SPORTS WATER BOTTLES MARKET ANALYSIS

Sports Water Bottles MarketSize and Trends

The global sports water bottles market is estimated to surpass US$ 7,143.93 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2021 to 2028).

Among region, Asia Pacific held dominant position in the global sports water bottles market in 2020, accounting for 35.45% market share in terms of revenue, followed by North America and Europe. Owing to the rising health consciousness and the growth in disposable income will also contribute to the growth of the global sports water bottles market. Consumers are joining fitness clubs or perform indoor and outdoor activities thereby impacting the demand for fitness accessories market, sports bottles being one of the main accessories used in daily life.

Market Trends

Sports water bottles are immensely used by athletes, sportspersons, and fitness enthusiastic individuals in daily training and exercises. The rigorous training, exercising cause dehydration and results in fatigue and tiredness. Sports water bottles containing mineral water, special energy drinks are serving the need for hydration. The reusable water bottles are also replacing the use-and-throw water bottles which are harmful to eco-system. Hence, contributing in environmental balance. Increased attention and investment in sporting events across the globe with awareness regarding human health through water consumption will foster the growth of global sports water bottles market in the forecast period

Figure 2. Global Sports Water Bottles Market Revenue Share (%), By Material Type, 2020