Bottled Water Market Growth, Demand and Challenges of the Key Industry Players

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Global Bottled Water Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Bottled Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

," the global bottled water market size reached US$ 237.6 Billion in 2022.

Bottled water is generally packed in a sanitary container that is intended for human consumption. It is derived from multiple sources, including wells, protected springs or public water supply that is subjected to filtration and disinfection processes, which makes it free from impurities and safe for consumption.

It is widely available via online and offline organized retail channels across the globe that differ on the basis of its size, mineral contents, shape, color and price. In comparison to tap water, it ensures safety, is convenient to consume and is easy to carry.

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Global Bottled Water Market Trends:

The global market is primarily driven by the rising prevalence of water-borne diseases among the masses. Moreover, the increasing awareness regarding the adverse effect of carbonated drinks owing to the growing health consciousness among individuals is providing a boost to the sales of bottled water across the globe. Along with this, the shifting preference towards bottled drinking water in cafes and food joints due to the improved living standards of the masses is creating a positive market outlook. Additionally, several leading players are heavily investing in launching eco-friendly bottled water variants in the market due to an enhanced focus on sustainable development among the masses.

Furthermore, major players are engaging in the development of aggressive marketing strategies, promotional campaigns and innovative packaging solutions. Other factors, including emerging tourism and hospitality industries and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 364.4 Billion by 2028, exhibiting at a CAGR of 7.3% during 2023-2028.

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Report Description Key Questions Answered in the Report

1. What was the size of the global bottled water market in 2022?

2. What is the expected growth rate of the global bottled water market during 2023-2028? 3. What are the key factors driving the global bottled water market? 4. What has been the impact of COVID-19 on the global bottled water market? 5. What is the breakup of the global bottled water market based on the product type? 6. What is the breakup of the global bottled water market based on the packaging type? 7. What are the key regions in the global bottled water market?

8. Who are the key players/companies in the global bottled water market?

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