Product Hub September 28, 2017
Sports Bottle Market to Grow by 6.15% Through 2021
A new report by Technavio has found that the global sports bottle market is poised to grow at a compound annual growth rate of 6.15% between now and 2021. The study, “Global Sports Bottle Market 2017-2021,” analyzed drinkware pieces made of plastic, stainless steel, aluminum and glass. The findings forecast growth in the Americas; the Asia-Pacific region (APAC); and Europe, the Middle East and Africa (EMEA).
Among the ASI-listed suppliers mentioned in the report as key vendors driving the category’s growth are Garyline (asi/55990), Huffermen Inc. (asi/62017) and US Poly Enterprise Inc. (asi/92868), along with Nike, a popular premium line offered by a number of promotional products vendors.
More than half (53%) of U.S. consumers own promotional drinkware, according to the most recent Ad Impressions Study, which also reports that half of those who own branded drinkware use it at least two or three times a week.
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