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Water Bottle Market Analysis

  • Report ID: GMI6938
  • Published Date: Oct 2023
  • Report Format: PDF

Water Bottle Market Analysis

Water Bottle Market Size, By Material, 2021 – 2032, (USD Billion)

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Based on material, the market is divided into plastic, stainless steel, glass, and others. The plastic segment held around 34% market share in 2022.. These bottles, often made from materials including recycled Polyethylene Terephthalate (rPET) resonate with eco-conscious consumers. Their recyclability reduces environmental concerns and fosters sustainability. For instance, in March 2023, Al Ain introduced a novel water bottle crafted from rPET. PET, known for its excellent recyclability, is transformed into rPET after recycling, resulting in a sturdy, enduring, and endlessly recyclable material widely employed in the packaging of food & beverage products.
 

Water Bottle Market Revenue Share (%), By Distribution Channel, 2022

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Based on distribution channel, the water bottle market is categorized into online and offline. The offline segment held around USD 2.7 billion in market revenue in 2022 and is projected to grow by 2032. Supermarkets, convenience stores, and specialty retailers strategically place water bottles for easy access, making them a common sight during in-store shopping trips. The inherent advantage of these channels lies in the power of in-person exposure, enabling consumers to examine water bottles closely, assess their design, quality & size firsthand, and make informed purchase decisions. Retailers also leverage attractive displays and promotions to drive impulse purchases, enhancing the visibility & desirability of water bottles in physical stores.
 

U.S. Water Bottle Market Size, 2021 -2032, (USD Billion)

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North America dominated the global water bottle market with a major share of over 30% in 2022. Companies adopting eco-friendly materials, such as recycled plastics and biodegradable options, are resonating with environmentally conscious consumers. For instance, in December 2022, Cove, a California-based material innovation firm, collaborated with Erewhon, a Los Angeles-based premium organic grocer, to unveil Cove’s inaugural line of biodegradable water bottles. Cove’s environmental-friendly water bottles can be found in Erewhon's Los Angeles stores and are available for purchase online at cove.co.

Authors: Avinash Singh

Frequently Asked Questions (FAQ) :

Water bottle market size was USD 8.2 billion in 2022 and is anticipated to witness over 4.5% CAGR between 2023 and 2032 due to the growing focus on personal well-being and healthier beverage options over sugary alternatives

The plastic material segment held 34% share of the industry in 2022 owing to benefits, such as recyclability, reduced environmental concerns and sustainability

North America garnered over 30% share of the water bottle industry in 2022 due to growing adoption of eco-friendly materials, such as recycled plastics and biodegradable options

Some of the prominent market players include Contigo, S'well, Klean Kanteen, Hydro Flask, CamelBak, Nalgene, and Thermos

Water Bottle Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 513
  • Countries covered: 20
  • Pages: 250
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