Eco-Friendly Water Bottle Market Size Worth US$ 11,068.71 Million By 2028 | CAGR 4.4%: The Insight Partners


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Growing Awareness Regarding Environmental Sustainability Escalates Eco-Friendly Water Bottle Market Growth

NEW YORK, UNITED STATES, January 31, 2023 /einpresswire.com / -- According to the new research report published by The Insight Partners on“eco-friendly water bottle market
Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material (Paper, Metal, Glass, and Others) and Distribution Channel (Super market
s and Hyper market
s, Specialty Stores, Online Retail, and Others)” includes the factors fueling the market
growth, revenue estimation and forecast, and market
share analysis. It also encompasses the identification of significant market
players and their key developments.

Eco-Friendly Water Bottle Market - Strategic Insights

Report CoverageDetails

Market Size Value inUS$ 8,193.19 million in 2021
Market Size Value byUS$ 11,068.71 million by 2028
Growth rateCAGR of 4.4% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages134
No. of Tables56
No. of Charts & Figures73
Historical data availableYes
Segments coveredMaterial, Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends

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The eco-friendly water bottle market
is projected to reach US$ 11.06 billion by 2028 from US$ 8.19 billion in 2021; it is expected to grow at a CAGR of 4.4% during 2021–2028. Environmental consciousness among the masses is driving global market
growth. Moreover, the restrictions on single-use plastics, including regulations related to single-use packaged drinking water bottles, further contribute to the growth of the eco-friendly water bottle market
.

Based on material, the eco-friendly water bottle market
is segmented into paper, metal, glass, and others. In 2020, the metal segment accounted for the largest market
share, and it is further expected to record the highest CAGR during the forecast period. Metal bottles are durable and are therefore preferred by most consumers for long-term usage. Moreover, being unbreakable, they are preferred over bottles made from brittle materials, such as glass. Moreover, metal bottles can be converted into thermos by installing insulating materials inside the bottle which helps maintain the temperature of water inside.

The eco-friendly water bottle market
is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market
. Many Asia Pacific countries, such as China and India, have the fastest-growing populations in the world. Plastic pollution has become a growing concern in these countries. Governments of China and India, among others, have now passed regulations regarding the use of single-use plastics. Moreover, growing consumer awareness regarding plastic pollution has motivated a large share of the population to use eco-friendly water bottles instead of single-use packaged water bottles.

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The eco-friendly water bottle market
, based on material, is segmented into paper, metal, glass, and others. By distribution channel
, the market
is segmented into super market
s and hyper market
s, specialty stores, online
retail, and others. Based on geography, the eco-friendly water bottle market
is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market
in North America is further segmented into the US, Canada, and Mexico. The eco-friendly water bottle market
in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market
in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The eco-friendly water bottle market
in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market
in South and Central America is segmented into Brazil, Argentina, and the Rest of South and Central America.

Eco-Friendly Water Bottle Market: Competitive Landscape and Key Developments

Chilly's; S'well; Ocean Bottle; Corkcicle; Hydro Flask; Bottles Società Benefit S.r.l. P.IVA; Frank Green; Qwetch; Klean Kanteen; and Kinto Co., Ltd are among the major key players operating in the eco-friendly water bottle market
. The capital cost involved in the production of an eco-friendly water bottles and operating a manufacturing
unit is moderate, which favors new players to enter into the market
. Small manufacturers of eco-friendly water bottle account for a major share of the eco-friendly water bottle market
, which makes it a largely fragmented market
place. With the surge in demand for eco-friendly water bottles, there will be an increase in the number of local and regional manufacturers, which become a threat to the established players.

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About Us:

The Insight Partners is a one-stop industry
research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail:

Phone: +1-646-491-9876

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here

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