To understand the Bottled Water Industry Status worldwide, Fact.MR has included the latest Forecast report titled “Bottled Water Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, to its vast database. This study offers data about the prime regions operating in the Bottled Water Market sector, along with their production, consumption, revenue and market share details. Further, the intelligent report also anticipates that the market would grow at a constructive CAGR until 2022.
Bottled water is the packaged drinking water, which is purified and is free from contamination. Available in glass as well as plastic water bottles, it is the most convenient way to enable a human body in fulfilling its hydration requirements. Bottled water can be easily found in supermarkets, and nearby retail stores. Bottled water is portable, and is handy, making it convenient to use.
There has been a rise in awareness about hygiene, coupled with the growth in health consciousness among people across the globe. Demand for the functional bottled water is witnessing a surge. Governments are focusing on the development of public water infrastructure, in a bid to render safe drinking water supply to consumers. Leading manufacturers of bottled water are concentrating on the introduction of new products, with new flavors and health benefits. This factor is further leading towards numerous product launches in the global bottled water market. The consumers are preferring these new products on the back of their convenience, better taste, and functional benefits. In addition, the shifts in preferences of consumers from aerated drinks to bottled water has accelerated demand for flavored and functional water worldwide. The aforementioned factors might influence growth of the market in the upcoming years.
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Growth of the market is also being propelled by soaring healthcare awareness concerning waterborne diseases including typhoid, malaria, food poisoning, and diarrhea. Lifestyle patterns of consumers is changing continuously, along with their inclination toward more convenient water and food sources for saving time. However, approval of bottled water involves stringent regulations. The tap water is available at a comparatively lower cost than bottled water, and introduction and availability of home water treatment technologies have been impacting demand for bottled water. Moreover, utilisation of plastic bottles results into neurological disorders and behavioral problems in children, owing to the presence of harmful chemicals such as BPA – bisphenol A. These factors are expected to hinder demand for bottled water in the near future. A new report by Fact.MR projects the global bottled water market to expand at a moderate CAGR through 2022. Global sales of bottled water will exceed revenues worth US$ 200,000 Mn by 2022-end.
Europe to Continue its Dominance in Global Bottled Water Market
Region-wise, Europe will dominate the global bottled water market in 2017, and this trend is estimated to continue over the forecast period. North America is expected to hold its position as the second largest market for bottled water. In addition, the market for bottled water in Asia-Pacific excluding Japan (APEJ) will register the fastest expansion through 2022. Huge population, increasing purchasing power and changing lifestyle of people, and strong economic growth are some factors that will accelerate the market growth in APEJ.
Distilled bottled water is expected to emerge as the fastest-selling product in the global bottled water market by 2022-end. Spring bottled water will continue to be the largest product segment in the market, with sales projected to exceed US$ 45,000 in revenue by 2022-end.
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In terms of revenues, wholesales/distributor is poised to remain the largest sales channel for bottled water, followed by supermarket/hypermarket throughout the forecast period. On the basis of size, sales of <300 ml bottled water are expected to account for the largest revenues in the market by 2022-end, followed by sales of >5 liter bottled water.
Although glass will continue to be the preferred packaging type for bottled water, sales of PET bottled water are estimated to register the fastest expansion through 2022. In addition, sales of glass bottled water will reach approximately US$ 100,000 MN by 2022-end.
10 Key Estimations on Future of Global Bottled Water Market
1- Glass is projected to remain preferred packaging type of bottled water in the global market. Revenues from glass bottled water sales are expected to account for nearly US$ 100,000 Mn by 2022-end.
2- PET bottled water sales are projected to exhibit the highest CAGR through 2022, based on packaging type.
3- Wholesales/distributor is expected to retain its position as the most lucrative sales channel in the global bottled water market, followed by supermarket/hypermarket during 2017 to 2022.
4- Based on size, <300 ml bottled water sales will account for the largest revenues share of the market during the forecast period, followed by >5 liter bottled water.
5- Sales of spring bottled water, which is estimated to remain the most lucrative product in the market, are expected to surpass revenues worth US$ 45,000 Mn by 2022-end.
6- Distilled bottled water is estimated to exhibit the highest CAGR in the market through 2022, based on product type.
7- In 2017, Europe will dominate the global market for bottled water, and the trend will continue to prevail through 2022.
8- North America will stick to its position of being the second largest bottled water market.
9- Asia-Pacific excluding Japan (APEJ) is expected to exhibit the highest CAGR in the market through 2022. This is mainly attributed to presence of huge population, strong economic growth, and rising purchasing power of people in the region.
10- Key market players listed in Fact.MR’s report include Bisleri International Pvt. Ltd., Nestle S.A, Voss of Norway ASA, Fiji Water Company LLC, Mountain Valley, Evian, and PepsiCo, Inc.
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Competition Tracking
Fact.MR’s report lists key players in the global bottled water market, which include PepsiCo, Inc., Societe des Eaux Minerales d'Evian SA, Mountain Valley, Fiji Water Company LLC, Voss of Norway ASA, Nestle S.A, and Bisleri International Pvt. Ltd.
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