SAN FRANCISCO, April 18, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Bottled Water – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
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Editing: 19; Published: February 2022
Executive Pool: 11623
Companies: 230 – Players covered include Bai Brands LLC; Balance Trading Company; C. G. Roxane, LLC; Danone SA; FIJI Water Company LLC; Gerolsteiner Brunnen GmbH & Co. KG; Hangzhou Wahaha Group Co., Ltd. ; Icelandic Water Holdings hf. ; National Beverage Company; Nestle Waters; Niagara Bottling, LLC; PepsiCo, Inc.; Premium Waters, Inc.; The Alkaline Water Company, Inc.; The Coca-Cola Company; Tibet Water Resources Ltd.; VEEN Waters Finland Oy Ltd. ; Catalan Society of Vichy; Voss of Norway AS and others.
Cover: All major geographies and key segments
segments: Product (spring water, purified water, mineral water, sparkling water and other products); Packaging material (PET and glass)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global bottled water market to reach $183.7 billion by 2026
Bottled water is packaged and purified as drinking water, which is dispensed in glass or plastic bottles. Bottled water has become a convenient way for people to meet their hydration needs. Bottled water comes primarily from natural reservoirs such as ponds, rivers, and other forms of water storage units. Bottled water is widely distributed through various commercial and non-commercial channels such as supermarkets, hypermarkets, convenience stores, online retail stores, home and office delivery channels and other outlets. retail. With an ever-increasing proportion of water bodies worldwide at risk of contamination by impurities such as microbes and chemicals in traditional water sources, including municipal supplies, bottled water has become an alternative ideal for safe and purified drinking water. The expanding world population and lack of adequate and efficient drinking water supply for people is driving the demand for bottled water. The portable and convenient nature of bottled water is a major contributor to the growth of bottled water sales, as bottles packaged in convenient packaging allow consumers to carry water on the go. In the coming years, rapidly changing consumer lifestyles, lack of time, and the growing need for convenient and safe drinking water sources will continue to drive bottled water sales. The development of new flavors to meet changing consumer preferences also bodes well for the bottled water market. Advancements in water treatment technologies will also aid the growth of the market.
Amid COVID-19 crisis, Global Bottled Water Market Estimated at US$146.3 billion in 2022, is expected to reach a revised size of US$183.7 billion by 2026, growing at a CAGR of 6.2% over the analysis period. spring waterone of the segments analyzed in the report, is expected to register a CAGR of 7.2% and reach 35 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Purified Water segment is readjusted at a revised CAGR of 5.9% for the next 7-year period.
The US market is estimated at $39 billion in 2022, when China is expected to reach $38.4 billion by 2026
The bottled water market in the United States is estimated at 39 billion US dollars in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$38.4 billion by 2026 with a CAGR of 9.5% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 3.4% and 5.6% respectively over the analysis period. In Europe, Germany is expected to grow at approximately 4.1% CAGR. Asia Pacificin the same way China, represents the first global regional market. Changing consumer preferences and the desire for access to safe and hygienic drinking water are contributing to the growth of bottled water sales in the region. Growing need for safe drinking options among the vast population of the region and the efforts of market players to launch new advanced variants of bottled water products are driving the growth of the market. North America continues to hold a significant position in the global bottled water market, driven by the growing trend of consumers consuming bottled water and mineral water due to its safe and clean attributes . The demand for functional water is particularly growing, especially among health-conscious consumers. The functional water market is also benefiting from the efforts of major manufacturers and distributors to position the product as a replacement for fruit juices and soft drinks.
Mineral water segment to reach $69.5 billion by 2026
In the global mineral water segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 5.6% estimated for this segment. These regional markets representing a combined market size of US$36.2 billion will reach a projected size of US$54.2 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$8.9 billion by 2026, while Latin America will grow at a CAGR of 7.5% over the analysis period. After
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