Water bottles with filters market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- According to Technavio, the global water bottles with filters market size is estimated to grow by USD 266.01 million from 2022 to 2027. The market is estimated to grow at a CAGR of 14.79% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 34%. For more Insights on market size Request a sample report
Water Bottles With Filters Market - Five Forces The global cloud data warehouse market is fragmented, and the five forces analysis covers?
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter's five models helps to strategize the business, for entire details ? buy the report!
Water bottles with filters market ? Customer Landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Water bottles with filters market - Segmentation Assessment
Segment Overview Technavio has segmented the market based on type (metal, plastic, and other materials), distribution channel (offline and online), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The market growth will be significant in the metal segment during the forecast period. Metal water bottles with filters have great stability and strength, which make them a perfect choice for customers. The growing demand for accessible products and the rising awareness about the importance of reducing plastic waste will drive the growth of the segment.
Geography Overview By geography, the global water bottles with filters market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global water bottles with filters market.
North America will account for 34% of the market growth during the forecast period. Factors such as the launch of innovative products, the growing use of the online platform for purchasing durable household products, and increased awareness and adoption of water bottles with filters made of raw materials other than plastic, such as steel and glass are driving the growth of the water bottles with filters market in North America.
Water bottles with filters market ? Market Dynamics
Key factor driving market growth
The market is driven by declining water quality leading to waterborne diseases.
About 10% of the global population do not have access to clean drinking water, and this proportion is continuously increasing.
The excessive exploitation of water bodies for industrial and local waste disposal is making water unsuitable for drinking.
This coupled with the depletion of drinking water sources is leading to an increase in the incidence of waterborne diseases such as cholera.
The growing health concerns are compelling consumers to opt for bottled drinking water and water purifiers that provide clean, purified, bacteria-free, and safe drinking water.
Manufacturers of bottled drinking water and water purifiers are trying to capitalize on this demand by introducing water bottles with filters that meet the standards set by governments and regulatory bodies.
Leading trends influencing the market
The introduction of self-cleaning water bottles is a key trend in the market.
Cleaning water bottles during outdoor adventure activities such as camping creates several issues regarding safe drinking water.
The water used to clean the bottles may be contaminated and could lead to the breeding of bacteria in the bottle. Thus cleaning water bottles becomes another big task for campers.
To overcome such challenges, vendors in the market are introducing water bottles with filters that have a self-cleaning feature.
For instance, LARQ offers self-cleaning water bottles that use UV-C LED light to eliminate bio-contaminants from water and bottle.
Major challenges hindering the market growth
The strong preference for packaged mineral water is a major challenge impeding the market growth.
The demand for packaged drinking water is high among consumers due to its easy availability and low price.
The presence of added minerals further fuels the preference for bottled drinking water among consumers.
In addition, beverage companies are actively investing in marketing activities and other promotional activities to create awareness about the benefits of drinking bottled drinking water, which attracts a large number of customers.
These factors are increasing the preference for packaged drinking water, which restricts the growth of the market in focus.
The hydration products market is estimated to grow at a CAGR of 8.94% between 2022 and 2027. The size of the market is forecast to increase by USD 486.36 million. The increase in military expenditure is notably driving the market growth, although factors such as the high cost of hydration products may impede the market growth.
The water heater market is estimated to grow at a CAGR of 5.5% between 2022 and 2027. The size of the market is forecast to increase by USD 6,981.04 million. The increasing demand for tankless water heaters is notably driving the market growth, although factors such as high installation and maintenance costs may impede the market growth.
Water Bottles With Filters Market Scope
Report Coverage
Details
Page number
154
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 14.79%
Market growth 2023-2027
USD 266.01 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
12.34
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 34%
Key countries
US, Canada, China, UK, and France
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Aquamira Technologies Inc., Berkey Filters, Boll and Kirch Filterbau GmbH, Cascade Designs Inc., Clearbrook, GRAYL, Icon LifeSaver Ltd., Katadyn Products Inc., KOR Water Inc., LARQ Inc., NewAge Inc., O2Cool LLC, Sawyer Products Inc., Seychelle Environmental Technologies Inc., The Clorox Co., VESTERGAARD SARL, Water to Go Ltd., WaterWell, Worldway Industrial Corp., and SurviMate
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global water bottles with filters market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global water bottles with filters market 2017 - 2021 ($ million)
Exhibit 162: Validation techniques employed for market sizing
Exhibit 163: Information sources
13.5 List of abbreviations
Exhibit 164: List of abbreviations
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