Published on : Aug 16, 2018
Albany, New York, August 16, 2018: Market Research Hub (MRH) has freshly publicized a study titled “Global Markets for Bottled Water Products” to its online repository, which encapsulates vital details about the market current scenario as well as its future growth prospects. The report further offers a detailed analysis of the key factors that are driving the growth of the market, analysis of the key challenges for manufacturers has also been included in the report. In addition, readers will also gain an understanding of the key opportunities and trends that are impacting the growth of the market.
Bottled water is one of the most popular, and most expensive consumer beverages available today. It has been clearly stated in the study that, even with growing concerns regarding environmental pollution, the global market for bottled water products has grown expressively in the last few years. On the basis of geography, the research highlights market scenario in some prime regions, such as North America, Asia-Pacific, Europe, Africa and Rest of the World. From a geographical standpoint, the bottled water market in Asia-Pacific is expected to dominate the global market in terms of market share owing to high demand for bottled water from India, China, Thailand and Indonesia.
As per the active research evaluations, the global market for bottled water products will grow from $205.4 billion in 2017 to $342.0 billion by 2022 at a (CAGR) of 10.8% for the period of 2017-2022. There are a lot of factors currently driving market growth, the study finds that the increasing number of bottled water manufacturers and beverages companies choose for strategies to meet widely changing consumer preferences and regulatory concerns. Apart from that, companies operating in the bottled water market are coming up with eco-friendly packaging materials as well as providing for adequate recycling. This is estimated to have a positive impact on its market growth.
In order to provide a comprehensive view of the market, the global market has been divided into various segments and sub-segments to cover all market aspects and these segments are packaging type, product type, and distribution channel. On the basis of the packaging type, the study covers PET bottles, glass bottles and others. By product type, the market has been segmented into still water, carbonated water and functional water. This report identifies and analyzes the market based on product distribution channels: supermarkets and hypermarkets, convenience stores and drugstores, grocery stores and club stores, and others.
In the end, the report also includes a detailed competitive landscape that profiles the business and product strategies of some of the leading companies in the market. Some of them are Bisleri International, Bisleri International, Acqua Minerale San Benedetto Spa, Nestle Waters, Cg Roxane Llc, Mountain Valley Spring Water, Pepsico Inc., Unicer-Bebidas SA, and Voss of Norway ASA.
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