Global Bottled Water Market Size to Reach USD 593.02 Billion in 2032 | Emergen Research

Rising concerns over quality and safety of tap water is a major factor driving Bottled Water market revenue growth

Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global bottled water market size was USD Billion 303.56 in 2022 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing knowledge of value of staying hydrated and living healthy is a major factor expected to drive market revenue growth during the forecast period. The bottled water sector fits into sustainable development aim of providing everyone with access to clean water. The investigation only considered bottled water brands that taste nearly identical to tap water obtained from a standard municipal water supply. It is demonstrated that water in bottles is commonly used in both the Global North and the Global South, even though its cost might be greater than that of tap water.

Together, the USA, China, and Indonesia account for 50% of the global market. The largest market in Europe is Germany, followed by Mexico in the LAC area and South Africa in Africa. In terms of annual income and volume of bottled water sales per capita, Singapore and Australia stand out as the leaders, with the USA and China, having substantially lower values.

Some bottled water firms are increasingly employing paper cartons to keep their bottled water, just as juice cartons are used to normally store other packaged liquids such as milk and fruit juice. These are recyclable and use fewer resources and energy to make than plastic water bottles, but they are just as strong and practical to use. Paper cartons are biodegradable when used to package bottled water because paper decomposes quickly, and when only near drinking water, they have no contact with sugars and oils. However, since manufacturers normally just coat the inside with a waterproof liner, paper cartons frequently break when wet.

However, environmental issues brought on by consumption of disposable plastic bottles and its effects on garbage disposal, availability and perception of tap water, and regulatory and compliance factors are restraining market revenue growth.

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Scope of Research

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Major Companies and Competitive Landscape

The global bottled water market is fragmented, with many companies accounting for the majority of market revenue. Major companies are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective bottled waters. Some major companies included in the global bottled water market report are:

• PepsiCo
• Nestlé
• The Coca-Cola Company
• Primo Water Corporation
• FIJI Water Company LLC
• Gerolsteiner Brunnen GmbH & Co. KG
• Voss of Norway
• Nongfu Spring
• Norland International
• Icelandic Glacial

Strategic Development

• On 24 September 2021, the beverage company VOLNAA intends to introduce bottled drinking water in aluminum cans, facilitating safe water consumption while on the road. By producing 100% recyclable cans with relock innovation, the company hopes to combat the threat of plastic pollution.

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Some Key Highlights from the Report

• The still water segment is expected to register a significantly high revenue CAGR during the forecast period. Still water is defined as water without carbonation or bubbles, making it a flexible option for customers. It caters to people who enjoy a simple, smooth without any additional flavors or fizz.
• The glass bottle segment accounted for second-largest revenue share in 2022. Glass bottles are frequently thought of as being expensive and high-quality. They appear sleek and clear, exuding luxury and sophistication. Glass bottle brands portray themselves as having a more upscale product, luring customers looking for a high-end drinking experience.

• North America market accounted for largest revenue share in 2022 owing to rising demand for multi-purpose beverage bottles such as for alcohol. Many people in North America regularly consume alcohol, and providing alcohol to visitors during events is a crucial aspect of hosting.

Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global bottled water market on the basis of product type, packaging type, distribution channel, and region:

• Product Type Outlook (Revenue, USD Billion; 2019–2032)
  • Still Water
  • Sparkling Water
  • Flavored Water
  • Mineral Water
  • Others

• Packaging Type Outlook (Revenue, USD Billion; 2019–2032)
  • PET Bottle
  • Glass Bottle
  • Collapsible Bottle
  • Biodegradable Plastic Bottles
  • Other

• Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retail

• Regional Outlook (Revenue, USD Billion; 2019–2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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