As the COVID-19 pandemic disrupted communities and forced a nationwide shutdown, certain outdoor spaces became places of sanctuary to safely socialize, improve physical and mental health, connect with family, and recover from screen fatigue. Many people have been adopting outdoor physical activities due to increased health consciousness. The outdoor activities being adopted worldwide are running, jogging, hiking, freshwater, seawater and fly-fishing, road biking, mountain biking, and different campaigns to explore new places. Further, according to the Outdoor Industry Organization’s report 2021, 7.1 million North Americans participated in outdoor recreation in 2020 than in 2019. Therefore, many key players have introduced healthy drinks and water with attractive containers or bottles. The advertisement campaign by key players encouraged consumers to opt for healthy drinks to keep them hydrated and energized. Moreover, rising environmental sustainability and impositions by many governments encourage manufacturers to take the initiative for eco-friendly packaging solutions. Therefore, the eco-friendly water bottle market is anticipated to register steady growth over 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 North America eco-friendly water bottle market at a substantial CAGR during the forecast period.
North America Eco-Friendly Water Bottle Market Segmentation
The North America 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 North America eco-friendly water bottle market is segmented into the US, Canada, and Mexico. In 2020, the US 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 Corkcicle are among the leading companies operating in the North America eco-friendly water bottle market.