According to our latest market study on "Bottled Water Market
Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Sparkling and
Still), Category (Functional and Conventional), Flavor (Plain and Flavored),
and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores,
Online Retail, and Others),” the market is expected to grow from US$ 228.84
billion in 2022 to US$ 322.85 billion by 2028; it is estimated to grow at a
CAGR of 5.9% from 2022 to 2028. The report highlights key factors driving the
bottled water market and prominent players and their progress in the market.

Bottled water is drinking water packaged inside a
plastic or glass bottle. It is one of the most convenient ways for the body to
fulfill its hydration needs and is easily available in retail stores.

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There has been a rising shift in consumer preference
from carbonated soft drinks to bottled water. Consumers in North America are
gradually shifting from soda to bottled water. The shift in the consumer’s
preference is driven due to an increased health-consciousness among consumers.
Consumers are shifting from unnatural and high-sugar drinks to healthier
alternatives, driving the bottled water market globally. For instance, in 2017,
the bottled water consumption in the US reached 39.3 gallons per capita, while
the carbonated soft drinks consumption fell to 38.5 gallons per capita. The
increasing concerns over the health impacts of high-sugar beverages and the
general trend toward diets have led to an increased demand for natural drinks,
thereby fueling the growth of the bottled water market. Moreover, major bottled
water brands such as Coca-Cola and Pepsi are introducing new flavors to their
bottled water product portfolio to meet consumers' demand for flavored bottled
water.
Danone; FIJI Water Company LLC;
GEROLSTEINER BRUNNEN GMBH & CO. KG; The Coca-Cola Company; Nestlé S.A;
Nongfu Spring; BlueTriton Brands, Inc.; PepsiCo, Inc; Voss of Norway AS; and
RHODIUS Mineralquellen und Getränke GmbH & Co. KG are the well-established
players constituting the majority of the bottled water market share.

Impact of COVID-19 Pandemic on
Bottled Water Market

The COVID-19 pandemic adversely affected the consumer
goods industry with the shutdown of manufacturing facilities, difficulty in
procuring raw materials and components, and restrictions on logistic
operations. The disruptions in the supply of raw materials to manufacturers hampered
bottled water production. The outbreak distorted operational efficiency and
disrupted the value chains due to the sudden shutdown of national and
international boundaries, creating revenue loss and damage. Various bottled
water manufacturers had to temporarily close their operations or limit their
production capacities, negatively impacting the bottled water market. However,
the businesses are gaining ground as governments of various countries worldwide
have eased out the previously imposed restrictions. The start of operations in
the bottled water manufacturing units is positively impacting the bottled water
market.

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