Bottled Water Market Size, Industry Share, Worldwide Trends, Growth Opportunities and Forecast By 2024-2031 | Nestlé S.A., The Coca-Cola Company

The bottled water market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Bottled water is packaged or distributed drinking water, available in plastic and glass bottles for sale. It provides convenience to consumers. Bottled water is considered as an alternative to soft drinks and sugary beverages.

Market Dynamics:

Bottled water market is expected to witness high growth owing to increasing health consciousness among consumers and growing awareness about the benefits of consuming water. Consumers prefer bottled water as it is considered safer to drink than tap water in many parts of the world. Bottled water offers portability and ensures microbiological safety which drives its demand. Rising disposable income levels in developing countries has also increased the affordability of bottled water, propelling market growth.

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Top Key Players are Covered in this Report:

★ Nestlé S.A.
★ The Coca-Cola Company
★ PepsiCo Inc.
★ Danone S.A.
★ Mountain Valley Spring Company LLC
★ The Hangzhou Wahaha Group Co., Ltd.,

Market Segmentation:

By Product Type:

★ Still
★ Carbonated
★ Flavored
★ Functional

By Material Type:

★ Polyethylene Terephthalate (PET)
★ Glass

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Bottled Water Market Is Increasingly Being Driven By Growing Consumer Health Awareness and Preference for Purified Water

The bottled water market growth is being fueled by the rising health consciousness among consumers globally. There is a widespread perception that drinking bottled water delivers more health benefits than tap water. Many consumers believe that bottled water is safer and purer than tap water. The purification process and hygienic packaging of bottled water give consumers peace of mind. Also, bottled water is considered advantageous for conditions like gastrointestinal issues, hydration, and overall health. Moreover, the marketing by bottled water companies has successfully linked bottled water with health, wellness, and purity. This has enhanced consumer demand significantly.

Another Major Driver For Bottled Water Consumption Is The Rise In Away-From-Home Beverage Consumption

The trend of rapid urbanization and changing lifestyles has increased the consumption of beverages away from home including in offices, schools, events, and recreational places. As tap water is not always available outside, bottled water has become a preferred choice. It satisfies thirst conveniently wherever people go. Also, the availability of small-sized bottles has boosted on-the-go consumption. The working population finds bottled water a suitable option for hydration during work. Institutions also prefer bottled water due to its storage flexibility and safety. During summer sessions or outdoor activities, large quantities of bottled water are distributed for masses. This away-from-home consumption pattern has emerged as a key driver propelling the bottled water market growth.

Recycling And Disposal Issues Pose A Significant Restrain For The Bottled Water Market

Plastic water bottles have become a serious concern due to difficulties in recycling and proper disposal. Most water bottles end up in landfills and oceans, which is detrimental to the environment. According to studies, only 23-30% of plastic bottles are recycled, while the rest remain as litter. The process of collecting, transporting, and recycling used bottles increases the environmental footprint. Also, many recycled water bottles are downgraded and turned into lower-value products due to contamination. The energy required to produce new bottles is also high. Such issues related to bottle waste frustrate communities and environmentalists. Some countries and states have introduced bottle deposit schemes or banned use of bottled water due to recycling challenges. This acts as a restrain on the bottled water market expansion.

Growing Focus On Sustainable And Eco-friendly Packaging Present Compelling Opportunity For Bottled Water Companies

Customers are increasingly concerned about plastic pollution and prefer brands that are environmentally responsible. This gives an opportunity for bottled water companies to innovate sustainable yet appealing packaging solutions. Solutions like aluminum cans, glass bottles, and PlantBottle produce from plant-based materials are gaining popularity. Also, concentrates and refill models are offering waste-free options. Packaging with reduced plastic and improved recycling potential can favor brand perception. Partnerships with recycling firms for bottle recovery can aid the circular economy. Those focusing on sustainability through their packaging, operations as well as CSR initiatives will see commercial benefits. Bottled water companies optimizing resources and carbon footprint will attract socially conscious buyers going forward.

Emergence Of Health And Wellness Trend Will Likely Boost Demand For Specialty Bottled Waters

The growing health and wellness culture is opening new avenues for bottled water market players. There is rising popularity of infused, flavored, vitamin-enhanced and specialty bottled waters targeted at specific customer segments. Examples include water strengthened with antioxidants, electrolytes, probiotics, herbs, or fruits. These waters are marketed as boosting immunity, metabolism, beauty and general well-being. Companies launching bottled water ranges aligned to health, diet, sports or fashion trends gain notable traction. E-commerce is also enabling varied options to reach niche audiences easily. With consumers increasingly preferring functional beverages, the demand for such enhanced bottled waters catering to the wellness trend is surging strongly and will continue in the future.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Bottled Water market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Bottled Water market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Bottled Water Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

Contact Us

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.