2 november 2018 last updated november 22nd 2018 11 00 purchases of reusable water bottles and travel mugs are on the rise as consumers seek to reduce plastic waste save money and stay hydrated.
Reusable water bottle sales.
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The global reusable water bottle market size was valued at usd 8 1 billion in 2018 and is expected to register a cagr of 3 9 from 2019 to 2025.
If the prediction holds true the market is.
By giving away or selling a water bottle with your organization s name attached to it via a sticker or tag recipients will be reminded of your group and its mission every time they take a sip of this life giving substance.
Tmr estimates that the reusable water bottle market which had a valuation of us 7 04 bn in 2015 will expand at a cagr of 4 2 between 2016 and 2024.
The growth of the market is attributed to an increase in demand for convenience products rising threats to environment from non decomposable waste bottles and rising inclination of people towards a healthy lifestyle.
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Besides being good for you and the recipient water bottles and reusable beverage containers are good for the environment.
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Reusable water bottle sales soar as consumers reject plastic.
According to transparency market research s latest market report on the reusable water bottles market for the historical period of 2014 2018 and forecast period of 2019 2027 the increasing demand for food beverages and consumer packaging is estimated to drive the growth of the market globally the reusable water bottles market is estimated at us 8.
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