Global Bottled Water Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
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The global bottled water market was valued at around $238 billion in 2017 and is expected to reach $349 billion in 2021, growing at a CAGR (compound annual growth rate) of 9.99% during 2017-2021. In terms of volume, the market is estimated at 437 billion liters in 2017 and is expected to reach 623 billion liters in 2021, growing at a CAGR of 927% during 2017-2021. Consumer concerns over rising obesity levels combined with an increase in public awareness about health issues in countries such as China, India and Indonesia had a positive effect on the bottled water market.
The bottled water market consists of sales of bottled water services and related goods by entities (organizations, sole traders and partnerships) that provide bottled water. The bottled water industry includes establishments that purify and bottle water.
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The Global Bottled Water Market is further segmented based on product type, end-user packaging, pack size, origin of product, quality and geography.
By Product Type: Packaged Drinking Water (Still), Spring and Mineral (Still), Flavored Water (Still), Functional Water, Spring and Mineral (Sparkling), Flavored Water (Sparkling), Packaged Drinking Water (Sparkling).
By End User Packaging: Plastic Bottle, Drum (Bulk), Glass Bottle, Can, Others.
By Pack Size: 1501 ml and above, 501 ml - 1000 ml, 331 ml - 500ml, 1001 ml - 1500 ml, 330 ml.
By Origin of Product: Domestic, Imported.
By Quality: Non-Premium, Premium.
By Geography: The global bottled water market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific bottled water market accounts for 42.5% which is the largest share in the global bottled water market.
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Trends In The Bottled Water Market
The acceptance of premium bottled water is gradually increasing in emerging economies such as Brazil. Premium bottled water has less sodium content, high mineral content and special glass or plastic packaging, and is priced higher than normal bottled water. The prices established for premium bottled water brands are not as high as imported brands, thus enabling consumers to opt for premium bottled water.
Bottled Water Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides bottled water market overviews, analyzes and forecasts market size and growth for the global bottled water market, bottled water market share, bottled water market players, bottled water market segments and geographies, bottled water market’s leading competitors’ revenues, profiles and market shares. The bottled water market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.