The global bottled water market revenue is expected to expand at a significant CAGR over the forecast period. Bottled water is a type of drinking water, free of any contamination and commonly packed in glass or PET bottles. Bottled water comes in different size of packaging according to the consumer’s requirements. Increasing health awareness regarding the water borne disease spread by contaminated water and the increasing demand for safe drinking water are some major factors, driving the growth of the global bottled water market. However, the stringent government regulation and safety standards for bottled water and Bisphenol A (BPA) content in the packaging material of bottled water, may hamper the growth of the target market in the near future.
The global bottled water market report has been segmented on the basis of product type and region. On the basis of product type, the market is segmented into still water, carbonated water, functional water, and flavored water. Still water segment dominates the global market in terms of revenue and expected to maintain its dominance over the forecast period, owing to its high consumption among consumers and increasing demand for still water. The functional water segment is expected to witness the fastest growth in terms of revenue in the near future.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is expected to dominate the global market in terms of revenue over the forecast period, owing to presence of major players in this region. The market in Asia Pacific is expected to witness significant growth in terms of revenue in the near future, owing to changing lifestyle and rising disposable income. In addition, increasing retail sector in developing countries is another factor expected to boost the growth of the global market over the forecast period.
Key players operating in the global bottled water market include Nestle Waters S.A., The Hangzhou Wahaha Group Co., Ltd., The Coca-Cola Company, Danone SA, PepsiCo Inc., Natural Waters of Viti Ltd., Icelandic Water Holdings ehf, Mountain Valley Spring Company, LLC, S.S. Dasani & Co, and Niagara Bottling, LLC.