We usually define water without sugar as bottled water. It consists of still water (purified water, mineral water, spring water, distilled water), soda water/sparkling water, and functional water.
Bottled water factories always get raw water from natural springs, boreholes, and tap water. Nowadays, seawater is also a big source because of the use of desalination technology.
The global bottled water market is growing at a CAGR of 6.1% during the forecast period 2020 – 2025.
The size of the Bottled Water market amounts to US217.66 billion in 2020 and it is expected to reach US240.29 billion in 2021.
The fear of contaminated tap water lets people choose bottled water instead of ordinary water.
Potability and easy usage are the key points to drive the market in the next years.
Rising consumer health consciousness drives people to prefer still bottled water rather a sugary drinks.
Pure Water Is Still The Most Popular product which has more than 35% of the market share in 2020. Desalination plants are anticipated to tackle water scarcity. According to a United Nation report published in 2018, there are 16000 desalination plants provide pure water in 177 countries.
Soda Water/sparkling water has become widely popular in the world. It is anticipated to be the fastest-growing product with a CAGR of 11.7% from 2021-2028.
The Growing Demand for Functional Water is caused by the health and wellness trend. There is a big chance for the functional water to improve the development of the market.
Cities Lockdown Caused the increased demands for bottled water. From the report of the International Bottled Water Association(IBMA), bottled water factories have expanded their production capacity to meet this demand.
The Setback of the Global Tourism Industry Caused The decreased sales of bottled water
Metal cans and glass bottles are used in high-class brand water nowadays.
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