Smart Bottle - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Smart Bottle market is accounted for $91.00 million in 2020 and is expected to reach $302.47 million by 2028 growing at a CAGR of 16.2% during the forecast period. Some of the key factors propelling the market growth include rising demand of advanced gadgets, rising awareness among users regarding maintaining proper hydration levels, high acceptance rate in pharmaceutical industry, rising disposable income of the people, improved standard of living along with growing concern regarding weight loss, fitness and health consciousness, and rising awareness about maintaining health and fitness. However, the high cost of smart bottles is likely to hinder growth of the market.
Smart bottles, the technologically advanced bottles that encompass wireless communication capabilities for connecting with computing devices such as smartphones or wearables and an artificial memory that helps provide alerts through display or sound system, are one of the most popular products in the world’s technology-obsessed circles. It measures and keep the hydration goals attained. It also contains temperature sensors, freshness timers, drinking reminders, and regular hydration indicators. With applications presently spanning across the drinking water, pharmaceutical, and alcoholic beverages sectors, smart bottles are increasingly gaining traction and are observing vast developments in terms of innovation and technology advances.
By application, the smart water bottles segment is expected to grow at the significant rate during the forecast period, due to its rising use from health conscious people. Smart water bottles are helpful for those who struggle to keep up with their hydration needs. By using these bottles, one can ensure that his/her water intake is just right every day. It is important to consume the right amount of water every day of the week, and with smart bottles, users can make sure he/she is able to do so no matter the location and time. Moreover, these bottles are Wi-Fi and Bluetooth enabled, which track the hydration needs of the end-users.
On the basis of geography, Asia Pacific region is projected to be the most promising region for increasing the smart bottles market, as some smart bottle manufacturers are investing in this region. Substantial increase in e-commerce and rising acceptance for smart technologies and devices in the Asia Pacific helped in drawing the attention of global smart bottle manufacturers. The region is expected to attract investments from smart bottle manufacturers particularly targeting the growth opportunities arising from the thriving e-commerce industry.
Some of the key players in Smart Bottle Market include Adheretech Inc., Ecomo Inc., Open-2 LLC, Pillsy, Thermos LLC, Caktus Inc., Trago, Inc, Hidrate Inc., Kuvee, Inc., Sippo, HydraCoach Inc., Out of galaxy, Indiegogo, Inc., and Myhydrate.
Estimated Market Size in 2020:
USD 91.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 302.47 million
Tables, Graphs & Figures
Technology, Material, Capacity, Component, Application, Distribution Channel, and End User
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Stainless Steel
• Flexible Films
• Above 1,500 ML
• 500 ML – 1,500 ML
• Up to 500 ML
• Smart Alcoholic Beverage Bottle
• Smart Water Bottles
• Smart Pharmaceutical Bottles
• Smart Baby Feeding Bottle
Distribution Channels Covered:
End Users Covered:
• Food & Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Smart Bottle Market is majorly driven by rising demand for smart bottles in pharmaceuticals and alcoholic beverages, technological advances such as implementation of AI and IoT, and rising awareness about maintaining health and fitness.
The smart water bottles segment is growing at a highest CAGR owing to growing acceptance of smart water bottles from health-conscious people, availability in various shapes, sizes, and colors, rising per capita income, and increasing adoption of advanced technologies.
North America dominated with a significant market share due to its technological advancements, the presence of major industry participants in United States, rise in demand for innovative products, and presence of technological startups with a zeal for software management & apps.
Asia Pacific market is growing at a highest CAGR owing to rise in environmental awareness, increasing demand in the emerging economies can be attributed to initiatives such as Digital India, Make in India, among others, and favourable market conditions for automation technologies.
Key players in Smart Bottle Market include Adheretech Inc., Ecomo Inc., Open-2 LLC, Pillsy, Thermos LLC, Caktus Inc., Trago, Inc, Hidrate Inc., Kuvee, Inc., Sippo, HydraCoach Inc., Out of galaxy, Indiegogo, Inc., and Myhydrate.
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