Sport Bottle Market Size, Share, Growth, and Industry Growth by Type (Stainless Steel Sport Bottle, Plastic Sport Bottle, Aluminum Sport Bottle and Other) By Application (Daily Life and Outings) Regional Forecast To 2031

Sport Bottle Market REPORT OVERVIEW

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global sport bottle market size was USD 3852 Million in 2021 and market is projected to touch 5433.63 Million by 2031, exhibiting a CAGR of 3.5% during the forecast period.

Being one of the most vital and necessary resources for life, drinking water has made water bottles one of the most widely used items on a daily basis. During exercise-fueling sports, sports bottles are used to carry any form of beverage. When participating in vigorous activities like jogging, hydration is essential. Because they are portable, durable, and simple to handle, water bottles are frequently used in outdoor activities including sports, hiking, picnics, and festivals. It is anticipated that the market for reusable sports bottles would expand rapidly due to the rise in outdoor activities.

COVID-19 Impact: Halt in Sporting Events to Hinder the Market Growth

Aside from the medical and emergency sectors, the COVID-19 pandemic had a significant influence on many organizations and enterprises worldwide. A number of industries, including the market for sports water bottles, were sterilized by the global adoption of social isolation and lockdown. Strict social segregation laws in the impacted areas drastically decreased athletic and hiking activities, which resulted in decreased demand for sports bottles. The supply chain has been disrupted as a result of the lockdown, which has limited output across a number of businesses.

LATEST TRENDS

"Reusable Water Bottles to Augment the Market Growth"

Athletes, sportspeople, and people who are passionate about fitness use sports bottles a lot when they are working out and exercising every day. Dehydration is a result of the strenuous training and exercise, which also causes exhaustion. Mineral water and specialty energy drinks are available in sports bottles to meet the demand for hydration. Reusable water bottles are also taking the place of environmentally hazardous use-and-throw water bottles. increasing the equilibrium of the ecosystem. The expansion of the global sports bottles market will be aided in the projected period by increased interest in and funding for athletic activities throughout the world as well as awareness of how water intake may improve human health.

Sport Bottle Market Segmentation

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• By Type Analysis

By type, market is segmented into stainless steel sport bottle, plastic sport bottle, aluminum sport bottle and other. The stainless- steel sport bottle segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into daily life and outings. The daily life segment will lead the global share through 2031.

DRIVING FACTORS

"Outdoor Activities to Boost the Market"

The use of sports bottles in outdoor activities is one of the most important factors anticipated to boost market expansion over the anticipated timeframe. Trekking activities make up a sizable section of the market for sports bottles, and organizing an exciting weekend hike is growing popular.

"Distinct Water Bottle for Sporting Purposes to Impel the Market"

Manufacturers of bottles have created appealing sport bottles in response to consumer demand for a distinct water bottle for sporting activities. The market for bottles has experienced significant development as a consequence of rising demand for fitness and exercise accessories, with sport bottles ranking among the most crucial equipment. The requirements of consumers are continuously being met by bottle producers, who also provide sports bottles that are fashionable, attractive, and come in a range of forms and styles.

RESTRAINING FACTORS

"Negative Effects of Plastics Bottle to Challenge the Market Growth"

It is said to be detrimental to one's health to drink water straight from plastic water bottles. The plastic bottles made without BPA include certain chemicals that seep into the water and can mess with people's hormones. Additionally, producing these PET plastics requires a significant amount of energy and fossil fuels, both of which discharge toxic chemicals into the environment and have negative effects on the health of the employees. Due to the incomplete recycling of these pet plastics, when they break down, they release hazardous compounds that endanger aquatic life and pollute the land and oceans. It takes a lot of energy and resources to recycle anything. These issues with PET water bottles are anticipated to hinder the global market for sports water bottles.

Sport Bottle Market REGIONAL INSIGHTS

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"North America to Hold the Largest Global Sports Bottle  Market Share"

In North America, the market for sport bottles is very popular. Sports bottles are one of the main accessories in the market for fitness accessories, and it is thought that consumers' high consciousness of their physical well-being is what motivates them to join fitness clubs or engage in indoor and outdoor activities, which in turn influences demand for those accessories. Sport bottle penetration in APAC is lower than in North America, although it has been shown that the market is steadily expanding. Sport bottles might experience growth throughout the anticipated time thanks to developing economies like India's.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

LIST OF TOP SPORT BOTTLE COMPANIES

• Thermos (U.S.)
• PMI (U.S.)
• Lock & Lock (South Korea)
• Tupperware (U.S.)
• CamelBak (U.S.)
• Zojirushi (Japan)
• Haers (China)
• SIGG (Switzerland)
• Tiger (Japan)
• Klean Kanteen (U.S.)
• Fuguang (China)
• Shine time (U.S.)
• Powcan (China)
• Nan long (Argentina)
• Nalgene (U.S.)
• Laken (U.S.)
• KOR (U.S.)
• Contigo (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.