Sports Bottle Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Sports Bottle Market Forecast 2024-2028

The global sports bottle market size is estimated to grow by USD 901.15 million between 2023 and 2028 exhibiting a CAGR of 4.45%. The market growth hinges on several factors, notably the rising awareness regarding health and fitness, surging demand for eco-friendly sports bottles, and the increasing popularity of personalized hydration tracking. As individuals become more conscious of their health and engage in fitness activities, the need for sustainable hydration solutions rises. Additionally, the preference for eco-friendly options aligns with environmental concerns, driving the demand for sports bottles that are both functional and environmentally responsible. Moreover, the trend towards personalized hydration tracking further propels market expansion.

What will be the Size of the Market?

To learn more about this report, Request Free Sample in PDF

Market Overview

The market is driven by a surge in health consciousness and the growing trend of exercise-fueling sports. With more individuals engaging in outdoor activities like jogging, trekking, and adventurous weekend treks, the demand for portable and durable water bottles has soared. Millennials and Generation X, with their disposable income, are key target markets. However, the market faces challenges due to environmental hazards posed by single-use plastic bottles, leading to a shift towards eco-friendly alternatives like glass bottles. Addressing these challenges is crucial to sustain market growth and mitigate the impact on landfills and groundwater. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growing awareness of the importance of health and fitness activities is notably driving market growth. Owing to the growing focus on health and fitness, more consumers are engaging in activities such as sports and physical activities, including running, cycling, hiking, and fitness training, fueling demand. The growing prevalence of chronic health issues such as obesity and lifestyle-related diseases is increasing awareness of the importance of a healthy lifestyle. Regular physical activity is associated with numerous health benefits, including the reduced risk of chronic diseases, improved mental well-being, and enhanced overall fitness. Such factors are driving the adoption of physical activities, such as sports and outdoor exercises, which, in turn, will drive the growth of the market. 

Furthermore, fitness and weight management goals are encouraging people to participate in sports and outdoor activities as a part of their fitness and weight management goals. As a result, people are increasingly engaging in activities, such as jogging, cycling, swimming, and tennis, as an effective way to burn calories. Such factors drive the demand for a feasible option to stay hydrated while being engaged in fitness and physical activities. Therefore, growing awareness of the importance of health and fitness activities drives the growth of the market during the forecast period.

Key Market Trends

Integration of smart technology in sports bottles is an emerging trend shaping market growth. The growing demand for convenient and smart hydration solutions that help consumers stay adequately hydrated during workouts, sports activities, and daily routines drives the growth of the market. Smart sports bottles also provide personalized hydration recommendations based on parameters of individual users, such as age, weight, activity level, and environmental conditions, which increases the demand for smart technology in sports bottles further. Continuous advances in sensor technology, connectivity, and battery efficiency enable innovations in smart bottle technology.

Further, market vendors are incorporating cutting-edge components and software algorithms in sports bottles to enhance their functionality, accuracy, and user experience, making smart sports bottles more reliable and user-friendly, which, in turn, propels the demand for such sports bottles. Moreover, the integration of digital health platforms, such as fitness trackers, health apps, and smartwatches in sports bottles, contributes significantly to the growth of the market. The increasing trend of active and healthy lifestyles fuels the demand for smart solutions that cater to the hydration needs of consumers. Therefore, these factors will drive the growth of the market during the forecast period.

Major Market Challenge

Fluctuation in raw material prices is a significant challenge hindering market growth. The prices of raw materials directly impact the production cost of sports bottles. When the prices of raw materials such as plastic resins or stainless steel increase, it raises the overall production expenses for manufacturers, leading to reduced profit margins or price adjustments (increases) for end consumers. Sharp fluctuations in raw material prices introduce price volatility in the market. Such factors make it difficult for market vendors to maintain stable pricing for their products due to unpredictable changes in raw material costs. 

Moreover, uncertainty in raw material prices may deter manufacturers from investing in innovation or new product development. Companies may lack financial resources to spend on research and development initiatives if they anticipate volatility in raw material costs. This could slow down the introduction of new and innovative bottle products into the market. All the above factors limit the business expansion plans of vendors and hamper the growth of the market during the forecast period.

Market Segmentation By Distribution Channel, Material And Geography

The market is driven by a multitude of factors, reflecting the diverse needs of consumers engaged in physical activities and outdoor adventures. With a growing emphasis on health consciousness and the popularity of exercise-fueling sports, the demand for drinking water solutions in water bottles has surged. These portable and durable containers cater to enthusiasts participating in various outdoor activities such as jogging, trekking, and adventurous weekend treks. Moreover, as concerns about environmental hazards associated with plastic water bottles mount, there's a noticeable shift towards reusable options, particularly among environmentally-conscious Millennials and Generation X consumers. The market thus plays a pivotal role in promoting sustainability while meeting the hydration needs of active individuals across different demographics and target markets.

Market Distribution Channel Analysis

The offline segment is estimated to witness significant growth during the forecast period. The offline segment of the market refers to the sale of sports bottles in traditional brick-and-mortar retail stores. This segment plays a crucial role in providing consumers with a physical shopping experience and the ability to check out sports bottle products in person. One key aspect of the offline segment is the presence of specialized retail stores that specifically sell such bottles and related products.

Get a glance at the market contribution of various segments View the PDF Sample

The offline segment was the largest and was valued at USD 2.71 billion in 2018. The offline segment also includes trade shows, exhibitions, and conferences where sports bottle manufacturers showcase their products. These events offer a platform for brands to interact directly with potential customers, demonstrate the features of their sports bottles, and generate awareness about their products. Attendees have the opportunity to check out different sports bottles, enquire about products, and make informed decisions about their purchases. Furthermore, the offline segment also provides sales representatives and retail store staff whose expertise and knowledge help buyers choose the bottles that suit their needs the most. These individuals are well-versed in the different features and benefits of bottles and can provide valuable advice and guidance to customers. Such factors are expected to drive the growth of the offline segment of the market during the forecast period.

Market Material Analysis

Based on the material, the market has been segmented into stainless steel, plastic, silicone, aluminum and glass. The stainless steel segment will account for the largest share of this segment.? Stainless steel sports bottles can withstand the rigors of outdoor activities, sports, and daily use. In addition, the emergence of hybrid designs and multifunctional features in stainless steel sport bottles further enhances demand. These bottles include built-in water filters, storage compartments for snacks or keys, integrated Bluetooth speakers, or compatibility with hydration packs. Such factors propel the growth of the stainless steel segment. The incorporation of smart technologies that track water intake, provide hydration reminders and temperature monitoring, and others in the stainless steel segment contributes to the growth of the stainless steel segment of the bottle market during the forecast period.

Market Region Analysis

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is expected to account for a significant share of the market. Factors such as the increase in the number of people adopting an active lifestyle or engaging in sports and other physical activities drive the growth of the regional market. The popularity of sports and fitness activities, including running, cycling, hiking, yoga, and team sports in North America, drives the demand for convenient and portable hydration options for athletes and fitness enthusiasts during their workouts and outdoor activities. Games such as football, basketball, and baseball are some of the most commonly played games in the region. The increasing participation of youth in these sports drives the demand for bottles in the region. 

In addition, the demand for gyms, as well as health and fitness clubs and centers, is growing in North America, which is increasing the sales of sports bottles in the region. In the US, which is a developed and health-conscious country, people are aware of the benefits of a healthy lifestyle. A large proportion of the population in countries such as the US is obese or overweight, and a significant proportion of this population is joining gyms or fitness clubs. Hence, the demand for sports bottles is increasing. In addition, the growth of e-commerce platforms and online retailing in the region ensures that consumers have easy access to sports bottles across North America. Therefore, the market is expected to grow in the region during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Adidas AG - The company offers sports bottles such as Performance bottle, Steel bottle, Stella McCartney bottle and Parley for the ocean steel water bottle.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Adidas AG, Bhalla International, Borosil Ltd., Embrava Sports, Everich Commerce Group Ltd., Helen of Troy Ltd., HydraPak LLC, Klean Kanteen, MIRA Brands, Newell Brands Inc., Nike Inc., Nomader LLC, PUMA SE, Thermos LLC, Tupperware Brands Corp., Under Armour Inc., Urbangear, Vista Outdoor Inc., ZHE JIANG HAERS VACUUM CONTAINERS CO. LTD., and Zojirushi Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market research and growth report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective market growth and forecasting strategies.

 Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Distribution Channel Outlook 
  • Offline
  • Online

• Material Outlook 
  • Stainless steel
  • Plastic
  • Silicone
  • Aluminum
  • Glass

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview 

The market caters to a wide array of needs, from hydration during athletic and hiking activities to emergency sectors and festivals. As concerns about environmental impact grow, consumers seek sustainable options like stainless-steel bottles and recycled materials to reduce their carbon footprint. Rising awareness about the harmful effects of BPA (Bisphenol A) has led to the popularity of BPA-free plastic bottles and aluminum sport bottles.

Additionally, the market sees constant innovation with new product launches focusing on eco-friendly materials and lightweight designs suitable for picnics and outdoor events. Regulatory frameworks and recycling processes play a crucial role in promoting environmental balance and reducing pollutants harmful to aquatic life. With a growing emphasis on health and sustainability, the bottles market continues to evolve, offering solutions for both daily life and athletic pursuits.

Market Scope
Report Coverage	Details
Page number	165
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 4.45%
Market Growth 2024-2028	USD 901.15 million
Market structure	Fragmented
YoY growth 2023-2024(%)	4.25
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 32%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Adidas AG, Bhalla International, Borosil Ltd., Embrava Sports, Everich Commerce Group Ltd., Helen of Troy Ltd., HydraPak LLC, Klean Kanteen, MIRA Brands, Newell Brands Inc., Nike Inc., Nomader LLC, PUMA SE, Thermos LLC, Tupperware Brands Corp., Under Armour Inc., Urbangear, Vista Outdoor Inc., ZHE JIANG HAERS VACUUM CONTAINERS CO. LTD., and Zojirushi Corp.
Market dynamics	Parent market growth analysis, Market forecasting, 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 the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market industry across North America, APAC, Europe, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch