Bottled Water Market Size, Business Research, Revenue, Growth Insights To 2024

Overview:

Increasing chances of contracting diseases from impure water are driving people to buy bottled water. This is further getting backed in the inclusion of several types of technologies like micron filtration, reverse osmosis, source protection, source monitoring, distillation, ultraviolet light, and ozonation.

The global market report on the bottled water market includes a comprehensive study of factors like the rising demand for the product from health-conscious people, the popularity of it among tourists, better marketing strategies, branding, innovations, technological support, rising disposable income, and others. Market Research Future (MRFR) believes that the market could go beyond a valuation of USD 120.3 billion by 2024 by maintaining a CAGR of 5.85% during the forecast period of 2019 to 2024. 

Segmentation:

The global market report holding details of the bottled water market includes segments like category, type, and distribution channel. These segments have data, which would help explore better opportunities and increase the profit margin. 

By type, the global report on the bottled water market includes segments like mineral water, purified water, and sparkling/carbonated water.

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By category, the study on the global bottled water market has been segmented into plain and flavored. The flavored segment is getting popular among kids and teenagers.

By distribution channel, the review of the global bottled water market includes store-based and non-store-based. The store-based segment includes segments like convenience stores, supermarkets & hypermarkets, and others. The supermarkets & hypermarkets segment is becoming popular as it is providing several options for buyers.

Regional Landscape:

Europe had a market share of 38.32% in 2018, which was the highest among all the other regions. Asia Pacific is recording the fastest speed for growth as the region is getting backed by a massive population.

Competitive Analysis:

Tata Global Beverages (India), Danone S.A. (France), Nestlé S.A. (Switzerland), Gerolsteiner Brunnen GmbH & Co. KG (Germany), Cott Corporation (US), PepsiCo, Inc. (US), Nongfu Spring (China), Bisleri International Pvt. Ltd (India), RHODIUS Mineralquellen und Getränke GmbH & Co. KG (Germany), and The Coca-Cola Company (US) are some eminent names involved in the bottled water market. 

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Industry News:

In July 2020, Nestlé announced that it would sell its Canadian Pure Life bottled water business to Ice River Springs, a private bottled water company. This would include its two factories in Puslinch, Ontario and Hope, British Columbia. This deal also has a well in Erin, Ontario. The agreement is a step that adheres to Nestlé’s announcement to explore opportunities to sell the major part of its Nestlé Waters North America unit. The intent also includes changing the hands of the Nestlé Pure Life brand and the ReadyRefresh beverage delivery service.

In July 2020, Zero Mass Water, a bottled water company from Arizona, announced a project near Dubai that would include a process of getting moisture from the desert air and turning that into bottled water. People believe that it would solve the water crisis in the region to some extent and lessen the efforts of digging deep wells to get water.

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Researchers at Eaulab are planning to devise a process that would filter out microplastics from bottled water. They would also focus on removing other particles that adversely affect the body as they believe pure water is everybody’s right and evolving technologies should guide the process. 

During the COVID-19 attack, people have shown signs of a preference for bottled water to prevent themselves from any type of contamination. Such steps would help the market in making profits. 

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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