ALBANY, N.Y, Dec. 15, 2020
- Insulated water bottles market is likely to gather around US$4.1 Bn by the end of 2026. This growth is owing to growing interest of manufacturers in innovation and making their products more attractive and user-friendly
- The Asia Pacific insulated water bottles market is likely to show prominent growth avenues in the forthcoming years
ALBANY, N.Y, Dec. 15, 2020 /PRNewswire/ -- Insulated water bottles are gaining traction among major worldwide population. These bottles are used every day for storage of drinking water. The growing trend of consuming boiled water is expected to boost the expansion of the global insulated water bottles market. Apart from boiled water, these bottles find extensive application for storage of beverages during activities such as travelling, sports, and trekking. Users can select from products manufactured from metal, plastic, silicone, and glass material.
Analysts at TMR largely concur that the global insulated water bottles market will show growth at a moderate CAGR of 4.8% during assessment period. With growing focus on advancing product quality, major industry leaders are investing in research and development activities. This factor is estimated to impact positively on market expansion.
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Key Findings of Insulated Water Bottles Market Report
Explore 170 pages of top-notch research, incisive insights, and detailed country-level projections on Insulated Water Bottles Market (Product Type - Fine Mouth, Big Mouth, Mugs and Tumblers; Primary Usage - Everyday, Sports, Travel and Others; Sales Channel - Modern Trade, Departmental Store, Online Stores and Other Sales Channel; Material Type - Plastic, Metal, Glass and Silicone) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026 at https://www.transparencymarketresearch.com/insulated-water-bottles-market.html
Insulated Water Bottles Market: Key Driving Factors and Promising Avenues
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Insulated Water Bottles Market: Competitive Assessment
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The insulated water bottles market can be segmented as follows:
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Pharmaceutical Plastic Bottles Market – The research report by TMR further states that the U.S. pharmaceutical plastic bottles market will register a steady growth at a CAGR of 4.10% over the period from 2016 to 2024. The main type of products in this market are dropper bottles, liquid bottles, packer bottles. Among these, the packer bottle segment is witnessing the most significant demand across the U.S. Researchers expect this scenario to remain so over the next few years.
Pharmaceutical Bottles Market – The increasing demand for therapeutic medications related to eyes, ears, and nose, conventionally prescribed in dropper bottles, is likely to drive the dropper segment considerably in the years to come. The liquid segment is expected to gain from the augmenting demand for liquid medications as an efficient alternative to solid medicines from patients having swallowing issues. As E-liquid is in its budding stage, the segment is anticipated to exhibit moderate progress in the forthcoming years.
Eco Friendly Bottles Market – The global eco friendly bottles market has risen at a rapid pace in recent years in response to the growing support to environmental causes from governments and the masses alike. The eco friendly bottles market has been driven by the eagerness of key competitors to cash in on the growing support to environmentalism, which has led to consistent innovation, as well as steady government support. The steady prevalence of these drivers is likely to enable rapid growth of the eco friendly bottles market in the coming years.
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