The Reusable Plastic Water Bottle Market size was USD 9.21 Billion by 2021. This market Expects to grow at a compound annual rate of increase (CAGR) of 4.4% between 2022-2032.

People have become more conscious of environmental hazards and are now motivated to reduce their plastic use. A large number of people around the world have begun to switch from single-use plastic bottles to reusable water bottles. COVID-19’s home isolation guidelines have increased demand for kitchen products, including reusable containers. Klarna’s blog posts reveal that Generation X and millennials used a significant portion of their income to purchase garden and home products during the lockdown.

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These items included cookware, drinkware, and other household items. People around the globe are choosing reusable water bottles for their homes, offices, schools, and colleges. Reusable water bottles reduce groundwater pollution’s leading cause, plastic waste in landfills. Reusable water bottles have been promoted because of growing awareness about the environmental consequences of single-use, non-disposable plastic containers. In many countries, there are initiatives to ban single-use plastic containers and encourage reusable bottles made of glass, metals, or other eco-friendly materials.

Driving Factors:

Plastic bottles have been used for over 50-60 years, causing long-term ecological problems. This plastic waste is now found in rivers, oceans, and streams, leaking toxic chemicals into water bodies, and has caused environmental damage. As a result, many conscientious consumers have looked for ways to reduce plastic consumption for environmental and health reasons and the growing demand for environmentally-friendly products.

Consumers are switching to reusable water bottles to reduce plastic use. Market growth has also been aided by the low cost of reusable water bottles.

Restraining Factors:

However, the ease of access to bottled water and the likelihood of bacteria and fungal infections due to improper washing of reusable bottles will be restraining factors that could hinder global market growth for reusable water bottles

Market Key Trends:

Increased concern about the Environment to facilitate rapid growth of the Market

The global reusable water bottle market has grown due to growing demand for convenience items, a healthier lifestyle, and threats to the environment caused by non-decomposable materials. People have improved their living standards due to the advancement in lifestyles worldwide. People are now more conscious of their health and the harmful effects of non-reusable plastics like bottles. People are now choosing to use reusable water bottles as part of their healthy lifestyles. These factors will likely boost the global reusable water container market between 2022 and 2032.

Recent development:

  • February 2020 – Amcor PLC (multivitamins category) showcased the creation and launch of the PET container that is 100% post-consumer recycled content resin. For Ritual, a technology and health company, the company designed the transparent bottle in two sizes: 100 cubic centimeters (or 150 cubic inches).
  • October 2019 – Bericap GmbH & Co KG has launched tethered capsules. These caps require that plastic closures remain attached to bottles during consumption. This innovative solution is secure for customers and reduces the amount of chemical waste. It conforms to the EU’s new regulations.

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Key Companies:

  • BRITA GmbH
  • Taiyo Nippon Sanso Corporation
  • Zhejiang Haers Vacuum Containers
  • A. O. Smith Corporation
  • Implus LLC
  • Cascade Designs Inc.
  • Elite S.r.l.

Key Market Segments:

Type

  • High-Density Polyethylene
  • Low-Density Polyethylene
  • Polycarbonates

Application

  • Sports
  • Travel
  • Others

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