Global Bottled Water Market Size and Forecast (2018-2028)

Global Bottled Water Market Size and Forecast (2018-2028)

Executive Summary

The Bottled Water Market has witnessed remarkable growth, experiencing a staggering 73% increase over the past decade. Globally, more than 1 million bottles are sold every minute, making it a pivotal contributor to the world's financial landscape in terms of growth rate, market share, and sales generation. The surge in demand for bottled water can be attributed to heightened awareness of waterborne diseases, including malaria, typhoid, diarrhea, and food poisoning. This growing concern has significantly propelled the market forward. Furthermore, the rise in urban population, an upswing in disposable income, improved standards of living, and the adoption of eco-friendly materials for bottles have played crucial roles in fostering the expansion of the Bottled Water Market. The market's resilience and adaptability to changing consumer preferences underscore its importance in the contemporary global economy. The Bottled Water Market is indeed thriving, driven by a convergence of factors that continue to shape its trajectory.

The demand for sparkling and flavoring drinking water is registering significant growth over the past few years, especially in developed countries. Sparkling and flavoured water have no calories, and no sweeteners, and are especially popular among younger demographics who are trying to cut back on carbonated and sugary drinks. The Sparkling Bottled Water Market is predominantly led by Europe, capturing over 75% of the global market share.

The average wholesale price per gallon of domestic non-sparkling bottled water in 2021, according to the Beverage Marketing Corporation (BMC), was USD 1.23. Despite requiring only water as a basic ingredient, bottled water saw historically high off-trade unit price rise of 3% in 2022. With the arrival of summer, the cost of water bottles increased.

Surging global bottled water consumption reflects the failure by governments to improve public water supplies which is putting the U.N. sustainable development goal of safe drinking water by 2030 under threat. The bottled water market saw 73% growth from 2010 to 2020, and consumption increased to around 350 billion liters in 2021.

Several new products are launched every year due to the increasing demand of bottled water. Danone-AQUA, Indonesia's largest bottled water company, debuted AQUA LIFE in January 2022, supplying healthy ingredients of water and drinks while protecting environment and the country's resources in PET bottles made of 100% recycled material.

Performance of Global Bottled Water Market Segments:

By Geography: Asia Pacific is the largest bottled water market, with considerable growth in countries like China and India due to increased health awareness and demand for on-the-go hydration. Geographically, China held the greatest market share of the Asia Pacific packaged drinking water industry, accounting for 45% of sales.

By Product: The majority of the market is dominated by Treated Water, Mineral Water and Spring water. When compared to spring or mineral water, treated water has a significant market share. Spring water, on the other hand, is the fastest expanding section of the bottled water industry. This can be attributed to a variety of causes, including rising demand for healthier beverage alternatives, the convenience of bottled water, and a desire for water with a milder flavour.

Future Outlook:

There has been an increase in hygiene awareness, as well as an increase in health consciousness among individuals all across the world. The demand for functional bottled water is increasing. This aspect is also fueling a slew of new product introductions in the global bottled water industry. Consumers appreciate these new items because of their ease, improved flavour, and functional benefits. Furthermore, consumer choice shifts from aerated beverages to bottled water have driven demand for flavoured and functional water.

The total amount of liquid used annually will stay steady, resulting in overall volume growth in accordance with population growth, while bottled water will expand significantly faster. Most other beverage categories, including coffee, fruit beverages, and tea, are expected to develop far more slowly than bottled water, which is poised to set a new per capita consumption high in the coming years.

The Global Bottled Water market is one of the most thriving sectors, with considerable growth expected by the end of the current decade if present trends continue. Increased disposable money, a weak public water distribution system, infrastructure, increasing sports activity, rise in tourism are all factors leading to such rapid expansion.

Scope of the Study:

The report "Bottled Water Market Analysis: Size, Share and Forecast (2018-2028)- Segmentation by Product & Geography" by Makreo Research examines the bottled market in particular. The study analyses market demand and production data for bottled together with a thorough analysis of historical and current industry trends. The study analyses the market by region, including North America, Europe, Asia-Pacific and Middles East. The report contains a good balance of macroeconomic and microeconomic analysis, both qualitative and quantitative. The competition has also been carefully examined in terms of significant M&A transactions that have occurred in the market and recent financial infusions.

The report examines the bottled market in terms of market revenue and further breakdown into market segmentation:

By Geography

Asia Pacific

North America

Europe

Middle East and Africa

By Product Segmentation

Treated water

Sparkling water

Mineral water

Spring water

Well and Artesian well water

Glacier water

Company’s Covered

Nestle Waters

Danone, Dasani

Aquafina

Galceau Smartwaters

Poland Spring, Ozarka

Fiji Water

Bisleri International

Tingyi/Master Kong

VOSS Water

Nongfu Spring

Key Questions Answered

How the global economy is performing?

How big is the Global bottled water market?

At what rate bottled water market revenue grew in the past and what is the present state of the industry?

How global bottled water market is segmented and what are the dominating and rapidly evolving segments?

What are the major driving factors accounted for a push to the industry in the past?

Which region dominates the Global Bottled Water Market?

What are the major challenges present in the Global Bottled Water market?

What is the present pricing scenario of Bottled Water?

What is the expected future of the Global Bottled water market?

Who are the major players operating in the bottled water market and how these players are contributing to the industry?

Which region dominates the Global Bottled Water Market?

What is the investment scenario in the industry?