The global bottled water market size was US$ 301.7 billion in 2021. The global bottled water market size is forecast to reach US$ 515.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.
Bottled water is purified and contaminant-free drinking water that has been packaged. It comes in plastic and glass water bottles. In addition, it is the most convenient way for the body to meet its hydration requirements, as it is readily available in local retail stores and supermarkets.
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Factors Influencing Market Growth
Among the factors driving the global market include growing awareness about waterborne illnesses, such as malaria, typhoid, diarrhea, food poisoning, and others.
The rising problem of various health-related issues, such as gastrointestinal diseases, neurological disorders, and reproductive problems, boost the need for clean and hygienic bottled water. This factor is forecast to boost the global market growth.
Factors such as the rising urban population, increasing disposable income, advancement in the standard of living, and the emergence of eco-friendly materials for bottles fuel the global market growth.
The growing tries to decrease the environmental pollution generated by the inappropriate disposal of plastic water bottles may slow down the overall market growth.
The rising need for flavored bottled water due to its fruit essence and artificial sweeteners ranges growing the popularity of flavored bottled water among consumers. This factor is likely to rise flavored bottled water sales. Thus, offering lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global bottled water market. Governments worldwide imposed a lockdown to stop the spread of the deadly virus. As a result, manufacturers had difficulty processing bottled water. However, the demand for bottled water rose and originated from the stockpiling perspective of consumers in the uncertainty of lockdowns and scarcity. Nevertheless, this trend declined, and a decrease in the tourism sector also decreased the demand for bottled water.
Regional Insights
The Asia Pacific region garnered the major market share in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the rising need for bottled water in countries such as China, India, Japan, Australia, and others. In addition, manufacturers globally find Asia-Pacific as an opportunistic market due to affordable labor costs, lower cost of setting up manufacturing units, and low bottled water costs. Thus, these factors boost the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global bottled water market are:
PepsiCo Incorporated
Nestle Waters
The Coca Cola Company
Hangzhou Wahaha Group Co., Limited
Danone
Icelandic Glacial Incorporated
Niagara Bottling, LLC
Nongfu Spring
Norland International
VOSS of Norway AS
Other Prominent Players
Scope of the Report
The global bottled water market segmentation focuses on Product Type and Region.
Segmentation based on Product Type
Flavored Bottled Water
Still Bottled Water
Carbonated Bottled Water
Functional Bottled Water
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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