The demand within the global reusable water bottles is rising on account of advancements in the domain of smart technologies. The advent of smart water bottles that can be connected to mobile devices have sent ripples across the global market. Moreover, the quest of the energy sector to reduce plastic waste has shifted the focus towards reusable water bottles. Several global organisations are making concerted efforts to minimize worldwide usage of plastics. Environmental concerns related to sustainability have, therefore, been a strong driver of demand within the global reusable water bottles market.
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In this blog, TMR Research delves into key details pertaining to the growth of the global reusable water bottles market. Furthermore, the dynamics of the energy sector that have aided market growth are also enunciated herein.
- Rising Inclination towards Sports and Strenuous Activities
Sportspersons are amongst the largest consumers of reusable water bottles. These population groups are required to keep a track of their daily water intake, and smart water bottles help in achieving this goal. Therefore, the total volume of revenues within the global reusable water bottles market is set to grow to new heights in the years to follow. Rising number of gym-goers has also played a key role in driving sales across the global reusable water bottles market.
- North America to Lead Market Growth
Based on regions, the demand for reusable water bottles in North America is rising at a sturdy pace. The US has been at the forefront of smart technologies for integrating water bottles and other key objects to mobile devices. This factor, coupled with the popularity of vacuum-insulated stainless-steel bottles in the region, shall aid market growth. Pink Yeti Ramblers and Hydro-flask Standards Mouth Bottles have also gained popularity in the region.
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Some of the key vendors operating in this market are Tupperware, Camelbak, and Newell.