The collapsible water bottle market has demonstrated strong growth, expanding from $1.72 billion in 2023 to $1.83 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. Factors driving this growth include increased per capita disposable income, a large population base, rising demands from millennials for sustainable options, and growing needs for portability and convenience. Looking ahead, the market is expected to reach $2.39 billion by 2028 at a CAGR of 6.9%. This growth is supported by rising demands for convenience, higher household incomes, social media influence, and increased outdoor and sports activities. Noteworthy trends include new product developments, technological innovations, advancements in ultralight materials, and increasing eco-consciousness.
Major Driver In The Collapsible Water Bottle Market
The collapsible water bottle market is anticipated to flourish with the increase in the working professional demographic. Factors such as population growth and advancements in technology are contributing to a higher demand for skilled labor. Collapsible water bottles, offering a portable and eco-friendly hydration solution, align perfectly with the on-the-go lifestyle of today’s professionals. Recent statistics from the Office for National Statistics indicated a UK employment rate of 74.3% for February to April 2024, and the Australian Bureau of Statistics reported a rise in employment to 14,355,100 individuals in May 2024. This trend underlines the increasing demand for collapsible water bottles.
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Collapsible Water Bottle Market Competitive Landscape
Salomon SAS, Cascade Designs Inc., Lollicup USA Inc., Zoku LLC, Nalgene, Dexas International Ltd., Liquid Bottles LLC, Stojo Products Inc., GSI Outdoors Inc., Nomader LLC, Vapur Inc., Hydrapak LLC, Hydaway LLC, Que Bottle LLC, Bubi Bottle LLC, Memobottle Inc., Dafi LLC, Tap Water Co., Ultraspire Inc, Cnoc Outdoors
Key Collapsible Water Bottle Market Trend
Key companies in the collapsible water bottle market are developing innovative products like Tempo squeeze bottles to address the increasing demand for portable and space-saving hydration solutions. These bottles, often used for condiments and sauces, feature a flexible body that allows for easy squeezing, making them ideal for on-the-go use. In November 2023, HydroPak, a U.S.-based company, launched its new Tempo Squeeze Bottles collection at the Boston Run Show. These bottles, with their ergonomic shape and lightweight construction, are designed to withstand the demands of training and racing, providing a convenient solution for athletes and active individuals.
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Collapsible Water Bottle Market Segmentation
The collapsible water bottle market covered in this report is segmented –
1) By Material Type: Silicon, Plastic, Other Material Types
2) By Capacity: 250-500 ML, 500-750 ML, 750-1000 ML, 1 Liter And Above
3) By Application: Hypermarket, Supermarkets, Online Stores, Other Applications
4) By End User: Everyday, Sports, Institutional, Office, Educational, Recreation, Other End Users
By Geography:The regions covered in the collapsible water bottle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the collapsible water bottle market in 2023. Europe is expected to be the fastest-growing region in the forecast period.
The Collapsible Water Bottle Global Market Report 2024 furnishes information about the global collapsible water bottle market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
