IMARC Group, a leading market research company, has released a report titled “Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global bottled water market size reached US$ 237.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 364.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
Bottled water, a convenient and reliable source of clean, safe drinking water, has become an integral part of the global beverage landscape. Typically sourced from natural springs, wells, or meticulously purified municipal water supplies, bottled water offers consumers a portable and consistent hydration solution. It is celebrated for its purity, high quality, and reliable taste profile, making it the preferred choice for individuals constantly on the move or those seeking an alternative to tap water.
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Bottled Water Market Trends and Drivers:
The global bottled water market has experienced a remarkable surge in recent years due to the shifting consumer preferences. Health-conscious individuals are increasingly seeking alternatives to sugary and calorie-laden beverages, leading them to embrace bottled water as a refreshing, calorie-free hydration option. As a result, the industry has capitalized on this trend, positioning bottled water as a natural and health-conscious choice. In addition, environmental concerns have also significantly shaped the bottled water market. In response to growing apprehensions about plastic waste, the industry has taken proactive measures to adopt sustainable practices and materials. Many bottled water companies are transitioning to eco-friendly packaging, incorporating innovations such as recycled PET bottles and lightweight designs aimed at reducing their carbon footprint. Additionally, the industry is actively engaged in initiatives such as bottle collection and recycling programs, underlining its commitment to addressing environmental issues while maintaining its commitment to delivering clean water. Furthermore, the global bottled water market is experiencing geographical expansion as companies explore untapped markets and regions where demand for bottled water is surging. Emerging economies have become critical battlegrounds for market players, driven by factors such as rising disposable incomes, rapid urbanization, and evolving lifestyles that encourage greater consumption of bottled water. Companies are leveraging their distribution networks and deploying targeted marketing strategies to establish a strong presence in these burgeoning markets, strengthening their position in the global bottled water industry.
Report Segmentation:
The report has segmented the market into the following categories:
Market Breakup by Product Type:
Still
Carbonated
Flavored
Mineral
Market Breakup by Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Direct Sales
On-Trade
Others
Market Breakup by Packaging Type:
PET Bottles
Metal Cans
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Bisleri International Pvt. Ltd.
Danone S.A.
Gerolsteiner Brunnen GmbH & Co. KG
Nestle S.A.
Nongfu Spring (Yangshengtang Co. Ltd.)
Otsuka Pharmaceutical Co. Ltd.
PepsiCo Inc.
Primo Water Corporation
Tata Consumer Products Limited
The Coca-Cola Company.
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