Global Insulated Water Bottles Market is Predicted to Reach of US$ 3.1 Billion by 2033, Fact.MR

In a study report released recently, Fact.MR, a company that offers competitive intelligence and market research, projects that the global market for insulated water bottles will grow at a compound annual growth rate of 3.4% through 2033, reaching a value of US$ 3.1 billion by the end of that year.

Staying hydrated is essential for maintaining one's health. Consequently, the need for effective water bottles emerges. Due to growing worries about the harmful effects of plastic on the environment, more individuals are switching to stainless steel water bottles from plastic ones in recent years.

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Key Takeaways from Market Study
Sales of insulated water bottles are projected to reach US$ 3.1 billion by 2033-end.
The market in Canada is expected to advance at a CAGR of 2.6% through 2033.
The current value of the global insulated water bottles industry is US$ 2.2 billion.
The market is expected to progress at a CAGR of 3.4% through 2033.
Demand for insulated water bottles in Germany is estimated to increase at a CAGR of 1.7% through 2033.

Successful Approach
Governments from many nations are launching campaigns to discourage the use of single-use plastic bottles and encourage the usage of reusable bottles. These reusable bottles are safe to use and kind to the environment. It is anticipated that these activities will support the growth prospects in the global market for insulated water bottles.

Comparing stainless steel bottles to glass or plastic bottles, the former are less likely to break. These additional alternatives are likewise prone to breaking easily. Furthermore, stainless steel water bottles are important since they can keep the temperature of beverages for a set period.

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Competitive Landscape
Players from the industry are looking to enhance output and minimize the operation cost of drinking bottles. Rising retail power and input costs are likely to serve as significant factors for novel innovations. The development of new strategies along with increased efforts from suppliers or players to achieve new efficiency levels is anticipated to help players to gain a competitive edge in the global market.

• Hydro Flask: Hydro Flask is a leading brand in the insulated water bottle market. It offers a range of sizes and colors, as well as functional and stylish designs.

• YETI: YETI is a popular brand in the insulated water bottle market that offers heavy duty insulation, durability, and sleek designs.

• Klean Kanteen: Klean Kanteen is a well-known brand in the insulated water bottle market that offers a variety of sizes and colors.

• CamelBak: CamelBak is a leading brand in the insulated water bottle market that offers insulated bottles with a wide range of features.

• Miir: Miir is a popular brand in the insulated water bottle market that offers stylish and durable designs.

• Thermos: Thermos is a well-known brand in the insulated water bottle market that offers a variety of sizes and colors.

• Swell: Swell is a popular brand in the insulated water bottle market that offers a variety of stylish and functional designs.

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Key Companies Profiled Cayman Fitness, Fnova, Geysa, Healthy Human, Hydro Flask, Mira, Rehydrate-Pro, Thermos

In addition, insulated bottles have a longer shelf life and are 100% recyclable. Moreover, storing juice in plastic bottles may make it more likely for contaminants to leach into the contents. Water bottles with insulation are a superior option because they don't contain any chemicals. These bottles are easily dishwasher-safe. Therefore, it is anticipated that people will adopt insulated water bottles due to their ease of use.

Segmentation of Insulated Water Bottles Industry Research
By Type: Fine Mouth, Big Mouth, Mugs, Tumblers
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Stores, Others
By Material: Plastic, Metal, Glass, Silicone
By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Source URL - https://www.globenewswire.com/en/news-release/2023/01/12/2588008/0/en/Worldwide-Demand-for-Insulated-Water-Bottles-Is-Predicted-To-Reach-a-Market-Value-of-US-3-1-Billion-by-2033-Fact-MR-Report.html

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This release was published on openPR.