Explore the Technological Advancements in Smart-Bottle-Market!!
Added: (Fri Apr 13 2018)
Pressbox (Press Release) -
Global Smart Bottle Market was valued at USD 94.63 Million in the year 2016. Global Smart Bottle Market is further estimated to grow at a CAGR of 16.32% from 2018 to reach USD 234.36 Million by the year 2023. North America region holds the highest market share in 2016 and European Market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S. as well the emerging markets like UK & Germany hold a notable market share in 2016 and are projected to grow at a gradual rate in the coming years.
Thermos L.L.C., Trago, Inc., Myhydrate, Kuvee, Inc., AdhereTech Inc., Sippo, Spritz Inc. are some of the key players in the Smart Bottle Market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in recent years.
Increasing demand for smart technology from developed and developing countries
High production cost & uninterrupted raw material supply
Growing health awareness
Inclination of end users towards using high tech products
High chances of duplicity from unorganized manufacturers
Segmentation on the basis of Application includes Alcoholic Beverage Bottle, Water Bottle & Pharmaceutical Bottle of which the Water Bottle segment is expected to hold the highest market share during the forecast period.
The Water Bottle segment is also expected to grow at the highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Smart Bottle Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Alcoholic Beverage Bottle
By Mode of Distribution
Key Market Players
(A brief overview of another 13 companies is also provided)
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