The bottled water market has experienced significant growth in recent years due to growing awareness about the health benefits of consuming purified water. Bottled water helps provide hydration and reduces the risks of waterborne diseases. It is considered a safer alternative to tap water in regions with inadequate water treatment facilities. Bottled water is available in various packaging types including plastic bottles, glass bottles, and others. Plastic bottles dominate the market share as they are cheaper, lightweight, and portable. However, growing environmental concerns related to plastic waste are boosting the demand for alternatives like aluminum cans and glass bottles.
The Global bottled water market is estimated to be valued at US$ 370.81 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Key players operating in the bottled water are 3M, Armolan, Avery Dennison Corporation, Eastman Chemical Company, HYOSUNG CHEMICAL, Johnson Laminating and Coating, Inc., LINTEC Corporation, Nexfil Co., LTD., Rayno Window Film, Saint-Gobain Performance Plastics, and Toray Industries, Inc.
Key Takeaways
Key players: 3M is a global leader in the production of Bottled Water Market Trends label films. Armolan offers high-quality PET preforms and bottles. Avery Dennison is a major supplier of water bottle labels.
Key opportunities: Growing health consciousness in developing nations and demand for eco-friendly packaging present significant growth prospects. Emerging economies in Asia Pacific and Latin America with increasing per capita income levels are anticipated to be lucrative markets.
Global Expansion: Key players are expanding their manufacturing facilities globally to cater to growing international demand. For instance, HYOSUNG CHEMICAL inaugurated a new bottled water plant in Argentina in 2022. Saint Gobain acquired British firm Structoplast Ltd. to strengthen its position in the UK bottled water market.
Market drivers: Rising health awareness, changing lifestyles, and growing mistrust in tap water quality are major drivers for the bottled water industry. In developing countries, lack of basic drinking water infrastructure also drives demand.
Market restraints: Stringent government regulations restricting plastic packaging usage may hamper market potential. High production and transportation costs of bottled water compared to tap water limit widespread adoption. Concerns around plastic waste and recycling remain a key environmental challenge.
Segment Analysis
The segmented bottled water market comprises of still water, sparkling water, flavored water. Still water dominates the bottled water market accounting for nearly 80% share owing to increasing health consciousness and preference for healthy lifestyle. Still water is considered a healthier alternative to sugary drinks and people are opting for it to stay hydrated.
Global Analysis
Regionally, Asia Pacific dominates the global bottled water market and is estimated to grow at the fastest pace during the forecast period. This is attributed to changing lifestyles, increasing disposable incomes and rising health awareness. Countries like China and India with burgeoning population forms a major chunk of market in the region. North America stands as the second largest market for bottled water driven by busy lifestyles and health consciousness. Bottled water companies are focusing on these two regions to expand their market presence. Key players are investing in advanced technology for production and packaging to appeal to customers and boost sales.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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