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NEW YORK , May 12, 2022 /PRNewswire/ -- The global water bottles with filters market is set to grow by USD 207.55 million between 2020 and 2025, accelerating at a CAGR of 14.62% during the forecast period. The market is segmented by distribution channel (offline and online) and geography (North America , Europe , APAC, MEA, and South America ). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
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Key takeaways from water bottles with filters market study
Water Bottles with Filters Market: Growth Drivers and Restraints
The offline distribution channel segment will generate maximum revenue in the market. The growth of the segment can be attributed to the increasing sales of bottles with filters through supermarkets, hypermarkets, and specialty stores, including camping and outdoor adventure equipment stores, sports stores, brand-owned stores, multi-brand stores, and home improvement stores. Also, the expansion of retail stores by vendors in local and regional markets is contributing to the growth of the segment.
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Water Bottles with Filters Market: Growth Drivers and Restraints
The water bottles with filters market is driven by declining water quality leading to waterborne diseases. The depletion of freshwater sources across the world has reduced access to safe and clean drinking water. In addition, the rising contamination of water bodies caused by the excessive exploitation and usage of water bodies for industrial and local waste disposal has led to an increase in waterborne diseases such as cholera. Many such factors are driving people to opt for bottled drinking water and water purifiers that provide clean, purified, bacteria-free, and safe drinking water. This is subsequently increasing the demand for water bottles with filters, which is driving the growth of the market in focus.
"Although the increased participation in outdoor activities will further boost the market growth, the strong preference for packaged mineral water might reduce the growth opportunities for market players", says an analyst at Technavio.
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Water Bottles With Filters Market Scope
Accelerate at a CAGR of 14.62%
North America, Europe, APAC, MEA, and South America
US, Canada, UK, China, and France
Leading companies, competitive strategies, consumer engagement scope
Cascade Designs Inc., Katadyn Products Inc., LARQ Inc., O2Cool LLC, Sawyer Products Inc., Seychelle Environmental Technologies Inc., SurviMate, The Clorox Co., VESTERGAARD SARL, and Worldway Industrial Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
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Market Segmentation by Distribution channel
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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