Bottled Water Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Bottled Water Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The bottled water packaging market will register at a CAGR of 7.10% over the forecast period. The packaged water industry, and by extension the bottled water packaging industry, is growing quickly as public awareness of the importance of clean drinking water rises. Additionally, the use of recyclable polymers in the production of bottles is making a good impact on consumers.

Key Highlights

• The rise in awareness about consuming safe water for a healthy life and contaminated tap water is creating a huge market opportunity for bottled water, which, in turn, will create a positive outlook on the bottled water packaging market.
• Moreover, bottled mineral water is purified and fortified with dissolved minerals, providing added health benefits to consumers. The innovative designs and new packaging solutions have contributed to packaging and weight reduction improvements. Hence, acting as the driver for the bottled water packaging market.
• However, environmental regulations imposed by the government due to improper disposal of plastic bottles will likely curb the bottled water packaging market size during the forecast period.
• Moreover, Bottled water packaging highly depends on the weight and handiness of the bottle, and plastic fulfills its requirement to the fullest. Developments in the packaging process and several packaging alternatives are anticipated to drive the bottled water packaging market during the forecast period.
• The global bottled water packaging market was negatively impacted by COVID- 19. The transportation and tourism sectors' inactivity caused a substantial decline in the demand for packaged drinking water and water packaging bottles. While some mineral water businesses began home delivery and shifted to the online market, there was very little demand. However, the popularity of packaged drinking water has grown over time because it can prevent the spread of viruses by limiting people's interaction with public water sources.

Key Market TrendsPlastic Packaging to Dominate the Market

• Plastics are the most popular materials for manufacturing water bottles. They occupy 97.3 % of the global bottled packaging market, and glass occupies the rest. Plastic containers are inexpensive, lightweight, and durable materials for manufacturing containers. Polyethylene terephthalate (PET) is the most commonly used type of plastic and is also 100% recyclable.
• According to the National Association of Container Distributors, the push for lightweight packaging from consumers and businesses is spurring the growth of polyethylene terephthalate. Moreover, lightweight has been a focal point of the bottled water sector. According to the International Bottled Water Association, the average weight of a 16.9-ounce PET (half-liter) plastic bottle has dropped 48% to 9.89 grams from 2000 to 2014. This drop in weight is creating a bottled water plastic packaging market.
• Moreover, Innovative packaging technologies have developed lightweight and durable plastic water packaging bottles that are positively impacting the market. Furthermore, packaging containers having a low carbon footprint and recyclable material will further drive the growth of the global bottled water packaging market.
• Further, manufacturing advancements and lowering operational costs, resins, and packaging are pacing the industry’s growth. Low feedstock costs are encouraging the utilization and adoption of plastic bottle packaging.
• Moreover, by focusing on customers, brand owners are pushing design innovations in plastic bottling that are unparalleled in the rest of the packaging sector, such as weight savings in transport and manufacturing. The factor is fueling the bottled water plastic packaging market.

North America Held the Maximum Share in the Market

• According to the International Bottled Water Association (IBWA) and the Beverage Marketing Corporation (BMC), Americans drink more bottled water than any other packaged beverage. Health awareness, a higher standard of living, and rising demand and consumption of bottled water are some of the major driving factors of bottled water packaging in North America.
• Moreover, in developed economies, like the United States and Canada, available water is becoming a major commercial and popular beverage category, as it is an appealing option for health-conscious consumers. Hence, the factor is augmenting the bottled water market.
• Moreover, the initiative for waste management systems is plateauing in their ability to increase post-consumer collection of PET bottles. For instance, Nestle Waters is piloting schemes to improve plastic collection and sharing what they find to assess their scale-up and replicability, from technical interventions, like reverse vending machines, to building an extended producer responsibility system.
• Such initiatives make the North American region dominate the bottled water packaging market. For instance, In March 2021, Nestle, the leading multinational food & beverage company, announced the acquisition of Essentia Water, a premium bottled water brand, to strengthen its premium alkaline water business.

Competitive Landscape

The bottled water packaging market is fragmented and competitive because of major players. The key players in the bottled water packaging market are Amcor Ltd, Plastipak Holdings, Ball Corporation, and Sidel International, among others. The bottle manufacturers also invest in advertising and marketing campaigns to capture a larger customer base and a high industry share.

• July 2022 - Sidel International has introduced Aseptic Predis X4 s, an integrated blow-fill-cap solution incorporating consolidated Predi dry preform sterilization, making it ideal for the growing market of sensitive PET bottles.
• July 2022 - Amcor Limited has launched samples of spirits bottles made of recyclable polyethylene terephthalate (PET) that meet the newly approved U.S. Tax and Trade Bureau (TTB) sizes. Amcor’s new offering has been developed to provide customers with the freedom and flexibility to explore new markets

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.