Beijing, October 27, 2021 (GLOBE NEWSWIRE) – The world bottled water market size was valued at $ 207.7 billion in 2020. Bottled water is intended for human consumption and sealed in food grade bottles. The growing awareness of the adverse effects of consuming contaminated water is driving the growth of the global bottled water market across the globe. The increasing penetration of the restaurant industry, the increasing penetration of the organized retail sector and the demand for a healthy and active lifestyle are significantly propelling the growth of the global bottled water market. Growing urban population, increase in personal disposable income, improvement in standard of living and development of environmentally friendly materials for bottles are the crucial factors responsible for the growth of bottled water market in the world. Growing government initiatives to promote the adoption of environmentally friendly and sustainable packaging are expected to boost demand for biodegradable bottled water.
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The crucial factors responsible for the growth of the market are:
- Growing urban population
- Growing awareness of health
- Personal disposable income on the rise
- Growing government initiative to reduce plastic waste
- Increase in water consumption per capita
- Growing awareness of waterborne diseases
- Shortage of drinking water
- Rapid penetration of the organized retail sector
Scope of Bottled Water Market Report
|Cover of the report||Details|
|Market size||$ 500.7 billion by 2030|
|Rate of growth||9.2% CAGR from 2021 to 2030|
|The biggest market||North America|
|Fastest Growing Market||Asia Pacific|
|Companies mentioned||The Coca Cola Company, Nongfu Spring, VOSS Water, Fiji Water Company, Danone, Primo Water Corporation, NestlÃ©, Otsuka Pharmaceutical Co. Ltd., PepsiCo,|
Asia-Pacific is the dominant and fastest growing market for bottled water during the forecast period. Asia-Pacific is characterized by huge population, increased demand for clean water, massive youth population, growing health awareness and increasing incidence of water contamination due to rapid industrialization. These are the main factors that are expected to exponentially increase the demand for bottled water in the region. In addition, the region is expected to experience rapid growth in quick service restaurants and other food service units over the next several years. These restaurants and catering units play an important role in the sales of bottled water.
North America and Europe are characterized by increased disposable income, increased health awareness, improved standard of living and increased awareness of organic products. According to the Organic Trade Association, the United States saw record sales of organic food and organic non-food products in 2020. Therefore, this trend is expected to continue for the foreseeable future and hence demand for organic products. and respectful of the environment. Packaging solutions will dominate the North American bottled water market throughout the forecast period.
Driver – The growing popularity of organic, compostable and biodegradable bottles is expected to be a major driver of the global bottled water market. Increased consumer awareness of deteriorating environmental conditions due to the intensive use of conventional plastic waste. Therefore, the demand for eco-friendly bottles is expected to drive demand, especially in developed regions like Europe and North America.
Constraints – Improper disposal of plastic bottles is a major factor responsible for the accumulation of plastic waste that takes millions of years to decompose and is a major water pollutant. Rising consumer awareness of water pollution from plastic waste may hamper bottled water sales during the forecast period.
Opportunities – The latest and most innovative technologies are used to convert natural plant sugar into PET plastic bottles for water conditioning. Companies like The Coca Cola Company are adopting 100% plant-based materials for fully recyclable and environmentally friendly bottles. These latest developments are expected to pave the way for the future growth of the global bottled water market.
Challenges – Growing health awareness among consumers may lead to a decrease in demand for sparkling water or sparkling water. Carbonated water can lead to digestive issues, weight gain, and other health issues. It is a challenge for manufacturers to maintain revenue streams for the sparkling water segment.
Highlights of the report
- On the basis of the product, the purified water segment dominated the global bottled water market in 2020 due to the increased penetration of desalination plants across the globe. The easy availability and increasing penetration of catering units are the main factors leading to increased consumption of purified water by consumers.
- By distribution channel, the Others segment is estimated to be the most opportunistic segment throughout the forecast period. This is mainly attributed to the growing popularity of online food delivery platforms such as Swiggy and Zomato. The growing adoption of smartphones and the growing number of internet users across the world are expected to drive the growth of this segment during the forecast period.
By distribution channel
- Supermarkets & Hypermarkets
- Convenience Stores
- North America
- Asia Pacific
- South Korea
- Rest of the world
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