The Global Packaged Drinking Water Market size was valued at over US$ 198 billion in 2018 and is forecast to grow at a CAGR of 4.2% from 2021 to 2028. Packaged water is the fastest-growing beverage market in the world, with global sales expected to reach nearly $300 billion by 2028. This growth will be fuelled primarily by a shift towards healthier lifestyles and increasing awareness of the environmental impacts of plastic packaging.
Packaged drinking water is a consumable liquid that has been preserved and sealed in an airtight container. The leading packaging materials are glass, metal, and plastic bottles or jugs. Packaged drinking water typically contains minerals such as sodium chloride (salt), potassium bicarbonate (baking soda), calcium carbonate (chalk) to replace the naturally occurring mineral balance found in untreated natural springs.
On the basis of Types, the market is segmented into metal, glass, and plastic bottles. The metal segment is expected to be the fastest-growing type of packaging during the forecast period.
Metal packaged drinking water bottles are made of steel with a coating of aluminum that protects the health and safety of their contents. These types include cans, which have an outer layer made from recycled materials such as aluminum or tinplate; however, these materials can present potential risks to humans in contact with them for long periods.
Glass packaged drinking water bottles are made of glass, which is a high-quality material for packaging. It has long been the preferred choice in Europe and North America due to its quality; however, it has fallen out of favor due to environmental concerns about the production process. The manufacture of glass requires large amounts of heat energy that releases carbon dioxide into the atmosphere as well as other polluting emissions like sulfur oxides and nitrous oxide from electric power stations.
Plastic packaged drinking water bottles are made of plastic, a low-quality material for packaging. Plastic can leach harmful chemicals (like BPA) and other substances into the drink it contains. The production process also emits carbon dioxide and other pollutants.
On the basis of Application, the market is segmented into mineral water company, the drinks company, household use, and others.
Packaged drinking water is used by mineral water companies to manufacture bottled water. The demand for packaged drinking water by mineral water companies has increased due to their convenience and portability features, which are not available with bottled or canned drinks.
The demand for packaged drinking water is driven by the increasing population and their need to drink safe, healthy, available, and sufficient quantities of liquid. The use of this beverage in drinks companies has increased due to its lower cost than other fresh or bottled waters which are usually made from tap water.
The market for packaged drinking water in household use is driven by the increasing consumer demand as it is considered a basic need of any home. Furthermore, this beverage is consumed for health purposes and as an alternative to other types of water.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Countries such as Brazil and Mexico are major consumers of packaged drinking water in household use which is increasing their revenue share due to consumer trends.
North America is the leading region in the market for packaged drinking water in household use, as it accounted for more than one-third of the total revenue share and is expected to witness healthy growth during the forecast period.
The Asia Pacific is predicted to exhibit significant growth in the packaged drinking water market during the forecast period owing to the rising population, increasing per capita income levels, and rapid urbanization.
Moreover, emerging economies such as Cambodia, China, and India are expected to be major contributors to Asia Pacific's revenue share in this segment. With a rapidly growing economy attracting more investments from different industries, Europe is also predicted to show healthy growth rates over the next few years. Countries such as Poland and Latvia have witnessed steady economic growth leading to an increased demand for packaged drinking water which has affected their revenues shares positively during the last couple of years.
The growth in this market can be attributed to factors such as increasing demand for bottled water due to health benefits, growing concern for environmental issues, and changing lifestyles worldwide.
The demand for packaged drinking water is driven by the increasing population and their need to drink safe, healthy, available, and affordable water. The market of this segment has been growing exponentially in recent years due to the availability of an important commodity like drinking water. This leads to increased sales volumes which will result in a high growth rate in the coming years. Moreover, various companies are introducing new innovations in packaging for drinking water such as PET bottles and glass containers to maintain a competitive edge over their rivals.
Additionally with a rise in health awareness among people across geographies coupled with high disposable incomes will result in higher purchases of bottled water by consumers.
Up Market Research published a new report titled “Packaged Drinking Water Market research report which is segmented by Types (Metal Bottle, Glass Bottle, Plastic Bottle), By Applications (Mineral water Company, Drinks Company, Household Use, Other), By Players/Companies Amcor, Ball Corporation, Amcor, Crown Holdings, O-I, Allied Glass, Ardagh Group, Can Pack Group, CKS Packaging, Evergreen Packaging, Genpak, HUBER Packaging, AptarGroup, International Paper, Kian Joo, Mondi, Parksons”.
|Report Attributes||Report Details|
|Report Title||Packaged Drinking Water Market Research Report|
|By Type||Metal Bottle, Glass Bottle, Plastic Bottle|
|By Application||Mineral water Company, Drinks Company, Household Use, Other|
|By Companies||Amcor, Ball Corporation, Amcor, Crown Holdings, O-I, Allied Glass, Ardagh Group, Can Pack Group, CKS Packaging, Evergreen Packaging, Genpak, HUBER Packaging, AptarGroup, International Paper, Kian Joo, Mondi, Parksons|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||248|
|Number of Tables & Figures||174|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Metal Bottle, Glass Bottle, Plastic Bottle and By Application Mineral water Company, Drinks Company, Household Use, Other.
Some of the companies that are profiled in this report are:
Packaged Drinking Water Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Packaged Drinking Water Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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