The global Bottled Water Market is expected to be valued at USD 506.55 billion by 2028 from USD 218.24 Billion in 2020, registering a CAGR of 11.4% through the forecast period. The exponential expansion of the market can be accredited to the augmenting consciousness about the advantages of bottled water for health, availability of different flavors, and convenience of use. Bottled water can either be carbonated or not and is available in plastic and glass packaging. The increasing apprehension about the nutritional benefits conferred by bottled water has propelled its use among the younger generation, in turn, driving the market growth.
The escalating inclination towards the bottled water
has also led to numerous restaurants offering packaged water to cater to the
growing consumer demand. Furthermore, the stringent regulatory policies laid
down by the FDA for bottled water have increased the confidence of consumers on
such products. The advent of the COVID-19 pandemic also acted as a market
growth factor as the demand for bottled water saw a massive surge in the
initial phase of the pandemic with widespread lockdowns, increasing
consciousness about health, and stockpiling attitude among the consumers.
The surging increase of the health and wellness trend
among the consumers has also added to the market expansion. However, the
environmental and health risks associated with the use of bottled water may
potentially impede market growth. The inefficient recycling of plastic bottles
and the increasing amount of energy used during processing and shipping are key
market restraining factors. Moreover, high operational costs of the
manufacturing units are also projected to impede the market expansion during
the projected timeframe.
The
Bottled Water market has been segmented into key regions of the world and
offers an analysis of growth rate, market share, market size, current and
emerging trends, production and consumption ratio, industrial chain analysis,
demand and supply, import and export, revenue contribution, and presence of key
players in each region. A country-wise analysis of the market is offered in the
report to gain a better understanding of the regional spread and progress of
the Bottled Water market.
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Competitive Landscape:
The research report offers details about leading
companies in the global Bottled Water market along with global position,
financial standing, license agreement, products and services portfolio and
revenue contribution of each market player. Key players in the market are
focusing on adopting various strategies such as mergers and acquisition,
business expansion plans, new product launches, partnerships, collaborations,
joint ventures to enhance their product base and gain robust footing in the
market.
Market Dynamics:
Increasing consumer inclination towards functional, organic
and probiotic-based food & drinks is providing impetus to the growth of
global food and beverage industry. Various studies have come with health
benefits associated with “ethnic” and organic food products. These foods
improve cardiovascular health, improves arthritis, digestive issues, and other
inflammatory conditions. Consumers are gradually focusing on mindful eating and
consuming food for health and wellness. Changing eating and dietary patterns of
consumers is prompting brand owners and new entrants to introduce healthy foods
options. Several clean-label products have been introduced in the market and
consumer curiosity for new products is immense
Growing middle class consumers with rising
income in developing countries such as India and China will boost food &
beverage market growth. Moreover, increasing consumer preference for procuring
food and beverage items from online platforms due to variety, cost and
time-saving will foster market size through 2028.
Some of the Leading
Market Players Are Listed Below:
·
The Coca-Cola Company,
·
Nestle,
·
PepsiCo,
·
Primo Water Corporation,
·
FIJI Water Company LLC,
·
VOSS WATER,
·
RHODIUS Mineralquellen
und Getränke GmbH & Co. KG,
·
Bisleri International
Pvt. Ltd.,
·
Danone S.A.,
·
Nogfu Spring,
·
Gerolsteiner Brunnen GmbH
& Co. KG.
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Market
Segmentation:
The
Global Bottled Water Industries are also studied based on leading segments, and
examines dominant product and application segments in detail. The report aims
to help reader’s benefits from the growth prospects existing in the market in
the global Bottled Water industries. It offers key information on drivers and
restraints influencing the leading segments in the global Bottled Water
industries.
Bottled Water Market
Segmentation based on Product Types:
- Purified
- Sparkling
- Still
- Mineral
Bottled Water Market
Segmentation based on Category Outlook:
- Plain
- Flavored
Bottled Water Market
Segmentation based on Distribution
Channel Outlook:
- Off-trade
- On-trade
For comprehensive
coverage, the report discusses growth prospects, opportunities, and challenges.
The market report considers various key factors across the leading regions.
Bottled Water Market
Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key Features of the global Bottled Water Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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Key questions addressed in the Report:
· Which
key players are operating in the global Bottled Water market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Bottled Water market expected to reach throughout the
forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2028?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Bottled Water market expected to register during the
forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Bottled Water
market?
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