Published on : Mar 23, 2018
Albany, New York, March 23, 2018: Due to the changing consumer habits in consuming drinking water and dietary choices, the demand for insulated water bottles has witnessed an upsurge. Also, growing consciousness on consumption hygiene has propelled the use of insulated water bottles for storing boiled water. Recently, a fresh study titled “Insulated Water Bottles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has been released to the wide repository of Market Research Hub (MRH), which offers key insights on how the demand for insulated water bottles will evolve over the period, 2017-2026. Moreover, the report also highlights opportunities in the insulated water bottles market at the global and regional level.
According to the research prime findings, the global market for insulated water bottles is pegged to be worth over US$ 4.1 Bn until the end of 2026. The report further estimates that over the forecast period, the global insulated water bottles market will expand at a value CAGR of 4.8%.
Geographically, the insulated water bottles market has been segmented into five regions: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2026. In the approaching years, the global market for insulated water bottles will witness a growing adoption of insulators that can accelerate the transfer of heat on a requirements basis. The storage of boiled water has been increasing, so it is important to use a product which keeps the water safe for specific time of period, thus propelling growth of insulated water bottles.
Prime Factors Supporting Market Growth
Consumers across the world are also using insulated water bottles for carrying the beverages or juices of their choice during long trips and expeditions. Considering the different requirements of consumers, manufacturers around the world are using new materials with insulating properties in the manufacturing of insulated water bottles.
Majority of insulated water bottles being manufactured across the globe are made of plastics and polymer materials. Meanwhile, silicone-based insulated water bottles will find a relatively fast uptake among global consumers. It has been also evaluated that over the forecast period, the sales of insulated water bottles made of plastics is pegged to register a CAGR of 5%.
Further, the report estimates insulated water bottles market size on the basis of product type, material type, primary usage, and sales channel. By product type, it covers big mouth, fie mouth, mugs and tumblers. The report estimates that the demand for wide-mouth or big mouth insulated water bottles will gain steady traction in the years to come. Primary usage include sports, travel, everyday and others.
The last part of the report comprises the competition landscape, which features important players operating in the global insulated water bottles market. At present, Cayman Fitness, Thermos, Fnova, Ice Shaker, Geysa, 321 Strong, Rehydrate-Pro, Mira, Healthy Human, and Hydro Flask, have been recognized as leading players in the global market for insulated water bottles.
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