The Global Eco Friendly Water Bottle Market Growth Accelerated By Rising Environmental Concerns

 

Eco-friendly water bottles are designed to reduce plastic waste and are environmentally sustainable. They are made from recyclable materials like aluminum and glass. These bottles help users stay hydrated while being gentle on the environment.

The global Eco Friendly Water Bottle Market is estimated to be valued at US$ 7.91 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Rising environmental concerns among consumers have been a major driver for the growth of the eco-friendly water bottle market. People are increasingly switching to sustainable bottled water alternatives as they want to reduce plastic waste. The growing environmental movement has highlighted the damaging impact of single use plastic bottles. This has motivated many individuals to choose reusable and recyclable water bottles instead. Moreover, with increasing health awareness, consumers also prefer natural materials like aluminum and glass over plastic. Leading brands are further promoting their eco-friendly bottles to capitalize on this growing consumer trend towards sustainable products.

Segment Analysis
The eco-friendly water bottle market is dominated by the plastic-free segment as consumers are increasingly preferring sustainable alternatives to plastic water bottles. BPA-free water bottles made from glass and metal are gaining popularity due to rising health concerns associated with consuming water stored in plastic bottles. The glass segment currently holds over 30% share of the global market owing to the inertness, transparency, and recyclability of glass water bottles.

Key Takeaways
The Global Eco-Friendly Water Bottle Market Size is expected to witness high growth over the forecast period. The increasing health awareness and focus on reducing plastic usage are driving the demand for sustainable water bottles made using plant-based, biodegradable, and recyclable materials. The global Eco Friendly Water Bottle Market is estimated to be valued at US$ 7.91 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.

Regional analysis
North America currently dominates the global eco-friendly water bottle market led by the United States. The region accounts for over 40% share of the global market due to stringent regulations against single-use plastic and presence of major manufacturers. Asia Pacific is emerging as the fastest growing regional market with countries like India and China witnessing rising adoption of glass and metal water bottles.

Key players operating in the eco-friendly water bottle market are Merck & Co., Inc., Novartis AG, Amicus Therapeutics, AstraZeneca Plc, Boehringer Ingelheim, Shire Plc, Sanofi Genzyme, BioMarin Pharmaceutical, Inc., Horizon Pharma Plc, and GlaxoSmithKline Plc. They are engaged in new product launches, partnerships, and expansion of manufacturing facilities to strengthen their positions in the global market.

For More Insights, Read: https://www.newswirestats.com/eco-friendly-water-bottle-market-size-share-and-growth-forecast-2023-2030/