Market Research Future Insights
According to MRFR analysis, the Global Bottled Water Market is expected to register a CAGR of~6.80% from 2022 to 2030 and hold a value of over USD 512.53 million by 2030.
The global bottled water market refers to the industry that encompasses the production, distribution, and sale of bottled water on a worldwide scale. Bottled water refers to drinking water that is packaged in bottles and sold for consumption. The market is characterized by a wide range of product offerings from both large multinational corporations and smaller regional or local brands. These companies compete on factors such as brand reputation, product quality, packaging innovation, pricing, and distribution networks.
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During the pandemic, there was a surge in consumer demand for bottled water. This can be attributed to various factors such as increased emphasis on hygiene, concerns about the safety of tap water, and stockpiling behavior. Consumers turned to bottled water as a trusted source of clean and safe drinking water.
Key Players
Some of the key market players are CG Roxane LLC, Icelandic Glacial, Vichy Catalan Corporation, Bebidas SA, SUNTORY BEVERAGE & FOOD LIMITED, Mountain Valley Spring Company, The Coca-Cola Company, PepsiCo, Danone, Nestle Waters
Market Segmentation
The Global Bottled Water Market has been segmented into type and application.
Based on the type, the market has been segmented into water, carbonated water, flavored water and functional water
Based on the application, the market has been segmented into filter bottle washers, filler & capper, blow molder and shrink wrapper.
Regional Analysis
The largest region in the global bottled water market is Asia-Pacific. Asia-Pacific is home to some of the most populous countries in the world, including China and India. The growing population, along with increasing urbanization and disposable income, drives the demand for bottled water.
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The expanding middle class in countries like China, India, and Southeast Asian nations has led to increased consumption of bottled water. As disposable incomes rise, consumers are willing to spend on premium and branded bottled water products.
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