Bottled water is defined as drinking water which are processed and packed in plastic or glass water bottles for human consumption. As per USA FDA's Title 21 CFR Part 129 Processing and Bottling of Bottled Drinking Water, the term "bottled drinking water" is considered as the water sealed and packaged in various packaging modes such as bottles, containers and others and are supplied for sale for human consumption. It is, however, imperative for bottled drinking water to meet standardized requirements set by government. The demand for bottled water is rising expanding in global market as consumers are preferring bottled water over ordinary water due to growing focus towards health. To complement the rising demand, manufcaturers are coming up with innovative line of product. Additionally, the diversification in sales channel and rising adoption of online retail to sell and distribute the product is further stimulating the demand for bottled water in global market
The "Global Bottled Water Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bottled water market with detailed market segmentation by type, category, distribution channel and geography. The report provides key statistics on the market status of the leading Bottled water market players and offers key trends and opportunities in the market.
- Based on type, the global bottled water market is segmented into still water and carbonated/sparkling water.
- On the basis of category, the market is segmented into plain and flavoured.
- On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail and others.
- Rising focus towards health consciousness.
- Surging demand for plain and flavored varieties of still and sparkling water.
- Expanding demand for functional water.
- Adoption of sustainable packaging for bottled water .
- Stringent regulations pertaining to the use of packaging material.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. The bottled water market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bottled water market in these regions.
IMPACT OF COVID-19 ON BOTTLED WATER MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The ongoing COVID-19 pandemic has altered the status of the bottled water industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, thereby, impacting the demand for bottled water. However as the economies are planning to revive their operations, the demand for bottled water is expected to rise globally in the coming months. As per American Water Works Association (AWWA), the pandemic has critically affected the operations and supply chains. To support the market growth, brands such as DS Services and Primo Water are actively involved to ensure the safety of their representatives so as to remain operational.
The report covers key developments in the bottled water market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bottled water market are anticipated to lucrative growth opportunities in the future with the rising demand for bottled water in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bottled water market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- FIJI Water Company LLC
- Gerolsteiner Brunnen GmbH & Co. KG
- Nestlé SA
- Nongfu Spring
- Primo Water Corporation
- Rhodius Mineralquellen Und Getranke GmbH & Co KG
- The Coca-Cola Company
- VOSS WATER
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.