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![Bottled Water Market 2023 | Industry Scope, Size, Trends, Growth & Forecast 2028](https://s3.us-west-2.amazonaws.com/timessquarereporter.com/upload/media/posts/2023-06/13/bottled-water-market_1686647706-b.jpg)
IMARC Group, a leading market research company, has recently released a report titled “Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global bottled water market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Bottled Water Industry?
According to the report, 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.
What is Bottled Water?
Bottled water represent sealed water in food-grade bottles that are intended for human consumption. They are available in still, carbonated, flavored, and mineral product types that are packed in polyethylene terephthalate (PET) bottles and metal cans. These bottled water products have a considerable amount of total dissolved solids (TDS) or dissolved minerals as compared to regular water. They adequately treated and disinfected using filtration, ozone and ultraviolet (UV) treatment, and reverse osmosis (RO) and are then packaged in bottles, pouches, and glass for safe consumption. Consequently, bottled water variants are in widespread demand among consumers across the globe.
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What are the growth prospects and trends in the Bottled Water industry?
The escalating prevalence of several water-borne diseases and the elevating awareness about the health hazards of carbonated drinks are among the key factors driving the bottled water market. In addition to this, the shifting consumer preferences toward premium water bottles in restaurants, hotels, and cafes and the increasing product usage for travel and tourism activities, owing to its convenience and ease of carrying, are acting as significant growth-inducing factors. Furthermore, the introduction of sparkling and flavored products by leading market players to expand their portfolio is also positively influencing the global market. Apart from this, the inflating expenditure on advertising campaigns and celebrity endorsements to improve brand visibility among consumers is further stimulating the market growth. Moreover, the development of specialized test kits by manufacturers that help analyze the quality of the packed water and the growing product availability in an extensive range via numerous online retail stores are expected to propel the bottled water market over the forecasted period.
What is included in market 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/bottled-water-market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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