Bottled Water Industry Size Worth US$ 339.5 Billion Globally, by 2027 at CAGR of 7.4%

According to the latest report by IMARC Group, titled, "Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global bottled water market size reached US$ 220.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 339.5 Billion by 2027, exhibiting a CAGR of 7.4% during 2022-2027.

Bottled water is meant for human consumption and is acquired from a variety of sources, including wells, protected springs, or a public water supply. It has high amounts of dissolved minerals or total dissolved solids (TDS) as compared to regular water. The bottles are generally treated with ultraviolet (UV) irradiation before packaging, which prevents the growth of pathogenic organisms during storage or transportation. After the disinfection process, these bottles are filled with water, labeled and sold in different sizes, ranging from single-serve to large carboys for water coolers. At present, the rising incidences of water-borne diseases and emerging health and wellness trends worldwide are increasing the utilization of bottled water for domestic purposes.

Bottled Water Market Trends:

One of the primary factors driving demand for bottled water is increased awareness about the dangers of sugar and artificial sweeteners found in carbonated beverages, as well as rising health consciousness among individuals. The increasing premiumization of water bottles on account of inflating disposable incomes is also contributing to the market growth. The sales of premium bottled water are also supported by its escalating adoption in hotels and restaurants. Furthermore, the increasing participation of individuals in outdoor activities is promoting the utilization of small-sized water bottles. Besides this, the easy availability of smart vending machines for bottled water in numerous counties is positively influencing the market growth. Additionally, the growing focus on introducing lightweight, eco-friendly packaging solutions is anticipated to create lucrative opportunities for manufacturers.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.

Market Breakup by Product Type:

Still
Carbonated
Flavored
Mineral

Market Breakup by Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Direct Sales
On-Trade
Others

Market Breakup by Packaging Type:

PET Bottles
Metal Cans
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Bisleri International Pvt. Ltd.
Danone S.A.
Gerolsteiner Brunnen GmbH & Co. KG
Nestle S.A.
Nongfu Spring (Yangshengtang Co. Ltd.)
Otsuka Pharmaceutical Co. Ltd.
PepsiCo Inc.
Primo Water Corporation
Tata Consumer Products Limited 
The Coca-Cola Company.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/bottled-water-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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This release was published on openPR.