Bottled Water Packaging Market Comprehensive Analysis, Share, Growth, Trends
The global bottled water market size is slated to expand over the analysis timeframe of 2024-2032.
This information is provided by Fortune Business Insights, in its report titled, “Bottled Water Packaging Market, 2024-2032.”
Bottled water is cleaner, healthier, and safer as compared to the water available in public taps and sources. The spread of the COVID-19 pandemic worldwide emphasized the need for clean drinking water to prevent the spread of diseases and increased the demand for bottled water.
The packaged water industry and the bottled water packaging industry are growing hand in hand as public awareness of the importance of clean drinking water rises. Furthermore, the utilization of recyclable polymers in the production of bottles is also attributing to market growth by propelling consumer demand for plastic bottles.
Leading companies across the world have launched innovative designs and packaging solutions to reduce the overall weight of the bottles thus acting as a primary driver for the global industry.
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Segmentation:
Based on material, the global market is split into plastic, metal, glass, and others. Among these, plastic is the most popular material for making water bottles due to its durability, cost-effectiveness, and lightweight nature.
As per product, the industry is divided into still bottle water, carbonated bottle water, flavored bottle water, and functional bottle water.
Regionally speaking, the global bottled water packaging market is fragmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Report Coverage:
The research report provides a comprehensive analysis of the market referring to both primary and secondary sources of information. The market is studied exhaustively by fragmenting it into segments and regions. Key drivers and restraints of the global bottled water packaging industry are covered as well. The document encompasses data pertaining to latest developments and strategic decisions undertaken by leading companies as well.
Drivers and Restraints:
Soaring Demand for Potable Pure Drinking Water to Aid Market Augmentation
The growing demand for clean and potable drinking water worldwide will boost global bottled water packaging market growth. Increasing water pollution and poor quality of public water will also attribute to market expansion in the forthcoming years.
Additionally, the availability of bottled water relieves people from the burden of carrying heavy bottles while travelling. As a result, the growth of the tourism industry will propel the bottled water packaging industry. On the other hand, environmental concerns regarding the growing use of plastic will likely hinder market proliferation.
Regional Insights:
North America to Lead Backed by Large Customer Base
North America held the largest global bottled water packaging market share owing to the presence of leading market players and a large customer base. According to a study conducted by the International Bottled Water Association (IBWA), bottled water is considered to be healthier and safer than tap water in the U.S. which raises bottled water demand and aids market proliferation.
Meanwhile, Asia Pacific is projected to record the highest growth rate in the forthcoming years due to rising awareness regarding the importance of safe drinking water and growing focus on improving lifestyle.
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Competitive Landscape:
Product Launches by Leading Companies to Facilitate Profit Generation
Prominent companies are constantly opting for strategic moves such as mergers & acquisitions, partnerships and so on to enhance the reach of their products and generate massive revenue. One such strategy is to launch new products and solutions to meet consumer requirements or improve production efficiency.
Key Industry Development:
July 2024: Sidel International launched the Aseptic Predis X4 s, an integrated blow-fill-cap solution incorporating consolidated Predi dry preform sterilization, making it ideal for the expanding sensitive PET bottles market.
July 2024: Amcor Limited recently launched samples of spirits bottles made of recyclable polyethylene terephthalate (PET) that meet the newly approved U.S. Tax and Trade Bureau (TTB) sizes.
List of Key Players Mentioned in the Report:
- Amcor Plc
- Berry Plastics Corporation
- Plastipak Holdings, Inc.
- Graham Packaging Company, L.P.
- Apex Plastics Inc.
- Greiner Packaging GmbH
- CKS Packaging Inc.
- Peninsula Packaging, LLC
- Alpha Group Packaging
- Sidel Inc.
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