Reusable Water Bottles Market Demonstrates a Spectacular Growth by 2028

A recent market study published by Fact.MR provides a holistic analysis of various trends, drivers, and restraints of the reusable water bottles market. According to the Fact.MR study, the reusable water bottles market will envisage 3.1% y-o-y over 2017 to exceed US$ 8,347 million by the end of 2018. The Fact.MR study remains bullish on the continual rise in demand for reusable water bottles, as growing environmental concerns are driving consumers as well as end-use industrial sectors to switch to eco-friendly alternatives of single-use water bottles.

Reusable Water Bottles Market: Manufacturers Incorporate Advanced Technologies to Introduce Innovation

A majority of leading players in the reusable water bottles market have adopted innovation strategies, which are commonly driven by the need to improve the consumer experience. Manufacturers in the reusable water bottles market are finding unique ways to introduce attractive and personalized reusable water bottles that can enhance the users’ experience, and ultimately, to expand their consumer base worldwide.

Although growing environmental concern are accelerating sales of reusable water bottles, their heavy weight, high cost, and maintenance requirements create major challenges for the growth of the market. In addition, some reusable water bottles can be infuriatingly difficult to clean, which is one of the leading factors to hamper the user experience, as well as sales of reusable water bottles.

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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.

Key Developments

Thermos L.L.C., a leading food & beverage container manufacturer, recently launched a new beverageware line in collaboration with the style-makers at Patina Vie. The company announced that the Thermos Patina Vie line includes a 16-ounce beverage bottle, which is vacuum-insulated and BPA-free. The new product line by Thermos includes reusable water bottles with stylish patterns to offer consumers a “fashionable way to hydrate” at home or at work.

Thermos also recently acquired Lifefactory, Inc. – a leading manufacturer glass-reusable water bottles and food storage products. With this acquisition, the company is aiming to establish a stronger presence in the category of reusable water bottles manufactured using glass.

S’Well Corporation, another leading player in the reusable water bottles market, recently announced the launch of the new clickable drink-thru Sport Cap for reusable water bottles, to expand its sports collection of reusable water bottles. The company also launched two new products – S’well Tumbler and S’well Traveler – which signifies the company’s strategic focus on consumers’ specific requirements associated with reusable water bottles. S’well Tumbler and S’well Traveler are reusable water bottles, manufactured using food-grade, BPA-free stainless steel, and available in three sizes — 12oz., 16oz., and 20oz.

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