Bottled Water Package Service Market will reach US$ 295.5 Bn by the end of 2032 -Norland, Axeon Water, Sidel, Danone, Suez, Pall Corporation, Amocor Limited, Ball Corporation, Alpack Plastics, Altium Packaging, Plastipak Holdings, Graham Packaging Company

Bottled Water Package Service Market will reach US$ 295.5 Bn by the end of 2032.The global bottled water market size was valued at USD 283.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030. Increasing concerns regarding various health problems such as gastrointestinal diseases caused by the consumption of contaminated water are leading to the increased demand for clean and hygienic packaged options. Drinking water scarcity in several regions further necessitates the demand for safe drinking water, leading to increased product sales, thereby augmenting market growth.

Some of the Top companies Influencing this Market include:

Norland, Axeon Water, Sidel, Danone, Suez, Pall Corporation, Amocor Limited, Ball Corporation, Alpack Plastics, Altium Packaging, Plastipak Holdings, Graham Packaging Company, Comar, Gerresheimer AG, Bericap, Toray Industries

To avail Sample Copy of report, visit @ https://www.mraccuracyreports.com/report-sample/378915

Bottled Water Package Service Market Types:

Purified Water, Sparkling Water.

Bottled Water Package Service Market Applications:

Drink & Beverage, Medical & Lab, Others

Product Insights
The purified segment held the largest revenue share of more than 40.0% in 2021 and is expected to maintain its lead over the forecast period. Diseases such as dysentery, diarrhea, and typhoid are usually caused due to contaminated particles in running water, thus consumers are looking for water-saving options and companies are addressing the same issues. For instance, Aquafina offers purified drinking options, which are filtered and sodium-free. Similarly, Dasani offers purified options with added minerals for safe and clean drinking.

The sparkling segment is projected to register the fastest growth rate of 7.4% from 2022 to 2030. The growing preference of consumers for the sparkling category as a healthy alternative for sugary drinks such as cola to cut down sugar content levels is driving the segment. The excess sugar level in the body causes weight gain/obesity, type 2 diabetes, and other related health issues. According to Bevnet Magazine November-December 2020 sparkling category has grown at nearly double the rate from the year 2019. This can be attributed to the product's health advantages, coupled with a growing shift in consumer preference toward healthy drinks. This trend is likely to be the key driver for the segment.

Regional Insights
Asia Pacific held the largest revenue share of over 40.0% in 2021 and is expected to register the fastest CAGR from 2022 to 2030. Growing awareness regarding the importance of health and wellness in countries including China, India, Malaysia, and Indonesia is one of the major factors supporting the market growth owing to the heightened demand for hygienic consumables. With the growing awareness regarding the importance of hygienic beverage options, the demand for bottled options is also increasing, thereby creating avenues for market growth in the region.

North America held the second-largest revenue share in 2021. The growing trend of living a healthy lifestyle and extensive sports and other physical and outdoor activities are also responsible for the high demand for bottled water. Most Americans do not prefer drinking water straight from the tap as they find packaged options to be a safer and more convenient option. Moreover, the rising demand for eco-friendly and sustainable packaging solutions by customers is expected to offer lucrative opportunities for existing manufacturers and new entrants in the market.

Key Companies & Market Share Insights
The global market is highly dynamic as a large number of companies can be seen competing for enhancing their share in the market. A large part of the industry is controlled by local firms. Several companies are centennial and some of these are family-owned. Some of the largest food and beverage companies including Nestlé, PepsiCo, and The Coca-Cola Company have entered the market. Along with that, in order to improve their efficiency and by using the international distribution channel, the companies have been ruling the industry. For instance, in Feb 2021, Nestlé sold its bottled brands in North America including Poland Spring, Deer Park, Arrowhead, Ozarka, Zephyrhills, and Pure to a subsidiary of One Rock Capital Partners and investment firm Metropoulos & Co. in order to revitalize individual brand sales.

Get Up to 30% Discount on the first purchase of this report @ https://www.mraccuracyreports.com/check-discount/378915

What is Enabling Bottled Water Consumption in Germany?
The regional market is expected to grow as a result of rising health consciousness among consumers and increased use of bottled beverages. As of 2018, the country accounted for over 38% of per capita consumption, as per the Beverage Marketing Corporation.

Furthermore, commercial organizations like the European Federation of Bottled Water (EFBW) are actively promoting the benefits of natural spring water, mineral water, and other bottled fluids. Germany is expected to be the top market for sparkling water, followed by functional water, increasing regional market growth, surging at 8% CAGR.

How is Growing Water Scarcity Augmenting Demand across China?
China has faced scarcity in available drinking water for long due to water pollution and lack of fresh water natural resources. According to Direct China Chamber of Commerce, China holds only 6.5% of total renewable water resources on Earth, sustaining 1/5th of the global population. Consequently, the government is actively pushing for enhanced access to clean drinking water.

Furthermore, its report suggests that total annual consumption of bottled water in China is expected to reach over 50 million tons by the end of 2021. The market is expected to expand at over 12% CAGR through 2031.

Category-wise Insights
Why is Purified Bottled Water acquiring Major Traction?
As the global population expands rapidly, demand for potable water is rising exponentially. The World Health Organization states that 5.3 billion (71%) of the global population used safely managed drinking water services, while 90% used at least one basic service.

Attributed to the aforementioned trends, the popularity of purified bottled water has surged rapidly. Fact.MR expects purified bottled water sales to register over 1/3rd of global sales until 2031.

Why the Preference for PET & Glass Bottled Water?
According to Fact.MR, sales of PET bottled water are likely to accelerate at a staggering 10% CAGR from 2021 to 2031. Absence of chemical phthalates or bisphenol A, thus preventing leaching, is perceived as a key reason behind its rising uptake.

Glass bottles, on the other hand, are expected to gain popularity among consumers. Glass bottled water sales could reach US$ 210.5 Bn by the end of 2031.

Environment-friendly packaging of bottled water

As stated above, there are increasing concerns regarding environmental degradation due to the packaging of bottled water. Hence, there is an increased emphasis on the development of recyclable and ecofriendly packaging materials for bottled water.

This is expected to open up opportunities for various players operating in the U.S. bottled water market, making it a lucrative business for key players operating in this space in the long run. For example, in July 2015, Nestlé launched its new bottled water brand called 'Natural Spring Water'. The water packaged under this brand comes in 100% recycled plastic (rPET) bottles, excluding the label and cap

Buy Exclusive Report@: https://www.mraccuracyreports.com/checkout/378915

Competitive Landscape
Prominent manufacturers rely on a plethora of expansion and marketing strategies so as to remain afloat in the global market. Key approaches include strategic collaborations, acquisitions and product launches.

In April 2021, as part of its ongoing portfolio overhaul, Nestle SA decided to sell its bottled water business in the United States and Canada to private equity company One Rock Capital Partners for US$ 4.3 billion, being renamed BlueTriton Brands
Likewise, in October 2020, Primo Water Corporation announced the acquisition of Mountain Valley Water Company of Los Angeles, bringing the total number of customers to over 8,000.
In June 2021, VOSS Water, based in New York, debuted its new VOSS+ brand at select retailers around the U.S in honor of National Hydration Day. Three improved waters will be available in the new range, each meant to assist customers elevate and enhance their daily lives through unique hydration experiences.

Key Segments Covered
Product
Spring Bottled Water
Purified Bottled Water
Mineral Bottled Water
Sparkling Bottled Water
Artesian Well Bottled Water
Tap Bottled Water
Distilled Bottled Water

Sales Channel
Wholesale Sale of Bottled Water
Bottled Water Sold at Supermarkets
Bottled Water Sold at Convenience Stores
Bottled Water Sold by Online Retailers
Bottled Water Sold at Grocery Stores

Size
Less than 300 ml Bottled Water
300-350 ml Bottled Water
350- 550 ml Bottled Water
1 - 3 Liter Bottled Water
3-5 Liter Bottled Water
More than 5 liter
Packaging
PET Bottled Water
Glass Bottled Water

Trends in the U.S. bottled water market
Introduction of products with various health benefits gaining traction in the U.S. bottled water market

Consumers in the U.S. are opting for healthier beverages instead of carbonated drinks. As a result, bottled water companies are focusing on establishing new and enhanced water products and ensuring that all primary qualities of naturalness and hydration of conventional plain water are maintained.

This has given rise to various product launches and developments in the bottled water industry that is revolving around the various health benefits acquired by consuming such products.

U.S. Bottled Water Market Analysis, by Distribution Channel
By distribution channel, the others segment is expected to maintain its dominance in the U.S. bottled water market during the forecast period, with 38.3% value share and a CAGR of 4.1% by 2024. The super market segment is expected to register a CAGR of 4.4%. The super market segment is estimated to account for 35.3% value share by 2024 end. It is followed by the grocery store segment, which is expected to account for a market share of 20.4% by 2024 end. The grocery store segment is anticipated to register a CAGR of 3.8% during the forecast period.

High price of PET segment is adversely affecting the U.S. bottled water market

PET segment is widely used due to its relatively low cost and can be recycled. PET is reliable and environmental friendly because 100% recycling is possible. This will open newer avenues of growth for the bottled water market in the U.S. However, the market expansion of the U.S. bottled water market is somewhat walled by the high pricing structure of the PET segment. Moreover, the use of PC polycarbonates bottles is diminishing greatly due to its adverse environmental impact.

Home Isolation due to COVID-19 driving Market Growth?
Since the outbreak of the novel coronavirus pandemic, consumers worldwide have become increasingly health conscious, prompting increased frequency of stockpiling in recent months. This development is significant, given the backlash encountered amid usage of plastic bottles.

Sales of bottled water are likely to remain elevated, as consumers are expected to opt for plastic bottles due to perceived antiviral protection characteristics offered by them. While the U.S experienced more than 50% increase between late February and mid-March 2020, the U.K witnessed dexterous growth, with alkaline water brand Actiph seeing a 1000% increase.

Curbs on Plastic Bottles Usage to Hinder Expansion Prospects?
The bottled water industry's expansion is hampered by rigorous laws on the authorization of bottled water and the availability of high-quality tap water at a lower cost. Bottled water is the most popular source of water since it can be conveniently transported in a variety of convenient containers.

These water bottles come in handy when you're on the run. To encourage the expansion of the water bottling industry, these are also readily available in supermarkets and department stores. However, the market's growth may be hampered by government regulations prohibiting the use of plastic bottles over the projection period.

Call Us - UK +44 7452119323
USA +1 8045001224
Email us - sales@mraccuracyreports.com
30 Crawley Lane, West Sussex, RH10 7EG, United Kingdom
3351 Green Turtle Rd, Regina, SK S4V 3N6, Canada

MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies,small, medium and large corporations, global business leaders, government organizations,
SME's, Individual & Start-ups, top management consulting firms.

This release was published on openPR.