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The global reusable water bottles market is driven by the rising awareness regarding sustainable practices. Further, the energy sector has also shown keen interest in bringing into reality the increased use of reusable, recyclable, and environment-friendly products. The rising concern of the energy sector for the potential environmental crisis has provided the impetus to sustainable growth globally, leading to lifestyle changes among the population. Also, the corporate industry is working efficiently to make sure the reusable water bottle becomes popular.
Major companies, such as Tupperware Brands Corporation (NYSE: TUP) and Camelbak Products, LLC are boosting the market growth for reusable water bottles. In June 2020, just a day before World Environment Day, Tupperware Brands Corporation introduced the vision ‘No time to waste’ to decrease plastic as well as food waste by the year 2026 through a reduction in packaging, product innovation, strategic partnerships, and operational goals. This initiative will enhance the alternative markets such as the reusable water bottles market.
Further, regulations have been introduced to bring the use of single-use plastic bottles down and fuel the sales of reusable plastic water bottles market. Statistics show that the reusable water bottle should be used at an average of eighty times before having a carbon footprint lower as compared to single-use bottles. The target market for the reusable water bottle market is the aware and concerned young population, which takes a keen interest in the current conditions of the world and dedicatedly takes actions to bring about a positive change in the environment.
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Camelbak Products, LLC, Brita®, LP., Klean Kanteen, Inc., Tupperware Brands Corporation, Aquasana, INC., and Thermos L.L.C. are the key players in the global reusable water bottle market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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