Market Research Report
Smart Bottle - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||550982|
|Published||Content info||160 Pages
Delivery time: 1-2 business days
|Smart Bottle - Global Market Outlook (2017-2023)|
|Published: August 1, 2017||Content info: 160 Pages||
According to Stratistics MRC, the Global Smart Bottle market is estimated at $86.56 million in 2016 and is expected to reach $229.56 million by 2023 growing at a CAGR of 14.9% from 2016 to 2023. High acceptance rate in pharmaceutical and research engagements are some key factors impelling the market growth. Moreover, less strict rules pertaining to features and quality of the products is likely to maintain the inflow of localized vendors in this market in the near future. In addition, international players are focusing on aggressive marketing, collaborations with niche vendors and product improvements to gain shares.
By Application, water bottle segment commanded the largest market share. The segment is expected to continue to tread along an outstanding growth path over the forecast period, gaining a remarkable rise in its share global. APAC region is expected to emerge as one of the most promising avenues for the market. The region is likely to attract investments from manufacturers mainly targeting the growth opportunities arising from the thriving e-commerce industry.
Some of the key players in the market include Trago, Thermos, Spritz, Sippo, Myhydrate, Kuvee, Hydrasmart, Hidrate, Ecomo and Adheretech.