Global Smart Bottle Market is expected to reach US $ 302.47 MN By Forecast year 2028

September 01 13:52 2021
Global Smart Bottle Market is expected to reach US $ 302.47 MN By Forecast year 2028
Smart Bottle – Global Market Outlook (2020-2028)
Smart Bottle Market size is expected to grow from US $ 91.00 MN in 2020 to US $ 302.47 MN by 2028, at a CAGR of 16.2%.

Smart bottles, the technologically advanced bottles that encompass wireless communication capabilities for connecting with computing devices such as smartphones or wearables and an artificial memory that helps provide alerts through display or sound system, are one of the most popular products in the world’s technology-obsessed circles. It measures and keep the hydration goals attained. It also contains temperature sensors, freshness timers, drinking reminders, and regular hydration indicators. With applications presently spanning across the drinking water, pharmaceutical, and alcoholic beverages sectors, smart bottles are increasingly gaining traction and are observing vast developments in terms of innovation and technology advances.

Some of the key players in Smart Bottle Market include Adheretech Inc., Ecomo Inc., Open-2 LLC, Pillsy, Thermos LLC, Caktus Inc., Trago, Inc, Hidrate Inc., Kuvee, Inc., Sippo, HydraCoach Inc., Out of galaxy, Indiegogo, Inc., and Myhydrate.

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The Global Smart Bottle Market is majorly driven by rising demand for smart bottles in pharmaceuticals and alcoholic beverages, technological advances such as implementation of AI and IoT, and rising awareness about maintaining health and fitness. The smart water bottles segment is growing at a highest CAGR owing to growing acceptance of smart water bottles from health-conscious people, availability in various shapes, sizes, and colors, rising per capita income, and increasing adoption of advanced technologies. North America dominated with a significant market share due to its technological advancements, the presence of major industry participants in United States, rise in demand for innovative products, and presence of technological startups with a zeal for software management & apps. Asia Pacific market is growing at a highest CAGR owing to rise in environmental awareness, increasing demand in the emerging economies can be attributed to initiatives such as Digital India, Make in India, among others, and favourable market conditions for automation technologies.

Technologies Covered:
• Sensors
• Lights
• In-Built

Materials Covered:
• Stainless Steel
• Glass
• Plastic
• Flexible Films
• Metal
• Polymer

Capacities Covered:
• Above 1,500 ML
• 500 ML – 1,500 ML
• Up to 500 ML

Components Covered:
• Software
• Hardware

Applications Covered:
• Smart Alcoholic Beverage Bottle
• Smart Water Bottles
• Smart Pharmaceutical Bottles
• Smart Baby Feeding Bottle

Distribution Channels Covered:
• Offline
• Online

End Users Covered:
• Pharmaceutical
• Food & Beverages
• Sports

 Browse complete report @ https://www.strategymrc.com/report/smart-bottle-market

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