Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 377.32 Billion | USD 693.68 Billion | 7% | 2023 |
Zion Market Research has published a report on the global Bottled Water Market, estimating its value at USD 377.32 Billion in 2023, with projections indicating that it will reach USD 693.68 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Bottled Water industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Water is a vital and essential ingredient for the living being specifically for human kind, as in humans eighty percent of the body is acquired by water. Water that is consumed specifically for the drinking purpose in a material moulded volume (bottle) is termed as bottled water. The main originating sources for bottled water are the natural reservoirs such as rivers, ponds, and other water storage facilities. Sadly when comprising all the sources of the water bodies globally, the maximum quantity of the water is polluted mainly owing to microbiological bacteria and viruses, chemicals, and other dissolving impurities. Bottled water is a pure alternative to the drinking water solution due to its various reliable purification procedures.
Increasing demand from rising population and inefficient water supply management in certain residential areas are driving the global bottled water market. Rising trend for healthy lifestyles and wide utilization of bottled water for activities such as trekking and other sports activities are the major factors responsible for the high demand of the bottled water in the market. In addition, high investments owing to potential demand and new companies emerging into the bottled water sector are key factors augmenting the growth of the market. Rising awareness among the consumers about consuming healthy alternatives such as flavoured water rather than carbonated soft drinks is also a reason for the change in consumer preferences, thus boosting the demand for the bottled water sub products. However, the large amount of plastic waste generated in terms of bottles which is non-degradable by nature may act as a restraining factor hampering the market growth in future.
The global bottled water market is widely segmented based on product type as carbonated bottle water, flavoured bottled water, still bottle water, and functional water bottle.
Further based on the type of material used for making the bottle, the global market is classified as polyethylene terephthalate (PET) bottles and glass bottles.
On the basis of the purchasing source, the global bottled water is segmented as hypermarket, grocery stores, food serving places, clubs, and at many sources.
Report Attributes | Report Details |
---|---|
Report Name | Bottled Water Market |
Market Size in 2023 | USD 377.32 Billion |
Market Forecast in 2032 | USD 693.68 Billion |
Growth Rate | CAGR of 7% |
Number of Pages | 110 |
Key Companies Covered | Mountain Valley Spring Company, Groupe Danone, PepsiCo Inc., Suntori Beverage & Food Ltd., Unicer—Bebidas SA, Grupo Vichy Catalan, Nestle Waters, Icelandic Water Holdings ehf, The Coca Cola Company, and CG Roxane, LLC among others |
Segments Covered | By Source, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the global bottled water market is segmented as North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is leading the global bottled water market and is anticipated to retain its influence in future mainly owing to rising population and high demand from India and China. Latin America is also anticipated to grow at a rapid pace owing to the setup of bottled water manufacturing facilities on a large scale in this region.
Some of the major players dominating the global bottled water market are
The Bottled Water Market is segmented as follows:
FrequentlyAsked Questions
Increasing demand from rising population and inefficient water supply management in certain residential areas are driving the global bottled water market. Rising trend for healthy lifestyles and wide utilization of bottled water for activities such as trekking and other sports activities are the major factors responsible for the high demand of the bottled water in the market.
global Bottled Water Market, estimating its value at USD 377.32 Billion in 2023, with projections indicating that it will reach USD 693.68 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7% over the forecast period 2024-2032.
Asia Pacific is leading the global bottled water market and is anticipated to retain its influence in future mainly owing to rising population and high demand from India and China.
Some main participants of the bottled water market Mountain Valley Spring Company, Groupe Danone, PepsiCo Inc., Suntori Beverage & Food Ltd., Unicer-Bebidas SA, Grupo Vichy Catalan, Nestle Waters, Icelandic Water Holdings ehf, The Coca Cola Company, and CG Roxane, LLC among others.
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