Global Bottled Water Market: Analyst’s Findings

While the essentiality of water has never been in doubt, the awareness regarding the need to ensure safe drinking water is consumed has multiplied in the recent past on the back of growing penetration of social media. The trend among urban populations is to make water their favorite drink and bottled water offers the convenience as well as an assurance of purity. As per the findings of this business intelligence report on the global bottled water market, the demand will expand at a notable CAGR of 6.44% during the forecast period of 2017 to 2024. In terms of revenue, methodology-based market evaluations have confirmed that the global bottled water market will attain a valuation of US$307.2 billion by 2024, swelling up from its evaluated worth of US$198.5 billion as of 2017. Volume-wise, there will be an estimated demand of 528.2 billion liters of bottled water by the end of 2024.

Apart from increasing awareness levels for greater intake of water among prosperous parts of the world, the bottled water market also stands to gain impetus from growing popularity of carbonated water. Companies operating in the bottled water market are coming up with ecofriendly packaging materials as well as providing for adequate recycling. Mushrooming of small and medium enterprises (SMEs) is also stoking the demand for large-sized bottled water. On the other hand, environmental impact of plastic bottles and stringent government regulations are a few restraints obstructing the bottled water market from attaining a stronger growth rate.

global bottled water market

Still Water Bottles to Remain Key Product Segment

On the basis of product type, the bottled water market has been segmented into still water, carbonated water, functional water, and flavored water. As of 2017, the still bottle water segment provided for a demand of 273.3 bn. liters in terms of volume, which represented a value of US$156.0 bn. Even throughout the aforementioned forecast period, this segment is expected to hold its prominence, providing for more than 77% of the overall demand in the global bottled water market. Among the other three segments, functional and flavored water are anticipated to gain moderate ground in the near future whereas carbonated bottle water will lose demand share.

PET Bottles Dominates Demand in terms of Packaging

Based on packaging, the market for bottled water has been bifurcated into polyethylene terephthalate (PET) bottles, glass bottles, and others. Owing to consumer preference for purest form of water and the ease of handling, transportation, and storage – the demand for PET bottles is the strongest. By the end of 2024, the PET bottle segment is estimated to generate a revenue of US$209.1 bn. The analyst of the report has notified that there will be a demand for 409.7 bn. liters of water from this segment by the end of the forecast period.

The report also gauges the potential of demand for bottled water that will be generated by the distribution channels of supermarket or hypermarket, convenience or drug stores, grocery stores or club stores, and others such as vending and food service. While the others distribution channels are providing for the most prominent chunk of demand, grocery stores and supermarkets are other two key categories that stay ahead in the near future.

Asia Pacific Emerging as a Highly Lucrative Regional Market

Geographically, Asia Pacific is foreseen to overtake the position of the leading regional market from North America by the end of 2024. As of 2017, North America constituted for a demand that was worth US$59.4 bn., slightly more than Asia Pacific at 54.3 bn. However, expanding at an above-average CAGR of 8.4%, the Asia Pacific bottled water market is estimated to be worth US$95.2 bn. The vastly populated region of Asia Pacific had two of the most promising emerging economies in China and India, whose urban populations are the key targets of the vendors operating in this market.

Nestle Waters, PepsiCo Inc, Groupe Danone, The Coca Cola Company, and Mountain Valley Spring Company LLC are a few prominent companies currently ahead of the curve in the global bottled water market.

Global Bottled Water Market: Overview

Transparency Market Research (TMR) offers a 7-year forecast for the global bottled water market between 2017 and 2024. The main objective of the report is to offer insights on the advancements in the bottled water market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global bottled water market over the forecast period. The report aims to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global bottled water market.

Global Bottled Water Market: Drives and Restraints

Factors such as increasing health consciousness, hygiene awareness, lack of well-developed public water infrastructure and demand for functional bottled water are expected to fuel revenue and volume growth of the global bottled water market.  Bottled water manufacturers are introducing new products with health benefits and new flavors which is resulting several product launches in the bottled water market. The new products offering functional benefits, better taste and convenience are preferred by consumers. Increasing disposable income and consumer preferences for bottled water over aerated drinks and rising demand for functional and flavored water are expected to further fuel demand for bottled water across the world.  Globally, the growth of PET bottles sector has led to widespread supply of bottled water, through wide network organized markets as well as several grocery and club stores. These factors are expected to bolster growth of the bottled water market in the near future.

A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors shaping the internal as well as external competition in the market. Overall internal competition in the bottled water market is observed to be comparatively high owing to a large number of major providers of bottled water products and increasing number of small domestic players in the market. The global bottled water industry is facing external competition from producers & distributors, which are adopting forward and backward integration strategies, and developing their own facilities to produce bottled water. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market.

Global Bottled Water Market: Competitive Landscape

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are bottled water suppliers, manufacturers, and a list of major retailers and raw material suppliers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the bottled water space. Key players in the global bottled water market report include bottled water suppliers and manufacturers such as Key players in the global bottled water market report include bottled water suppliers and manufacturers such as Nestle Waters, Groupe Danone, PepsiCo Inc, The Coca Cola Company, Mountain Valley Spring Company, LLC., Suntori Beverage & Food Ltd, Unicer - Bebidas SA, Grupo Vichy Catalan, Icelandic Water Holdings ehf., CG Roxane, LLC

Global Bottled Water Market: Segmentation

The report analyses the market share of the global bottled water market by each of the packaging type segment including PET bottles, glass bottles, and others(foodservice, vending). It also analyses the market share of the global bottled water market by each distribution channel and product types. A section of the report highlights bottled water demand, region-wise. It provides a market outlook for 2017–2024 and sets the forecast within the context of the bottled water ecosystem, including strategic developments, latest regulations, and new product offerings in the global bottled water market. This study discusses key region trends contributing to growth of the global bottled water market, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

Key Segments of the Global Bottled Water Market

  • By Product Type
    • Still Bottle Water
    • Carbonated Bottle Water
    • Flavored Bottle Water
    • Functional Bottle Water
  • By Packaging
    • PET Bottles
    • Glass Bottles
    • Others
  • By Distribution Channel
    • Super/Hypermarket
    • Convenience/Drug Stores
    • Grocery Stores/Club Stores
    • Others (Foodservice/Vending)
  • By Geography
    • North America
      • U.S
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
    • Europe
      • EU5
      • Benelux
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • Australia and New Zealand
      • Rest of APAC
    • Middle East & Africa
      • GCC
      • North Africa
      • South Africa
      • Rest of MEA