The global bottled water packaging market size was valued at USD 303.95 Billion in 2022 and is projected to reach USD 509.17 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period 2023-2031. The growth of the market is attributed to increasing usage of packed bottles in everyday packaging applications and a growing desire for light weight yet cost-efficient packaging solutions.
Packaging is prevalent in our everyday lives, the worldwide packaging business has experienced substantial growth over the last decade, owing to changes in substrate preferences and rise of new end-markets.
Aside from health issues, increased disposable income has allowed consumers in the Asia Pacific area to have a considerable impact on market growth.
Bottled mineral water is filtered and enriched with dissolved minerals, providing users with additional health advantages. Innovative package designs and new packaging techniques have helped to enhance packing and save weight.
The market is driven by rising concerns about water contamination as a result of hazardous waste dumping in water bodies, as well as technical advancements in bottled water processing equipment.
The increasing demand for bottled water in restaurants, retail stores, and food service chains is predicted to increase. The US government just accepted bottled water as a packaged food item. As a result, it is a safe and convenient water supply for users.
The demand for nutrition and aromatized water has risen as a result of substantial changes in consumer eating preferences. This necessitates innovations in the manufacturing of bottled water.
Bottled water is viewed as a convenient method to stay hydrated while maintaining a healthy diet. Because of its numerous attributes, such as comfort and convenience, the bottled water segment has been regarded as a promising market in the US beverage business. Furthermore, they regard bottled water as a high-quality, healthful water supply.
Bottled Water Packaging Market Trends, Drivers, Restraints, and Opportunities
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Increasing consumption of purified water is projected to boost the market during the forecast period.
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Growing healthy lifestyle in emerging countries is estimated to drive the market in the coming years.
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Depleting natural water resources and rising pollution are anticipated to propel the market.
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Rapid growth of the packaging and water treatment industries are key factors fueling the market.
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Safety regulations established by the government as a result of improper plastic bottle disposal are projected to hinder the market expansion.
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Poor distribution networks act as major challenges that can hamper the market expansion during the forecast period.
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Advancements in manufacturing of water bottles is projected to create significant opportunities for the market players.
Scope of Bottled Water Packaging Market Report
The report on the global bottled water packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Bottled Water Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Materials (Plastic, Metal, Glass)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Ball Corporation; Alpack Plastics; Sidel International; Plastipak Holdings; Amcor Limited
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Bottled Water Packaging Market Segment Insights
The plastic segment is projected to account for a large market share
Based on materials, the bottled water packaging market is divided into plastic, metal, and glass. The plastic segment is expected to constitute a key share of the market during the forecast period owing to characteristics such as light weight, non-reactivity, easy transportation and wide adoption of recyclable plastic.
North America is anticipated to dominate the market
On the basis of regions, the bottled water packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to increasing awareness and increased standard of living. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to countries such as India and China witnessing rapid growth in population has a significant impact on natural resources which creates an immense opportunity in coming years.
Segments
The global bottled water packaging market has been segmented on the basis of
Materials
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Ball Corporation
- Alpack Plastics
- Sidel International
- Plastipak Holdings
- Amcor Limited
Competitive Landscape
Key players competing in the bottled water packaging market include Ball Corporation; Alpack Plastics; Sidel International; Plastipak Holdings; and Amcor Limited.
Some of these players coming up with several market such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares. For instance,
In April, 2019 Sidel's new EvoDECO Roll-Fed Labeller was chosen by Levissima, an Italian water brand, to ensure line performance and label quality.
In September, 2018 Nestlé Waters (Switzerland), Danone (France), and Origin Materials (US) teamed together with PepsiCo Inc. (US) to produce bottled water and beverage containers with a low carbon impact.
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