Hydration Containers Market Report
Hydration Containers Market, By Type (Water Bottles, Cans, Mason Jars, Tumblers, Shakers, Infusers), Material (Metal, Polymer, Glass, Silicone), Distribution Channel (Hyper/Supermarket, Independent Stores, Online Sales), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Hydration Containers market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Hydration Containers Market, By Type (Water Bottles, Cans, Mason Jars, Tumblers, Shakers, Infusers), Material (Metal, Polymer, Glass, Silicone), Distribution Channel (Hyper/Supermarket, Independent Stores, Online Sales), and Region
Impact of COVID-19 on Hydration Containers Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Hydration Containers Market is projected to grow from USD 4.3 billion in 2020 to USD 5.9 billion by 2026 at a CAGR of around 5.5% during the forecast period.
Hydration containers are often defined as a type of hydration system which is constructed as a backpack or pouch having a reservoir or “bladder” composed of rubber or flexible plastic. Some hydration containers are insulated to forestall the freezing or warming of water. Hydration packs are designed to move water and make drinking convenient and efficient.
Key players operating in the Hydration Containers market are-
The growth of the hydration containers market is primarily driven by an increasing preference for hydration containers over plastic bottles. Rising consumer awareness about the adverse impact of plastics on the environment is expected to drive market growth at a significant rate during the review period. In addition to this, increasing environmental regulations related to landfills is likely to create lucrative opportunities for the players operating in the global hydration containers market in the coming years.
By distribution channel, the hydration containers market has been bifurcated into hyper/supermarket, independent stores, and online sales. The hyper/supermarket segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment can be attributed to the easy availability of products.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing regulations about landfills coupled with the presence of key market players such as CamelBak Products, LLC (US) and Cool Gear International, LLC (US). The market growth in Asia-Pacific is expected to be driven by increasing demand for sustainable alternatives to plastic products with rising consumer awareness, particularly in developing countries.
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the hydration containers market negatively as the healthcare solutions other than covid-19 treatment declined due to fear of coronavirus infection. Also, supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth.
Here is the list of the group of customers that the hyfration containers market hopes to have the greatest opportunity to convert-
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The hydration containers market size is expected to reach USD 5.9 billion in the coming years.
CamelBak Products, LLC (US), Brita GmbH (Germany), Cool Gear International, LLC (US), Klean Kanteen (US), Tupperware (US), Contigo (Canada), Aquasana (US), Bulletin Brands, Inc. (US), Nalgene (US), Nathan Sports (US), HydraPak (US) and Cascade Designs Inc. (US) are among the key players in the hydration containers market.
The hydration containers market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.
The hyper/supermarket segment is expected to register significant growth in the hydration containers market in the next five years.
North America accounted for the largest share in the hydration containers market in 2020.
Hydration containers distributors, Hydration containers suppliers, Hydration containers manufacturers, Logistics organizations, Government bodies are the target audience in the hydration containers market.