Bottled Water Market is estimated to be US$ 667.6 Billion by 2034 with a CAGR of 7.00% during the forecast period

Published Date: March 2024

The Bottled Water Market is growing as people become more aware of the negative consequences of drinking contaminated water. The global bottled water market is being propelled forward by the increasing penetration of the food service industry, the expanding penetration of organized retail, and the need for a healthy and active lifestyle. The global rise of the bottled water industry can be attributed to a growing urban population, rising personal discretionary income, higher living standards, and the development of eco-friendly bottle materials. The market for biodegradable bottled water is likely to rise as government measures to promote the use of eco-friendly and sustainable packaging gain traction. Even during the COVID-19 pandemic, producers have taken a number of steps to support market growth. Consider the following: PepsiCo, a worldwide food and beverage business, will distribute 35,000 bottled water and canned soft drinks to UAE workers in September 2020, in collaboration with a social assistance volunteering organization.

Region Analysis:

In terms of region, In 2020, Asia Pacific had the greatest share, and this is likely to continue throughout the forecast period. The regional market is primarily driven by an increase in demand for bottled water as a result of increased health concerns associated with polluted water usage. Changes in water consumption habits, the rise of organised retail sectors, and the introduction of novel goods such as flavoured water are all likely to contribute to regional market growth. Between 2021 and 2028, Asia Pacific is expected to be the fastest-growing regional market. Desalination is being considered by a number of nations as a feasible alternative for producing fresh water. For example, in 2017, India and Israel inked an MoU to develop India's desalination technology.

Key Development:

  • In October 2023, Bottled water company Clear Premium Water announced the launch of its natural mineral water brand 'NubyClear' (NU) in India. NU is a line of pure mineral water that comes straight from the Himalayas. There will be four designs to choose from. The company wants to deliver the mountains' heart to customers directly. The company unveiled NU as a unique product line designed to satisfy the discriminating tastes of high-end customers.
  •  In June 2021, Nestlé developed two new packaging innovations for Vittel natural mineral water bottles. The innovative water bottles use a lot less plastic in their design while functioning exactly like conventional plastic bottles. The first innovation is the Vittel GO system, which consists of a 50cl refillable bottle of natural mineral water that uses 40% less plastic than a conventional 50cl Vittel® bottle and is housed in a reusable hard protective shell. The second packaging innovation is a 1-liter Vittel Hybrid container composed of two different types of materials that is 100% recyclable. It creates new opportunities for the advancement of water bottle technology.

Segmentation:

The Bottled Water Market is accounted for US$ 360.4 Billion in 2024 and is estimated to be US$ 667.6 Billion by 2034 and is anticipated to register a CAGR of 7.00%. The Bottled Water market is segmented based on product type, and region.

  • Based on Product Type, the Bottled Water Market is segmented into Still Water, Carbonated Water, Functional Water, and Flavored Water. 

Competitive Analysis:                                                                                                 

The key players operating the global Bottled Water market includes Nestle Waters S.A., The Hangzhou Wahaha Group Co., Ltd., The Coca-Cola Company, Danone SA., PepsiCo Inc., Natural Waters of Viti Ltd., Icelandic Water Holdings ehf, Mountain Valley Spring Company, LLC, S. Dasani & Co., Niagara Bottling, LLC..

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