Bottled Water Market

Market Overview 2023-2028:

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. Increasing health consciousness among consumers, rapid urbanization, and inflating disposable incomes are some of the key factors driving the market.

Bottled water is purified and filtered water packaged in plastic or glass containers for consumption. It undergoes multiple sourcing, filtration, and bottling processes to ensure high safety standards and eliminate harmful microorganisms. It is widely used for drinking, cooking, and mixing various beverages, such as powdered drink mixes, protein shakes, or baby formula. Currently, there are umpteen types of products available, including still, sparkling, and flavored water. They are readily available in various sizes, flavors, and formats, making them easy to carry and consume. As compared to tap water, bottled water offers consistent quality, safety, and taste and has considerable amounts of dissolved minerals or total dissolved solids (TDS).

Bottled Water Market Trends:

The global bottled water market is primarily boosted by the increasing health consciousness among consumers, which has led to a rise in demand for bottled water as a healthier alternative to tap water. This is further bolstered by the rapid urbanization and the growth of the tourism industry. Moreover, the inflating disposable incomes have led to an increase in demand for bottled water in hotels, restaurants, and cafes, which is creating a positive outlook for the market. Apart from this, the surging awareness regarding the environmental impact of single-use plastic has led to a shift towards eco-friendly packaging, such as glass and aluminum bottles, which is providing a considerable thrust to the market growth. Additionally, the widespread product adoption among consumers to ensure proper hydration, prepare food, and protect from illness and diseases caused by contaminated water is further facilitating the market growth. Furthermore, the availability of flavored and functional bottled water, including electrolyte-enhanced and vitamin-infused water, the rising water scarcity, and the growing need for clean drinking water in disaster-stricken areas are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bottled water market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and packaging type.

Product Type Insights:

Distribution Channel Insights: 

• Supermarkets/Hypermarkets
• Convenience Stores
• Direct Sales
• On-Trade
• Others
   

The report has provided a detailed breakup and analysis of the global bottled water market based on the distribution channel. This includes supermarkets/hypermarkets, convenience stores, direct sales, on-trade, and others.

Packaging Type Insights:

• PET Bottles
• Metal Cans
• Others
   

The report has provided a detailed breakup and analysis of the global bottled water market based on the packaging type. This includes PET bottles, metal cans, and others. According to the report, the PET bottles segment holds the largest market share.

Regional Insights:

• 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
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. As per the report, Asia Pacific dominates the market. Some of the factors accelerating the Asia Pacific bottled water market include the growing health and wellness trends, rapid urbanization, and rising disposable income levels.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global bottled water market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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 and The Coca-Cola Company., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the global bottled water market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global bottled water market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global bottled water industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.