Global Stainless Steel Water Bottle Market Size To Worth USD 2.41 Billion By 2033 | CAGR of 6.79%
Category: Consumer GoodsGlobal Stainless Steel Water Bottle Market Size To Worth USD 2.41 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Stainless Steel Water Bottle Market Size is Expected to Grow from USD 1.25 Billion in 2023 to USD 2.41 Billion by 2033, at a CAGR of 6.79% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on The" Global Stainless Steel Water Bottle Market Size, Share, and COVID-19 Impact Analysis, By Capacity (Less than 12 oz, 12 oz to 20 oz, 20 oz to 32 oz, and 32 oz or more), By Coverage Type (Vacuum Bottle and Non-Vacuum Bottle), By Application (Household, Office, and Outdoors), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/stainless-steel-water-bottle-market
The stainless steel bottle market is one of the major global industries regarding the production, marketing, and distribution of bottles specifically made from stainless steel, that are used extensively for carrying fluids such as drinking water, liquid beverages, and other liquids. It has two walls and a vacuum-insulated layer at the top. A stainless steel water bottle stores liquids or other beverages in an insulated stainless steel water bottle which keeps it hot for 12 hours or ice cold for 24 hours. This is so because stainless steel resists corrosion and does not readily react with chemicals when heated and hence lasts longer than glass or plastic bottles. Other driving factors for stainless-steel insulated water bottles include durability. Many companies are also working to create non-plastic bottles. The market for stainless-steel insulated water bottles is promising in the future and is expected to increase during the projected period with the growing consumer awareness of environmental and health issues. However, the rise in the cost of raw materials is fluctuating the growth of this market.
The 12 oz to 20 oz segment had the biggest share in 2023 and is anticipated to expand at a considerable CAGR during the projected timeframe.
Based on the capacity, the stainless steel water bottle market is classified into less than 12 oz, 12 oz to 20 oz, 20 oz to 32 oz, and 32 oz or more. Among these, the 12 oz to 20 oz segment held the biggest share in 2023 and is anticipated to grow at a considerable CAGR during the projected timeframe. These bottles dominate this segment because of their small size, which makes them easy to carry.
The vacuum bottle segment held the highest share in 2023 and is expected to grow at a substantial CAGR during the projected timeframe.
Based on the coverage type, the stainless steel water bottle market is divided into vacuum bottle and non-vacuum bottle. Among these, the vacuum bottle segment held the highest share in 2023 and is expected to grow at a substantial CAGR during the projected timeframe. Vacuum bottles keep the liquid to its original temperature for several hours.
The household segment held the highest share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe.
Based on the application, the stainless steel water bottle market is divided into household, office, and outdoors. Among these, the household segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. These bottles are used in household to store beverages and because of its aesthetic approach.
North America is estimated to hold the largest share of the stainless steel water bottle market over the forecast period.
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North America is estimated to hold the largest share of the stainless steel water bottle market over the forecast period. This is because stainless steel water bottles are becoming more and more popular in this area. The market for stainless steel water bottles is dominated by North America because of the region's expanding population, changing lifestyles, and increased awareness of the benefits of using long-lasting, reusable bottles. Additionally, the region's market is growing due to improvements in manufacturing techniques.
Asia Pacific is predicted to have the highest CAGR growth in the stainless steel water bottle market over the forecast period because of increased public awareness and a more expansive route for the production of stainless steel water bottles in this region.
Major key players in the stainless steel water bottle market include BRITA GmbH, Thermos L.L.C., Zojirushi Corporation, Bulletin Brands, Inc., Sigg Switzerland AG, Tiger Corporation, Cool Gear International, LLC., Klean Kanteen, Inc., YETI COOLERS, LLC., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2022, Hydro Flask launched category-first water bottle trade-in program in the US. In an effort to reduce waste and promote a more circular economy, this allowed customers to recycle specific used Hydro Flask goods.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the stainless steel water bottle market based on the below-mentioned segments:
Global Stainless Steel Water Bottle Market, By Capacity
- Less than 12 oz
- 12 oz to 20 oz
- 20 oz to 32 oz
- 32 oz or more
Global Stainless Steel Water Bottle Market, By Coverage Type
- Vacuum Bottle
- Non-Vacuum Bottle
Global Stainless Steel Water Bottle Market, By Application
- Household
- Office
- Outdoors
Global Stainless Steel Water Bottle Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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