The Asia Pacific Reusable Water Bottle Market would witness market growth of 9% CAGR during the forecast period (2020-2026). Reusable Water Bottles is becoming a useful product across the world. These bottles are widely utilized to provide the essential water supply to a person during a day.
It can be reused several times and is durable for various purposes. Reusable water bottles are widely utilized for carrying any kind of liquid like tea, health drinks, cold drinks, water, and others easily from one place to another. These bottles have important position in different places like gyms, workplaces, restaurants, at which a person wants to take a water bottle.
There is declining usage of plastic bottles among people across many different regions. The relevance of reusable bottles and containers, specifically in the residential & commercial fields is increasing day by day. Moreover, global authorities have also created awareness campaigns to educate people know about the harmful effects of plastic bottles. Thus, the reusable water bottle market has become more popular in the last few years. There are many groups of environmental activists who have propagated green standards in various sectors. It will encourage the producers of reusable water bottles to raise their profit margins in the nearby future. Thus, the development of various green standards and their implications has boosted the growth of the market during the forecast period.
The Hypermarkets & Supermarkets market dominated the Singapore Reusable Water Bottle Market by Distribution Channel in 2019, thereby, achieving a market value of $752.5 million by 2026. The Convenience Stores market is experiencing a CAGR of 9% during (2020 - 2026). The Online market is estimated to grow at a CAGR of 10.4% during (2020 - 2026). Additionally, The Specialty Stores market would showcase a CAGR of 13.8% during (2020 - 2026).
Based on Material Type, the market is segmented into Plastic, Stainless Steel, Silicone, Glass and Other Material Types. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Online and Specialty Stores. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Reusable Water Bottle Market in Asia Pacific is expected to register a CAGR of 9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., A. O. Smith Corporation, Newell Brands, Inc., Vista Outdoor, Inc. (CamelBak Products LLC), Groupe SEB, Tupperware Brands Company, SIGG Switzerland Bottles AG (Zhejiang Haers Vacuum Containers Co., Ltd.), Klean Kanteen, Hydaway LLC, and Bulletin Bottle.
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