The global Bottled Water Market is expected to be valued at USD 506.55 billion by 2028 from USD 218.24 Billion in 2020, registering a CAGR of 11.4% through the forecast period. The exponential expansion of the market can be accredited to the augmenting consciousness about the advantages of bottled water for health, availability of different flavors, and convenience of use. Bottled water can either be carbonated or not and is available in plastic and glass packaging. The increasing apprehension about the nutritional benefits conferred by bottled water has propelled its use among the younger generation, in turn, driving the market growth.
The escalating inclination towards the bottled water has also led to numerous restaurants offering packaged water to cater to the growing consumer demand. Furthermore, the stringent regulatory policies laid down by the FDA for bottled water have increased the confidence of consumers on such products. The advent of the COVID-19 pandemic also acted as a market growth factor as the demand for bottled water saw a massive surge in the initial phase of the pandemic with widespread lockdowns, increasing consciousness about health, and stockpiling attitude among the consumers.
The surging increase of the health and wellness trend among the consumers has also added to the market expansion. However, the environmental and health risks associated with the use of bottled water may potentially impede market growth. The inefficient recycling of plastic bottles and the increasing amount of energy used during processing and shipping are key market restraining factors. Moreover, high operational costs of the manufacturing units are also projected to impede the market expansion during the projected timeframe.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3820
Key companies operating in the market include:
Key Highlights from the Report:
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3820
For the purpose of this report, Reports and Data has segmented the global Bottled Water Market on the basis of product type, category, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Category Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
To know more about the report @ https://www.reportsanddata.com/report-detail/bottled-water-market
Regional Outlook (Revenue, USD Billion; 2018-2028)
Key Questions Answered in the Report:
Thank you for reading our report. For further query or inquiry, kindly get in touch with us and our team will ensure your requirements for the reports are met.
Explore Our Related Reports :
Spices and Seasonings Market Size, Share & Analysis, By Type (Salts & Salt Substitutes, Hot Spices, Aromatic Spices, Others), By End-User (Food Processing, Catering, Households, Others), And By Region, Forecast To 2027
Pork Meat Market Size, Share & Analysis, By Type (Chilled, Frozen, Others), By Application (Household, Commercial), And By Region, Forecast To 2027
Processed Potatoes Market Size, Share & Analysis, By Type (Frozen, Chips & Snack Pellets, Dehydrated, Others), By Application (Snacks, Ready-To-Cook & Prepared Meals, Others), By Distribution Channel (Foodservice, Retail, Others), And By Region, Forecast To 2027
Cappuccino Foaming Coffee Creamer Market Size, Share & Analysis, By Type (Coconut Based Products, Palm Based Products), By Application (Coffee, Chocolate Drinks, Milk Tea, Others), And By Region, Forecast To 2027
Barley Market Share and Overview, Outlook by Nature (Organic, Inorganic), by Type (Hulless, Covered Size,, Six-row barley, Two-row barley), by Grade (Food grade, Malt grade, Feed grade), by Application (Animal feed, Food & Beverages, Seed Industry, Nutraceuticals, Others), by Region, Competitive Strategies and Segment Forecasts, 2016-2026
Jewelry Market @ https://www.reportsanddata.com/report-detail/jewelry-market
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://reportsanddata.com/blog/top-8-food-industry-trends