According to a new market report published by Lucintel,
the future of the US hydration bottle market looks promising with opportunities
in the various outdoor activities such as camping, hiking, fitness, and travel.
The US hydration bottle market is expected to reach an estimated $2.5 billion
by 2023, and it is forecast to grow at a CAGR of 3.9% from 2018 to 2023. The
major drivers for the growth of this market are increasing popularity of
outdoor activities, and promotional strategies by manufactures such as targeted
marketing, product design, and giving more space on shelf by major retail
brands.
In this market, plastic,
stainless steel, and glass are used to make
hydration bottles. On the basis of
comprehensive research, Lucintel forecasts that the plastic type hydration
bottle will show above average growth during the forecast period.
By product
type, regular and insulated types hydration bottle is used in US market. The insulated
water bottle is expected to remain the fastest growing segment in the forecast
period due to increasing consumer interest in sports and outdoor activities.
By sales
channel, the US hydration bottle market is segmented into offline
and online. On the basis of
comprehensive research, Lucintel forecasts that the online segment will show
above average growth during the forecast period.
Emerging
trends which have a direct impact on the dynamics of the market include increasing
adoption of smart bottles with integrated hydration calculator, increasing use
of glass and stainless steel bottles to reduce plastic waste, and increasing
demand for vacuum insulated double walled water bottles. Contigo (Newell Brands
Inc.), Yeti Holding Inc., Camelbak, Bubba (Newell Brands Inc.), and Pacific
Market International (Stanley and Aladdin) are among the major suppliers of hydration
bottles.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the US hydration bottle market by material, product,
and sales channel, and has compiled a comprehensive research report entitled “Growth
Opportunities in the US Hydration Bottle Market 2018-2023: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy by providing comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the US hydration bottle market by material, product, and sales channel, as
follows:
By Material Type
[Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
· Plastic
· Stainless
Steel
· Glass
· Others
By Product Type [Value ($ Million) from 2012 to 2023]:
- Regular
- Insulated
By Sales
Channel [Value ($ Million) from 2012 and 2023]:
·
Online
·
Offline
This
105-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity Screening
and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning
strategies for growth. It offers market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This report addresses the following key
questions:
Q.1.
What are some of the most promising, high-growth opportunities for the US
hydration bottle market by material (plastic, stainless steel, glass, and others),
product (regular and insulated), and sales
channel (offline and online)?
Q.2. Which product segment will grow at a
faster pace and why?
Q.3. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.4. What are the business risks and competitive
threats in this market?
Q.5. What are the emerging trends in this
market and the reasons behind them?
Q.6. What are some of the changing demands of
customers in the market?
Q.7. What are the new developments in the
market and which companies are leading these developments?
Q.8. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.9. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q.10. What M&A activity has occurred in
the last 5 years?
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