Global Reusable Water Bottles Market to Eliminate Plastic Waste – Huge Business Opportunity for Manufacturers-The News PEDI
Widespread global efforts to eliminate harmful plastic waste are generating high demand for metallic reusable water bottles.
With global focus lying on the adoption of ‘eco-friendly’ products, manufacturing and packaging companies across the world are prepping up to launch eco-friendly alternatives for all products. Surging plastic waste, in particular, has created the need to enhance ‘environmental sustainability’. Around22 billionsingle-use plastic bottles are thrown out in the U.S. every year, whereas, half a billion plastic bottles are thrown out in Britain each year. These alarming numbers explain the need to reduce plastic waste and increase the adoption of reusablewaterbottles. Moreover, the governments of several countries are taking measures to ban the use of single-use plastic bottles. For instance, numerous national parks in the U.S. have banned the use of single-use plastic bottles to alleviate the burden of plastic waste.
It is not just the mounting plastic waste but the amount of oil used in creating disposable plastic bottles that has encouraged manufacturers to shift their focus towards the production of reusable water bottles. Consumer shift towards ‘eco-sustainability’ and rising preference forbottled watercalls for the need to gain an in-depth understanding of the dynamics of the reusable water bottles market. Transparency Market Research (TMR), in its latest offering, divulges key details that would help companies take data-driven business decisions.
Reusable water bottles are the best alternative to single-use water bottles. Reusable water bottles have high durability and strength, which make them the perfect choice for consumers. Latest technological innovations in reusable water bottles, such as embedded mist sprayers and infusers, are driving the growth of the global reusable water bottles market. The prominent polymer material used for the production of reusable water bottles is polycarbonate and HDPE. However, metallic materials such as steel and aluminum are highly energy-efficient. Reusable water bottles are sold through the hypermarkets/supermarkets distribution channel due to changing consumer preferences towards convenient shopping stores.
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A key factor that drives the demand for reusable water bottles is the growing demand for convenience products, globally. Increase in the disposable income of middle-class households is the major factor driving the growth of the global reusable water bottles market. The reusable water bottles market is considered to be a fragmented market, with the presence of small and medium manufacturers. In addition to this, prices are also widely dispersed in terms of material type and features. Moreover, the adoption of reusable water bottles in fitness centers is expected to drive the growth of the global reusable water bottles market.
The global reusable water bottles market has been segmented into material type, distribution network, primary usage, and region. By material type, the global reusable water bottles market has been segmented into glass, metal, polymer, and silicone. The polymer segment is expected to create a high incremental $ opportunity of~ US$ 1.1 Bnby the end of the forecast period. By distribution network, the global reusable water bottles market has been segmented into hyper/supermarkets, independent stores, online sales, and others.
Press Release Distributed by The Express Wire
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