Report forecast the global sports bottle
market to grow at a CAGR of 6.15% during the period 2017-2021.
Sports bottles are used to hold any kind of
drink that fuels the workout during sports. They offer lightweight, convenient,
and shatterproof properties. In addition, these bottles are used as a
promotional item for fitness centers and sports events, such as a marathon.
They can be used multiple times because of their reusability property.
The report covers the present scenario and
the growth prospects of the global sports bottle market for 2017-2021. To
calculate the market size, the report considers the revenue generated by
different vendors through the sales of sports bottles made of several types of
materials, which include plastic, stainless steel, aluminum, and glass.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Increasing consumption of bottled water. With a
rising focus toward health, taste, convenience, and designs, the consumption of
bottled water is increasing. The global consumption of bottled water is
expected to grow at a CAGR of more than 6% during the forecast period. With an
increased prevalence of waterborne diseases and scarcity of tap water in both
developed and developing countries, consumers prefer bottled water because of
its better taste and quality.
Further, the report states that one of the
major factors hindering the growth of this market is Availability of
substitutes. There are several sports and energy drink manufacturers that sell
their brand-name canned energy drinks, which act as a substitute for sports
bottles. The global energy drinks market is expected to grow at a CAGR of more
than 11% during the forecast period. With energy drink manufacturers coming up
with their own solutions and products, it is becoming a challenge for the
vendors in the global sports bottle market. For instance, in 2016, Lucozade, a
sports and energy drinks manufacturer, launched a new bottle design with a
textured grip. The bottle is available in eye-catching colors for its sports
drinks.
Global
Sports Bottle Market 2017-2021, has been prepared
based on an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the coming
years. The report also includes a discussion of the key vendors operating in
this market.
key players in the global sports bottle
market: PMI, Thermos, Tupperware, Vista Outdoor, and Zojirushi.
Other Prominent Vendors in the market are:
Bottlesport, Bottles of Australia, Eurobottle, Garyline, Huffermen, Inpress
Plastics, Nike, Polar Bottle, The Bottle Factory, US Poly Enterprise, and
ZheJiang Haers Vacuum Containers.
Market
driver
- Increasing consumption of bottled water
- For a full, detailed list, view our report
Market
challenge
- Availability of substitutes
- For a full, detailed list, view our report
Market
trend
- Rising focus on sustainability
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 73 pages “Global
Sports Bottle Market 2017 - 2021” report covers Executive summary, Introduction,
Scope of the report, Research Methodology, Market landscape, Market
segmentation by types of materials, Geographical segmentation, Decision
framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.
Please visit this link for more details: http://mrr.cm/UGy
For related reports please visit: Sport Bottle Market Research Reports
Find all Consumer
and Retail
Reports at: https://www.marketresearchreports.com/consumer-retail
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