The bottled water market is evaluated at US$202.056 billion in 2018 and is estimated to grow at a good growth rate during the forecast period. Bottled water is the packaged drinking water which is packed in plastic or glass bottles. The market is projected to grow at a significant rate owing to increasing adoption of bottled water across the globe owing to its consistent safety, quality, and convenience. The major driving factors for augmenting the market growth are rapid urbanization and the growing awareness regarding consumption of bottled water coupled with an increasing trend of an active lifestyle which is likely to fuel the market growth during the forecast period. However, the preference of consumers towards tap water in some countries is expected to be one of the restraining factors that may hinder the market growth in over the period of next five years. Geographically, Asia Pacific is expected to hold the major share in the market on account of rapid urbanization and rising population in major developing countries such as China, India, and Indonesia among others.
Growing concerns regarding the consumption of bottled water.
Rapid urbanization and changing lifestyle.
Consumer preferences towards the consumption of tap water.
Some of the major players discussed in this report are Danone, The Coca-Cola Company, PepsiCo, Inc., Nestle, Tata Global Beverages, and Bisleri International Pvt. Ltd. among others.
The bottled water market has been analyzed through the following segments:
Middle East and Africa