Global Bottled Water Market Size by Growth Rate, Business Challenges, Competitors, and Forecast
The new report titled ‘Global Bottled Water Market,' published by Emergen Research, is a vivid presentation of the global Bottled Water market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts' observations. It features insightful qualitative and quantitative assessments of the Bottled Water industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Bottled Water market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions.
The Bottled Water Market has witnessed significant growth over the past few decades, driven by the increasing demand for convenient and portable water solutions, rising health consciousness, and changing consumer preferences. Bottled water refers to packaged drinking water, available in various sizes and types, such as still, sparkling, flavored, and vitamin-enhanced. With concerns over water quality and safety in some regions, bottled water has emerged as a reliable and accessible alternative to tap water. Additionally, the growth of the bottled water market is also fueled by the surge in on-the-go consumption habits, urbanization, and the perception of bottled water as a healthier beverage choice.
Bottled water has become a staple beverage across the globe, catering to diverse consumer needs and preferences. The market offers a wide range of options, from natural spring water and mineral water to purified and alkaline water. Bottled water is typically sold in single-serve PET bottles, larger bottles for household consumption, and bulk containers for commercial and industrial use. The convenience of bottled water, coupled with the growing awareness of the importance of hydration for overall health, has contributed to its popularity in both developed and developing economies.
The global bottled water market size was USD Billion 303.56 in 2022 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to the latest analysis by Emergen Research. One of the primary drivers of the bottled water market's growth is the increasing health consciousness among consumers. With rising concerns over the quality of tap water in certain regions, consumers are turning to bottled water as a safe and reliable source of hydration. Bottled water companies often highlight their water's purity and adherence to quality standards, appealing to health-conscious consumers seeking a trustworthy drinking option.
Furthermore, the surge in on-the-go consumption trends and urbanization has contributed to the demand for bottled water. As lifestyles become busier and people spend more time outside their homes, the convenience of bottled water makes it a popular choice for quick hydration on the move. The portability and accessibility of bottled water, available in various formats like single-serve bottles and water dispensers, align perfectly with modern consumer preferences.
Despite its widespread popularity, the bottled water market faces certain restraints that may impact its growth. One of the main challenges is the environmental impact of plastic bottles. The extensive use of plastic bottles for packaging bottled water has raised concerns about plastic waste and its contribution to pollution, particularly in oceans and landfills. Increasing awareness of environmental issues has led consumers and policymakers to seek more sustainable alternatives to single-use plastic bottles, which may impact the bottled water industry.
Moreover, the perception of tap water as a cost-effective and environmentally friendly option may hinder bottled water consumption in some regions. In areas with access to clean and safe tap water, consumers may opt for tap water over bottled water to reduce costs and minimize plastic waste.
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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Bottled Water business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic's present and future effects.
Competitive Outlook:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Bottled Water market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter's Five Forces analysis and SWOT analysis.
Leading companies operating across the global Bottled Water market:
PepsiCo, Nestlé, The Coca-Cola Company, Primo Water Corporation, FIJI Water Company LLC, Gerolsteiner Brunnen GmbH & Co. KG, Voss of Norway, Nongfu Spring, Norland International, Icelandic Glacial
Report Highlights:
- Besides offering a vivid depiction of the global Bottled Water business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Bottled Water Market Segmentation:
- Product Type Outlook (Revenue, USD Billion; 2019–2032)
- Still Water
- Sparkling Water
- Flavored Water
- Mineral Water
- Others
- Packaging Type Outlook (Revenue, USD Billion; 2019–2032)
- PET Bottle
- Glass Bottle
- Collapsible Bottle
- Biodegradable Plastic Bottles
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis of the Bottled Water Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Features of the Bottled Water Market Report:
- The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
- The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
- Evaluation of key current and emerging market trends and growth prospects
- It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
- Brief overview of industry with regards to research and development, technological advancements, and product development
- In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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ToC of the Report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Look Over transcripts provided by Emergen Research
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