Prominent Takeaways from this Report
- Growing consumption of bottled water and integration of IoT technology with smart bottles will drive market growth.
- Smart water bottle segment to witness highest application share in the smart bottle market.
- 49% of the market growth will originate from North America with the US holding the largest country share.
- Smart bottle market is concentrated with vendors deploying innovative strategies to continue maintaining and expanding their customer base.
- The market is anticipated to have a positive & superior impact due to the COVID-19 pandemic.
View Technavio’s 120-page research report with ToC on “Smart bottle Market by Application (smart water bottle, smart pharmaceutical bottle, smart alcoholic beverage bottle, and smart baby feeding bottle), Geography (North America, Europe, APAC, South America, and MEA) and Vendor Forecasts, 2021 – 2025″
Smart Bottle Market: Driver and Trend Analysis
IoT technologies is being incorporated in various industries to offer customer-friendly and smart products. Smart products are connected to several products for enabling one-to-one communication through IoT technologies. IoT technologies connect the creator of products and consumer to obtain real-time information about the usage. For instance, smart water bottles with measurement use IoT technology for connecting with smart devices equipped with the app to acquire the usage information. This increasing deployment of IoT will drive the smart bottle market growth during the forecast period.
The growing consumption of bottled water is one of the key market trends likely to gain traction in the forthcoming years. Consumers prefer bottled water owing to the improved taste and high-quality. Furthermore, high risk of attracting waterborne diseases and scarcity of tap water in developed and emerging economies will further drive the market growth in the forthcoming years.
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Smart Bottle Market: Segmentation Analysis
This market research report fragments the global smart bottle market by application (smart water bottle, smart pharmaceutical bottle, smart alcoholic beverage bottle, and smart baby feeding bottle), geography (North America, Europe, APAC, South America, and MEA).
The smart water bottle held the largest application share in 2020. The growing acceptance of smart water bottles from health-conscious people is one of the key factors responsible for the growth of this segment. Furthermore, with the growing health and fitness industry, the demand for smart water bottles is also increasing as the inclination of consumers toward sports activities rises. These bottles are equipped with features of…