The scope of our recent study on "Eco-Friendly Water Bottle Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material (Paper, Metal, Glass, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)" includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also encompasses the identification of significant market players and their key developments.

The eco-friendly water bottle market is projected to reach US$ 11.06 billion by 2028 from US$ 8.19 billion in 2021; it is expected to grow at a CAGR of 4.4% during 2021-2028. Environmental consciousness among the masses is driving the global market growth. Moreover, the restrictions on single-use plastics, including regulations related to single-use packaged drinking water bottles, further contribute to the growth of the eco-friendly water bottle market.

Based on material, the eco-friendly water bottle market is segmented into paper, metal, glass, and others. In 2020, the metal segment accounted for the largest market share, and it is further expected to record the highest CAGR during the forecast period. Metal bottles are durable and are therefore preferred by most consumers for long-term usage. Moreover, being unbreakable, they are preferred over bottles made from brittle materials, such as glass. Moreover, metal bottles can be converted into thermos by installing insulating materials inside the bottle which helps maintain the temperature of water inside.

The eco-friendly water bottle market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have the fastest-growing populations in the world. Plastic pollution has become a growing concern in these countries. Governments of China and India, among others, have now passed regulations regarding the use of single-use plastics. Moreover, growing consumer awareness regarding plastic pollution has motivated a large share of the population to use eco-friendly water bottles instead of single-use packaged water bottles.

Impact of COVID-19 Pandemic on Eco-Friendly Water Bottle Market

With the COVID-19 outbreak across the world, most countries declared a health emergency and prohibited nonessential movements in 2020. Amid the pandemic, they imposed restrictions on manufacturing and other activities, which led to the disruption of supply chains of various consumer goods, including eco-friendly water bottles. However, upon relaxations in social restrictions and growth of the vaccination drives in most of the countries, different markets recovered significantly in 2021. Moreover, an increase in outdoor activities in the late phases of the COVID-19 pandemic led to higher demand for eco-friendly water bottles for people going on hikes and treks.

The report segments the global eco-friendly water bottle market as follows:

The eco-friendly water bottle market, based on material, is segmented into paper, metal, glass, and others. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the eco-friendly water bottle market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The eco-friendly water bottle market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The eco-friendly water bottle market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is segmented into Brazil, Argentina, and the Rest of South and Central America.

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