Bottled Water Market Scope
Bottled water is water made available for drinking through packaged plastic bottles or glass water bottles. Generally, these water contain vitamins and minerals and considered to be safe and healthy to drink. With growing water scarcity across the globe, there lies a huge opportunity for bottled water manufacturers in foretasted period. The challenges for the industry is to provide green packaging solution as worldwide bottling of water requires 2.7 million tons of plastic each year. Manufacturers are focusing on biodegradable and eco-friendly packaging solution.
According to AMA, the Global Bottled Water market is expected to see growth rate of 8.41% and may see market size of USD325.0 Billion by 2026.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Bottled Water market throughout the predicted period.
PepsiCo [United States], Coca Cola [United States], Suntory [Japan], Unicer [Portugal], Icelandic Glacial [Iceland], CG Roxane [United States], Vichy Catalan Corporation [Spain], Mountain Valley Spring Company [United States], Nestle [Switzerland], Sanpellegrino S.p.A [Italy], Poland Spring [Poland] and Eden Springs Ltd [Israel] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fiji Water [Fiji], Danone Water [United Kingdom], Parle Bisleri [India], Ajegroup SA [Peru], Fonti Di Vinadio SpA [Italy], Grupo Vichy Catalan [Spain], Hangzhou Wahaha Group Co. Ltd [China] and HassiaWaters International GmbH & Co. KG [Germany].
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Bottled Water market by Type (Carbonated Bottle Water, Flavoured Bottle Water, Still Bottle Water, Functional Bottle Water and Others) and Region with country level break-up.
On the basis of geography, the market of Bottled Water has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
PepsiCo released a new variety of Lifewtr bottled water. Lifewtr Immune Support is made with 10% of the recommended daily value of zinc, aiding normal immune function, according to the company. This is the first product extension for the bottled water brand since its 2017 inception
Regulatory bodies such as Food and Drug Administration (FDA) and Environmental Protection Agency (EPA) are responsible for safety of drinking water. FDA requires bottled water producers to process, bottle, hold and transport bottled water under sanitary conditions and protect water sources from bacteria, chemicals and other contaminants.
- Growing Demand for Vitamin and Mineral Rich Bottled Water
- Focus Towards Green Packaging Through Re-sealable and Recyclable Packaging
- Growing Awareness About Safe and Healthy Water Consumption
- Easy Availability and Handling of Bottled Water
- Inability of Governing Bodies to Provide Pure Water
- Products Innovation to Reduce Environmental Health Hazards
- Burgeoning Demand for Water Worldwide
- Costly as Compared to Tap Water
- Non-biodegradable Nature of Water Bottles Causes Environmental Concern
- Stringent Government Regulation on Bottled Water
- Availability of Local Water Distributors
Key Target AudienceBottled Water Manufacturers, Potential Investors, Government Agencies, Regulatory Bodies, Research Institutes and Others