Sustainable Packaging is fueling the growth of the Global Eco Friendly Water Bottle Market
The global Eco Friendly Water Bottle Market is estimated to be valued at US$ 7.91 Bn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Eco friendly water bottles have a number of advantages over conventional plastic water bottles like They are reusable and help reduce plastic waste generated from single use plastic water bottles. Their production also requires lower carbon footprint and energy usage compared to plastic water bottles.
Market Overview:
Eco
friendly water bottles are made using sustainable and recyclable materials like
stainless steel, glass, silicone and bamboo. These bottles are durable, leak
proof and keeps water cold for 24 hours and hot for 12 hours. They ensure safe
and clean drinking water everywhere.
Market key trends:
One
of the key trends in the eco friendly water bottle market is growing focus
towards sustainable packaging. Consumers are increasingly becoming aware of the
harmful effects of single use plastic on the environment and demanding
sustainable alternatives. Eco friendly water bottles made of materials like
stainless steel and glass are reusable and do not pollute the environment at
the end of their life. Their repeated usage also helps save resources consumed
in manufacturing new bottles. This emphasis on recycling and reuse is expected
to drive greater adoption of eco friendly water bottles during the forecast
period.
Segment Analysis
The Global
Eco Friendly Water Bottle Market Size is segmented on the basis of
product type, material type, distribution channel and geography. Among the
product types, plain water bottles dominate the market as they are most basic
and easy to carry. However, insulated bottles segment is expected to witness
highest growth rate as they help retain water temperature for longer duration
and are gaining popularity.
Key Takeaways
The global eco friendly water bottle market is expected to witness high
growth, exhibiting CAGR of 9.9% over the forecast period, due to increasing
consumer inclination towards sustainable products.
Regional analysis
North America dominates the eco friendly water bottle market currently owing to
high awareness about sustainability and well established distribution channels
in the region. Asia Pacific region is expected to witness fastest growth rate
during the forecast period with China and India emerging as major markets.
Key players operating in the eco friendly water bottle market are Camelbak,
Nalgene, Sigg, Klean Kanteen, Thermos, Contigo, O2COOL, Brita, Bobble, Vapur,
Grayl, Hydro Flask, Lifefactory, Bkr, Que, Takeya, Polar Bottle, Glass Dharma,
Aquasana, Corkcicle.
Read Our More Blogs : https://www.rapidwebwire.com/eco-friendly-water-bottle-market-size-share-analysis-2023-2030/
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