Global Smart Bottle Market – Industry Trends and Forecast to 2029

Global Smart Bottle Market Analysis and Size

People nowadays are becoming health conscious and are realizing the importance of adequate amount of water intake. Smart bottles thus, help the consumers to keep a check on their water intake levels. Smart bottles use sensor technology to calculate how much water a person is drinking accompanied with temperature sensors, freshness timers, drinking reminders, and daily hydration statistics.

• Data Bridge Market Research analyses that the smart bottle market value, which was USD 135.22 million in 2021, is expected to reach the value of USD 402.29 million by 2029, at a CAGR of 14.60% during the forecast period. "Online" accounts for the most prominent distribution channel segment in the smart bottle market owing to the growing penetration of e-commerce channels and increasing personal disposable income. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Global Smart Bottle Market Definition

From the name itself, it is clear that smart bottle is an electronic product that is used to measure an individual’s daily water intake. Smart bottles are available easily in the market via both online and offline modes of distribution and can be availed as per the choice and preference pertaining to color, size and shape.    

Report Scope and Market Segmentation

COVID-19 Impact on Smart Bottle Market

COVID-19 had a mild impact on the market. This was because of the shutdown of the manufacturing facilities and plants owing to the lockdown and restrictions. Supply chain and transportation disruptions further crated hindrances for the market. However, when some relaxations were given, e-commerce sales saw a rise owing to the rising penetration of online and e-commerce channels. The future as well of the market is on the brighter side owing to the increased proliferation of internet and e-commerce channels.

Recent Development

• In March 2021 BOttel, an Australian brand has created a smart water bottle featuring a glowing flash light to remind you when to drink. Botell - dubbed as the 'next generation' of water bottles - can keep track of how much more water you need to drink throughout the day to stay hydrated.

Market Dynamics of the Smart Bottle Market Include:

• Fitness activities influenced the market growth

Growth in the number of fitness centers, yoga and meditation centers ports centers and gyms is widening the scope of growth for the market. The upsurge in the number of consumers with awareness on maintaining strength and fitness globally is directly influencing the market growth of the market. Also, growth and expansion of consumer goods industry is directly influencing the market growth rate.    

• Growing awareness to direct the market demand and supply

Increased awareness about the smart water bottles is inducing increased demand and supply on global scale. For example- the qualities of smart water bottles help the drinker figure out when to refill their bottle, how often to drink, and how much extra water to include in their daily goal.    

• Rising research and development operations

Increased funding from federal government pertaining to the research and development proficiencies is also bolstering the growth of the market. Research and developmental operations directed towards sustainable development will ensure optimum and judicious use of resources, thereby improving the market value. 

• Rise in the technological advancements

Rising technological advancements pertaining to the manufacturing technology is further inducing growth in the market value. Increasing number of technological advancements driven with a view to minimize the production costs and wastage coupled with rise in the acceptance of laundry services that are accessible over the internet has ensured a bright future for the market.  

Furthermore, upsurge in the strong demand for various end-use industries such as residential and commercial will positively impact the market’s growth rate. Additionally, a rise in the demand for advanced gadgets will further cushion the market's growth rate. Also, the high acceptance rate in the pharmaceutical industry and rise in industrialization will further increase the demand of the smart bottle market.

Restraints/Challenges faced by the Smart Bottle Market

• Fluctuating prices  

Fluctuations or volatility in the prices of raw materials and machinery equipment is posing a major threat to the growth of the market. Further, uneven availability of raw materials at one particular location is demeaning the growth of the market. Also, high costs associated with smart bottles will further derail the market growth rate.

• High capital investment

Requirement of high capitals costs to invest in the relevant machinery and undertake operations is one of the biggest challenges for the market. Also, high machinery operating and maintenance costs will restrict the scope of growth. High cost of production as well is creating hindrances. Also, high costs associated with research and development proficiencies will further derail the market growth rate.

• Dearth of awareness

Dearth of awareness in the developing and underdeveloped economies will further slowdown the market growth rate. Lack of standardization norms will further worsen the market situation.   

This smart bottle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart bottle market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.  

Global Smart Bottle Market Scope

The smart bottle market is segmented on the basis of product, component, type, capacity and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Water Bottle
• Beverages Bottle
• Pharmaceutical Bottles
• Others

On the basis of product, the smart bottle market is segmented into water bottle, beverages bottle, pharmaceutical bottles and others.

Component

• Hardware
• Software

Based on component, the smart bottle market is segmented into hardware and software.

Type

• Metal
• Polymer
• Others

On the basis of type, the smart bottle market is segmented into metal, polymer and others.

Capacity

• Up to 500 ML
• 500 ML – 1,500 ML
• Above 1,500 ML

The smart bottle market is also segmented on the basis of capacity into up to 500 ml, 500 ml – 1,500 ml and above 1,500 ml.

Distribution channel

• Online
• Offline

Based on distribution channel, the smart bottle market is segmented into online and offline.

Smart Bottle Market Regional Analysis/Insights

The smart bottle market is analyzed and market size insights and trends are provided by country, product, component, type, capacity and distribution channel as referenced above.

The countries covered in the smart bottle market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America region is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing prevalence of major industry participants and technological advancement will stimulate the growth of smart bottle market in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the presence of major key manufacturers in this region.  

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Smart Bottle Market Share Analysis

The smart bottle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart bottle market.

Some of the major players operating in the smart bottle market are:

• Groking Lab Limited (US)
• MOIKIT (China)
• Out of Galaxy, Inc. (US)
• OPEN-2, LLC. (US)
• Caktus, Inc. (US)
• THERMOS L.L.C. (US)
• HydraSmart (US)
• Ecomo Inc. (US)
• Trago Mills Limited (UK)
• Hidrate Inc. (US)
• SIGG Switzerland Bottles AG (Switzerland)
• AdhereTech (US)
• Indiegogo, Inc. (US)
• Ozmo Incorporated (US)

Research Methodology : Global Smart Bottle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-smart-bottle-market

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