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Bottled Water Packaging Market to attain an impressive growth rate over 2019-2024

Author : Rahul Varpe | Published Date : 2019-03-25 

Global Bottled Water Packaging Market size is flourishing and is projected to grow at a healthy CAGR in the coming years. Insufficient tap water and increasing awareness for consuming clean water are expected to propel the global bottled water packaging market size over the projected timeframe. Rise in water borne diseases primarily in rural areas is contributing towards increasing bottled water packaging market size. Bottled water is considered among the highest consumed beverage owing to its convenience. Boiling water at home is time consuming and energy inefficient and thereby resulting in significantly contributing towards bottled water packaging market size in the coming future.
 
Manufacturers are extending their distribution network to ensure easy product availability for consumers, thereby pushing the bottled water packaging market size over the projected timeframe. Increasing concern of manufacturers to attain competitive advantage in the market has resulted in rising focus on attractive product which is likely to stimulate the bottled water packaging market size during the forecast period. Manufacturers are also investing heavily in marketing & advertising activities to attain an extended customer base to eventually capture high industry share. Furthermore, improving life style of consumers along with increasing awareness towards mineral water consumption is expected to drive the bottled water packaging market size across the globe.

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Global bottled water packaging market size is divided based on product including well water, distilled water, mineral water and others. Well water is attained via hole tapping by boring, drilling or other methods. It accounted for approximately 25% of the bottled water market share in 2016. Distilled water has attained the maximum industry share close to 50% in the business owing to increasing focus towards sustainability. Mineral water contains various minerals including sulphur & salt compounds. It is attained from physically & geographically protected underground water source. It contributes a lower share in the bottled water packaging market size owing to unavailability of potable & chemical free water in the earth’s crust.
 
Based on packaging, bottled water packaging market size is segmented into pouch, cans and bottles. Pouch is formed of plastic and contains lesser amount of bottled water compared to cans & bottles. Cans are usually preferred in areas having poor water infrastructure. Areas having interrupted or unclean water supply prefers availing large cans of drinking water to avoid ill-health conditions. Bottles are amongst the highest consumed form and henceforth contributing a major chunk of bottled water packaging market size.

Based on material, bottled water packaging market size is segmented into PET bottles and glass bottles. PET bottle has contributed the maximum bottled water packaging market share owing to its lighter weight & easy portability for travellers across the world. However, due to stringent environment regulations imposed by government for using recyclable packaging material to reduce hazardous material in the environment. There is a shift in focus or availability of alternative sources of packaging for bottled water including glass. They are less preferred by travellers owing to higher weight and brittleness compared to PET bottles.
 
Regionally, North America accounted for the highest bottled water market share and is anticipated to remain at the top by 2024. It is due to rise in health consciousness among consumers which is likely to boost the bottled water packaging market size over the coming years. Furthermore, rising population & increasing purchasing power of consumers in developing regions of Asia Pacific is likely to stimulate the bottled water packaging market size during the forecast period.

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The key global bottled water market share contributors are Greif, Amcor, Plastipak, RPC, Graham, Kaufman Container, Greiner Packaging International, Alpha Group, Sidel International, Ampac and Silgan Holdings. Most of these players have presence across multiple stages of industry ecosystem. For instance, Silgan Holdings is engaged in both manufacturing & distributing packaging material for bottled water across the globe.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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