Asia Pacific Reusable Water Bottle Market Size, Share & Trends Analysis Report By Material (Glass, Stainless Steel, Plastic, Silicon), By Distribution Channel (Specialty Stores, Convenience Stores), By Country, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The Asia Pacific reusable water bottle market size was estimated at USD 3.7 billion in 2023 and is expected to grow at a CAGR of 5.0% from 2024 to 2030. The rising availability of water filling stations across the region drives consumers to adopt reusable water bottles. In addition, many players and suppliers operate in the Asia Pacific region and have low manufacturing costs. This acts as a growth opportunity. Regional participants are diversifying their product portfolios and shifting their focus from conventional distribution channels to online channels. This is expected to offer them an opportunity to expand their consumer reach and drive growth.

The Asia Pacific reusable water bottle market accounted for a share of 39.8% of the global reusable water bottle market revenue in 2023. China contributes a majority of its share owing to the presence of a large group of manufacturers. Though most PET bottles are claimed to be 100% recyclable in India, inadequate recycling facilities threaten the environment. It is estimated that only 9% of the plastic produced has been recycled till now, leaving the vast majority to be accumulated in landfills or oceans. Realizing the dangers of plastic water bottles, the government is actively pushing bottle makers to use eco-friendly and sustainable materials. This trend is likely to drive consumers to use reusable water bottles actively.

In the region, most countries prioritize the price of a product, making them cost-centric. Choosing a reusable water bottle can lead to substantial savings, with consumers potentially saving up to 2,000 times what they would spend on disposable water bottles. This factor supports the demand for reusable water bottles in the region. The growing trend of refilling water bottles in the region is boosting the demand for reusable water bottles. For instance, MyMiZu, the first free water refill app, was launched by Social Innovation Japan. This new launch aimed to reduce PET bottle consumption in Japan. This app connects users to 8,000+ refill stations nationwide.

Material Insights

The plastic material segment dominated the market with a revenue share of 34.6% in 2023. The segment growth is attributed to the low manufacturing costs. Furthermore, the high durability of plastic reusable water bottles has sparked consumer interest, leading to their increased demand over conventional plastic bottles.

The stainless-steel material segment is expected to grow at a CAGR of 5.2% over the forecast period. Harmful chemicals emitted from plastic bottles have led to the shifting preference for stainless-steel material. In addition, the multi-purpose usage of stainless-steel water bottles in keeping water cold or hot for longer durations, owing to their insulating properties, has further attracted consumers toward these products.

Distribution Channel Insights

The supermarkets and hypermarkets segment dominated the market with a revenue share of 34.5% in 2023 due to the availability of a wide range of products in one setting. Furthermore, the availability of store associates to help customers choose the right products is projected to boost segment growth over the forecast period.

The online distribution channel is estimated to grow at a CAGR of 5.1% over the forecast period. Growing internet penetration and growth of e-commerce sales channels across the developed and developing countries in Asia Pacific are expected to make a constructive addition to the market growth.

Country Insights

The China reusable water bottle market accounted for a revenue share of 34.0% in 2023. The growing number of public drinking water fountains is a significant driver for market growth. The Chinese government is taking numerous steps to reduce waste, as reported by the Nature Food Paper. Several initiatives are aimed at municipal solid waste management and plastic reduction, including a sorting implementation plan, a ‘zero-waste city’ pilot program that started in 2019, and a nationwide single-use plastic ban in January 2020.

The reusable water bottle market in India is expected to grow at a CAGR of 5.9% from 2024 to 2030. India is one of the fastest-growing countries in Asia Pacific. The growth is driven by an increasing number of bottle manufacturers, a wide range of product offerings, and low cost.

Key Asia Pacific Reusable Water Bottle Company Insights

The reusable water bottle market is highly fragmented and is characterized by the presence of a few established players. Players are increasing their profit margins by outsourcing the production process to countries with cheap labor, government incentives for establishing plants, and easy transportation of goods to the market.

Asia Pacific Reusable Water Bottle Market Report Scope

Asia Pacific Reusable Water Bottle Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific reusable water bottle market report based on material, distribution channel, and country:

• Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Glass

  • Stainless Steel

  • Plastic

  • Silicone

  • Others

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Specialty Stores

  • Convenience Stores

  • Supermarkets & Hypermarkets

  • Online

• Country Outlook (Revenue, USD Million, 2018 - 2030)

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia & New Zealand

    • Southeast Asia