Bottled Water Market Trends

Growth Drivers

Rising scarcity of drinking water - With the lucrative global population along with the boosting economies, there is also a significant increase in demand for drinking water. According to a report by UNICEF in 2020, more than 4 billion people experienced severe water scarcity, which is about 2/3 of the global population for more than 1 month each year.
Increasing gastrointestinal diseases - There is an increasing concern for health and wellness among the population, as there is an increase in gastrointestinal diseases due to the consumption of contaminated water. According to a report by UZ LEUVEN in 2020, about 40% of the global population suffers from chronic gastrointestinal problems.

Growth in water pollution - There is a global demand for bottled water owing to the increasing population and polluted water. According to the World Development Report by the UN Environment Program in 2021, researchers surveyed about 75,000 water bodies in about 89 countries and observed that about 40% of the sample was polluted.

Challenges

Negative environmental impact - The harm that plastic trash does to the environment is one of the main obstacles to the bottled water market revenue share. Plastic bottle manufacturing and disposal generate large amounts of waste, which pollutes the environment and raises concerns. Additionally, consumers are moving toward eco-friendly alternatives as a result of growing knowledge of the negative environmental effects of plastic. Because of this, a lot of businesses are implementing environmentally friendly packaging techniques to reduce a major obstacle facing the bottled water sector.
Criticism of the manufacturing companies - Environmentalists are becoming more and more critical of the firms that produce bottled water because of the energy-intensive processes involved in extracting, processing, and bottling water. Another aspect impeding the industry is the lack of understanding regarding the health risks associated with inexpensive tap water.

Bottled Water Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.4%
Base Year Market Size (2023)	USD 307 Billion
Forecast Year Market Size (2036)	USD 646 Billion
Regional Scope	Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) North America (U.S., and Canada) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the bottled water market was over USD 307 billion.

The market size for the bottled water market is projected to cross USD 646 billion by the end of 2036 expanding at a CAGR of 6.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Nestle, PepsiCo, Nongfu Spring, Tingyi, Bisleri International Pvt. Ltd., Mountain Valley Spring Water, Iceland Glacial, Voss Water, Esseentia Water, and others.

In terms of type, the still water segment is anticipated to account for the largest market share of 47% during 2024-2036.

The Asia Pacific bottled water sector is poised to hold the highest share of 45% by 2036.

Bottled Water Market Trends