IMARC Group has recently released a new research study titled “Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global bottled water industry. 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 represent sealed water in food-grade bottles that are intended for human consumption. They are available in still, carbonated, flavored, and mineral product types that are packed in polyethylene terephthalate (PET) bottles and metal cans. These bottled water products have a considerable amount of total dissolved solids (TDS) or dissolved minerals as compared to regular water. They adequately treated and disinfected using filtration, ozone and ultraviolet (UV) treatment, and reverse osmosis (RO) and are then packaged in bottles, pouches, and glass for safe consumption. Consequently, bottled water variants are in widespread demand among consumers across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bottled Water Market Trends and Drivers:
The escalating prevalence of several water-borne diseases and the elevating awareness about the health hazards of carbonated drinks are among the key factors driving the bottled water market. In addition to this, the shifting consumer preferences toward premium water bottles in restaurants, hotels, and cafes and the increasing product usage for travel and tourism activities, owing to its convenience and ease of carrying, are acting as significant growth-inducing factors.
Furthermore, the introduction of sparkling and flavored products by leading market players to expand their portfolio is also positively influencing the global market. Apart from this, the inflating expenditure on advertising campaigns and celebrity endorsements to improve brand visibility among consumers is further stimulating the market growth. Moreover, the development of specialized test kits by manufacturers that help analyze the quality of the packed water and the growing product availability in an extensive range via numerous online retail stores are expected to propel the bottled water market over the forecasted period.
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Bottled Water Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
The report has segmented the market into the following categories:
Market Breakup by Product Type:
Market Breakup by Distribution Channel:
- Convenience Stores
- Direct Sales
Market Breakup by Packaging Type:
- PET Bottles
- Metal Cans
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
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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