The bottled water market is anticipated to develop from US$ 228. 84 billion in 2022 to US$ 322. 85 billion by 2028; it’s estimated to develop at a CAGR of 5. 9% from 2022 to 2028. Bottled water is ingesting water packaged inside a plastic or glass bottle.
New York, July 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com pronounces the discharge of the report “Bottled Water Market Forecast to 2028 – COVID-19 Affect and International Evaluation By Kind, Class, Taste, and Distribution Channel” – https://www.reportlinker.com/p06295651/?utm_source=GNW
Bottled water is free from contamination and is accessible in numerous flavors.
Based mostly on sort, the worldwide bottled water market is segmented into glowing and nonetheless.In 2021, the nonetheless phase led the bottled water market.
The demand for nonetheless bottled water is attributed to the speedy shift towards wholesome ingesting practices the place nonetheless bottled water is generally most popular by shoppers owing to its low cost charges.Based mostly on taste, the market is bifurcated into plain and flavored.
The flavored phase is anticipated to be the fastest-growing phase within the bottled water market.
The bottled water market, based mostly on geography, is segmented into North America, Europe, Asia Pacific (APAC), South & Central America, and the Center East & Africa (MEA).In 2021, Asia Pacific dominated the worldwide market.
The altering life-style of shoppers and elevated consciousness about ailments resulting from contaminated water consumption drive the demand for bottled water in Asia Pacific.Furthermore, the elevated availability of bottled water in numerous flavors throughout retail shops, supermarkets, and hypermarkets throughout the area is driving the bottled water market.
North America is the second-largest marketplace for bottled water, and the Asia Pacific is anticipated to be the fastest-growing area within the bottled water market.The quickly shifting demand from carbonated gentle drinks to bottled water in US and Canada is driving the demand for bottled water throughout the area.
Furthermore, the shoppers within the US are demanding glowing water, which is having a optimistic affect on the bottled water market.
Many industries, together with the buyer items trade, confronted unprecedented challenges as a result of COVID-19 pandemic.The scarcity of uncooked supplies and labor, the shutdown of factories, and different operational difficulties resulting from COVID-19 security protocols adversely affected the bottled water market.
The lockdown severely impacted the availability and manufacturing of bottled water, thus, restraining the market’s progress.Nonetheless, vaccination drives have led to an increase in enterprise actions worldwide.
The economies are reviving their operations, and the demand for bottled water is anticipated to rise globally within the coming years. Key producers have resumed their operations, thereby restoring the manufacturing capability of bottled water.
Danone; FIJI Water Firm LLC; GEROLSTEINER BRUNNEN GMBH & CO. KG; The Coca-Cola Firm; Nestlé S.A; Nongfu Spring; BlueTriton Manufacturers, Inc.; PepsiCo, Inc; Voss of Norway AS; and RHODIUS Mineralquellen und Getränke GmbH & Co. KG are among the many main gamers within the bottled water market. These corporations are adopting methods comparable to mergers & acquisitions and product launches to increase their geographic presence and shopper bases.
The general international bottled water market dimension has been derived utilizing each major and secondary sources.To start the analysis course of, exhaustive secondary analysis has been carried out utilizing inside and exterior sources to acquire qualitative and quantitative data associated to the market.
Additionally, a number of major interviews have been carried out with trade individuals to validate the info and achieve extra analytical insights into the subject. Individuals on this course of embody trade specialists comparable to VPs, enterprise improvement managers, market intelligence managers, nationwide gross sales managers, exterior consultants comparable to valuation specialists, analysis analysts, and key opinion leaders specializing within the international bottled water market.
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