According to a new market report published by Credence Research “Reusable Water Bottles Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the reusable water bottles market has been estimated to be valued at US$ 7.6 Bn by the end of 2016, and is expected to reach US$ 9.9 Bn by 2023, expanding at a CAGR of 4.0% from 2016 to 2023.
The purpose of the report is to illustrate the state of the market of Reusable Water Bottles, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Bottles which can be reused for multiple trips to a bottler or is reutilized by households are generally known as reused water bottles. The reusable water bottles are generally utilized to drink beverages as well as to carry from one place to another. The significantly expanded worldwide market for reusable water bottles, encircling varied products in terms of shape, size, materials, features and designs. Over the past few years, it has been notified that reusable water bottles have become linked with environmental concerns. Consumers who generally carry reusable water bottles are carrying not just to have water at hand but also as an objection against significant wastage of disposable plastic water bottles. Growing health consciousness coupled with rising purchasing power of households has intensified the demand for reused water bottles all across the globe. Changing living standard of people in developing countries such as India and China is likely to fuel the market growth of reusable water bottles all over the world over the forecast period.
Urbanization and changing lifestyle along with increasing population especially in Asian countries such as China and India, deeper inclination towards smartphones and a significant and strong distribution network is projected to bolster the growth of global reusable water bottles business between 2016 and 2023. Apart from this, rising wide variety of designed and stylish water bottles will propel the demand for reusable water bottles market across the globe in the next few years.
Reusable water bottles market is segmented on the basis of sales channel such as supermarket/hypermarket, online stores and others. Amongst this, supermarket/hypermarket segment grabbed the highest market share in the total revenue of global reusable water bottles market in 2015. The segment is anticipated to dominate during the period 2016-2023. Rising internet penetration all over the world is expected to boost the growth of online stores segment over the forecast period. The global reusable water bottles market is also segmented on the basis of usage which includes daily use, sports and travel. The sports segment is expected to observe robust growth during the forecast period. The reusable water bottles market is also bifurcated by material type such as polymer, metal, glass and silicon. Amongst all, metal segment is expected to observe significant growth and higher demand in the total worldwide reusable water bottles market till 2023.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Reusable Water Bottles buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Reusable Water Bottles contains:
Analysis and forecast of Reusable Water Bottles market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Reusable Water Bottles market;
Assessment and forecast of Reusable Water Bottles market development;
Financial and business profiles of the leading companies in the Reusable Water Bottles industry.
– Up to date working Reusable Water Bottles data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Reusable Water Bottles for the period 2018 to 2026
– Planned Reusable Water Bottles additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Reusable Water Bottles projects by region, key countries, and companies
– Details of major planned Reusable Water Bottles projects in the world up to 2026
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