Hydration Backpack Market Analysis, Development, Revenue, Future Growth and Forecast to 2033
The global hydration backpack market size is expected to reach US$ 388 Million and is projected to grow at a CAGR of 12%. Due to increased participation in sports and recreation activities, the global market will reach a value of US$ 1,205 Million by the year 2033.
Over the past five years, there has been a dramatic rise in the popularity of sports and military backpacks that contain hydration functions. Among the emerging trends that will influence the market over the next few years are the increasing use of hydration nozzles with pressurized water and removable bladders.
Several health concerns regarding plastic usage and bottled water have led to consumers switching to eco-friendly hydration backpacks, which will result in an increase in demand for hydration backpacks. Technology-advanced materials and the need to maintain the water's temperature are expected to further boost the market growth in the near future. As a result, there will be a dramatic increase in the demand for hydration backpacks over the coming years.
Request a Report Sample to Gain Comprehensive Insights @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15904
A recent report from the World Development Report Institute indicates that the rising interest in cycling, hiking, and running among consumers in Brazil, India, and China is expected to boost the market growth. Moreover, due to the wellness benefits offered by this product, this market is expected to grow in the near future due to the health benefits it offers.
“Growing consumer awareness about healthy lifestyles and outdoor activities including trekking, hiking, biking, and marathons are expected to lead to an increase in the market demand for hydration backpacks in the near future,” comments an analyst at FMI.
Competitive Landscape
Vista Outdoor Inc. (CamelBak), Columbia Sportswear Company, Osprey Packs Inc., High Sierra, Gregory Mountain Products, Source Tactical Gear, Hydro Flask, Mazama Designs, LLC., USWE Sports AB, and TETON Sports.
To gain a competitive advantage and increase their market share, these firms are pursuing a number of strategies including the launch of new products, the expansion of their facilities, mergers, collaborations, partnerships, and acquisitions in an effort to improve their competitive situation. For instance,
More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global monoclonal antibodies market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the hydration backpack market analysis report by End User (Sports, Military), by Distribution Channel (Specialty Stores, Departmental Stores, Online Retail), and by By Region - Global Forecast 2023-2033
Get 40% Discount on Customized Report@
https://www.futuremarketinsights.com/customization-available/rep-gb-15904
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian