Consumer Goods Market Report

22-aug-19 The global reusable water bottle market size is anticipated to reach USD 10.6 billion by 2025, according to a new report., expanding at a CAGR of 3.9% over the forecast period. The growth of the market is attributed to increase in demand for convenience products due to improving living standards and change in lifestyle, along with shift in consumer preferences towards using reusable water bottle. According to Forbes Media LLC, every minute humans buy a million plastic bottles and the fact that 91% of all plastic is not recycled is becoming a threat to the environment. However, shift in consumer demand towards the environmental friendly products and easy to carry bottles is a major factor fueling the market growth. In 2018, Asia Pacific held the largest share of more than 30.0% due to presence of developing countries like India and China. Improved living standards and increase in disposable income have spurred the demand for reusable water bottle . Rise in purchasing ...