Environment Concerns Inducing Shift to Reusable Water Bottles from their Single Use Counterparts
Rising concerns apropos to environment health are driving end use companies and consumers to shift to environment friendly consumables such as reusable water bottles that can serve as an alternative to single use bottles. Alarming increase in plastic waste has triggered various activities focused on curtailing plastic use. According to Forbes, 1 million bottles made from plastic are bought worldwide every minute with only 9% off the lot getting recycled. The remaining amount of plastic ends up in landfills or oceans, marshlands and lakes, which will negatively impact marina life and overall environment. This has pushed the usage of reusable water bottles that are easy to manufacture and use less fossil fuel during production as compared to single use plastic bottles. That said, growing awareness regarding environment health continues to remain a fundamental aspect in driving growth of the reusable water bottles market.
Reusable Water Bottles Being Viewed as a Healthier Option to Drive Demand
Being eco-friendly in nature avoiding waste, reusable water bottles also support human health. Water bottles made from plastic can leach harmful hormone disrupting chemicals in the water. Moreover, they can also impart microplastics, which are known carcinogens, which typically break off from cap and bottle. Using reusable water bottles, microplastics in the environment can be controlled. In addition, chemicals such as Bisphenol-A (BPA) and antimony are leaked by plastic. BPA is hazardous to human health as it can cause infertility, type 2 diabetes, obesity, heart diseases, liver failure, thyroid disease and preterm birth. Antimony can cause hormonal imbalance, headaches, digestive problems and nausea. On the other hand, reusable water bottles do not contribute to health disorders and favor health and fitness. Increasing awareness among consumers regarding their benefits is expected to fuel growth of the reusable water bottles market worldwide.
Polymer Reusable Water Bottles Likely to Witness an Upsurge in Demand
Reusable water bottles manufactured using polymers are expected to gain high traction in the coming years. They are comparatively economical than reusable water bottles made from silicone, glass and metal. Polymer reusable water bottles are easier to maintain, clean and are available in different color variants. They do not alter taste of water unlike metal reusable water bottles that give a metallic taste to water. Reusable water bottles from polymers have a higher service life, similar to a metal reusable water bottle, and are environment friendly making them an apt choice among consumers. This factor is expected to largely contribute to the growth in valuation of the global reusable water bottles market in the coming years.
Asia Pacific to Offer an Optimistic Avenue for Growth of Reusable Water Bottles Market
Sales of reusable water bottles across emerging economies in the Asia Pacific region are likely to increase on the back of growing demand for environment friendly consumables. Increasing concerns related to consumption of impure water, such as gastrointestinal disorders, neurological disorders and reproductive problems is expected to drive demand for reusable water bottles that can be used in any climatic conditions. Moreover, Asia Pacific being the hub of manufacturing, costs associated with the production of reusable water bottles is less and being a price sensitive region, the cost effective pricing of reusable water bottles is likely to spur their demand across countries such as India, China and Japan. Favorable business environment of the region is also attracting various companies manufacturing reusable water bottles. These companies are also focusing on enhancing their brand strength and image by carrying out collaborations. For instance, Australian Open 2021 and Memo bottle entered into a partnership with the aim to improve brand performance and reputation of Memo bottle in the market. This alliance also provided access to sports enthusiasts to use premium grade reusable water bottles that they can use duding play and other activities. Given the optimistic scenario, manufacturers can expect significant growth opportunities in Asia Pacific consequently bolstering the growth of the reusable water bottles market.
Global Reusable Water Bottles Market: Competitive Landscape
Few of the major players in the global reusable water bottles market include Klean Kanteen Inc., Newell Brands, Camelbak Products LLC, Tupperware Brands Corporation, Thermos LLC, Memo Bottle, Bulletin Brands LLC, Igloo Products Corp., Nalge Nunc International Corp and SIGG Switzerland AG, GmbH.
Global Reusable Water Bottles Market is Segmented as Below:
By Material Type
By Distribution Network
By Primary Usage
Key Elements Included In The Study: Global Reusable Water Bottles Market
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