Bottled Water Market Size to Worth US$ 364.4 Billion by 2028 | With a 7.3% CAGR

IMARC Group, a leading market research company, has released a report titled "Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, 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.

Bottled water is a packaged form of clean, safe drinking water, typically sourced from natural springs, wells, or purified municipal water supplies. It serves as a convenient and portable hydration solution for consumers, available in various sizes and packaging formats. It is characterized by its purity, quality, and consistent taste, making it a preferred choice for individuals on the go or those seeking an alternative to tap water.

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Bottled Water Market Trends and Drivers:

The global bottled water market has witnessed remarkable growth in recent years, driven by the increasing consumer preference for healthier hydration options. As health-conscious individuals seek alternatives to sugary and calorie-laden beverages, bottled water emerges as a natural choice, meeting the demand for calorie-free refreshment. Besides, environmental consciousness has also played a pivotal role in shaping the bottled water market landscape. The industry has responded to concerns about plastic waste by adopting sustainable practices and materials. Many bottled water companies are transitioning to eco-friendly packaging, such as recycled PET bottles and lightweight designs that reduce their carbon footprint. Additionally, initiatives like bottle collection and recycling programs are gaining traction, demonstrating the industry's commitment to addressing environmental concerns. Moreover, flavored and sparkling varieties of bottled water have gained popularity, appealing to consumers seeking variety and a more enjoyable drinking experience. These trends highlight the industry's adaptability to evolving consumer preferences. Furthermore, the global bottled water market is witnessing geographical expansion as companies explore untapped markets and regions with growing demand for bottled water. Emerging economies are becoming key battlegrounds for market players, as rising disposable incomes, urbanization, and changing lifestyles drive increased consumption of bottled water. Businesses are leveraging their distribution networks and marketing strategies to gain a foothold in these burgeoning markets.

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

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:

The competitive landscape of the market has also been analyzed, with some of the top leading bottled water companies.

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.

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