Reusable Water Bottles under Scrutiny for Spreading Coronavirus
Since COVID-19 is transmitted through contact with respiratory droplets, reusable water bottles are under scrutiny for spreading the novel infection. Such findings are affecting sales in the reusable water bottle market. Since reusable water bottles need to be sterilized every 20 minutes while traveling, consumers are opting for single-use or sealed water bottles. Even though it is advised that individuals must use sealed water bottles while travelling, people in households are preferring reusable water bottles.
Manufacturers in the reusable water bottles market are ensuring optimum inventory for raw materials to adapt to the volatile demand sentiments of consumers during the ongoing pandemic. They are entering the plug-and-play mode to maintain business continuity. Companies are taking data-driven decisions before investing in new technologies and processes. They are entering into mergers & acquisitions (M&A) to create value-added products for consumers.
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Collaborations Lead to Innovations in Hybrid Material Water Bottles
Hybrid reusable water bottles are storming the market landscape. This explains why the market is projected to reach US$ 12 Bn by 2031. Nestlé S.A. – a Swiss multinational food and drink processing conglomerate corporation, collaborated with Ecologic Powered by Jabil, a California-based start-up that specializes in eco-design of packaging. This collaboration led to the innovation of the Vittel® GO natural mineral water bottle that is made from as little recycled plastic, surrounded by a protective casing made from 100% recycled cardboard and old newspapers.
CSR Initiatives Help Boost Credibility of Reusable Water Bottle Brands
The global reusable water bottles market is slated to clock a CAGR of 3.6% during the forecast period. Nonetheless, reusable water bottles are growing popular to cap plastic waste. Smart water bottle brand Rebo is being publicized for partnering with Adidas and Parley Global Cleanup Network, where it has an alliance to remove plastic waste from beaches, mangroves, and remote islands. Such CSR (Corporate Social Responsibility) activities are boosting the credibility of brands in the reusable water bottles market.
Manufacturers are boosting the production of stainless steel reusable water bottles. They are increasing the availability of bottles made from 100% recycled stainless steel.
Lifetime Warranty in Bottles and Climate Neutral Certified Products Gain Prominence
Companies in the reusable water bottles market are manufacturing bottles that help store both hot and cold water. The Klean Kanteen offers reusable water bottles, and it is gaining popularity for its Climate Neutral Certified products. Manufacturers in the reusable water bottles market are taking cues from such innovations to develop BPA-free and dishwasher-safe bottles.
On the other hand, reusable glass water bottles with silicone sleeves are gaining popularity for their aesthetic appearance. These silicone sleeves help to absorb impact when dropped. In order to gain a competitive edge over other manufacturers, brands are offering a lifetime warranty against breakage for reusable glass water bottles.
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Brands Becoming Part of Charitable Programs for Developing Economies
Sports bottles with activity-friendly caps are usually preferred by athletes and other consumers. Manufacturers in the reusable water bottles market are increasing the availability of insulated brew bottles meant for water infusions and hot beverages. Brands are partnering with non-profit organizations to send a percentage of every purchase to organizations that help bring clean and safe drinking water to people in developing countries.
Companies in the reusable water bottles market are making use of post-consumer waste and recycled materials to package the bottles. Bold colors and simple designs are preferred in reusable water bottles among the Gen Z population. Brands are allowing consumers to choose from a range of lids and straw options to meet the convenience of users.
Stainless steel reusable water bottles made with temperature shielding technology are being preferred to store hot and cold water & other beverages. Many brands and startups are becoming a part of charitable programs that benefit public green spaces and promote outdoor adventure among its shoppers.
Rising Demand for Convenient and Environment-friendly Water Bottles Fuels Demand for Reusable Water Bottles
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Strategies Adopted by Key Players
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