Reusable Water Bottle Market is expected to surpass US$10.19 bn by 2024; trailing the segment of polymer-based reusable water bottles is the segment of metal bottles

Albany, NY -- (SBWire) -- 07/27/2017 --Reusable water bottles come in all shapes, sizes, colors, designs, features and materials. Manufacturers are constantly experimenting to come up with innovative and attractive products to draw more customers and thereby increase their market share. For example, usage of bisphenol A (BPA)-free materials and increasing uptake of smart bottles that track the amount of daily water intake or prompt users to drink water on time, are some of the prominent trends dominating the global reusable water bottles market these days. All these makes their market dynamic and diversified in nature.

A report by Transparency Market Research forecasts the global market for reusable water bottles to rise at a 4.2% CAGR from 2016 to 2024 to reach a value of US$10.19 bn by 2024 from US$7.04 bn in 2015.

Browse Research Report: http://www.transparencymarketresearch.com/reusable-water-bottles-market.html

Why are reusable water bottles stealing a march over disposable plastic ones?

Efforts and initiatives to deter use of disposable plastic water bottles that cause considerable damage to the environment by increasing the amount of biodegradable waste has led to the growth in the market for reusable water bottles. Reusable water bottles also help lessen consumption of fossil fuels which are used for the production of disposable plastic bottles. Another factor working to their advantage is the fact that it costs less to carry around a reusable bottle than to buy one when needed.

Tagging reusable water bottles everywhere, however can be a bit of a task – something that can hamper their sales. To overcome such a challenge, a collapsible bottle, called the que Bottle, has been designed and is already being purveyed. When not filled with water, the bottle can be collapsed into a smaller size and fit inside a bag. Besides, on account of being built of silicon, there is no metallic taste in them. It is innovations such as these that is driving the market forward.

Despite all the progress made on the design and material front, competition from disposable plastic bottles continues to remain stiff. In developing regions with poor water treatment facilities particularly, sales of packaged drinking water in disposable plastic bottles are hard to beat.

What are the unique perceived benefits of polymer-based reusable water bottles pushing up their sales?

The various materials used in manufacture reusable water bottles are metal, polymer, silicone, and glass. Among them, the polymer-based reusable water bottles currently enjoy maximum demand because of their wide availability, differentiating features, and reduced cost. Going forward too, their demand will remain equally robust due to rising uptake of "Tritan" material, a low cost, BPA-free, and recyclable polymer.

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Metal bottles follow in the second position owing to their durability, easy availability in insulated varieties to keep water hot or cold longer, and use of a variety of metals in building them.

What factors are pushing the Asia Pacific market to the forefront?

From a geographical standpoint, Asia Pacific is the most promising market for reusable water bottles that will likely grow at a 5.0% CAGR from 2016 to 2024. The exploding supermarkets and hypermarkets and the soaring popularity of e-commerce, along with changing lifestyles and increasing ability of people to spend in the region are proving beneficial to its market. Asia Pacific is followed by Europe and North America.