Bottled Water Packaging Market size to Witness High Growth in near future: Greif, Amcor, Plastipak, RPC, Graham, Kaufman Container, Greiner Packaging International
Manufacturers are extending their distribution network to ensure easy product availability for consumers, thereby pushing the bottled water packaging market size over the projected timeframe. Increasing concern of manufacturers to attain competitive advantage in the market has resulted in rising focus on attractive product which is likely to stimulate the bottled water packaging market size during the forecast period.
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Manufacturers are also investing heavily in marketing & advertising activities to attain an extended customer base to eventually capture high industry share. Furthermore, improving life style of consumers along with increasing awareness towards mineral water consumption is expected to drive the bottled water packaging market size across the globe.
Based on packaging, bottled water packaging market size is segmented into pouch, cans and bottles. Pouch is formed of plastic and contains lesser amount of bottled water compared to cans & bottles. Cans are usually preferred in areas having poor water infrastructure. Areas having interrupted or unclean water supply prefers availing large cans of drinking water to avoid ill-health conditions. Bottles are amongst the highest consumed form and henceforth contributing a major chunk of bottled water packaging market size.
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Based on material, bottled water packaging market size is segmented into PET bottles and glass bottles. PET bottle has contributed the maximum bottled water packaging market share owing to its lighter weight & easy portability for travellers across the world. However, due to stringent environment regulations imposed by government for using recyclable packaging material to reduce hazardous material in the environment. There is a shift in focus or availability of alternative sources of packaging for bottled water including glass. They are less preferred by travellers owing to higher weight and brittleness compared to PET bottles.
Regionally, North America accounted for the highest bottled water market share and is anticipated to remain at the top by 2024. It is due to rise in health consciousness among consumers which is likely to boost the bottled water packaging market size over the coming years. Furthermore, rising population & increasing purchasing power of consumers in developing regions of Asia Pacific is likely to stimulate the bottled water packaging market size during the forecast period.
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The key global bottled water market share contributors are Greif, Amcor, Plastipak, RPC, Graham, Kaufman Container, Greiner Packaging International, Alpha Group, Sidel International, Ampac and Silgan Holdings. Most of these players have presence across multiple stages of industry ecosystem. For instance, Silgan Holdings is engaged in both manufacturing & distributing packaging material for bottled water across the globe.
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