period from 2017 to 2025, for the market to end up worth US$10.4 bn before the forecast period from US$7.6 bn back in 2016.
By distribution channel, the global reusable water bottles market has been sorted into independent stores, hyper/supermarket, online sales, and so on in this market. Out of all, the hyper/supermarket segment is foreseen to hold strength representing somewhat more than 35% of the entire market in the span of upcoming years.
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Geographically, the report classifies the global reusable water bottles market into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific, is foreseen to lead the market as far as both volume and value. As per volume, in 2017, the utilization of reusable water bottles is evaluated to be around 3,902,642 thousand units and further ascent to 418,208 thousand units expanding at a CAGR of 4.2% in coming years.