The following companies as the key players in the global sports bottle market: PMI, Thermos, Tupperware, Vista Outdoor, and Zojirushi.

 

Other Prominent Vendors in the market are: Bottlesport, Bottles of Australia, Eurobottle, Garyline, Huffermen, Inpress Plastics, Nike, Polar Bottle, The Bottle Factory, US Poly Enterprise, and ZheJiang Haers Vacuum Containers.

 

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising focus on sustainability. Vendors in the global sports bottle market are increasingly focusing on sustainability. This is because sustainability offers economic and social development with the help of environment-friendly and economic solutions.”

 

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According to the report, one of the major drivers for this market is Increasing consumption of bottled water. With a rising focus toward health, taste, convenience, and designs, the consumption of bottled water is increasing. The global consumption of bottled water is expected to grow at a CAGR of more than 6% during the forecast period. With an increased prevalence of waterborne diseases and scarcity of tap water in both developed and developing countries, consumers prefer bottled water because of its better taste and quality.

 

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Further, the report states that one of the major factors hindering the growth of this market is Availability of substitutes. There are several sports and energy drink manufacturers that sell their brand-name canned energy drinks, which act as a substitute for sports bottles. The global energy drinks market is expected to grow at a CAGR of more than 11% during the forecast period. With energy drink manufacturers coming up with their own solutions and products, it is becoming a challenge for the vendors in the global sports bottle market. For instance, in 2016, Lucozade, a sports and energy drinks manufacturer, launched a new bottle design with a textured grip. The bottle is available in eye-catching colors for its sports drinks.

 

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

About Alcoholic Drinks

 

Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. After this, it is cooked, fermented, and finally, flavored with hops.

 

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