Drinking water being an essential and most important resource for living, has made water bottles as one of the most common daily use object. Sports bottles are used to hold any type of drink during sports that fuel the workout. Hydration is an integral part while performing physical activities like jogging. Water bottles find their use in sports, trekking, picnics, and outdoor events due to their easy handling, durability and ease of mobility. The increasing outdoor activities is expected to rocket the market growth for reusable sports water bottles.
The global sports water bottles market is estimated to surpass US$ 7,143.93 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2021 to 2028).
One of the most influential factor expected to stimulate market growth during the forecast period is the applications of sports water bottles in outdoor activities. Trekking activities account for a large portion of the demand for sports water bottles, and planning an adventurous weekend trek is becoming trendy. For instance, according to a report from Outdoor foundation, there was an increased percentage of participation in outdoor activities from 50.7% to 52.9% in the U.S. The surge in such outdoor activities is expected to drive demand for reusable sports water bottles in the near future.
Consumer need for a separate water bottle for sports activities has driven bottle makers to design attractive sport bottles. Increased demand for fitness and exercise accessories has resulted in substantial growth in the bottle market, with sport bottles being one of the most important accessories. Bottle manufacturers have been continually producing appealing and trendy sports bottles in a variety of shapes to satisfy the needs of customers, and also designs that entice them to buy.
Among region, Asia Pacific held dominant position in the global sports water bottles market in 2020, accounting for 35.45% market share in terms of revenue, followed by North America and Europe. Owing to the rising health consciousness and the growth in disposable income will also contribute to the growth of the global sports water bottles market. Consumers are joining fitness clubs or perform indoor and outdoor activities thereby impacting the demand for fitness accessories market, sports bottles being one of the main accessories used in daily life.
Figure 1. Global Sports Water Bottles Market Revenue Share (%), By Region, 2020
Drinking water from plastic water bottles without cleaning it is considered harmful for health. For instance, according to a research study conducted by ‘treadmill reviews’ in 2006, a random athlete’s water bottle had 313,499 CFU (Colony forming units) of bacteria, also out of all the types of bacteria found on water bottles, almost 60% are disease causing bacteria. The BPA-free plastic bottles contain certain chemicals that leach into water and can disrupt the hormonal system in humans. Moreover, production of such PET plastics consumes a lot amount of energy and require fossil-fuels which releases harmful pollutants into environment, and is harmful for workers as well. These pet plastics are not completely recyclable, the decomposition of such pet bottles secretes toxic substances polluting the land and oceans and threatens the aquatic life. The recycling process consumes a significant amount of energy and resources. The global sports water bottles market is projected to be hampered by these drawbacks of PET water bottles.
|Base Year:||2020||Market Size in 2021:||US$ 5,428.8 Mn|
|Historical Data for:||2017, 2018, and 2019||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||4.0%||2028 Value Projection:||US$ 7,143.93 Mn|
Nike, Adidas AG, Borosil, Milton, H2O International SA., shanghai Atlantis Industry Co. Ltd, SIGG Switzerland Bottles AG, Decathlon S.A., Puma SE, and Camlin Kokuyo
|Restraints & Challenges:||
Sports water bottles are immensely used by athletes, sportspersons, and fitness enthusiastic individuals in daily training and exercises. The rigorous training, exercising cause dehydration and results in fatigue and tiredness. Sports water bottles containing mineral water, special energy drinks are serving the need for hydration. The reusable water bottles are also replacing the use-and-throw water bottles which are harmful to eco-system. Hence, contributing in environmental balance. Increased attention and investment in sporting events across the globe with awareness regarding human health through water consumption will foster the growth of global sports water bottles market in the forecast period
Figure 2. Global Sports Water Bottles Market Revenue Share (%), By Material Type, 2020
On the basis of material type, in 2020, plastic held largest revenue share of 36.0% in global sports water bottles market. People who participate in sports and other related activities seek for bottled water to stay hydrated during their workouts. Plastic sports bottles are becoming more popular among manufacturers and consumers due to its features such as lightweight and crystal-clear visibility. Furthermore, manufacturers can readily mould the bottles into a variety of shapes and add handles and measurement marks.
Global Sports Water Bottles Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic created a global impact and affected a lot of institutions, businesses excluding from medicinal and emergency domain. The incorporation of social distancing and lockdown around the globe sterilized several businesses including the sports water bottles market. Strict social distancing measures in the affected areas caused a significant reduction in trekking, sporting activities thus declining demand for sports water bottles. Lockdown has restricted the production of goods in various industries causing a disruption in the supply chain.
Key players operating in the global sports water bottles market include Nike, Adidas AG, Borosil, Milton, H2O International SA., shanghai Atlantis Industry Co. Ltd, SIGG Switzerland Bottles AG, Decathlon S.A., Puma SE, and Camlin Kokuyo.
Sports water bottles are manufactured, circulated in the market in various range of material type such as polymer based (PET) bottles, glass, aluminium, silicon, and stainless steel. The need for hydration anytime at any place is fulfilled by water bottles and hence they have become an essential common commodity as water supply is not always easily available.
The different end uses paved the way for bottles with various material types. The stainless steel and glass water bottles are comparatively costlier than PET ones, but are more sustainable, eco-friendly, and don’t contain any chemicals such as BPA. Glass requires regular cleanliness and maintenance. PET (Polyethylene Terephthalate) is the most widely used component for manufacturing plastic bottles, the specialty of such bottles is they are made in such a way that they can be reused, unlike single use plastics, they are much cheaper among other product material types. Although, PET bottles are reusable they are completely eco-friendly and pose threat to some extent.
Plastic pollution is one of the major problem witnessed globally as it eventually contributes to environmental degradation and climate change. Governments across the world have started drafting directives for banning plastic use or at least limit its usage. For instance, according to National Geographic, globally, one million plastic bottles are sold every minute out of which 91% do not get recycled. This in turn causes toxic accumulation in the oceans, environmental pollution and consequently leads to climate change. This alarming situation forced to incorporate use of reusable plastic water bottles made from PET, and other non-plastic based water bottles. The reusable PET bottles help in sustaining environment to a considerable extent.
Amidst the COVID-19 outbreak use of safe drinking water became a major concern among citizens, to ensure spreading individuals preferred carrying water bottles at places. In the current post pandemic phase a spike in travelling, camping, trekking, and other outdoor activities was observed. The hike in such activities and events is expected to remain constant and will propel the growth of global sports water bottles market in the near future.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.