NEW YORK , July 20, 2022 /PRNewswire/ -- The water bottles with filters market size are set to grow by USD 207.55 million from 2020 to 2025 as per the latest market forecast report by Technavio. The report projects the market to progress at a CAGR of 14.62%. 34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for water bottles with filters in North America . Market growth in this region will be slower than the growth of the market in other regions. The launch of innovative products, the growing use of the online platform for purchasing durable household products, including water bottles with filters, and increased awareness and adoption of customized water bottles with filters will facilitate the water bottles with filters market growth in North America during the forecast period.
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Water Bottles With Filters Market: Segmentation Analysis
The market research report segments the water bottles with filters market by Distribution Channel (offline and online) and Geography (North America , Europe , APAC, MEA, and South America ).
Revenue Generation Segment -The water bottles with filter market share growth by the offline segment will be significant during the forecast period. The revenue of this segment has been declining gradually over the years, owing to the high preference for online shopping. To fuel the sales through offline channels, vendors are expanding their stores in local and regional markets.
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Water Bottles with Filters Market: Major Driver
The key factor driving growth in the water bottles with filters market is the declining water quality leading to waterborne diseases.
Globally, drinking water sources are depleting rapidly. This is majorly due to the rising contamination of water bodies, owing to excessive exploitation and usage of water bodies for industrial and local waste disposal.
This threatens the health and life of people across the globe with increasing waterborne diseases such as cholera and courses. Various cities have declared that they reached day zero of the water crisis, which means the drinking water has nearly run out in these cities. Such concerns led consumers to opt for bottled drinking water and water purifiers, which provide clean, purified, bacteria-free, and safe drinking water.
Hence, the growing water contamination is increasing the levels of water stress, which is positively influencing the growth of the global water bottles with filters market.
Water Bottles with Filters Market: Major Challenge
The strong preference for packaged mineral water will be a major challenge for the water bottles with filters market during the forecast period.
The preference for bottled drinking water is growing due to its easy availability and low price. Packaged mineral water also contains minerals, which further fuels the purchase of bottled/packaged drinking water among customers.
The attached brand value and customer confidence in the brand, led by the marketing campaigns and other promotional activities regarding the purity of bottled drinking water, also attract a large number of customers. This will hamper the growth of the global water bottles with filters market.
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The houseware market share is expected to increase by USD 86.90 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.61%.
The tableware market share in India should rise by USD 299.71 million from 2021 to 2025 at a CAGR of 4.51%.
Water Bottles With Filters Market Scope
Accelerate at a CAGR of 14.62%
North America, Europe, APAC, MEA, and South America
US, Canada, UK, China, and France
Leading companies, competitive strategies, consumer engagement scope
Cascade Designs Inc., Katadyn Products Inc., LARQ Inc., O2Cool LLC, Sawyer Products Inc., Seychelle Environmental Technologies Inc., SurviMate, The Clorox Co., VESTERGAARD SARL, and Worldway Industrial Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Market outlook: Forecast for 2020 - 2025
Market Segmentation by Distribution channel
Offline - Market size and forecast 2020-2025
Online - Market size and forecast 2020-2025
Market opportunity by Distribution channel
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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