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Global Reusable Water Bottle Market: Rising Focus on Environmentally Sustainable Products to Stimulate Growth Prospects

  • Date Submitted: 10/24/2016 11:55 PM
  • Flesch-Kincaid Score: 35.6 
  • Words: 757
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The extremely diversified global market for reusable water bottles, encompassing numerous product varieties in terms of material, size, shape, and designs, features presence of a large number of water bottle manufacturers vying for a share in the market through the introduction of innovative products. The trends of increased usage of BPA-free materials and rising adoption of smart bottles are expected to have a profound influence on the overall development of the market in the next few years.

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Transparency Market Research estimates that the market will expand at a 4.2% CAGR over the period between 2016 and 2024. Expanding at this pace, the market, which valued at US$7.04 bn in 2015, is expected to surpass US$10.19 bn by 2024.

Polymer-based Reusable Water Bottles to Remain Most Lucrative Product Variety

Based on the type of material used to manufacture reusable water bottles, the market has been segmented into polymer, metal, silicone, and glass. Of these, the polymer-based reusable water bottles is presently the leading segment owing to its wide availability, differentiating features, and low cost. Based on TMR’s consumer survey analysis, the segment is ranked first in terms of the penetration level of reusable water bottles across the worlds and is expected to remain a prominent choice for respondents to purchase in the near future as well.

The segment of polymer-based reusable water bottle is also expected to be the dominant contributor to the revenues of the global reusable water bottle market over the forecast period. The increasing adoption of the “Tritan” material, which is a low cost, BPA-free, and recyclable polymer, will help boost the consumption of polymer-based reusable water bottles.

Trailing the segment of polymer-based reusable water bottles is the segment of metal bottles. Features...

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