Bottled Water Market Rising With Growth In New Technology Trends Research By 2025




The global bottled water market size is expected to reach USD 215.12 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 7.4% during the forecast period. It is anticipated to witness a higher growth as compared to carbonated drinks on account of better health benefits and added nutrients. Factors such as increase in per capita spending and rapid urbanization are likely to fuel the demand for bottled water over the forecast period.
However, higher cost of bottled water may restrain the growth of the market. On the other hand, growing awareness regarding benefits of bottled water coupled with increasing preference for active lifestyle is expected to play a significant role in driving the market. Companies such as PepsiCo Inc. launched premium priced bottled water in order to strengthen consumer interest in healthier beverages.
Some of the key companies in the market are Mountain Valley Spring Water; Nestlé S.A.; Tata Global Beverages; Danone Waters of America, Inc.; PepsiCo, Inc.; Gerolsteiner Brunnen GmbH & Co. KG; RHODIUS Mineralquellen und Getränke GmbH & Co. KG; Nongfu Spring; Bisleri International Pvt. Ltd.; and The Coca-Cola Company.
The bottled water market is witnessing a significant rise in demand globally. Will the limited consumer knowledge regarding the possible end to this crisis play an integral role in shaping the near future of the industry? Our team is working to account for the rapid surge in our estimates. The report will account for Covid19 as a key market contributor.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/bottled-water-market/request/rs4
Further key findings from the study suggest:
·         The spring bottled water segment accounted for revenue share of over 17.0% in 2016
·         Mineral bottled water accounted for the largest market share in 2016 and is expected to witness a CAGR of 7.3% over the forecast period. This is due to its added nutrients compared to spring water and the fact that mineral water is less processed than sparkling water
·         Sparkling bottled water witnessed a share of 8.0% in 2016 and is expected to witness a significant growth over the forecast period owing to increasing demand for alternatives for carbonated beverages
·         Asia Pacific is likely to be the dominant regional market for bottled water over the forecast period. Rising population coupled with rapid urbanization in countries such as India, China, Indonesia, and Malaysia is likely to be the key driver for the market
·         Regional expansion and R&D are the key strategies adopted by most of the key companies to strengthen their market position
·         In November 2017, The Coca-Cola Company launched its bottled water brand Kinley in Nepal in order to gain domestic market share. In March 2017, Nestlé Waters collaborated with Danone and Origin Materials to develop PET plastic bottles, which were made from 100% renewable and sustainable resources.
Companies in the market, such as, Nestlé Waters, have been focusing on developing lightweight bottles. Nestlé has been investing in R&D that centers to develop new generation bottles. Advancements in technology and practices have reduced production time, which is also contributing to the growth of the market. Asia Pacific was the largest bottled water market in 2016 on account of early acceptance of the product.
Expansion of the Chinese economy contributed to increase in disposable income, which became a key driver for the market. Growing number of convenience stores in China provided companies in the market with key distribution channel to penetrate rural and urban regions of the country. The convenience stores volume reached nearly 41,000 in 2016.
Most of the major manufacturers such as Nestlé S.A.; PepsiCo Inc.; Bisleri International Pvt. Ltd.; and Danone Waters of America, Inc. have their own sources such as springs and lakes. For instance, Nongfu Spring owns eight springs in China. The company has two spring sources, two lake sources, and four mountain sources.
In terms of revenue, the spring water segment is expected to register the highest CAGR of 7.7% over the forecast period. Rising concerns regarding sugar and artificial sweeteners in carbonate drinks is playing a primary role in driving product demand. The mineral water segment accounted for a market share of approximately 38.0% in 2016 and is likely to expand at a healthy CAGR in the next few years. Demand for mineral water is largely catered by developing countries such as India, Malaysia, and Indonesia.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-bottled-water-market
Purified water accounted for a share of 33.0% of the overall market value in 2016. The segment is expected to register a healthy CAGR during the forecast period. Demand for potable water is increasing across the world, especially in developing economies. Countries in Africa and Asia Pacific are expected to be key regions driving the demand for the product over the forecast period.
The sparkling water segment is estimated to be driven by demand from developed markets of U.S., Germany, and U.K. Beverage Digest of the U.S. states that sparkling water has become everyday drink for the American citizens. Thus, rapid shift towards healthy drinks is likely to be the key growth stimulant for the segment.
Grand View Research has segmented the global bottled water market on the basis of product:
Bottled Water Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Spring Water
·         Purified Water
·         Mineral Water
·         Sparkling Water
·         Others
Key companies in the global market are Mountain Valley Spring Water; Nestlé S.A.; Tata Global Beverages; Danone Waters of America, Inc.; PepsiCo, Inc.; GEROLSTEINER BRUNNEN GMBH & CO. KG; RHODIUS Mineralquellen und Getränke GmbH & Co. KG; Nongfu Spring; Bisleri International Pvt. Ltd.; and The Coca-Cola Company.
Most of these companies are involved in R&D to introduce improved and better-quality packaging for water. Major companies are promoting PET recycling initiative wherein companies are funding new collection containers. They are influencing public authorities through professional associations and PET bottle collection bins are being placed in public spaces.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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