” Another business knowledge Report released by Data Bridge Market Research with title Global Bottled Water Market – Industry Trends and Forecast to 2029 Geography, By Type (Purified Water, Mineral Water and Sparkling/Carbonated Water), Category (Plain, Flavoured), Distribution Channel (Store-Based, Non-Store-Based), has capacity to become the largest market worldwide as it has remained assuming a momentous job in building up dynamic effects on the general economy.
Data Bridge Market Research analyses that the bottled water market was valued at USD 283.6 billion in 2021 and is expected to reach the value of USD 476.45 billion by 2029, at a CAGR of 6.7% during the forecast period of 2022-2029.
Global Bottled Water Market 2022 Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors. The Bottled Water Market report further covers the extensive analysis of the upcoming progress of the Bottled Water Market. The detailed overview of the market segments, product description, Bottled Water applications is presented in this report. At present, the market is developing its presence
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Market Definition
Bottled water is intended for human consumption and is obtained from a variety of sources, including wells, protected springs, or a public water supply. When compared to regular water, it has a high concentration of dissolved minerals or total dissolved solids (TDS). Before packaging, the bottles are typically treated with ultraviolet (UV) irradiation, which inhibits the growth of pathogenic organisms during storage or transportation. Following disinfection, these bottles are filled with water, labelled, and sold in a variety of sizes ranging from single-serve to large carboys for water coolers.
Global Bottled Water Market Dynamics
Drivers
- Numerous benefits of consuming bottled water
Due to the presence of quinine, a medication used to treat malaria and babesiosis, bottled water is also widely consumed as a healthy drink around the world. This bottled water contains 83 milligrams of quinine per litre and has excellent medicinal properties. Market manufacturers are now offering a diverse range of products with added sugars and flavors. These therapeutic benefits of bottled water are also propelling the product’s demand on a global scale.
- The growing consumption of alcohol and development of additional flavourings
Another factor driving this growth is the use of bottled water in margaritas as a drink enhancer and for soothing dehydration due to its strong taste. Furthermore, children, teenagers, and young adults are drawn to the sparkling effect water under ultraviolet lights. Bottled water appears fluorescent when exposed to direct sunlight because quinine is reactive to UV radiation as a result of its quinine content. Due to its use in cocktail preparations and its medicinal properties, the market is expected to grow steadily over the forecast period. Bottled water manufacturers are expected to develop additional product flavourings over the forecast timeframe.
Opportunity
The rising disposable income of people as a result of industrialization and economic growth is a major driver of the global market for bottled water. Rapid urbanisation also contributes to increased demand, as it has resulted in increased consumption of alcohol, to which bottled water is frequently added. Aside from that, the growing popularity of social media and the internet has also had a positive impact on the market.
Restraints
However, increasing environmental pollution from plastic bottles and a lack of awareness about health issues due to low-cost tap water are among the major factors acting as restraints and will further challenge the bottled water market during the forecast period.
Some of the major players operating in the bottled water market are:
- PepsiCo (US)
- Nestlé, A.G. (Switzerland)
- The Coca-Cola Company. (US)
- CG Roxane, LLC (US)
- Tempo Beverage Ltd (Israel)
- Keurig Dr Pepper Inc. (US)
- Dr Pepper/Seven Up, Inc (US)
- Ferrarelle (Italy)
- SANPELLEGRINO (Italy)
- Reignwood Investments UK Ltd (UK)
- LaCroix Beverages, Inc. (US)
- GEROLSTEINER BRUNNEN GMBH & CO. KG (Germany)
- Mountain Valley Spring Water (US)
This bottled water market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bottled water market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bottled Water Market
Governments’ extensive restrictions worldwide to combat the global coronavirus outbreak have created logistical challenges for the bottled water processing industry. Manufacturers have taken a number of initiatives to support market growth even during the COVID-19 pandemic. The initial months of the lockdown saw an increase in demand for bottled water due to consumers stockpiling in anticipation of lockdowns and scarcity. The trend, however, quickly deteriorated, along with decreased sales caused by global tourism industry setbacks.
Recent Development
- Nestle SA decided in April 2021 to sell its bottled water business in the United States and Canada to private equity firm One Rock Capital Partners for USD 4.3 billion, renaming the company BlueTriton Brands.
- Primo Water Corporation announced the acquisition of Mountain Valley Water Company of Los Angeles in October 2020, increasing the total number of customers to over 8,000.
- Agthia Group PJSC announced the launch of Al Ain Plant Bottle, the region’s first plant-based water bottle, in February 2020. Agthia and Veolia, a global leader in optimised resource management, also signed an agreement to launch a PET water bottle collection initiative in the United Arab Emirates.
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Global Bottled Water Market Table of Contents
Chapter 1 provides an overview of Bottled Water Market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Bottled Water market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Bottled Water Market industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Bottled Water Market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Bottled Water Market, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Bottled Water Market in each region.
Bottled Water Market Research Methodology
Our analysts have used advanced primary and secondary research techniques and tools to compile this report. The research sources and tools that we use are highly reliable and trustworthy. The report offers effective guidelines and recommendations for players to secure a position of strength in the global Bottled Water market.
Primary Research:
The primary sources involves the industry experts from the Global Bottled Water industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
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