New Flavors and Constant Advancement in Treatment Technologies to boost Bottled Water Market 

Published: Mon Mar 04 2019

Fact.MR envisions the global bottled water market to earn a US$200.0 bn by the end of 2022. Among a number of products offered in the global bottled water market, spring water could gain a larger share as its sales are expected to cross a US$45.0 bn by the end of the forecast period 2017-2022. On the other hand, distilled water could show quicker progress in the global bottled water market. There are more segments that the global bottled water market is classified into: tap water, artesian well water/artesian water, sparkling bottled water, mineral water, and purified water.

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The global bottled water market is envisaged to see high growth opportunities birthing with growing health-consciousness among people and increasing awareness about hygiene. Surge in demand for functional bottled water could provide impetus to the global market. With a view to provide safe drinking water to residents of their country, governments are expected to concentrate on developing public water infrastructure. Launch of new products with innovative flavors and more health benefits could set the tone for significant growth of the global bottled water market. Thus, there could be massive demand in the global bottled water market due to high preference for functional benefits, better taste, and convenience.

Several manufacturers and beverages companies in the global bottled water market are also tapping on lucrative avenues arising out of growing inclination of consumers to shift from aerated and carbonated drinks to healthy drinking water containing minerals. Among the various types of products in the bottled water market, the demand for distilled bottle type is expected to emerge at a higher growth rate than all others by the end of 2022. Apart from this, the sale of spring bottled water dominates currently and is expected to remain so. The presence of natural minerals and qualities in spring bottled water is what drives the popularity of this product type.

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On the basis of type of packaging, the global bottled water market is divided into glass bottles, PET bottles, and other segments. According to the Fact.MR report, PET bottled water could exhibit faster growth in the global market in terms of sales. However, glass bottles are forecast to gain higher consumer preference in the global bottled water market. By the end of 2022, glass bottled water could achieve sales worth a US$100.0 bn.

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The study offers a granular assessment of the factors that influence the strategic dynamics in the bottled water market. It offers a detailed insight into the product portfolio of prominent players and strategies adopted by them to consolidate their positions. Some of the leading players operating in the global bottled water are Bisleri International Pvt. Ltd., Nestle S.A, Voss of Norway ASA, Fiji Water Company LLC, and Societe des Eaux Minerales d'Evian SA
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