AdhereTech, Caktus Inc. and Ecomo Inc. are expected to remain the top players in the smart bottle market during 2021-2025
According to Technavio's research analysis, the smart bottle market size is expected to grow by $ 120.74 mn during 2021-2025. The impact of COVID-19 pandemic on the smart bottle market is covered in details in the report, including the baseline, optimistic, and pessimistic forecast scenarios.
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Based on the COVID-19 impact analysis done in the report, the smart bottle market is expected to experience a impact throughout the forecast period. According to the report, market growth is likely to as compared to 2020. The pandemic-focused report highlights the impact of various factors such as lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
- Facilitating changes in process designs by addressing potential Impacts
- Building Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Mitigating future crisis situations conceptualize scenario-based planning.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Smart Bottle Market 2021-2025: Segmentation
Smart bottle market is segmented as below:
- Application
- Smart Water Bottle
- Smart Pharmaceutical Bottle
- Smart Alcoholic Beverage Bottle
- Smart Baby Feeding Bottle
- Geography
- North America
- Europe
- APAC
- South America
- MEA
The smart bottle market is driven by surge in IoT. In addition, other factors such as growing consumption of bottled water are expected to trigger the smart bottle market toward witnessing a CAGR of over 14% during the forecast period.
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