Press release
Bottled Water Market to Touch US$ 364.4 Billion by 2028, at a CAGR of 7.3%
What are the growth prospects of the Bottled Water industry?
The global bottled water market size reached US$ 237.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 364.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
What is a Bottled Water?
Bottled water is obtained from various sources, including wells, protected springs or a public water supply, and intended for human consumption. 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.
Impact of COVID-19:
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.
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What are the major market drivers in the Bottled Water Market?
The growing awareness about the disadvantages of sugar and artificial sweeteners present in carbonated drinks, along with the rising health consciousness among individuals, represents one of the key factors bolstering the demand for bottled water. 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.
Read Full Report with Table of Contents: https://www.imarcgroup.com/bottled-water-market
Report Segmentation:
The report has segmented the market into the following categories:
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
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
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.
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
Inquire before buying: https://www.imarcgroup.com/request?type=report&id=3131&flag=F
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 (2023-2028) 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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Contact Us:
IMARC Services Private Limited
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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