Press release
Bottled Water Packaging Market Size, Share, Industry Trends, Regional Analysis, Demand and Top Players- Amcor Plc, Berry Plastics Corporation, Plastipak Holdings, Inc., Graham Packaging Company
The global bottled water packaging market is set to witness significant growth, driven by advancements in packaging materials, the rise in mineral water consumption, and a growing focus on sustainability. The market, valued at an estimated US$ 20 billion by 2029, is expected to experience a compound annual growth rate (CAGR) of 4.1% during the forecast period.Lightweight and Handy Materials Revolutionize Packaging
Traditionally available only in glass bottles, bottled water packaging has undergone a transformation with the advent of lightweight and handy materials. The use of various types of plastic containers, including polyethylene, polypropylene, and polyvinyl chloride, in the form of pouches, cans, pots, drums, and bottles, has become widespread. Plastic, being lightweight and convenient, fulfills the requirements of the bottled water packaging market, facilitating easier transportation and reducing overall costs.
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Rise in Consumption of Mineral Water Drives Market Demand
The increasing consumption of mineral water, enriched with essential elements such as magnesium, potassium, and calcium, has significantly boosted the growth of the bottled water packaging market. Consumers are increasingly drawn to innovative offerings, including water infused with sound frequencies, light spectrums, and water from pristine Arctic glaciers. This surge in demand, despite challenges posed by the COVID-19 pandemic, emphasizes the resilience of the bottled water market.
Challenges and Opportunities Amidst the Pandemic
The COVID-19 pandemic disrupted global supply chains, impacting various industries, including bottled water packaging. Stringent regulations and logistical difficulties emerged, but the demand for bottled water persisted, driven by consumers stockpiling essential commodities. With the pandemic gradually subsiding due to rapid vaccination drives, key players in the market are expected to focus on improving production and adopting efficient processing strategies.
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Innovative Trends Shape the Market Landscape
Luxury water, a novel trend in the bottled water packaging market, sees manufacturers turning drinking water into a premium experience. Bottled water infused with moon frequencies, rainbow light spectrums, and sourced from pristine Arctic glaciers, packaged in materials such as gold and platinum, has created a niche market segment. Sustainability is also playing a pivotal role, with the industry shifting towards more environmentally friendly packaging materials like glass, metals, and tetra packs.
Key Players and Competitive Landscape
The global bottled water packaging market is highly competitive and fragmented, with both global and local players contributing to its dynamism. Key players include Amcor Plc, Berry Plastics Corporation, Plastipak Holdings, Inc., and others. Global bottled water brands such as Nestlé, PepsiCo, The Coca-Cola Company, and DANONE are actively contributing to market growth.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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