The Global Smart Bottle Market was valued at xx.x million in 2020 and projected to grow at a CAGR of xx.x% in the forecast period. Most smart bottles use some type of software that allows your bottle to connect to a phone app. But having the ability to take more advanced data from your smart bottle to pair with your fitness app or tracker is a great option for many people. It provides a more accurate picture of your daily intake of fluids.
Smart bottles allow a user to track their activity through mobile phones. With technological advancements in tracking fitness, now electronic devices are using this technology to bring new products to the market. As the industry moves forward, the smart bottle market is driven by alcoholic beverages and pharmaceutical products, in addition to water. This smart bottle market is gaining traction and exploring several developments with innovations and technological advancements using AI and IoT. Many companies are coming up with innovations that can help customers detect the nutrition present in fluids. The smart bottle market is expected to observe high growth during the forecast period owing to various efforts taken by key players within this industry.
Rising awareness about healthy lifestyle, importance of fitness and the importance of hydration in daily life are key drives of global smart bottle market growth. As people now-a-days are more conscious for their health and focusing on physical activities on regular basis, the smart bottle market is expected to grow. Smart devices and rising technological advancements in bottle sector contribute to market growth as it allows users to know about the amount of water intake and hydration levels. However, limited supply of raw materials and high cost of bottle can hinder the market growth.
Smart Bottle Market, by Application
Based on application, the smart bottle market can be segmented into water bottle, alcoholic beverages and pharmaceutical bottle. The smart water bottle segment is dominating the market for a long time. Healthy lifestyle and consciousness about health amongst people across the globe is significantly driving the smart water bottle market growth. ‘Swachh Bharat Abhiyan’ initiative by Indian government focuses on reduction of plastic waste generation and promoting use of reusable material, which is expected to augment the market demand.
Smart technologies are expected to help the supplier, manufactures, and retailers to track their supply chain, shipment, sales data by the smart bottles used for alcoholic beverages. The company owners can monitor their bottles if it is damaged before delivery and consumer can enjoy the products with some extra benefits from the brand owner. To tackle the challenges in the medical environment, some companies found a new innovative way to help patients for reminding their prescriptions digitally.
Smart Bottle Market, by Distribution Channel
The majority of sales occurs through the online distribution channel segment and thus accounts for the largest share in terms of revenue. The trend of online shopping fragmented internet connection on computers and every smart device propelling product sale through online distribution.
The offline distribution channel segment witnesses growth through penetrating a product in the market with low-level internet areas. Manufacturers are looking to launch its product within companies' exclusive stores to establish their market presence. This segment shows lucrative growth as awareness about this product is still low among the population, which can help this segment hold a small market share.
Smart Bottle Market, by Region
North America is expected to record considerable growth in the smart bottle market due to the faster adoption of technological advancements and the presence of key industries in the U.S. The key market players continue their R&D in IoT and AI for innovation and to gain maximum market share.
The Asia-Pacific market is expected to observe substantial growth as key players are investing in these regions. Government initiatives like Digital India, Make in India, and many others can increase demand in developing economies. Additionally, awareness about healthy lifestyles, growing e-commerce, and smart device adoption further accelerate demand in APAC. In Europe, the smart bottle market is estimated to grow at a gradual rate particularly, in Germany and the U.K.
Some impact Factors:-
- The growing number of health consciousness and the busy lifestyle of people allows smart bottles to maintain health.
- In the medical field due to its tracking and connectivity, it can alert you for taking drugs on time.
- It helps companies through promotion measure to know that how customer much consumes in a specific amount of time through special offers.
- Very easy connectivity of portable devices such as smartphones and smartwatches.
- Smart bottles still a developing technology and research and development are the most important factor in the tech industry. SO, stiff market competition among the market leaders.
Competitive Landscape
To cater to market with innovation, key manufactures are adopting organic and inorganic growth strategies to meet with challenges of rising research and development expenses and to meet end-user expectations. Hidrate Inc., MyHydrate, Kuvee, Thermos LLC, AdhereTech Inc., Sippo, Trago., Spritz, Hydrasmart, and Ecomo Inc. are some of the key players in the market.
Key Smart Bottle Market Developments
- In September 2019, Lifefules, a beverage technology company, announced launch of smart nutrition bottle with three smart features in system including nutritious multi-serve FuelPods, Flavorful and Sleek smart water bottle
- In October 2019, Elucid, a U.K.-based health technology company, created a smart pill bottle and mobile app called Pill Connect, to tackle the challenge of medication adherence, particularly in the clinical trial space
What does this Report Provide?
This report provides a detailed understanding of the global Smart bottles demand from a qualitative and quantitative perspective with a forecast next 10 years. The report also provides dynamic indicators with potential impact in the market during the forecast period and in-depth analysis of the leading companies operating in the global Smart bottles market. The major market drivers, challenges and opportunities for the Smart bottles are also covered in the market. This report also includes the market share of the leading Smart bottles producers along with their production capacities and growth strategies adopted by them.
Market Segmentation
By Application
- Water bottle
- Pharmaceutical Bottle
- Alcoholic Beverage Bottle
By Distribution
- Online
- Offline
By Region
North America Smart Bottle Market
- North America, by Country
- The U.S.
- Canada
- Mexico
- North America, by Application
- North America, by Distribution
Europe Smart Bottle Market
- Europe, by Country
- Germany
- Russia
- The U.K.
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Europe, by Application
- Europe, by Distribution
Asia-Pacific Smart Bottle Market
- Asia-Pacific, by Country
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia-Pacific
- Asia-Pacific, by Application
- Asia-Pacific, by Distribution
The Middle East and Africa Smart Bottle Market
- Middle East and Africa, by Country
- The UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East and Africa
- Middle East and Africa, by Application
- Middle East and Africa, by Distribution
South America Smart Bottle Market
- South America, by Country
- Brazil
- Argentina
- Colombia
- Rest of South America
- South America, by Application
- South America, by Distribution
Objectives of this report:
- To estimate market size for smart bottle market on regional and global basis.
- To identify major segments in smart bottle market and evaluate their market shares and demand.
- To provide a competitive scenario for the smart bottle market with major developments observed by key companies in the historic years.
- To evaluate key factors governing the dynamics of smart bottle market with their potential gravity during the forecast period.
Reasons to Buy This Report:
- Provides niche insights for decision about every possible segment helping in strategic decision making process.
- Market size estimation of the smart bottle market on a regional and global basis.
- A unique research design for market size estimation and forecast.
- Identification of major companies operating in the market with related developments
- Exhaustive scope to cover all the possible segments helping every stakeholder in the smart bottle
Customization:
This study is customized to meet your specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
- Product Specific Competitive Analysis
For more information, contact: sales@quincemarketinsights.com