The global collapsible water bottle market is expected to accumulate USD 1,897.3 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6.5% has been projected for the market, with an expected closing value worth USD 3,567.1 Million. During the 2016-2021 historical period, the industry grew at a value CAGR worth 4.3%.
In current history, there has been a significant shift in both product manufacturing and packaging. To optimize customer convenience, a new type of beverage packaging is introduced. Collapsible water bottles are used for water storage and can be carried by folding when empty. As a result of this adaptability, the collapsible water bottle market is at an escalation stage and is predicted to exceed significantly between 2022 and 2032.
| Data Points | Key Statistics |
|---|---|
| Global Collapsible water Bottle Market CAGR (2022 to 2032) | 6.5% |
| Anticipated Market Value (2022) | USD 1,897.3 Million |
| Global Collapsible water Bottle Market (2032) | USD 3,567.1 Million |
Another benefit of collapsible water bottles is that they can be frozen for ice-cold water and are portable. This type of bottle can withstand boiling water and is BPA-free. These collapsible water bottles are prominent among office workers, personal backpackers, and those who enjoy traveling. Manufacturers are helping to build these collapsible water bottles as durable as their stainless or plastic counterparts.
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Bottled water manufacturers are introducing new packaging solutions with medical benefits and convenience, resulting in a few product releases in the collapsible water bottled water market.
It is predicted that demand for collapsible water bottles will rise significantly among athletes and office workers because they are lighter and more convenient than their industry rivals. Collapsible water bottles, on the other hand, have yet to gain much-needed popularity because they are not as durable as stainless or plastic water bottles.
Substantial improvements in the lifestyle and convenience of emerging economies have triggered the collapsible water bottle market's growth potential. Furthermore, the increase in per capita disposable income of emerging countries around the world has been defined as one of the key drivers of the dynamic growth of the collapsible water bottle market.
Some collapsible water bottles' flexibility makes them unsuitable for washing and drinking. Collapsible water bottles are still in the early stages of development, so they are more expensive than stainless water bottles.
The government's strict regulations regarding the hazardous effects of plastic use are impeding the growth of the collapsible water bottle market. These components are expected to aid in the development of the collapsible water bottled water market in the short run.
North America is a significant market due to its vast population, high household income, and the presence of numerous collapsible water bottle brands. North America is the second-largest region, accounting for nearly 16% share of the collapsible water bottle market in 2022.
Due to the obvious massive and ever-increasing demands from the millennial population seeking more sustainable alternatives, the North American region could be the largest collapsible water bottle market.
North America is expected to grow at a steady CAGR during the forecast period due to an increase in the number of people participating in various outdoor activities, which drives product demand as a sustainable alternative to single-use plastic bottles.
This trend can be attributed to consumers' elevated levels of awareness about the negative effects of using packed mineral water bottles for outdoor activities. According to the Outdoor Foundation's Outdoor Participation Report, approximately 150 million Americans participate in outdoor activities annually, with a participation rate of 48 percent.
In 2022, Europe is set to acquire nearly 22% of the global collapsible water bottle market share, and is projected to maintain the governing growth throughout the forecast period, states Future Market Insights.
Germany had the highest revenue share in 2020 and is assumed to remain at the top throughout the forecast period. Substantial improvements in the luxury and accessibility of advanced markets have prompted the collapsible water bottle market's growth potential in Europe.
The collapsible water bottle market in Europe is expected to grow faster than average, with Germany, France, Italy, and the United Kingdom leading the way in terms of demand for collapsible water bottles. Collapsible water bottles are becoming increasingly prevalent in the region's workplaces, colleges, schools, and homes.
Because of the convenience it generates, e-commerce is instantly becoming the most popular distribution channel. Customers purchase these bottles through online portals since Europe has a diverse product offering. The market is exploring new aspects of product development with a fine blend of technological innovation and customization.
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The increasing number of start-ups in the collapsible water bottle market has improved product quality and pushed global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching new products such as:
Some key players in the collapsible water bottle market are Vapur, Inc., Hydrapak LLC, inov-8, Salomon SAS, Ultimate Direction, Inc., Lingxu International Trade Co., Ltd., Qimei Packaging Co., Ltd., T&T Plastic Hardware (Zhuhai) Co., Ltd., 4MO Plastic Co., Ltd. (Zhuhai), Reshine Imp. & Exp. Co., Ltd., etc. Key developments in the collapsible water bottle market are as follows:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.5% from 2022 to 2032 |
| Market Value in 2022 | USD 1,897.3 Million |
| Market Value in 2032 | USD 3,567.1 Million |
| Base Year for Estimation | 2021 |
| Historical Period | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Capacity, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Vapur Inc.; Hydrapak LLC; inov-8; Salomon SAS; Ultimate Direction Inc.; Lingxu International Trade Co. Ltd.; Qimei Packaging Co., Ltd.; T&T Plastic Hardware (Zhuhai) Co., Ltd.; 4MO Plastic Co. Ltd. (Zhuhai); Reshine Imp. & Exp. Co. Ltd. etc. |
| Customization | Available Upon Request |
The global collapsible water bottle market is likely to value at USD 1,897.3 Million in 2022
The collapsible water bottle market is estimated to grow at a CAGR of 6.5% from 2022 to 2032
The collapsible water Bottle market is predicted to procure USD 3,567.1 Million by 2032.
| Estimated Market Size (2024E) | USD 34,434.7 million |
|---|---|
| Projected Market Value (2034F) | USD 97,732.3 million |
| Value-based CAGR (2024 to 2034) | 11% |
| Expected Market Value in 2023 | USD 1,389.53 million |
|---|---|
| Projected Market Value in 2033 | USD 2,330 million |
| Growth Rate (2023 to 2033) | 5.3% CAGR |
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Collapsible Water Bottle Market
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