Bottled Water Packaging Market, By Material (Plastics, Glass and other), By Product (Well Water, Distilled Water, Mineral Water and Others By Application (Municipal, Industrial and Others) and Region – Forecast To 2023
Global Bottled Water Packaging Market expected to grow at a CAGR of 5.27% over the period 2017 to 2023.
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The manufacturing industry have been the major contributor for the economic growth of the country. The growth in the industry sector is expected to drive the packaged water market. Moreover, with economic advancement in emerging nations such as Brazil, the cities are becoming more populated. This has resulted in an increase in disposable income, changing lifestyle, and increasing health awareness. This shift in preference toward consumption of clean drinking water in urban areas, and increases the sales of water filtration and disinfection equipment. Thus, urbanization is expected to increase the adoption of packaged water treatment systems, especially, in emerging nations. Some consumers prefer the taste of bottled water over tap water. Furthermore, some brands use flavoring agents to enhance the water. Many of these products offer fruity and tropical flavors that attract the people looking to switch from soda to water.
Bottled water packaging market drivers include population growth, increase in prevalence of waterborne diseases, and scarcity of tap water. The need for safe drinking water in developing countries and countries in the Middle East has made these regions, favorable for multinational bottled water manufacturers. Moreover, plastic bottle recycle market is predicted to grow at a gradual rate in the future. The market growth is driven by growing environmental concerns, government policies & regulations, and emission norms. Plastic products have a slow rate of natural decomposition, as it takes around 700 years to decompose. Hence plastic recycling is one of the preferred solution adopted by many countries.
Bottled Water Packaging market is expected to flourish during the forecast period due to the major driving factors such increasing usage of recyclable packaging material to reduce hazardous material in the environment and changing lifestyle of consumers. The bottled water packaging market is undergoing various changes with evolving customer expectations such as availability in small sizes, acceleration of technological innovation and shifts in competitive power. The demand for bottled water is growing due to the scarcity of clean drinking water and the quality of tap water. It has become an icon of healthy lifestyle emerging countries. Moreover, bottled water is convenient because boiling water at home is time-consuming and not energy efficient. Also, bottled mineral water is purified and fortified with dissolved minerals, which provides added health benefits to consumers.
The key players of global bottled water packaging market includes Amcor Ltd. (Australia), SKS Bottle & Packaging Inc. (U.S.), Greif, Inc. (U.S.), Silgan Holdings (U.S.), ExoPackaging (India), American Pacific Corporation (U.S.), Berry Global, Inc. (U.S.), CKS Packaging (U.S.), Sidel Group (Italy) and Kaufman Container (U.S.)
Extensive research in this market has brought to light that expansion is the key strategy adopted by the major players in the global bottled water packaging market. This strategy is widely adopted to spread their geographical presence and achieve operational efficiencies.
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The government has undertaken various initiatives for the packaged water market to improve health standards. In countries such as Saudi Arabia, one of the major challenge is the scarcity of water. The governments have, substantially, invested in the seawater desalination, water distribution, and sewerage and wastewater treatment. The increased in investment in wastewater treatment is expected to drive the package water market. In 2011, the U.S. implemented a national clean water framework to protect the health of global water bodies. The framework recognizes the importance of clean water and to protect public health & water quality. The administration is working with various policy makers to ensure water management. The framework is also pursuing new ways to protect public health by reducing contaminants in global drinking water.
In terms of region, global bottled water packaging market has been segmented into four major regions of North America, Europe, Asia Pacific and RoW. In terms of geography, North America accounted for the majority market share and will continue to dominate the market in the forecast period. According to the International Bottled Water Association (IBWA) and the Beverage Marketing Corporation (BMC), Americans are drinking more bottled water than any other packaged beverage, carbonated soft drinks. Health awareness, higher standard of living, and rising demand and consumption of bottled water are some of the major driving factors for the growth of bottled water packaging in North America. Furthermore, rising population & increasing purchasing power of consumers in developing regions of Asia Pacific is likely to stimulate the bottled water packaging market size during the forecast period.
Scope of the report
This study provides an overview of the global bottled water packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Bottled Water Packaging market by its product and region.
- Well Water
- Distilled Water
- Mineral Water
- North America
- Asia Pacific
- Rest of the World
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