Insulated Water Bottles Market accounted for US$ 1.43 billion in 2020 and is estimated to be US$ 2.20 billion by 2030 and is anticipated to register a CAGR of 4.50%. Insulated water bottles are considered "non-essential," they have received some criticism in this regard. Due to a scarcity of trucks, manpower, and state regulations limiting the global epidemic, the transportation of reusable water bottles from one channel node to another is still constrained.
The report " Global Insulated Water Bottles Market, By Type (Plastic, Metal, and Glass), By Application (Home Use, Sports, and Travel), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’
Key Highlights:
- In February 2019, Cove released a reusable water bottle made completely of biodegradable materials that looks and feels like ordinary plastic that can be dissolved. Newell Brands and Nalge Nunc International Corporation, for example, are focusing on obtaining exposure or advertising their recycled water bottles by cooperating with film studios like as Marvel and Disney.
Analyst View:
Consumer preferences for drinking bottles are changing, which is driving up demand for insulated water bottles. The use of insulated water bottles for storing boiled water has grown in popularity as people's awareness of health and cleanliness has increased. Furthermore, consumers are electing to bring beverages or juices in insulated water bottles for travels, hikes, and lengthy journeys. The global insulated water bottle market is growing as a result of this expanding demand. However, according to some studies, the toxicity of such materials has stifled growth in the worldwide insulated water bottle industry.
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Key Market Insights from the report:
Global Insulated Water Bottles Market accounted for US$ 1.43 billion in 2020 and is estimated to be US$ 2.20 billion by 2030 and is anticipated to register a CAGR of 4.50%. The global insulated water bottles market report segments the market on the basis of type, application, and region.
- Based on Type, Global Insulated Water Bottles Market is segmented into Plastic, Metal, and Glass.
- Based on Application, Global Insulated Water Bottles Market is segmented into Home Use, Sports, and Travel.
- By Region, the Global Insulated Water Bottles Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Insulated Water Bottles Market:
Key players in the global insulated water bottles market includes Thermos, Ice Shaker, Geysa, Fnova, Rehydrate-Pro, Mira, Healthy Human, Cayman Fitness and Hydro Flask
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Other Topics:
https://123consumergoods.blogspot.com/2022/08/wax-market-worth-us-125-billion-2029.html
