Hydration Containers Market Scope, Future Demand, Outlook 2027
Environmental Concerns Trigger Demand for Hydration Containers
Plastic harms the environment more than most other material on the Earth. According to various reports, ~ 242 million tonnes of plastic waste was generated across the globe in 2016. Asia Pacific, Europe, and North America are the major contributors to plastic waste generation. To resolve this issue, various government and non-government organizations have started taking initiatives to reduce plastic waste generation.
One such step is seen with the growth of hydration containers that comprise reusable water bottles, tumblers, shakers, infusers, etc., which has started gaining huge popularity among the masses. With nearly 100 million plastic bottles used every day, globally, which gives huge market potential for the growth of hydrations containers. Apart from environmental impact, changing preferences against the use of plastics bottles, increasing sports activities, and higher demand for lightweight consumer-friendly containers are also positively impacting the growth of this market.
To provide a complete understanding of the growth of the market, Transparency Market Research has recently published a report on the global hydration containers market. The report gives comprehensive information about the hydration containers market over the forecast period of 2019 and 2027.
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Hydration Containers Help in Reducing Carbon Footprint
The first synthetic plastic — Bakelite — was manufactured in 1907, and marked the beginning of the global plastics industry. Since then, this industry has evolved significantly and has undergone various transformations. Gradually, the usage of synthetic plastic has increased for making water bottles and other beverage containers/bottles. Eventually, the quantity of production and the use of plastic bottles increased tremendously, adversely affecting the environment.
However, to reduce the environmental effects of plastic bottles, the demand for reusable bottles has increased significantly across the globe. Reusable bottles can used around 80 times, thus, helps in reducing the carbon footprint of plastic. Moreover, increasing pressure on landfilling and recycling issues due to single-use bottles has further fueled the demand for reusable bottles that are made of polymer, metal, glass, and silicon. Manufacturers are also innovating in terms of product design and features such as vacuum insulation, embedded mist sprayers, and infusers. These latest innovations are expected to increase the overall revenue generated by the hydration containers market in 2019 to ~ US$ 9.7 Bn, and to US$ 15.6 Bn by the end of 2027.
Key Questions Answered in the Hydration Containers Market Report
The business asset analyzes the global hydration containers market in terms of value (US$ Mn) and volume (units). The objective was to elucidate on the current trends and future scope of the global hydration containers market, coupled with the key strategies used by market players. With all this information, readers and stakeholders will be able to make well-informed and smart decisions in the coming few years. Some of the key questions answered in the report are:
- How is the global hydration containers market growing in terms of revenue and volume?
- What are the key strategies used by players functioning in the global hydration containers market?
- How will the use of hydration containers be environmentally-friendly, and how will this factor affect market growth?
- What are the key revenue generation strategies used by players in the global hydration containers market?
- Which region offers the highest incremental opportunity in the coming years?
- Which customer base is beneficial for the growth of players in the hydration containers market?