Asia Pacific Eco-Friendly Water Bottle Market Share by Size and Growth 2028

The eco-friendly water bottle market in Asia Pacific is expected to grow from US$ 3,260.34 million in 2021 to US$ 4,545.23 million by 2028; it is estimated to register a CAGR of 4.9% from 2021 to 2028.

In recent years, consumers have massively adopted eco-friendly water bottles to replace plastic as the use of plastic is nonbiodegradable. According to the Australian government—the Department of Agriculture, Water, and Environment, Australia faces problems regarding plastics. Australians utilized 3.5 million tons of plastics from 2018 to 2019, out of which 60% of plastic was imported. Australia is losing US$ 419 million of economic value each year by not recovering all PET and HDPE; 84% of plastic is sent to landfills, and 13% is recycled. In Australia, ~130,000 tons of plastic leak into the marine environment each year, and 1 million tons of Australia’s annual plastic consumption is single-use plastic. To overcome these challenges, the Australian government has taken the initiative and introduced National Plastic Plan 2021, which includes regulation on single unprocessed polymer or resin waste plastic exports, phase-out non-compostable plastic packaging products containing additive fragmental technology which do not meet relevant compostable standards, phase-out expanded polystyrene (EPS) in loose-fill and molded consumer packaging and food and beverage containers, and phase-out PVC packaging labels. Hence, as per the impositions by the Australian government, the manufacturers focus on eco-friendly disposable water bottles; a few companies sell water in boxes and cans. Replacing plastic bottles with biodegradable water bottles can fundamentally change the industry and a whole. For instance, companies such as Liquid Death offer 100% pure water inside beer-like aluminum cans. Aluminum is one of the most generous materials known for its ability to be recycled endlessly. Similarly, the Rethink Water brand manufactures cartons from sustainable tetra packs and recyclable and biodegradable packaging materials. The cartons are BPA-free and natural. Hence, the growing impositions by the Australian government on plastic use encourage manufacturers to reduce plastic material and create lucrative opportunities in the eco-friendly water bottle market during the forecast period.

With new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific eco-friendly water bottle market at a substantial CAGR during the forecast period.

Asia Pacific Eco-Friendly Water Bottle Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Eco-Friendly Water Bottle Market Segmentation

The Asia Pacific eco-friendly water bottle market is segmented into material, distribution channel, and country. Based on material, the market is segmented into paper, metal, glass, and others. In 2020, the metal segment held the largest share of the market; it is also expected to register the highest CAGR during the forecast period. Based on distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. In 2020, the supermarkets & hypermarkets segment held the largest share of the market; and the online retail segment is expected to register the highest CAGR during the forecast period. Further, based on country, the Asia Pacific eco-friendly water bottle market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2020, China held the largest market share; and it is also expected to grow at the highest CAGR during the forecast period.

S'well; Ocean Bottle; Hydro Flask; Kinto Co., Ltd.; 24 Bottles Società Benefit S.r.l. P.IVA; Chilly's; Frank Green; Klean Kanteen; and Qwetch are among the leading companies operating in the Asia Pacific eco-friendly water bottle market.

Asia Pacific Eco-Friendly Water Bottle Market Strategic Insights

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Asia Pacific Eco-Friendly Water Bottle Market Segmentation Analysis

Asia Pacific Eco-Friendly Water Bottle Market Report Highlights

Asia Pacific Eco-Friendly Water Bottle Report Scope

Report Attribute	Details
Market size in 2021	US$ 3,260.34 Million
Market Size by 2028	US$ 4,545.23 Million
CAGR (2021 - 2028)	4.9%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Material Paper Metal Glass By Distribution Channel Supermarkets & Hypermarkets Specialty Stores Online Retail
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Chilly's S'well Ocean Bottle Hydro Flask 24 Bottles Società Benefit S.r.l. P.IVA Frank Green Klean Kanteen Kinto Co., Ltd.