DUBLIN--(BUSINESS WIRE)--The "Global Bottled Water Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The bottled water industry was valued at US$ 185 billion in 2015 and is expected to reach US$ 334 billion by 2023, registering a 8.5% CAGR during the forecast period 2018-2023.
The demand for bottled water has been growing during the last decade, owing to health and wellness concerns. Beverage companies are improving their packaging due to environmental concerns. Coca-Cola has reduced its cap size in bottles that are 24 ounces or smaller in order to reduce the plastic intake by the company.
The bottled water industry is driven by the health concerns regarding drinking water. Changing lifestyles, preference for vitamin and minerals rich drinking water, and ease of handling and portability of bottled water are some of the factors driving the market. Bottled water manufacturers are introducing new products with health benefits and new flavors. It is resulting in several product launches in the bottled water market.
The major opportunities identified for the bottled water industry are innovative products with minimum environmental and health hazards and penetration in developing markets.
The bottled water market can be segmented by types, flavor, distribution channel, and packaging. Still water is the largest sub-segment of bottled water, accounting for more than 65% of the demand, followed by carbonated water.
Product innovation in terms of flavor and packaging has triggered the flavored water demand. The segment of still bottled water has dominance in terms of both revenue and volume in the global market. The segment is expected to account for a share of 78% of overall market revenue by 2022. The flavored water segment is expected to witness rapid growth during the forecast period.
Key Topics Covered
1. Introduction
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company Profiles
- Ajegroup SA
- CG Roxane LLC
- Fonti Di Vinadio SpA
- Groupe Danone
- Grupo Vichy Catalan
- Hangzhou Wahaha Group Co. Ltd
- HassiaWaters International GmbH & Co. KG
- Icelandic Water Holdings EHF
- Mountain Valley Spring Company LLC
- Nestle SA
- PepsiCo Inc.
- The Coca-Cola Company
For more information about this report visit https://www.researchandmarkets.com/research/lw4tw2/global_bottled?w=4
