Global Stainless Steel Water Bottle Market – Industry Trends and Forecast to 2029

Global Stainless Steel Water Bottle Market, By Type (Children Products, Teenagers Products, Adult Products), Coverage Type (Vacuum Bottle, Non-Vacuum Bottle), Distribution Channel (Online, Offline), Application (Households, Office and Outdoors), – Industry Trends and Forecast to 2029

Market Analysis and Size

Staying hydrated is essential for all of us and it is an easy way to keep everyone healthy. So the stainless steel is helpful for keep us hydrated. The stainless steel bottle has a longer lifetime that is not in the case of plastic or glass bottles and these bottles are easily break. Also, stainless steel water bottles are incredibly useful because they maintain your beverages' temperature at average time period.   Moreover, stainless steel is a hundred percent recyclable and it can be used for a longer period. 

Data Bridge Market Research analyses that the stainless steel water bottle market was valued at USD 1270.00 million in 2021 and is expected to reach USD 1819.94 million by 2029, registering a CAGR of 4.60% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

A stainless steel water bottle is a vessel which consist double walls structure with a vacuum insulated layer. It is used to hold, liquids or other beverages for and ice cold 24 hours up and hot 12 hours up that is insulated stainless steel water bottle. Stainless steel bottles are last longer than plastic or glass bottles because they are corrosion resistant and do not react with chemicals easily when exposed to heat. These bottles come in an extensive variety of shapes, sizes, and colours. These bottles are energy-intensive.

Stainless Steel Water Bottle Market Dynamics

Drivers

• High demand over plastic bottles

When the beverages have stored in stainless steel bottle it remains cold or hot for an average time. Due to this factors, these bottles are acting as added advantages to increase the stainless steel water bottles market over the use of plastic bottles.  Plastic bottles increase the chance of chemicals seeping into the juices. Bu the stainless steel keep it chemical free.

• Rise in demand due to high durability

Stainless steel bottles are very durable compared to other materials bottles. The best part of these bottles are they can easily wash in a dishwasher. Stainless steel bottles can be used in almost every situation, which is the reason why they are preferred by regular travelers as well as athletes which are expected to drive the growth of the stainless steel bottles market.

• Rise in the number of government initiatives for spreading consumer awareness

The governments of several countries are taking initiatives to ban single-use plastic bottles and instead promote the use of reusable bottles which are eco-friendly are safe to use. Stainless steel water bottle market is anticipated to rise due to the increasing number of government initiatives to spread consumer awareness about using eco-friendly bottles.  

Opportunities

Growing awareness about the harmful effects created by the use of single-use plastic bottles to the environment is a main factor expected to drive the demand for stainless steel insulated bottles globally. Such bottles can be cleaned easily and reused. These bottle do not contain any harmful chemicals. Several plastic bottles contain many chemicals, like BPA, which are one of the reason of cancer, memory loss and brain dysfunction. All these factors restrain the use of plastic bottles and increase the preference for stainless steel bottles in the market further boost beneficial opportunities for the market's growth rate.

Restraints/ Challenges

The rise in raw material costs for the manufacturing of the stainless steel water bottle is the major challenge for the market's growth. Higher prices for the stainless steel water bottle are a restraint in growth of stainless steel water bottle market during forecast period. The negative impact of Covid-19 on supply chain will also obstruct the and further challenge the market growth rate.

This stainless steel water bottle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stainless steel water bottle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Stainless Steel Water Bottle Market

During covid-19 the supply chain and manufacturing unit have both been severely impacted, with a significant drop in output. The demand from end-user industries has changes dramatically. The outbreak COVID-19 pandemic has been refrained the physical shopping and largely opted for online purchases. This situation has driven the manufacturers to distribute their products by online channels, promoting the use of reusable water bottles through the online distribution channel.

Global Stainless Steel Water Bottle Market Scope

The stainless steel water bottle market is segmented on the basis of type, coverage type, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Children Products
• Teenagers Products
• Adult Products

 Coverage Type

• Vacuum Bottle
• Non-Vacuum Bottle

Distribution Channel

• Online
• Offline

Application

• Households
• Office
• Outdoors

Stainless Steel Water Bottle Market Regional Analysis/Insights

The stainless steel water bottle market is analysed and market size insights and trends are provided by country, type, coverage type, distribution channel and application as referenced above.

The countries covered in the stainless steel water bottle market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the stainless steel water bottle market in terms of revenue e during the forecast period. This is due to the growing demand for stainless steel water bottle in this region. North America region leads the stainless steel water bottle market due to the growing population and change in lifestyle increase the awareness of, usage of reusable and durable stainless steel water bottles and Upsurge in manufacturing processes is another reason for growth of market in this region.

During the projected period, Asia-Pacific is projected to be the fastest developing region due to growing awareness among public and wider path for the manufacturing of the stainless steel water bottles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Stainless Steel Water Bottle Market Share Analysis

The stainless steel water bottle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stainless steel water bottle market.

Some of the major players operating in the stainless steel water bottle market are:

• Hydrocellusa (US)
• MIRA Brands (US)
• Stanley Black & Decker, Inc. (US)
• Dassault Systèmes SolidWorks Corporation (US)
• YETI COOLERS, LLC. (US)
• Baokang Group co.,ltd  (China)
• Klean Kanteen (US)
• EMSA GmbH (Germany)
• Tiger Corporation (Japan)
• Hydro Flask (US)
• Zojirushi America Corporation (US)
• CAN'T LIVE WITHOUT IT, LLC (US)
• ZHE JIANG HAERS VACUUM CONTAINERS CO., LTD (China)
• Thermos L.L.C (US)
• Ignite USA, LLC (US)
• LocknLock Co. (South Korea)
• Tupperware (US)
• FAYREN INT'L GROUP (CHINA) CO.,LTD (China)
• Laken Bottles, Inc (US)
• Hamilton Housewares Pvt. Ltd (India)