Press release
Bottled Water Industry is poised to flourish at a 5.5% CAGR From 2022 to 2032
Bottled Water Market
Bottled water is packaged drinking water that is purified and free from contamination. It is available in plastic and glass water bottles, and is the most convenient way for the body to fulfill its hydration needs, being easily available in nearby retail stores and supermarkets.
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The growth of the global bottled water market is fueled by the increasing awareness of healthcare among individuals worldwide regarding waterborne diseases like diarrhea, food poisoning, malaria, and typhoid. Evolving lifestyle patterns have led people to prefer convenient sources of water and food to save time. Governments globally are focusing on developing public water infrastructure to ensure the supply of safe drinking water. The adoption of functional bottled water is rising due to heightened awareness of hygiene and health consciousness worldwide.
Major players in the market are actively introducing new products with health benefits and unique flavors, resulting in numerous product launches. The growing preference for these new products is attributed to their better taste, functional benefits, and convenience. Additionally, there is a shift in consumer choices from carbonated drinks to bottled water, further boosting the demand for functional and flavored bottled water.
Top Key Players are:
Bisleri International Pvt. Ltd.
Nestle SA
Voss of Norway ASA
FIJI Water Company LLC
Mountain Valley Water Co.
Societe des Eaux Minerales d'Evian SA.
The Coca Cola Company Inc.
Primo Water Corporation
GEROLSTEINER BRUNNEN GmbH & Co. KG
Nongfu Spring
TATA Consumer Products Limited
Glaceau
ACQUA PANNA
PepsiCo Inc.
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Key Segments Covered in the Bottled Water Industry Survey
By Product :
Spring
Purified
Mineral
Sparkling
Artesian Well
Tap
Distilled
By Sales Channel :
Wholesale Sale
Supermarkets
Convenience Stores
Online Retailers
Grocery Stores
By Size :
Less than 300 ml
300-350 ml
350- 550 ml
1 - 3 Liter
3-5 Liter
More than 5 liters
By Packaging :
PET
Glass
However, the market faces challenges, including strict regulations for bottled water approval, lower prices of tap water compared to bottled water, and the popularity of home water treatment technologies such as reverse osmosis. The utilization of plastic for water packaging has been associated with neurological diseases and behavioral problems in children due to the presence of hazardous chemicals like bisphenol A (BPA), potentially impacting the market's growth.
Key Projections for the Global Bottled Water Market:
Glass is expected to remain the preferred packaging type for bottled water, with revenues from glass bottled water sales reaching nearly US$ 100,000 million by 2022.
PET bottled water sales are projected to exhibit the highest CAGR through 2022 among packaging types.
Wholesales/distributors are expected to be the most lucrative sales channel, followed by supermarkets/hypermarkets.
In terms of size, 5 liter bottled water.
Sales of spring bottled water are estimated to remain the most lucrative product, surpassing revenues of US$ 45,000 million by 2022.
Distilled bottled water is anticipated to exhibit the highest CAGR in the market through 2022 among product types.
Europe is projected to dominate the global bottled water market in 2017 and continue its dominance through 2022.
North America will maintain its position as the second-largest bottled water market.
Asia-Pacific excluding Japan (APEJ) is expected to witness the highest CAGR through 2022, driven by a large population, strong economic growth, and rising purchasing power.
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Competitive Landscape
Prominent players in the Bottled Water Industry are taking advantage of the rapidly increasing demand for the Bottled Water in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors.
Some prominent market developments are as follows :
In February 2022, Primo Water Corporation had announced to launch PRIMO PLUS ALKALINE WATER. Furthermore, Primo Water Corporation is a leading provider of sustainable drinking water solutions in North America and Europe.
In June 2021, VOSS Water, based in New York, debuted its new VOSS+ brand at select retailers around the U.S in honor of National Hydration Day. Three improved waters will be available in the new range, each meant to assist customers elevate and enhance their daily lives through unique hydration experiences.
Related Reports:
Global Bottled Cooler Market is anticipated to progress at a sluggish CAGR of 3.9% through 2028
https://www.factmr.com/report/2150/bottled-water-cooler-market
Bottled Deep Ocean Water Market size is projected to reach US$ 2,967.5 million in 2034
https://www.factmr.com/report/bottled-deep-ocean-water-market
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