There has been a rise in the demand for eco-friendly water bottles, as consumers are constantly choosing bottled water over less healthy packaged drinks. Consumer preference for healthy hydration has increased, ensuring a reduction in the high rates of obesity, diabetes, and heart diseases. Moreover, the demand for safe, healthy, and convenient water is noticeable, as bottled water continues to be the most popular packaged beverage by volume. People select water as their beverage of choice as a priority, whether at home, in the office, or elsewhere. The constantly expanding food & beverages, hotels, and tourism industry in emerging economies provide growth opportunities for the regional market. Moreover, healthier drinks include tea, coffee, low-fat milk, skim milk, soy beverages, no-calorie sweetened beverages, and calorie beverages with nutrition. During the COVID-19 outbreak, millennials were inclined toward a healthy lifestyle and diet choices. This factor and the awareness of the effects of the use of single-use plastic bottles on the environment has aided the consumption of reusable or eco-friendly water bottles among the population.
With new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe eco-friendly water bottle market at a substantial CAGR during the forecast period.
Europe Eco-Friendly Water Bottle Market Segmentation
The Europe 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 Europe eco-friendly water bottle market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2020, Germany 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 Europe eco-friendly water bottle market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,317.98 Million |
| Market Size by 2028 | US$ 3,066.34 Million |
| CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Eco-Friendly Water Bottle Market is valued at US$ 2,317.98 Million in 2021, it is projected to reach US$ 3,066.34 Million by 2028.
As per our report Europe Eco-Friendly Water Bottle Market, the market size is valued at US$ 2,317.98 Million in 2021, projecting it to reach US$ 3,066.34 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Europe Eco-Friendly Water Bottle Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Eco-Friendly Water Bottle Market report:
The Europe Eco-Friendly Water Bottle Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Eco-Friendly Water Bottle Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Eco-Friendly Water Bottle Market value chain can benefit from the information contained in a comprehensive market report.
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