Bottled Water Market to Reach $319.8 Billion, Globally, by 2022

Increasing health awareness, premium quality & taste of bottled water, portability & convenience for use, and availability of functional water in different flavors have fueled the growth of the global bottled water market. On the other hand, stringent regulations for bottled water, harmful effects of using plastic bottles and, availability of tap water at lower cost have checked the growth to some extent. However, changing lifestyle patterns of consumer has created a number of opportunities in the segment.

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Portland, OR, May 07, 2019 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global Bottled Water Market was estimated at $169.8 billion in 2015 and is expected to hit $319.8 billion in 2022, growing at a CAGR of 9.5% throughout the study period. The report provides an in-depth analysis of drivers & opportunities, evolving market trends, competitive scenario, key market segments, and market size & estimations.

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Increasing health awareness, premium quality & taste of bottled water, portability & convenience for use, and availability of functional water in different flavors have fueled the growth of the global bottled water market. On the other hand, stringent regulations for bottled water, harmful effects of using plastic bottles and, availability of tap water at lower cost have checked the growth to some extent. However, changing lifestyle patterns of consumer has created a number of opportunities in the segment.

Based on product type, the still segment contributed to two-third of the total market and is expected to remain dominant during the estimate period. Simultaneously, the functional segment is projected to grow at the highest CAGR of 13.81% throughout 2016-2022. Based on geography, the market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA). Asia-Pacific held nearly two-fifth of the total market and is anticipated to maintain its top status in till 2022. At the same time, this region along with LAMEA is expected to grow at the highest CAGR of 11.2% during the forecast period.

The players operating in the bottled water market include Natural Waters of Viti Ltd., Dasani, Natural Waters of Viti Ltd.,  Hangzhou Wahaha Group Co., Ltd., The Coca Cola Company, Danone, Icelandic Glacial Inc.,  PepsiCo Inc., Nestlé Waters, and Mountain Valley Spring Company. These key players are expanding the scope of their business operations by incorporating innovative products in their product portfolios.

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Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


        

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