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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