Global Bottled Water Market Likely to touch US$307.2 bn by 2024

An insightful study, titled “Bottled Water Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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Global bottled water market are facing stiff competition from localized vendors. This fragmented scenario is a reflection of low entry barriers of the bottled water market, and the shares in the future are expected to remain distributed. Localized players are able to comply with moderate regulatory mandates regarding the quality of both the product and packaging. In addition to that, they are able to eat into the shares via their supply chain.

Acquisition an Effective Strategy for Global Players for Greater Shares

This being said, global players are able to promote themselves as the purest product manufacturers and always have an option of acquiring a local player to strengthen their distribution network. The trick for the major companies operating in the global bottled water market, says the analyst of this report, is to identify country- and city-wide opportunities across various emerging economies and acquire aggressively. Offering products at a price range that matches with local competition and introducing innovative packaging that cannot be matched by technologically shorthanded domestic players are two suggestions that the analyst of this business intelligence report has highlighted. The Coca Cola Company, Nestle Waters, Groupe Danone, PepsiCo Inc, and Mountain Valley Spring Company LLC have been identified as a few major players in the global bottled water market.

Global Bottled Water Market to Breach US$300 Billion Worth by 2024

In terms of volume, there will be an estimated demand of 528.2 billion liters of bottled water by the end of 2024 across the world, which will translate into a revenue of US$307.2 billion. As of 2017, the global bottled water market was worth US$198.5 billion. This represents a CAGR of 6.44% during the forecast period of 2017 to 2024. Among the products, still water bottles is the segment that will continue to dominate until 2024, providing for opportunities worth US$156.0 billion in 2017. The report has also bifurcated the bottled water market in terms of packaging type and distribution channel. Geographically, Asia Pacific has been highlighted as the region with radically increasing lucrativeness, going past North America which provided for the most prominent chunk of demand in 2017.

Mushrooming of SMEs in Emerging Economies Driving Demand

Water is a necessity for humanity and the awareness regarding a substantial consumption of the same is expanding on the back of growing popularity of social media. Bottled water are a convenient way of tagging water along for individuals and the urban populations are adopting it. Mushrooming of small and medium enterprises (SMEs) across emerging economies and global initiatives to provide safe-to-drink water for underdeveloped countries are some of the other factors augmenting the demand in the global bottled water market. On the other hand, the pollution caused by polyethylene terephthalate (PET) is the glaring restraint that is holding the bottled water market back. In addition to government mandates for the preservation of environment, the market for bottled water is also challenged by the substantial energy that is required for the manufacturing processes.

Key Takeaways:

There will be a demand for over 409 billion liters of bottled water by 2024
Increasing number of local vendors are eating out significant chunk of shares
Vastly populated emerging economies in Asia Pacific representing lucrative opportunities

Complete Report TOC with List of Tables and Figures @ https://www.mrrse.com/bottled-water-market

The report analyses the market share of the global bottled water market by each of the packaging type segment including PET bottles, glass bottles, and others(foodservice, vending). It also analyses the market share of the global bottled water market by each distribution channel and product types. A section of the report highlights bottled water demand, region-wise. It provides a market outlook for 2016–2024 and sets the forecast within the context of the bottled water ecosystem, including strategic developments, latest regulations, and new product offerings in the global bottled water market. This study discusses key region trends contributing to growth of the global bottled water market, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

Key Segments Covered

By Product Type
Still Bottle Water
Carbonated Bottle Water
Flavored Bottle Water
Functional Bottle Water
By Packaging
PET Bottles
Glass Bottles
Others
By Distribution Channel
Super/Hypermarket
Convenience/Drug Stores
Grocery Stores/Club Stores
Others (Foodservice/Vending)

On the basis of product type, the global bottled water market is segmented into still bottle water, carbonated bottle water, flavoured bottle water and functional bottle water. Demand for bottled water has grown significantly owing to increasing consumption bottled water over any other non-alcoholic beverage. Improving hygienic conditions, health consciousness and improving living standards, clubbed with increasing consumer preferences for functional bottled water is expected to drive revenue growth of the global bottled water market.

On the basis of distribution channel, the global bottled water market is segmented into super/hypermarket, convenience/drug stores, grocery stores/club stores, and others (foodservice/vending). A detailed analysis has been provided for every segment in terms of market size analysis for bottled water across the globe.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.

Another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global bottled water market

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