According to Facts and Factors Market research, the global Bottled Water market in 2019 was approximately USD 230 billion. The market is expected to grow at a CAGR of 8% and is anticipated to reach around USD 400 billion by 2026.
The bottled water industry is growing steadily. The industry under review is well known and develops at a reasonable rate. The risk of disease due to drinking polluted tap water, preference for consumers for clean drinking water, and easy portability and convenience provided by bottled water can be attributed to this. However, market growth prospects can be achieved by the introduction of environmentally friendly packaging and aromatic water with regulated components. The bottled water market is expected to grow significantly in the coming years as shifts in customer life become readier to save time from the most convenient water and food sources. Nonetheless, strict regulations on the authorization of bottled water and tap water quality at a lower price are important variables hindering the growth of the industry. The most popular source of water is bottled water because it can be easily transported in many convenient packets. These bottles of water are useful on the go. These are also easy to access in the supermarket and departmental shops to support the development of the water bottling industry. However, the stringent government rules regarding the use of plastic bottles might hinder the market’s growth over the forecast period.
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Top Market Players
- Nestlé S.A.
- Brunnen GmbH & Co. KG
- Tata Global Beverages
- Pepsi Co Inc
- RHODIUS Mineral Springs and Beverages GmbH & Co. KG
- Danone Waters of America Inc.
- Bisleri Ltd.
- Spring of Nongfu
As of 2019, the still bottled water segment was accounted for USD 177 billion. This segment is likely to maintain its dominance over the forecast period, providing more than 75% of the overall demand for the global bottled water industry. This growth is primarily owed to the huge consumer base of this segment. Based on the end-use segment, packaging held the majority of shares in 2019, primarily attributable to the huge presence of the beverage and drinks industry across the globe.
The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the Bottled Water sector. Key strategic developments in the Bottled Water market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Bottled Water market are appropriately highlighted in the report.
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The demand for bottled water is projected at USD 230 billion in 2019 and is expected to record an 8 percent CAGR in the forecast timeframe. Governments that limit the use of plastics in tandem with increasing public awareness of the negative effects of plastic waste are among the key factors that drive demand growth. In addition, increased use of bottled water in packaging and agriculture is expected to complement the growth of the segment.
In addition to raising awareness of the rising water consumption in rich regions around the world, the bottled water sector is gaining momentum from the increasing popularity of carbonated water. Companies working on the bottled water market and ensuring proper recycling are developing environmentally friendly packaging materials. Mushrooming of small and medium-sized enterprises (SMEs) also increases the demand for big bottled water. On the other hand, the environmental impact of plastic bottles and the strict environmental legislation are some of the restrictions that prohibit the bottled water industry from developing at a higher level.
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The Bottled Water market research report delivers an acute valuation and taxonomy of the Bottled Water industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Bottled Water industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Bottled Water industry is provided for the leading economies of the world.
Based on the region, North America held dominated the global market in 2019; this region was accounted for nearly USD $42 billion. The North American region is anticipated to dominate over the forecast period owing to the rise in demand for packaged drinks in this region.
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This report segments the Bottled Water market as follows:
Global Bottled Water Market: By Type Segmentation Analysis
- Still bottled water
- Carbonated bottled water
- Flavoured bottled water
- Functional bottled water
Global Bottled Water Market: By Application Segmentation Analysis
- Consumer goods
Key Recommendations from Analysts
- Based on the exhaustive secondary research done by our team, the Still bottled water type is anticipated to become the most demanding type in the upcoming years, owing to the growing demand for Bottled Water from the drink and beverage industry for various end-use applications.
- As per our analysts, North America recorded the highest market share of more than 33% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
- Growing at a CAGR of around 8%, the Bottled Water market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
- Our analysts have identified Still bottled water and packaging categories as the leading investment pockets for the Bottled Water market in terms of type and end-use segmentation respectively.
- Our analysts recommend the emerging players to focus on Still bottled water owing to the substantial growth of the food and beverage industry, especially in APAC and Middle-eastern regions, and increased adaptation of Still bottled water.
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