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Opportunities For The European Hydration Bottle Market To Reach $1.6 Billion By 2023
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According to a new market report published by Lucintel, the future of the European hydration bottle market looks promising with opportunities in the various outdoor activities such as camping, hiking, fitness, and travel. The European hydration bottle market is expected to reach an estimated $1.6 billion by 2023 with a CAGR of 6.0% from 2018 to 2023. The major drivers for this market are increasing popularity of outdoor activities, and promotional strategies by manufactures such as targeted marketing, product design, and giving more space on shelf by major retail brands.
In this market, plastic, stainless steel, and glass are used to manufacture hydration bottles. Lucintel forecasts that plastic bottle will remain the largest segment and it is also expected to witness highest growth over the forecast period supported by its light weight, easy availability, lower cost, durability, and convenience.
Regular and insulated are the major product type of hydration bottle market. Lucintel predicts that the insulated water bottle is expected to witness the highest growth during the forecast period due to increasing consumer interests in sports and outdoor activities.
By application, the European hydration bottle market is segmented into everyday, sports and outdoor activities, and others. On the basis of comprehensive research, Lucintel forecasts that the sports and outdoor activities segment will show above average growth during the forecast period.
Emerging trends which have a direct impact on the dynamics of the market include use of hydration bottle with smart lid and integrated hydration calculator to measure liquid intake, increasing demand for BPA-free water bottle which is 100% eco-friendly and recyclable, and refill-reuse bottle campaigns to reduce plastic wastage. BRITA GmbH, CamelBak Products, Tupperware, Sigg Switzerland, Thermos are among the major suppliers of European hydration bottles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the European hydration bottle market by material type, product type, sales channel, application, price range and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the European Hydration Bottle Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the European hydration bottle market by material type, product type, sales channel, application, and price range as follows:
By Material Type [Value (€ Million), ($ Million) and Volume (Million Units) from 2012 to 2023]:
• Stainless Steel
By Product Type [Value (€ Million), ($ Million) from 2012 to 2023]:
By Sales Channel [Value (€ Million), ($ Million) from 2012 and 2023]:
By Application [Value (€ Million), ($ Million) from 2012 and 2023]:
• Sports and Outdoor Activities
By Price Range [Market Share (%) in 2017]:
• Low end range/ Good
• Mid end range/ Better
• High end range/ Best
By Region [Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
• Western Europe
− The United Kingdom
• Eastern Europe
This 105-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Consumer Goods Report, Consumer Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the European hydration bottle market by material (plastic, stainless steel, glass, and others), product type (regular and insulated), sales channel (offline and online), application (everyday, sports and outdoor activities, and others), and price range (low end range/ good, mid end range/ better, and high end range/ best) ?
Q.2. Which product segment will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?
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