Bottled Water Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast The bottled water market size is estimated to register a substantial CAGR of 6.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing number of health-conscious consumers.
Bottled water is purified and contaminant-free drinking water that has been packaged. It comes in plastic and glass bottles, and is the most convenient way for the body to meet its hydration requirements because it is readily available at local retail stores and supermarkets. The market is being pushed by increased healthcare awareness of waterborne diseases including malaria, typhoid, diarrhea, food poisoning, and other illnesses. The Covid-19 pandemic affected the demand and supply of bottled water market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
Increasing number of health-conscious consumers and rising demand for functional water are expected to propel the market in the coming years. The ease of consumption and its impact on human nutrition is major factor fueling the market. Pollution generated by plastic garbage is anticipated to hamper the market expansion. Lack of awareness act as major challenge that can hinder the market growth during the forecast period.