Smart Bottle Market by Application and Geography - Forecast and Analysis 2021-2025
- Published: Mar 2021
- Pages: 121
- SKU: IRTNTR70303
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The smart bottle market share is expected to increase by USD 120.74 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 13.65%.
This smart bottle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart bottle market segmentations by application (smart water bottle, smart pharmaceutical bottle, smart alcoholic beverage bottle, and smart baby feeding bottle) and geography (North America, Europe, APAC, South America, and MEA). The smart bottle market report also offers information on several market vendors, including AdhereTech, Caktus Inc., Ecomo Inc., Hidrate Inc., Pillsy, Thermos LLC, TRAGO, and Open-2 LLC among others.
What will the Smart Bottle Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Smart Bottle Market Size for the Forecast Period and Other Important Statistics
Smart Bottle Market: Key Drivers, Trends, and Challenges
The surge in IoT is notably driving the smart bottle market growth, although factors such as increased cost of smart bottles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart bottle market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Bottle Market Driver
The surge in IoT is a major factor driving the global smart bottle market share growth. Smart products are created by connecting various existing products such as mobile phones, watches, bottles, and refrigerators to web-construct channels for which digital services are personalized through IoT technologies that enable one-to-one communication. IoT products space shows the extent to which a billion interconnected devices are changing business. In smart water bottles, the amount of water is automatically recorded using the weight sensor installed inside the bottle. Based on IoT technology, smart bottles interact with devices that have the application (app) installed, which allows sharing of the usage information. The newly connected gadgets, which are controlled through mobile apps and feed personal data into the cloud, are driving a wave of IoT. IoT has found its way into the world of fine liquor. Big data and healthcare IoT are expanding at a 15% CAGR, and it will account for more than $115 billion by 2025. IoT is revolutionizing emergency medical systems, thereby allowing improved patient care on-site and during transit. Due to such reasons, the demand for the market will continue to grow during the forecast period.
Key Smart Bottle Market Trend
The increasing consumption of bottled water is another factor supporting the global smart bottle market share growth. Since 2010, there has been a surge in the per capita consumption of bottled water worldwide. For instance, bottled water sold in Mexico was more than 350 million liters to 400 million liters during 2015-2020. With a rising focus on health, taste, convenience, and designs, the consumption of bottled water is increasing. Due to the increased prevalence of waterborne diseases and scarcity of tap water in both developed and developing countries, consumers prefer bottled water because of its better taste and quality. With a focus on bottled water consumption, the demand for smart bottles among consumers will also increase. This is because smart bottles also offer healthy and convenient consumption of water during exercise, just like any other bottled water with the health tracking record of the user. Also, it prevents any spillage. These aspects are contributing to the growth of the global smart bottle market.
Key Smart Bottle Market Challenge
The increased cost of smart bottles will be a major challenge for the global smart bottle market share growth during the forecast period. The process of taking any product and making it smart is expensive because of the addition of smart components and connectivity. In addition, one must build software apps to run on the product and integrate it with the product s back end. Smart products need constant upgrades in technology as they work in sync with smartphones. The cost of smart bottles ranges between $30 and $180 per unit in different countries such as the US and the UK. Factors such as lack of commercialization and inflated cost of smart bottles could hinder the overall development of the global smart bottle market to a certain extent. The smart bottle cost issue is especially expected to affect the market's growth across developing economies such as India, China, Mexico, and Brazil, wherein a sizable portion of the population has low purchasing power. Essentially, these obstacles will hinder the growth of the market.
This smart bottle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global smart bottle market as part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart bottle market during the forecast period.
Who are the Major Smart Bottle Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Caktus Inc.
- Ecomo Inc.
- Hidrate Inc.
- Thermos LLC
- Open-2 LLC
This statistical study of the smart bottle market encompasses successful business strategies deployed by the key vendors. The smart bottle market is concentrated and the vendors are deploying growth strategies such as technological advancements to compete in the market.
Product Insights and News
- AdhereTech- The company offers Smart Pill Bottles.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The smart bottle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Smart Bottle Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the smart bottle market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global metal and glass containers market includes the following core components:
- Inbound logistics
- Outbound logistics
- Marketing and sales
- Support activities
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Smart Bottle Market?
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49% of the market's growth will originate from North America during the forecast period. US is the key market for smart bottle market in North America. Market growth in this region will be slower than the growth of the market in APAC.
The presence of several established smart bottle vendors will facilitate the smart bottle market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Smart Bottle Market?
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The smart bottle market share growth by the smart water bottle segment will be significant during the forecast period. Smart water bottles are helpful for those who struggle to keep up with their hydration needs. By using smart bottles, one can ensure that his/her water intake is just right every day. It is important to consume the right amount of water every day of the week, and with smart bottles, users can make sure he/she is able to do so no matter the location and time. Moreover, these bottles are Wi-Fi and Bluetooth enabled, which track the hydration needs of the end-users. Therefore, the growth of the market segment is expected to be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart bottle market size and actionable market insights on post COVID-19 impact on each segment.
Smart Bottle Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 13.65%
Market growth 2021-2025
$ 120.74 million
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 49%
Key consumer countries
US, Germany, UK, China, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
AdhereTech, Caktus Inc., Ecomo Inc., Hidrate Inc., Pillsy, Thermos LLC, TRAGO, and Open-2 LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Smart Bottle Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive smart bottle market growth during the next five years
- Precise estimation of the smart bottle market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart bottle market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart bottle market vendors
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1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis - Metal and glass containers
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five Forces Analysis
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 16: Comparison by Application
- 5.3 Smart water bottle - Market size and forecast 2020-2025
- Exhibit 17: Smart water bottle - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Smart water bottle - Year-over-year growth 2020-2025 (%)
- 5.4 Smart pharmaceutical bottle - Market size and forecast 2020-2025
- Exhibit 19: Smart pharmaceutical bottle - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Smart pharmaceutical bottle - Year-over-year growth 2020-2025 (%)
- 5.5 Smart alcoholic beverage bottle - Market size and forecast 2020-2025
- Exhibit 21: Smart alcoholic beverage bottle - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Smart alcoholic beverage bottle - Year-over-year growth 2020-2025 (%)
- 5.6 Smart baby feeding bottle - Market size and forecast 2020-2025
- Exhibit 23: Smart baby feeding bottle - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Smart baby feeding bottle - Year-over-year growth 2020-2025 (%)
- 5.7 Impact of COVID-19 pandemic and recovery by application segment
- 5.8 Market opportunity by Application
- Exhibit 25: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Vendor Landscape
- 9.2 Landscape disruption
- Exhibit 43: Landscape disruption
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 AdhereTech
- Exhibit 47: AdhereTech - Overview
- Exhibit 48: AdhereTech - Product and service
- Exhibit 49: AdhereTech - Key offerings
- 10.4 Caktus Inc.
- Exhibit 50: Caktus Inc. - Overview
- Exhibit 51: Caktus Inc. - Product and service
- Exhibit 52: Caktus Inc. - Key offerings
- 10.5 Ecomo Inc.
- Exhibit 53: Ecomo Inc. - Overview
- Exhibit 54: Ecomo Inc. - Product and service
- Exhibit 55: Ecomo Inc. - Key offerings
- 10.6 Hidrate Inc.
- Exhibit 56: Hidrate Inc. - Overview
- Exhibit 57: Hidrate Inc. - Product and service
- Exhibit 58: Hidrate Inc. - Key offerings
- 10.7 Pillsy
- Exhibit 59: Pillsy - Overview
- Exhibit 60: Pillsy - Product and service
- Exhibit 61: Pillsy - Key offerings
- 10.8 Thermos LLC
- Exhibit 62: Thermos LLC - Overview
- Exhibit 63: Thermos LLC - Product and service
- Exhibit 64: Thermos LLC - Key offerings
- 10.9 TRAGO
- Exhibit 65: TRAGO - Overview
- Exhibit 66: TRAGO - Product and service
- Exhibit 67: TRAGO - Key offerings
- 10.10 Open-2 LLC
- Exhibit 68: Open-2 LLC - Overview
- Exhibit 69: Open-2 LLC - Product and service
- Exhibit 70: Open-2 LLC - Key offerings
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 71: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 72: Research Methodology
- Exhibit 73: Validation techniques employed for market sizing
- Exhibit 74: Information sources
- 11.4 List of abbreviations
- Exhibit 75: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Surge in IoT
- Increasing consumption of bottled water
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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