The eco-friendly water bottle market size is projected to reach US$ 11,068.71 million by 2028 from US$ 8,193.19 million in 2021; it is expected to grow at a CAGR of 4.4% during 2021-2028.
The growth of the market is attributed to the rapidly growing environmental awareness among consumers. Consumers are proactively replacing single-use plastic water bottles with eco-friendly water bottles to prevent plastic accumulation in the environment. The trend is aided by social media channels where influencers are promoting the use of reusable water bottles as an ethical choice.In 2020, Asia Pacific held the largest share of the eco-friendly water bottle market, and it is estimated to register the highest CAGR in during the forecast period. The market in Asia Pacific is segmented into China, India, Japan, South Korea, and Australia. Countries such as South Korea, China, and Japan are among the major contributors to the market in this region due to the growing population and subsequent demand for consumer goods. Further, rapid urbanization, remarkable economic development, cultural diversity, and growing adoption of high-tech trends are the factors favoring the Asia Pacific eco-friendly water bottle market growth.
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Eco-Friendly Water Bottle Market: Strategic Insights
Market Size Value in US$ 8,193.19 million in 2021 Market Size Value by US$ 11,068.71 million by 2028 Growth rate CAGR of 4.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Eco-Friendly Water Bottle Market: Strategic Insights
Market Size Value in | US$ 8,193.19 million in 2021 |
Market Size Value by | US$ 11,068.71 million by 2028 |
Growth rate | CAGR of 4.4% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystImpact of COVID-19 Pandemic on Eco-Friendly Water Bottle Market
The COVID-19 pandemic had significantly disrupted the manufacturing sector in terms of operational efficiency owing to extended lockdowns across different regions; manufacturing units shutdown; restrictions on travel, international trades, and supply chains; and shortage of raw materials. These factors have also hindered the growth of the market owing to rising prices of raw materials, shortage of workforce, and instability on the financial front. However, businesses are gaining ground as previously imposed limitations are being eased across various countries, with the introduction and administration of COVID-19 vaccines. Furthermore, governments of different countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the pandemic. Moreover, during the late pandemic phases, consumers participated in outdoor recreational activities, which aided the demand for eco-friendly water bottles.
Eco-Friendly Water Bottle Market Breakdown: by Region, 2020
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Spurring Technological Developments Fuel Eco-Friendly Water Bottle Market Growth
Spurring Technological Developments Fuel Eco-Friendly Water Bottle Market Growth
Eco-friendly water bottles are made from glass, plant-based plastics, paper, and other sustainable raw materials. Manufacturers focus on adopting bio-based plastics, recyclable metals, and glass to manufacture eco-friendly water bottles. Bio-based plastics are made from renewable materials, such as soy and corn, rather than fossil fuels. These products reduce reliance on fossil fuels by using renewable resources. Eco-friendly water bottles are increasingly used in various commercial spaces, such as workshops, pool houses, hotels, gyms and other sports facilities, spas and beauty salons, and hospitals and medical facilities.
According to the International Bottled Water Association (IBWA) data published in 2020, Americans consumed 15 billion gallons of bottled water in 2020. This signifies the market potential for eco-friendly water bottle providers for expanding their reach. It encourages manufacturers to adopt new technologies for producing eco-friendly solutions.
Distribution Channel Insights
Based on distribution channel, the global eco-friendly water bottle market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the supermarkets and hypermarkets segment accounted for the largest revenue share, and the online retail segment is expected to register the highest CAGR during the forecast period. Supermarkets and hypermarkets are easily accessible in all regions and widespread in terms of locations. They adopt attractive merchandising techniques that appeal to consumers, thus generating higher sales for eco-friendly water bottles.
Eco-Friendly Water Bottle Market, by Distribution Channel – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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 players operating in the eco-friendly water bottle market. These companies provide a wide range of product portfolio for the market. Many companies in this market have presence in developing regions, which provides lucrative opportunities to them. The market players are developing high-quality and innovative products to meet the customer’s requirements.
Report Spotlights
- Progressive industry trends in the market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the market from 2019 to 2028
- Estimation of global demand for eco-friendly water bottles
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the consumer goods industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the eco-friendly water bottle market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The eco-friendly water bottle market size at various nodes
- Detailed overview and segmentation of the market, as well as the eco-friendly water bottle industry dynamics
- Size of the eco-friendly water bottle market in various regions with promising growth opportunities
The "Global Eco-Friendly Water Bottle Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global eco-friendly water bottle market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The eco-friendly water bottle market is segmented on the basis of material, distribution channel, and geography. By material, the market is segmented into paper, metal, glass, and others. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the eco-friendly water bottle market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SAM).
Company Profiles
- Chilly's
- S'well
- Ocean Bottle
- Corkcicle
- Hydro Flask
- Bottles Società Benefit S.r.l. P.IVA
- Frank Green
- Qwetch
- Klean Kanteen
- Kinto Co., Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The major players operating in the eco-friendly water bottles market are Chilly's, S'well, Ocean Bottle, Corkcicle, Hydro Flask, 24 Bottles Società Benefit S.r.l. P.IVA, Frank Green, Qwetch, Klean Kanteen, and Kinto Co., Ltd.
In 2020, Asia-Pacific accounted for the largest share of the global eco-friendly water bottles market. The eco-friendly water bottle market has expanded significantly as governments and consumers have become more concerned about environmental issues. Manufacturers' increasing investments on research and development are crucial factors impacting the eco-friendly water bottle market positively.
In 2020, the metal segment held the largest market share. Metal acts as a better shielding barrier than any plastic material. Metal is abundant in nature and can be recycled again with minimal energy waste during manufacture, lowering the overall cost of production for eco-friendly water bottles. These factors contribute to the growth of the eco-friendly water bottle market.
In 2020, the supermarkets and hypermarkets segment held the largest market share. The availability of a wide variety of products under one roof attract customers to shop at these stores. Furthermore, consumer-oriented product placement that aids them in selecting and purchasing the product faster than waiting for its delivery, as is the case with online purchases.
Based on material, the metal segment is expected to be the fastest-growing segment during the forecast period. The characteristics of metal water bottles, such as durability and reusability, are expected to propel the eco-friendly water bottle market growth.
The global eco-friendly bottle market is expanding rapidly due to increased public and government awareness about environmental protection. The crucial driver propelling the market is the increased availability of a diverse selection of items from various brands on e-commerce platforms with services such as free delivery and promotional discounts.
The List of Companies - Eco-Friendly Water Bottle Market
- Chilly’s
- S'well
- Ocean Bottle
- Corkcicle
- Hydro Flask
- 24 Bottles Società Benefit S.r.l. P.IVA
- Frank Green
- Qwetch
- Klean Kanteen
- Kinto Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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