Reusable water bottles are manufactured using materials such as metal, glass, silicone, or polymers, which can be recycled or used multiple times. Using reusable water bottles can mitigate the negative impact of disposable water bottles on the environment. Growing awareness about the environmental footprint for disposable or single-use water bottles in boosting adoption of reusable water bottles, which helps in reducing plastic waste to a greater extent.
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Various types of reusable water bottles, such as insulated bottles, collapsible bottles, and growlers, are used by consumers at home, during fitness activities, or while traveling.
Fact.MR recently published an exclusive forecast study on the reusable water bottles market to predict its growth prospects during the forecast period 2018-2028. The foremost objective of the Fact.MR report on reusable water bottles market is to provide valuable insights on demand generators, market scenario, and product developments in reusable water bottles market. Also, the study on reusable water bottles market addresses accurate and reliable qualitative and quantitative estimates about the future prospects of the reusable water bottles market.
Environmental Awareness Continues to Drive Growth of the Reusable Bottles Market
The ongoing global battle against the use of plastic water bottles is mainly driven by increasing environmental concerns and negative impacts of plastic waste on the ecosystem. The reusable water bottles market is witnessing positive growth with a majority of consumers becoming highly aware of the environmental footprint of the products they use.
Various campaigns to ban disposable or single-use water bottles is further providing an impetus to the development of the reusable water bottles market. Manufacturers in the reusable water bottles market are banking on the governmental regulations and anti-plastic movements that are encouraging consumers to switch to environment-friendly alternatives of disposable water bottles.
Reusable Water Bottles – Not only a Utility but a Status Symbol
As consumers are carrying their reusable water bottles everywhere, they are visible to everyone and they have a common appearance in consumers’ lifestyles. Thereby, reusable water bottles are not only a utility, but have become a status symbol for most consumers across the globe. Consumers are willing to pay more for attractive and stylish designs of reusable water bottles, which is emerging as a popular trend in the reusable water bottles market.
Furthermore, the interconnection between the wellness industry and fashion industry is bolstering the demand for bespoke reusable water bottles among modern consumers. Thereby, various luxury brands, such as Kate Spade and H&M, have rolled out their own designs of reusable water bottles to cater to the dynamic needs of fashionable and stylish designs. A mounting number of affordable luxury brands entering the reusable water bottles market are likely to change the upcoming trends in the market.
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High Cost and Low Convenience Restrict Global Sales of Reusable Water Bottles
With the changing lifestyle of consumers, convenience got the highest priority in factors that are impacting their purchasing decisions. Reusable water bottles can be heavier and less convenient that disposable water bottles, which do not need to be cleaned. Reusable water bottles, especially those made of glass, are fragile, more expensive, and difficult to clean, which may create an aversion among consumers to purchase reusable water bottles.
Furthermore, most reusable water bottles are heavier than single-use water bottles, which adds heavily to the transportation cost, ultimately increasing the production cost of reusable water bottles. This makes it difficult for manufacturers in the reusable water bottles market to introduce competitive prices. High selling price and maintenance requirements of reusable water bottles may hamper growth of the reusable water bottles market in the upcoming years.
Reusable, Plastic Water Bottles Don’t Pose a Perfect Solution; Trigger Health Concerns
Despite the rising sales of reusable water bottles owing to their positive, eco-friendly image, the reusable water bottles market is witnessing hindrance from the health concerns of consumers about the safety of reusable, plastic water bottles. Albeit minimal, the chemicals leached from plastic used in reusable water bottles can migrate into the water, posing risks to the health of consumers. Thereby, consumer awareness about the possibility of reusable water bottles leaching harmful chemicals may restrict the adoption of reusable water bottles and ultimately, the growth of the reusable water bottles market.
The leading players in the reusable water bottles market featured in the Fact.MR report are CamelBak Products, LLC, BRITA GmBH, Klean Kanteen, Inc., Tupperware Brands Corporation, Contigo, Zhejiang Haers Vacuum Containers Co. Ltd., AQUASANA, Inc., Bulletin Bottle, Thermos LLC, Nalge Nunc International Corp., S’Well Corporation, O2COOL, LLC, Nathan Sports, Inc., Cool Gear, International LLC, Soma Water, Inc., and BKR.
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